Semmax Financial Advisors Inc. bought a new stake in Mcdonald’s Corp (NYSE:MCD) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 623 shares of the fast-food giant’s stock, valued at approximately $111,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ruggie Capital Group lifted its position in Mcdonald’s by 3,020.0% during the 4th quarter. Ruggie Capital Group now owns 156 shares of the fast-food giant’s stock worth $28,000 after acquiring an additional 151 shares during the period. Gantzert Investment Co. LLC ADV acquired a new stake in shares of Mcdonald’s in the 4th quarter valued at approximately $31,000. Focused Wealth Management Inc lifted its holdings in shares of Mcdonald’s by 4,500.0% in the 4th quarter. Focused Wealth Management Inc now owns 184 shares of the fast-food giant’s stock valued at $33,000 after buying an additional 180 shares during the period. Highwater Wealth Management LLC acquired a new stake in shares of Mcdonald’s in the 4th quarter valued at approximately $38,000. Finally, Strategic Wealth Partners Ltd. lifted its holdings in shares of Mcdonald’s by 47.9% in the 4th quarter. Strategic Wealth Partners Ltd. now owns 207 shares of the fast-food giant’s stock valued at $38,000 after buying an additional 67 shares during the period. 68.80% of the stock is owned by hedge funds and other institutional investors.
Several analysts have recently commented on MCD shares. Robert W. Baird raised their price target on Mcdonald’s from $196.00 to $205.00 in a report on Monday, April 1st. Royal Bank of Canada reissued a “buy” rating and issued a $205.00 price target on shares of Mcdonald’s in a report on Wednesday, January 30th. Zacks Investment Research cut Mcdonald’s from a “buy” rating to a “hold” rating in a report on Tuesday, December 18th. Telsey Advisory Group reissued an “outperform” rating and issued a $210.00 price target (up from $195.00) on shares of Mcdonald’s in a report on Friday, April 5th. Finally, Wells Fargo & Co raised their price target on Mcdonald’s from $202.00 to $203.00 and gave the company an “outperform” rating in a report on Friday, January 11th. Six investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $195.50.
Mcdonald’s (NYSE:MCD) last released its quarterly earnings results on Wednesday, January 30th. The fast-food giant reported $1.97 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.07. The company had revenue of $5.16 billion during the quarter, compared to the consensus estimate of $5.16 billion. Mcdonald’s had a negative return on equity of 104.38% and a net margin of 28.18%. Mcdonald’s’s revenue was down 3.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.71 earnings per share. As a group, sell-side analysts forecast that Mcdonald’s Corp will post 8.11 EPS for the current fiscal year.
In other Mcdonald’s news, Chairman Andrew J. Mckenna sold 30,000 shares of the firm’s stock in a transaction on Thursday, January 31st. The stock was sold at an average price of $180.27, for a total transaction of $5,408,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Catherine A. Hoovel sold 1,328 shares of the firm’s stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $175.95, for a total value of $233,661.60. Following the transaction, the vice president now directly owns 2,499 shares of the company’s stock, valued at approximately $439,699.05. The disclosure for this sale can be found here. Insiders have sold 129,775 shares of company stock valued at $23,249,437 in the last three months. 0.22% of the stock is currently owned by company insiders.
McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products, soft drinks, coffee, and other beverages, as well as breakfast menu. As of December 31, 2018, the company operated 37,855 restaurants, including 35,085 franchised restaurants comprising 21,685 franchised to conventional franchisees, 7,225 licensed to developmental licensees, and 6,175 licensed to foreign affiliates; and 2,770 company-operated restaurants.
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