New Capital Management LP Has $39,000 Holding in Mcdonald’s Corp (NYSE:MCD)

New Capital Management LP Has $39,000 Holding in Mcdonald’s Corp (NYSE:MCD)

New Capital Management LP lifted its holdings in Mcdonald’s Corp (NYSE:MCD) by 33.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 221 shares of the fast-food giant’s stock after purchasing an additional 55 shares during the period. New Capital Management LP’s holdings in Mcdonald’s were worth $39,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MCD. FMR LLC grew its holdings in shares of Mcdonald’s by 5.5% in the second quarter. FMR LLC now owns 19,483,955 shares of the fast-food giant’s stock valued at $3,052,941,000 after purchasing an additional 1,014,792 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Mcdonald’s by 6,582,167.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 7,964,544 shares of the fast-food giant’s stock valued at $1,332,390,000 after buying an additional 7,964,423 shares during the period. Legal & General Group Plc grew its holdings in shares of Mcdonald’s by 1.0% in the 3rd quarter. Legal & General Group Plc now owns 3,763,644 shares of the fast-food giant’s stock valued at $629,631,000 after buying an additional 37,786 shares during the period. Neuberger Berman Group LLC grew its holdings in shares of Mcdonald’s by 55.1% in the 3rd quarter. Neuberger Berman Group LLC now owns 2,581,306 shares of the fast-food giant’s stock valued at $431,827,000 after buying an additional 917,442 shares during the period. Finally, Bank of Montreal Can grew its holdings in shares of Mcdonald’s by 4.0% in the 3rd quarter. Bank of Montreal Can now owns 1,657,046 shares of the fast-food giant’s stock valued at $277,205,000 after buying an additional 63,702 shares during the period. Hedge funds and other institutional investors own 67.21% of the company’s stock.

In related news, Chairman Andrew J. Mckenna sold 30,000 shares of the stock in a transaction that occurred on Thursday, January 31st. The shares were sold at an average price of $180.27, for a total value of $5,408,100.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP David Ogden Fairhurst sold 76,411 shares of the firm’s stock in a transaction on Tuesday, February 5th. The shares were sold at an average price of $178.25, for a total transaction of $13,620,260.75. Following the transaction, the executive vice president now directly owns 12,110 shares of the company’s stock, valued at approximately $2,158,607.50. The disclosure for this sale can be found here. In the last three months, insiders sold 128,447 shares of company stock valued at $23,015,775. 0.22% of the stock is owned by insiders.

Several equities analysts have recently issued reports on the stock. Barclays set a $198.00 price target on shares of Mcdonald’s and gave the company a “buy” rating in a report on Monday, November 19th. Morgan Stanley raised shares of Mcdonald’s from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $173.00 to $210.00 in a research note on Thursday, November 29th. Piper Jaffray Companies boosted their price target on shares of Mcdonald’s to $194.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 28th. Jefferies Financial Group reissued a “buy” rating and set a $200.00 price target on shares of Mcdonald’s in a research report on Tuesday, December 4th. Finally, Cowen boosted their price target on shares of Mcdonald’s from $190.00 to $205.00 and gave the stock an “outperform” rating in a research report on Friday, November 9th. Seven analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. Mcdonald’s currently has a consensus rating of “Buy” and an average target price of $192.35.

NYSE MCD opened at $174.75 on Friday. The company has a market cap of $134.72 billion, a P/E ratio of 22.12, a PEG ratio of 2.42 and a beta of 0.52. Mcdonald’s Corp has a 1 year low of $146.84 and a 1 year high of $190.88.

Mcdonald’s (NYSE:MCD) last posted its quarterly earnings results on Wednesday, January 30th. The fast-food giant reported $1.97 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.90 by $0.07. The business had revenue of $5.16 billion for the quarter, compared to analyst estimates of $5.16 billion. Mcdonald’s had a net margin of 28.18% and a negative return on equity of 104.38%. The firm’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter last year, the business posted $1.71 EPS. Analysts forecast that Mcdonald’s Corp will post 8.19 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Friday, March 1st will be paid a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 2.66%. The ex-dividend date of this dividend is Thursday, February 28th. Mcdonald’s’s payout ratio is 58.73%.

Mcdonald’s 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, 2017, the company operated 37,241 restaurants, including 34,108 franchised restaurants comprising 21,366 franchised to conventional franchisees, 6,945 licensed to developmental licensees, and 5,797 licensed to foreign affiliates; and 3,133 company-operated restaurants.

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