Winslow Evans & Crocker Inc. grew its holdings in shares of Mcdonald’s Corp (NYSE:MCD) by 7.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,718 shares of the fast-food giant’s stock after purchasing an additional 182 shares during the period. Winslow Evans & Crocker Inc.’s holdings in Mcdonald’s were worth $540,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Garrett Wealth Advisory Group LLC purchased a new stake in shares of Mcdonald’s during the 3rd quarter worth approximately $30,000. Prime Capital Investment Advisors LLC purchased a new stake in shares of Mcdonald’s during the 3rd quarter worth approximately $30,000. Quantum Capital Management purchased a new stake in shares of Mcdonald’s during the 3rd quarter worth approximately $35,000. Vista Private Wealth Partners. LLC purchased a new stake in shares of Mcdonald’s during the 3rd quarter worth approximately $40,000. Finally, New Capital Management LP boosted its stake in shares of Mcdonald’s by 1,261.1% during the 3rd quarter. New Capital Management LP now owns 3,008 shares of the fast-food giant’s stock worth $48,000 after acquiring an additional 2,787 shares in the last quarter. Institutional investors own 67.23% of the company’s stock.
MCD stock opened at $207.32 on Wednesday. Mcdonald’s Corp has a 1 year low of $173.41 and a 1 year high of $221.93. The stock’s 50 day moving average price is $198.25 and its 200 day moving average price is $206.33. The firm has a market cap of $156.09 billion, a P/E ratio of 26.24, a PEG ratio of 2.90 and a beta of 0.45.
Mcdonald’s (NYSE:MCD) last posted its earnings results on Tuesday, October 22nd. The fast-food giant reported $2.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.10). The company had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $5.47 billion. Mcdonald’s had a net margin of 28.09% and a negative return on equity of 85.71%. Mcdonald’s’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.10 EPS. On average, analysts anticipate that Mcdonald’s Corp will post 7.84 EPS for the current year.
MCD has been the topic of several research analyst reports. Robert W. Baird decreased their price target on Mcdonald’s from $230.00 to $225.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 22nd. KeyCorp decreased their price target on Mcdonald’s from $235.00 to $225.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 23rd. MKM Partners decreased their price target on Mcdonald’s from $240.00 to $225.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Royal Bank of Canada assumed coverage on Mcdonald’s in a research note on Monday, December 9th. They set an “outperform” rating and a $218.00 price target on the stock. Finally, Longbow Research raised Mcdonald’s from a “neutral” rating to a “buy” rating and set a $227.00 target price on the stock in a research note on Friday, November 8th. Eight analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. Mcdonald’s presently has a consensus rating of “Buy” and an average price target of $223.54.
In other Mcdonald’s news, CEO Christopher J. Kempczinski purchased 2,580 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was bought at an average cost of $193.81 per share, for a total transaction of $500,029.80. Following the acquisition, the chief executive officer now owns 2,580 shares of the company’s stock, valued at approximately $500,029.80. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John J. Mulligan purchased 1,300 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was acquired at an average price of $193.46 per share, with a total value of $251,498.00. Following the completion of the acquisition, the director now directly owns 2,900 shares in the company, valued at approximately $561,034. The disclosure for this purchase can be found here. Insiders acquired a total of 7,380 shares of company stock valued at $1,430,223 over the last quarter. 0.25% of the stock is currently owned by insiders.
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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