Eads & Heald Wealth Management decreased its holdings in shares of Mcdonald’s Corp (NYSE:MCD) by 3.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,645 shares of the fast-food giant’s stock after selling 431 shares during the quarter. Mcdonald’s accounts for approximately 1.4% of Eads & Heald Wealth Management’s investment portfolio, making the stock its 17th largest position. Eads & Heald Wealth Management’s holdings in Mcdonald’s were worth $2,068,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. HC Financial Advisors Inc. increased its holdings in Mcdonald’s by 4.9% in the third quarter. HC Financial Advisors Inc. now owns 10,669 shares of the fast-food giant’s stock valued at $1,785,000 after buying an additional 499 shares during the last quarter. Truvestments Capital LLC purchased a new position in Mcdonald’s in the third quarter valued at $122,000. First Command Financial Services Inc. grew its holdings in shares of Mcdonald’s by 30.1% during the third quarter. First Command Financial Services Inc. now owns 2,161 shares of the fast-food giant’s stock worth $361,000 after purchasing an additional 500 shares during the last quarter. NuWave Investment Management LLC grew its holdings in shares of Mcdonald’s by 2,485.2% during the third quarter. NuWave Investment Management LLC now owns 698 shares of the fast-food giant’s stock worth $117,000 after purchasing an additional 671 shares during the last quarter. Finally, Schmidt P J Investment Management Inc. grew its holdings in shares of Mcdonald’s by 2.2% during the third quarter. Schmidt P J Investment Management Inc. now owns 42,631 shares of the fast-food giant’s stock worth $7,132,000 after purchasing an additional 925 shares during the last quarter. 66.86% of the stock is owned by hedge funds and other institutional investors.
Shares of MCD opened at $180.49 on Thursday. Mcdonald’s Corp has a fifty-two week low of $146.84 and a fifty-two week high of $190.88. The stock has a market cap of $138.19 billion, a PE ratio of 22.85, a price-to-earnings-growth ratio of 2.48 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 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.07. Mcdonald’s had a net margin of 28.18% and a negative return on equity of 104.38%. The business had revenue of $5.16 billion during the quarter, compared to the consensus estimate of $5.16 billion. During the same quarter in the prior year, the firm earned $1.71 earnings per share. The business’s quarterly revenue was down 3.3% compared to the same quarter last year. Research analysts expect that Mcdonald’s Corp will post 8.18 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 1st will be paid a dividend of $1.16 per share. The ex-dividend date of this dividend is Thursday, February 28th. This represents a $4.64 annualized dividend and a dividend yield of 2.57%. Mcdonald’s’s dividend payout ratio (DPR) is 58.73%.
Several equities analysts have issued reports on MCD shares. Piper Jaffray Companies raised their price objective on Mcdonald’s to $194.00 and gave the stock an “overweight” rating in a report on Wednesday, November 28th. Cowen raised their price objective on Mcdonald’s from $190.00 to $205.00 and gave the stock an “outperform” rating in a report on Friday, November 9th. Wells Fargo & Co raised their price objective on Mcdonald’s from $197.00 to $202.00 and gave the stock an “outperform” rating in a report on Wednesday, November 21st. Morningstar set a $190.00 price objective on Mcdonald’s and gave the stock a “neutral” rating in a report on Wednesday, October 24th. Finally, Zacks Investment Research raised Mcdonald’s from a “hold” rating to a “buy” rating and set a $199.00 price objective on the stock in a report on Friday, October 26th. Six equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $193.43.
In other news, VP Catherine A. Hoovel sold 1,328 shares of the stock in a transaction dated Thursday, February 14th. The shares were sold at an average price of $175.95, for a total transaction of $233,661.60. Following the completion of the sale, the vice president now owns 2,499 shares in the company, valued at $439,699.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Andrew J. Mckenna sold 30,000 shares of the stock in a transaction dated Thursday, January 31st. The stock was sold at an average price of $180.27, for a total transaction of $5,408,100.00. 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 quarter. Insiders own 0.22% of the company’s stock.
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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