D.A. Davidson & CO. boosted its holdings in McDonald’s Co. (NYSE:MCD) by 2.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 93,294 shares of the fast-food giant’s stock after acquiring an additional 1,824 shares during the quarter. D.A. Davidson & CO.’s holdings in McDonald’s were worth $14,618,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in MCD. Rainier Group Investment Advisory LLC purchased a new position in McDonald’s in the first quarter worth $102,000. Elmwood Wealth Management Inc. purchased a new position in shares of McDonald’s in the first quarter valued at $104,000. Pinnacle Wealth Planning Services Inc. purchased a new position in shares of McDonald’s in the fourth quarter valued at $109,000. CX Institutional purchased a new position in shares of McDonald’s in the second quarter valued at $109,000. Finally, Country Trust Bank increased its position in shares of McDonald’s by 518.9% in the first quarter. Country Trust Bank now owns 755 shares of the fast-food giant’s stock valued at $118,000 after buying an additional 633 shares in the last quarter. Hedge funds and other institutional investors own 67.40% of the company’s stock.
A number of brokerages have recently weighed in on MCD. Wells Fargo & Co raised their price target on McDonald’s from $180.00 to $185.00 and gave the company an “outperform” rating in a research report on Wednesday. Morgan Stanley dropped their price target on McDonald’s from $169.00 to $167.00 and set an “equal weight” rating for the company in a research report on Friday, July 27th. Goldman Sachs Group restated a “buy” rating and issued a $179.00 price target on shares of McDonald’s in a research report on Monday, July 30th. BMO Capital Markets raised their price target on McDonald’s from $190.00 to $195.00 and gave the company an “outperform” rating in a research report on Tuesday, May 1st. Finally, Imperial Capital dropped their price target on McDonald’s from $190.00 to $175.00 and set an “outperform” rating for the company in a research report on Friday, July 27th. Nine 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 $182.18.
McDonald’s opened at $159.30 on Friday, Marketbeat.com reports. The stock has a market cap of $121.58 billion, a P/E ratio of 23.92, a P/E/G ratio of 2.32 and a beta of 0.67. McDonald’s Co. has a 52 week low of $146.84 and a 52 week high of $178.70. The company has a debt-to-equity ratio of -5.24, a current ratio of 1.47 and a quick ratio of 1.45.
McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Thursday, July 26th. The fast-food giant reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.92 by $0.07. The firm had revenue of $5.35 billion during the quarter, compared to analysts’ expectations of $5.32 billion. McDonald’s had a negative return on equity of 133.89% and a net margin of 25.26%. The firm’s quarterly revenue was down 11.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.73 EPS. sell-side analysts forecast that McDonald’s Co. will post 7.65 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 18th. Investors of record on Tuesday, September 4th will be given a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date is Friday, August 31st. McDonald’s’s dividend payout ratio is presently 60.66%.
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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