New England Professional Planning Group Inc. bought a new stake in Mcdonald’s Corp (NYSE:MCD) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 1,018 shares of the fast-food giant’s stock, valued at approximately $201,000.
A number of other institutional investors have also recently modified their holdings of MCD. BlackRock Inc. lifted its position in Mcdonald’s by 1.1% in the 2nd quarter. BlackRock Inc. now owns 50,805,829 shares of the fast-food giant’s stock valued at $10,550,339,000 after acquiring an additional 545,903 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Mcdonald’s by 11.0% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 16,562,216 shares of the fast-food giant’s stock valued at $3,439,309,000 after buying an additional 1,640,747 shares during the last quarter. Morgan Stanley raised its position in Mcdonald’s by 7.0% in the 2nd quarter. Morgan Stanley now owns 6,127,745 shares of the fast-food giant’s stock valued at $1,272,485,000 after buying an additional 402,857 shares during the last quarter. Nuveen Asset Management LLC lifted its stake in Mcdonald’s by 2,674.7% during the 2nd quarter. Nuveen Asset Management LLC now owns 5,707,504 shares of the fast-food giant’s stock valued at $1,185,221,000 after acquiring an additional 5,501,809 shares in the last quarter. Finally, California Public Employees Retirement System lifted its stake in Mcdonald’s by 10.0% during the 3rd quarter. California Public Employees Retirement System now owns 4,374,885 shares of the fast-food giant’s stock valued at $939,332,000 after acquiring an additional 397,624 shares in the last quarter. 67.23% of the stock is owned by institutional investors and hedge funds.
In other news, Chairman Enrique Hernandez, Jr. purchased 2,500 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was bought at an average price of $193.83 per share, for a total transaction of $484,575.00. Following the purchase, the chairman now owns 4,500 shares of the company’s stock, valued at $872,235. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John W. Rogers, Jr. acquired 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The stock was purchased at an average cost of $194.12 per share, with a total value of $194,120.00. Following the acquisition, the director now owns 88,500 shares in the company, valued at approximately $17,179,620. The disclosure for this purchase can be found here. Insiders acquired 7,380 shares of company stock valued at $1,430,223 over the last three months. Company insiders own 0.25% of the company’s stock.
Shares of MCD stock opened at $209.77 on Thursday. The company has a 50 day moving average of $198.57 and a 200-day moving average of $206.35. Mcdonald’s Corp has a 12-month low of $173.41 and a 12-month high of $221.93. The firm has a market cap of $156.13 billion, a P/E ratio of 26.55, a PEG ratio of 2.90 and a beta of 0.45.
Mcdonald’s (NYSE:MCD) last posted its quarterly earnings results on Tuesday, October 22nd. The fast-food giant reported $2.11 EPS for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.10). Mcdonald’s had a negative return on equity of 85.71% and a net margin of 28.09%. The company had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.47 billion. During the same period last year, the firm posted $2.10 EPS. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. Equities research analysts anticipate that Mcdonald’s Corp will post 7.84 earnings per share for the current fiscal year.
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.
Read More: What is a portfolio manager?
Want to see what other hedge funds are holding MCD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mcdonald’s Corp (NYSE:MCD).
Receive News & Ratings for Mcdonald's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mcdonald's and related companies with MarketBeat.com's FREE daily email newsletter.