Thoroughbred Financial Services LLC purchased a new stake in shares of Mcdonald’s Corp (NYSE:MCD) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 12,096 shares of the fast-food giant’s stock, valued at approximately $2,147,000. Mcdonald’s comprises 1.1% of Thoroughbred Financial Services LLC’s holdings, making the stock its 29th biggest holding.
A number of other large investors have also recently bought and sold shares of MCD. Ruggie Capital Group raised its holdings in Mcdonald’s by 3,020.0% in the 4th quarter. Ruggie Capital Group now owns 156 shares of the fast-food giant’s stock worth $28,000 after purchasing an additional 151 shares in the last quarter. Gantzert Investment Co. LLC ADV bought a new position in Mcdonald’s in the 4th quarter worth $31,000. Focused Wealth Management Inc raised its holdings in Mcdonald’s by 4,500.0% in the 4th quarter. Focused Wealth Management Inc now owns 184 shares of the fast-food giant’s stock worth $33,000 after purchasing an additional 180 shares in the last quarter. Strategic Wealth Partners Ltd. raised its holdings in Mcdonald’s by 47.9% in the 4th quarter. Strategic Wealth Partners Ltd. now owns 207 shares of the fast-food giant’s stock worth $38,000 after purchasing an additional 67 shares in the last quarter. Finally, New Capital Management LP raised its holdings in Mcdonald’s by 33.1% in the 4th quarter. New Capital Management LP now owns 221 shares of the fast-food giant’s stock worth $39,000 after purchasing an additional 55 shares in the last quarter. Institutional investors own 68.80% of the company’s stock.
Shares of MCD stock opened at $191.85 on Tuesday. Mcdonald’s Corp has a one year low of $153.13 and a one year high of $192.35. The stock has a market cap of $146.63 billion, a P/E ratio of 24.28, a PEG ratio of 2.68 and a beta of 0.53.
Mcdonald’s (NYSE:MCD) last announced its quarterly earnings data on Wednesday, January 30th. The fast-food giant reported $1.97 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.90 by $0.07. The company had revenue of $5.16 billion for the quarter, compared to the consensus estimate of $5.16 billion. Mcdonald’s had a net margin of 28.18% and a negative return on equity of 104.38%. Mcdonald’s’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.71 EPS. As a group, equities analysts predict that Mcdonald’s Corp will post 8.12 earnings per share for the current fiscal year.
Several brokerages have commented on MCD. Zacks Investment Research upgraded shares of Mcdonald’s from a “sell” rating to a “hold” rating in a report on Monday. Telsey Advisory Group restated an “outperform” rating and issued a $210.00 price objective (up from $195.00) on shares of Mcdonald’s in a report on Friday, April 5th. Robert W. Baird upped their price objective on shares of Mcdonald’s from $196.00 to $205.00 in a report on Monday, April 1st. Stephens upgraded shares of Mcdonald’s from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $180.00 to $200.00 in a report on Tuesday, February 19th. Finally, Royal Bank of Canada restated a “buy” rating and issued a $205.00 price objective on shares of Mcdonald’s in a report on Wednesday, January 30th. Six equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $195.50.
In other news, Chairman Andrew J. Mckenna sold 30,000 shares of the firm’s stock in a transaction dated Thursday, January 31st. The shares were sold at an average price of $180.27, for a total transaction of $5,408,100.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Robert Lane Gibbs sold 22,036 shares of the firm’s stock in a transaction dated Thursday, January 31st. The shares were sold at an average price of $180.95, for a total transaction of $3,987,414.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 129,775 shares of company stock worth $23,249,437. Insiders own 0.22% of the company’s stock.
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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, 2018, the company operated 37,855 restaurants, including 35,085 franchised restaurants comprising 21,685 franchised to conventional franchisees, 7,225 licensed to developmental licensees, and 6,175 licensed to foreign affiliates; and 2,770 company-operated restaurants.
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