Blair William & Co. IL grew its position in Mcdonald’s Corp (NYSE:MCD) by 3.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 319,659 shares of the fast-food giant’s stock after purchasing an additional 10,842 shares during the period. Blair William & Co. IL’s holdings in Mcdonald’s were worth $52,856,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Litman Gregory Asset Management LLC increased its position in Mcdonald’s by 102.7% in the 4th quarter. Litman Gregory Asset Management LLC now owns 148 shares of the fast-food giant’s stock worth $29,000 after purchasing an additional 75 shares during the last quarter. Knuff & Co LLC acquired a new position in shares of Mcdonald’s during the 4th quarter valued at about $40,000. CBIZ Investment Advisory Services LLC acquired a new position in shares of Mcdonald’s during the 4th quarter valued at about $40,000. Stephenson National Bank & Trust acquired a new position in shares of Mcdonald’s during the 4th quarter valued at about $40,000. Finally, PrairieView Partners LLC acquired a new position in shares of Mcdonald’s during the 1st quarter valued at about $33,000. 66.13% of the stock is currently owned by institutional investors.
Shares of MCD traded down $0.67 during mid-day trading on Friday, reaching $184.41. The company had a trading volume of 2,448,234 shares, compared to its average volume of 4,116,318. Mcdonald’s Corp has a twelve month low of $124.23 and a twelve month high of $221.93. The company’s 50-day moving average is $179.19 and its 200-day moving average is $192.40. The company has a market capitalization of $137.62 billion, a P/E ratio of 24.17, a P/E/G ratio of 4.59 and a beta of 0.67.
Mcdonald’s (NYSE:MCD) last issued its earnings results on Thursday, April 30th. The fast-food giant reported $1.47 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.59 by ($0.12). Mcdonald’s had a negative return on equity of 70.25% and a net margin of 27.86%. The company had revenue of $4.71 billion during the quarter, compared to analyst estimates of $4.66 billion. During the same period in the previous year, the company posted $1.78 earnings per share. The company’s quarterly revenue was down 6.2% on a year-over-year basis. On average, equities analysts predict that Mcdonald’s Corp will post 5.5 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.71%. Mcdonald’s’s payout ratio is presently 63.78%.
MCD has been the topic of a number of analyst reports. SunTrust Banks increased their price objective on Mcdonald’s from $189.00 to $195.00 and gave the company a “buy” rating in a report on Friday, May 1st. Robert W. Baird reissued an “outperform” rating and set a $230.00 price objective (up previously from $218.00) on shares of Mcdonald’s in a report on Thursday, January 30th. Wells Fargo & Co lowered their price objective on Mcdonald’s from $213.00 to $209.00 and set an “overweight” rating on the stock in a report on Friday, May 1st. Morgan Stanley increased their price objective on Mcdonald’s from $183.00 to $189.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Finally, Piper Sandler decreased their target price on Mcdonald’s from $195.00 to $170.00 and set a “neutral” rating for the company in a research note on Tuesday, April 7th. Eight research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $207.48.
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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