American National Bank raised its holdings in McDonald’s Co. (NYSE:MCD – Get Rating) by 13.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,282 shares of the fast-food giant’s stock after buying an additional 386 shares during the quarter. American National Bank’s holdings in McDonald’s were worth $865,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Arrowstreet Capital Limited Partnership lifted its position in shares of McDonald’s by 1,189.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,191,692 shares of the fast-food giant’s stock valued at $541,962,000 after acquiring an additional 2,021,754 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in shares of McDonald’s by 77.8% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,849,583 shares of the fast-food giant’s stock valued at $950,418,000 after purchasing an additional 1,684,960 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of McDonald’s by 16.3% during the 3rd quarter. Price T Rowe Associates Inc. MD now owns 7,869,149 shares of the fast-food giant’s stock worth $1,816,219,000 after purchasing an additional 1,105,231 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of McDonald’s by 44.2% in the 1st quarter. Renaissance Technologies LLC now owns 2,531,400 shares of the fast-food giant’s stock valued at $625,965,000 after buying an additional 776,419 shares during the period. Finally, Barclays PLC increased its position in McDonald’s by 48.4% in the 3rd quarter. Barclays PLC now owns 1,879,173 shares of the fast-food giant’s stock valued at $433,603,000 after buying an additional 612,854 shares in the last quarter. 66.86% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several research analysts have issued reports on the company. Jefferies Financial Group increased their price target on McDonald’s from $305.00 to $315.00 and gave the stock a “buy” rating in a report on Wednesday, December 21st. Morgan Stanley upped their price objective on shares of McDonald’s from $285.00 to $305.00 and gave the stock an “overweight” rating in a report on Wednesday, January 18th. Barclays raised their price objective on shares of McDonald’s from $295.00 to $310.00 and gave the company an “overweight” rating in a research note on Thursday, January 5th. Stephens reissued an “overweight” rating and set a $280.00 target price on shares of McDonald’s in a research report on Wednesday, February 1st. Finally, Wells Fargo & Company began coverage on shares of McDonald’s in a report on Monday, January 23rd. They issued an “equal weight” rating and a $280.00 target price on the stock. Five research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $288.80.
Insider Transactions at McDonald’s
McDonald’s Stock Down 1.2 %
Shares of MCD stock opened at $267.20 on Friday. The company has a 50 day moving average of $267.15 and a 200-day moving average of $262.86. McDonald’s Co. has a 12-month low of $228.34 and a 12-month high of $281.67. The firm has a market cap of $195.46 billion, a P/E ratio of 32.00, a PEG ratio of 3.13 and a beta of 0.62.
McDonald’s (NYSE:MCD – Get Rating) last issued its quarterly earnings results on Tuesday, January 31st. The fast-food giant reported $2.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.46 by $0.13. McDonald’s had a net margin of 26.65% and a negative return on equity of 120.10%. The company had revenue of $5.93 billion during the quarter, compared to analyst estimates of $5.75 billion. During the same quarter last year, the business posted $2.23 EPS. McDonald’s’s quarterly revenue was down 1.4% compared to the same quarter last year. As a group, equities analysts expect that McDonald’s Co. will post 10.51 EPS for the current year.
McDonald’s Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 15th. Stockholders of record on Wednesday, March 1st were paid a dividend of $1.52 per share. The ex-dividend date of this dividend was Tuesday, February 28th. This represents a $6.08 annualized dividend and a dividend yield of 2.28%. McDonald’s’s payout ratio is currently 72.81%.
McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the U.K.
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