Princeton Global Asset Management LLC Has $1.06 Million Holdings in McDonald’s Co. (NYSE:MCD)

Princeton Global Asset Management LLC increased its holdings in shares of McDonald’s Co. (NYSE:MCD) by 6.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,949 shares of the fast-food giant’s stock after buying an additional 301 shares during the quarter. Princeton Global Asset Management LLC’s holdings in McDonald’s were worth $1,062,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MCD. Clark Financial Advisors acquired a new stake in shares of McDonald’s in the 4th quarter valued at about $25,000. Catalyst Private Wealth LLC acquired a new stake in shares of McDonald’s in the 3rd quarter valued at about $27,000. DB Wealth Management Group LLC acquired a new stake in shares of McDonald’s in the 4th quarter valued at about $28,000. Fiduciary Planning LLC acquired a new stake in shares of McDonald’s in the 3rd quarter valued at about $30,000. Finally, McCarthy Asset Management Inc. acquired a new stake in shares of McDonald’s in the 4th quarter valued at about $31,000. 66.25% of the stock is currently owned by hedge funds and other institutional investors.

Shares of McDonald’s stock traded up $0.19 during trading on Tuesday, hitting $212.25. The company’s stock had a trading volume of 72,657 shares, compared to its average volume of 3,145,444. McDonald’s Co. has a 52 week low of $124.23 and a 52 week high of $231.91. The stock has a market cap of $158.15 billion, a price-to-earnings ratio of 32.78, a price-to-earnings-growth ratio of 3.17 and a beta of 0.58. The stock has a 50-day moving average price of $212.05 and a two-hundred day moving average price of $215.01.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Wednesday, January 27th. The fast-food giant reported $1.70 EPS for the quarter, missing the Zacks’ consensus estimate of $1.77 by ($0.07). The firm had revenue of $5.31 billion for the quarter, compared to the consensus estimate of $5.35 billion. McDonald’s had a net margin of 25.60% and a negative return on equity of 53.62%. The business’s revenue was down 2.1% compared to the same quarter last year. During the same period last year, the company posted $1.97 EPS. Analysts predict that McDonald’s Co. will post 6.16 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, March 15th. Shareholders of record on Monday, March 1st will be given a dividend of $1.29 per share. The ex-dividend date is Friday, February 26th. This represents a $5.16 dividend on an annualized basis and a yield of 2.43%. McDonald’s’s dividend payout ratio (DPR) is currently 65.82%.

Several research firms have issued reports on MCD. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell began coverage on McDonald’s in a research note on Monday, January 4th. They issued a “neutral” rating and a $230.00 price target on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on McDonald’s from $185.00 to $230.00 and gave the stock a “hold” rating in a report on Monday, November 16th. KeyCorp boosted their price objective on shares of McDonald’s from $225.00 to $235.00 and gave the company an “overweight” rating in a research report on Tuesday, November 10th. Smith Barney Citigroup assumed coverage on shares of McDonald’s in a research report on Monday, January 4th. They set a “neutral” rating and a $230.00 price objective for the company. Finally, Credit Suisse Group boosted their price objective on shares of McDonald’s from $230.00 to $238.00 and gave the company an “outperform” rating in a research report on Friday, January 29th. Eight equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $232.07.

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 and beverages, as well as breakfast menu. As of December 31, 2019, the company operated 38,695 restaurants. McDonald's Corporation was founded in 1940 and is based in Chicago, Illinois.

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