Cambridge Financial Group Inc. decreased its position in shares of Mcdonald’s Corp (NYSE:MCD) by 1.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,182 shares of the fast-food giant’s stock after selling 420 shares during the period. Mcdonald’s comprises 3.4% of Cambridge Financial Group Inc.’s portfolio, making the stock its 20th biggest position. Cambridge Financial Group Inc.’s holdings in Mcdonald’s were worth $4,991,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of MCD. Norges Bank acquired a new stake in shares of Mcdonald’s during the fourth quarter worth approximately $1,579,988,000. Private Advisor Group LLC boosted its position in shares of Mcdonald’s by 100.9% during the fourth quarter. Private Advisor Group LLC now owns 66,598 shares of the fast-food giant’s stock worth $13,063,000 after purchasing an additional 7,728,181 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Mcdonald’s by 487.0% during the first quarter. Assenagon Asset Management S.A. now owns 1,074,733 shares of the fast-food giant’s stock worth $177,707,000 after purchasing an additional 891,641 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Mcdonald’s by 10.8% during the fourth quarter. Janus Henderson Group PLC now owns 6,401,217 shares of the fast-food giant’s stock worth $1,264,937,000 after purchasing an additional 625,583 shares in the last quarter. Finally, Swiss National Bank boosted its position in shares of Mcdonald’s by 19.7% during the first quarter. Swiss National Bank now owns 3,595,182 shares of the fast-food giant’s stock worth $594,463,000 after purchasing an additional 592,500 shares in the last quarter. 66.13% of the stock is owned by institutional investors.
Several brokerages have issued reports on MCD. Telsey Advisory Group reiterated an “outperform” rating on shares of Mcdonald’s in a research note on Wednesday, April 22nd. KeyCorp lowered their price target on shares of Mcdonald’s from $235.00 to $200.00 and set an “overweight” rating on the stock in a research note on Friday, March 27th. Stifel Nicolaus decreased their price objective on shares of Mcdonald’s from $180.00 to $175.00 and set a “hold” rating for the company in a research report on Friday, May 1st. MKM Partners reduced their target price on shares of Mcdonald’s from $245.00 to $210.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Mcdonald’s from $168.00 to $172.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Eight research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $207.48.
Shares of MCD stock traded down $0.67 during mid-day trading on Friday, reaching $184.41. 2,448,234 shares of the company’s stock traded hands, compared to its average volume of 4,116,318. Mcdonald’s Corp has a 12 month low of $124.23 and a 12 month high of $221.93. The company has a market cap 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. The company’s 50-day moving average price is $179.19 and its 200-day moving average price is $192.40.
Mcdonald’s (NYSE:MCD) last announced its earnings results on Thursday, April 30th. The fast-food giant reported $1.47 EPS for the quarter, missing the Zacks’ consensus estimate of $1.59 by ($0.12). Mcdonald’s had a net margin of 27.86% and a negative return on equity of 70.25%. The business had revenue of $4.71 billion for the quarter, compared to the consensus estimate of $4.66 billion. During the same quarter last year, the firm posted $1.78 EPS. The business’s quarterly revenue was down 6.2% on a year-over-year basis. On average, sell-side analysts expect that Mcdonald’s Corp will post 5.5 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.71%. Mcdonald’s’s payout ratio is 63.78%.
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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