Sumitomo Mitsui Asset Management Company LTD decreased its holdings in McDonald's Co. (NYSE:MCD) by 9.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 87,743 shares of the fast-food giant’s stock after selling 9,544 shares during the quarter. Sumitomo Mitsui Asset Management Company LTD’s holdings in McDonald's were worth $15,102,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also made changes to their positions in the stock. Janus Henderson Group PLC lifted its position in McDonald's by 3,951.0% during the second quarter. Janus Henderson Group PLC now owns 4,422,423 shares of the fast-food giant’s stock valued at $677,339,000 after buying an additional 4,313,253 shares during the period. FMR LLC raised its position in shares of McDonald's by 72.9% in the 2nd quarter. FMR LLC now owns 8,371,823 shares of the fast-food giant’s stock worth $1,282,229,000 after purchasing an additional 3,530,622 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of McDonald's by 69.9% in the 2nd quarter. Alliancebernstein L.P. now owns 7,558,294 shares of the fast-food giant’s stock worth $1,157,628,000 after purchasing an additional 3,110,669 shares during the last quarter. BlackRock Inc. raised its position in shares of McDonald's by 3.0% in the 2nd quarter. BlackRock Inc. now owns 54,606,388 shares of the fast-food giant’s stock worth $8,363,515,000 after purchasing an additional 1,586,761 shares during the last quarter. Finally, Capital Research Global Investors raised its position in shares of McDonald's by 15.0% in the 2nd quarter. Capital Research Global Investors now owns 12,058,661 shares of the fast-food giant’s stock worth $1,846,905,000 after purchasing an additional 1,572,074 shares during the last quarter. 67.62% of the stock is owned by institutional investors.
MCD has been the subject of several recent analyst reports. Royal Bank of Canada set a $190.00 price target on McDonald's and gave the stock a “buy” rating in a research report on Thursday, December 21st. Goldman Sachs Group set a $200.00 price target on McDonald's and gave the stock a “buy” rating in a research report on Friday, January 19th. Bank of America set a $200.00 price target on McDonald's and gave the stock a “buy” rating in a research report on Monday, January 29th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $185.00 price target (up previously from $178.00) on shares of McDonald's in a research report on Tuesday, December 19th. Finally, Barclays reaffirmed an “overweight” rating and issued a $205.00 price target (up previously from $193.00) on shares of McDonald's in a research report on Tuesday, January 16th. Eight equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. McDonald's presently has an average rating of “Buy” and an average target price of $183.08.
In other McDonald's news, VP Catherine A. Hoovel sold 1,398 shares of the business’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $170.54, for a total transaction of $238,414.92. Following the completion of the sale, the vice president now directly owns 1,398 shares in the company, valued at approximately $238,414.92. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Douglas M. Goare sold 34,575 shares of the business’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $173.53, for a total value of $5,999,799.75. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.
Shares of McDonald's Co. (MCD) opened at $151.20 on Wednesday. McDonald's Co. has a twelve month low of $127.34 and a twelve month high of $178.70. The company has a market capitalization of $119,993.02, a PE ratio of 23.77, a P/E/G ratio of 2.20 and a beta of 0.65. The company has a debt-to-equity ratio of -9.04, a current ratio of 1.84 and a quick ratio of 1.82.
McDonald's (NYSE:MCD) last released its quarterly earnings data on Tuesday, January 30th. The fast-food giant reported $1.71 EPS for the quarter, topping the consensus estimate of $1.59 by $0.12. The company had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $5.22 billion. McDonald's had a negative return on equity of 201.76% and a net margin of 22.75%. McDonald's’s revenue for the quarter was down 11.4% on a year-over-year basis. During the same period last year, the company earned $1.44 EPS. analysts predict that McDonald's Co. will post 7.63 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be paid a dividend of $1.01 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.67%. McDonald's’s dividend payout ratio is currently 63.52%.
McDonald's Company Profile
McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.
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