Huntington National Bank lifted its stake in Mcdonald’s Corp (NYSE:MCD) by 9.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 308,914 shares of the fast-food giant’s stock after acquiring an additional 26,306 shares during the period. Mcdonald’s accounts for 1.0% of Huntington National Bank’s portfolio, making the stock its 20th largest position. Huntington National Bank’s holdings in Mcdonald’s were worth $54,854,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in MCD. Strategic Wealth Partners Ltd. increased its position in Mcdonald’s by 47.9% during 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 in the last quarter. New Capital Management LP increased its holdings in shares of Mcdonald’s by 33.1% in the fourth quarter. New Capital Management LP now owns 221 shares of the fast-food giant’s stock valued at $39,000 after purchasing an additional 55 shares during the period. Highwater Wealth Management LLC acquired a new position in shares of Mcdonald’s in the fourth quarter valued at about $38,000. Tower View Investment Management & Research LLC increased its holdings in shares of Mcdonald’s by 20.6% in the fourth quarter. Tower View Investment Management & Research LLC now owns 375 shares of the fast-food giant’s stock valued at $67,000 after purchasing an additional 64 shares during the period. Finally, NuWave Investment Management LLC increased its holdings in shares of Mcdonald’s by 2,485.2% in the third quarter. NuWave Investment Management LLC now owns 698 shares of the fast-food giant’s stock valued at $117,000 after purchasing an additional 671 shares during the period. 69.20% of the stock is owned by hedge funds and other institutional investors.
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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Robert Lane Gibbs sold 22,036 shares of the firm’s stock in a transaction on Thursday, January 31st. The stock was sold at an average price of $180.95, for a total value of $3,987,414.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 128,447 shares of company stock valued at $23,015,775. Insiders own 0.22% of the company’s stock.
Shares of Mcdonald’s stock opened at $174.75 on Monday. Mcdonald’s Corp has a 12 month low of $146.84 and a 12 month high of $190.88. The company has a market cap of $134.72 billion, a price-to-earnings ratio of 22.12, a PEG ratio of 2.41 and a beta of 0.52.
Mcdonald’s (NYSE:MCD) last announced its earnings results on Wednesday, January 30th. The fast-food giant reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.07. Mcdonald’s had a negative return on equity of 104.38% and a net margin of 28.18%. The business had revenue of $5.16 billion during the quarter, compared to analysts’ expectations of $5.16 billion. During the same quarter in the prior year, the firm earned $1.71 earnings per share. The business’s revenue was down 3.3% compared to the same quarter last year. Equities research analysts expect that Mcdonald’s Corp will post 8.19 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, March 1st will be issued a dividend of $1.16 per share. The ex-dividend date is Thursday, February 28th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.66%. Mcdonald’s’s payout ratio is currently 58.73%.
Mcdonald’s Company Profile
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, 2017, the company operated 37,241 restaurants, including 34,108 franchised restaurants comprising 21,366 franchised to conventional franchisees, 6,945 licensed to developmental licensees, and 5,797 licensed to foreign affiliates; and 3,133 company-operated restaurants.
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