Hancock Whitney Corp lowered its stake in Mcdonald’s Corp (NYSE:MCD) by 3.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,064 shares of the fast-food giant’s stock after selling 403 shares during the period. Hancock Whitney Corp’s holdings in Mcdonald’s were worth $1,989,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of MCD. WCM Investment Management LLC acquired a new stake in shares of Mcdonald’s in the third quarter valued at approximately $164,557,000. BlackRock Inc. increased its holdings in shares of Mcdonald’s by 1.1% in the second quarter. BlackRock Inc. now owns 50,805,829 shares of the fast-food giant’s stock valued at $10,550,339,000 after purchasing an additional 545,903 shares in the last quarter. California Public Employees Retirement System increased its holdings in shares of Mcdonald’s by 10.0% in the third 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 purchasing an additional 397,624 shares in the last quarter. AMF Pensionsforsakring AB increased its holdings in shares of Mcdonald’s by 123.7% in the third quarter. AMF Pensionsforsakring AB now owns 680,489 shares of the fast-food giant’s stock valued at $146,108,000 after purchasing an additional 376,247 shares in the last quarter. Finally, Banco Santander S.A. increased its holdings in shares of Mcdonald’s by 158.1% in the third quarter. Banco Santander S.A. now owns 491,813 shares of the fast-food giant’s stock valued at $105,598,000 after purchasing an additional 301,288 shares in the last quarter. 67.12% of the stock is owned by institutional investors and hedge funds.
A number of analysts recently weighed in on MCD shares. Bank of America reissued a “buy” rating and issued a $240.00 price target on shares of Mcdonald’s in a report on Thursday, January 30th. Piper Jaffray Companies lowered shares of Mcdonald’s from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $224.00 to $195.00 in a report on Monday, November 4th. Guggenheim raised their price target on shares of Mcdonald’s from $237.00 to $239.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Piper Sandler reaffirmed a “hold” rating and set a $195.00 target price on shares of Mcdonald’s in a report on Thursday, January 30th. Finally, KeyCorp lifted their target price on shares of Mcdonald’s from $225.00 to $235.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Nine equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $226.82.
Shares of NYSE MCD opened at $217.09 on Friday. The company’s fifty day moving average is $208.51 and its 200-day moving average is $206.47. The stock has a market cap of $163.74 billion, a price-to-earnings ratio of 27.70, a P/E/G ratio of 2.87 and a beta of 0.43. Mcdonald’s Corp has a twelve month low of $177.01 and a twelve month high of $221.93.
Mcdonald’s (NYSE:MCD) last announced its quarterly earnings results on Wednesday, January 29th. The fast-food giant reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $0.01. The company had revenue of $5.35 billion for the quarter, compared to analysts’ expectations of $5.30 billion. Mcdonald’s had a net margin of 28.59% and a negative return on equity of 79.57%. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period last year, the firm posted $1.97 earnings per share. As a group, analysts forecast that Mcdonald’s Corp will post 8.54 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.30%. Mcdonald’s’s dividend payout ratio is 63.78%.
Mcdonald’s Company Profile
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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