Vident Investment Advisory LLC boosted its holdings in McDonald's Co. (NYSE:MCD) by 6.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,817 shares of the fast-food giant’s stock after buying an additional 531 shares during the period. Vident Investment Advisory LLC’s holdings in McDonald's were worth $1,518,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Horan Capital Advisors LLC. acquired a new stake in McDonald's in the third quarter worth $104,000. Pinnacle Wealth Planning Services Inc. acquired a new stake in McDonald's in the fourth quarter worth $109,000. Tarbox Family Office Inc. raised its holdings in McDonald's by 105.8% in the fourth quarter. Tarbox Family Office Inc. now owns 638 shares of the fast-food giant’s stock worth $110,000 after purchasing an additional 328 shares during the period. Horan Capital Management acquired a new stake in McDonald's in the fourth quarter worth $110,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. raised its holdings in McDonald's by 219.2% in the third quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 830 shares of the fast-food giant’s stock worth $130,000 after purchasing an additional 570 shares during the period. Institutional investors and hedge funds own 68.25% of the company’s stock.
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In other news, insider Douglas M. Goare sold 13,255 shares of McDonald's stock in a transaction dated Tuesday, May 1st. The shares were sold at an average price of $165.40, for a total value of $2,192,377.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kevin M. Ozan sold 18,636 shares of McDonald's stock in a transaction dated Tuesday, May 1st. The shares were sold at an average price of $165.69, for a total transaction of $3,087,798.84. Following the completion of the transaction, the executive vice president now directly owns 29,800 shares of the company’s stock, valued at approximately $4,937,562. The disclosure for this sale can be found here. Company insiders own 0.22% of the company’s stock.
Several equities research analysts have weighed in on MCD shares. Goldman Sachs set a $190.00 target price on shares of McDonald's and gave the stock a “buy” rating in a report on Friday, January 5th. Cowen restated a “buy” rating and set a $200.00 price objective on shares of McDonald's in a report on Friday, January 5th. JPMorgan Chase set a $186.00 price objective on shares of McDonald's and gave the stock a “buy” rating in a report on Friday, January 12th. Barclays restated an “overweight” rating and set a $205.00 price objective (up from $193.00) on shares of McDonald's in a report on Tuesday, January 16th. Finally, Zacks Investment Research lowered shares of McDonald's from a “buy” rating to a “hold” rating in a report on Wednesday, January 17th. Eight equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. McDonald's presently has an average rating of “Buy” and a consensus target price of $184.03.
Shares of MCD opened at $160.08 on Friday. McDonald's Co. has a one year low of $142.26 and a one year high of $178.70. The stock has a market capitalization of $127,659.92, a PE ratio of 22.99, a PEG ratio of 2.37 and a beta of 0.63. The company has a quick ratio of 1.82, a current ratio of 1.84 and a debt-to-equity ratio of -9.04.
McDonald's (NYSE:MCD) last announced its quarterly earnings data on Monday, April 30th. The fast-food giant reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.67 by $0.12. McDonald's had a net margin of 24.02% and a negative return on equity of 193.74%. The company had revenue of $5.14 billion during the quarter, compared to the consensus estimate of $4.97 billion. During the same quarter last year, the firm posted $1.47 EPS. The company’s quarterly revenue was down 9.5% on a year-over-year basis. research analysts forecast that McDonald's Co. will post 7.65 earnings per share for the current fiscal year.
McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.
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