Intl Fcstone Inc. acquired a new stake in Mcdonald’s Corp (NYSE:MCD) in the 1st quarter, Holdings Channel reports. The firm acquired 1,306 shares of the fast-food giant’s stock, valued at approximately $248,000.
Several other hedge funds have also added to or reduced their stakes in MCD. HC Financial Advisors Inc. raised its stake in shares of Mcdonald’s by 4.9% in the third quarter. HC Financial Advisors Inc. now owns 10,669 shares of the fast-food giant’s stock worth $1,785,000 after purchasing an additional 499 shares during the last quarter. Highwater Wealth Management LLC purchased a new position in shares of Mcdonald’s in the fourth quarter worth about $38,000. Lynch & Associates IN raised its stake in shares of Mcdonald’s by 1.4% in the fourth quarter. Lynch & Associates IN now owns 30,950 shares of the fast-food giant’s stock worth $5,496,000 after purchasing an additional 416 shares during the last quarter. Cerebellum GP LLC raised its stake in shares of Mcdonald’s by 27.9% in the fourth quarter. Cerebellum GP LLC now owns 1,423 shares of the fast-food giant’s stock worth $253,000 after purchasing an additional 310 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its stake in shares of Mcdonald’s by 4.9% in the fourth quarter. State of Alaska Department of Revenue now owns 118,946 shares of the fast-food giant’s stock worth $21,117,000 after purchasing an additional 5,568 shares during the last quarter. 68.87% of the stock is owned by institutional investors and hedge funds.
Shares of MCD opened at $197.73 on Friday. Mcdonald’s Corp has a 12 month low of $153.13 and a 12 month high of $200.00. The company has a market capitalization of $150.79 billion, a price-to-earnings ratio of 25.03, a price-to-earnings-growth ratio of 2.76 and a beta of 0.54.
Mcdonald’s (NYSE:MCD) last issued its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $1.72 EPS for the quarter, missing the consensus estimate of $1.73 by ($0.01). Mcdonald’s had a net margin of 28.20% and a negative return on equity of 96.25%. The business had revenue of $4.96 billion during the quarter, compared to analyst estimates of $4.94 billion. During the same period in the previous year, the business posted $1.79 earnings per share. The firm’s revenue for the quarter was down 3.6% on a year-over-year basis. Equities research analysts anticipate that Mcdonald’s Corp will post 8.04 EPS for the current year.
Several research firms recently commented on MCD. Zacks Investment Research raised Mcdonald’s from a “sell” rating to a “hold” rating in a report on Monday, April 15th. Stephens raised their target price on Mcdonald’s from $210.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. SunTrust Banks raised their target price on Mcdonald’s to $230.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Wells Fargo & Co raised their target price on Mcdonald’s from $202.00 to $203.00 and gave the stock an “outperform” rating in a report on Friday, January 11th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $210.00 target price (up from $195.00) on shares of Mcdonald’s in a report on Friday, April 5th. Seven analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $202.39.
In other Mcdonald’s news, insider Christopher J. Kempczinski sold 38,729 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $195.21, for a total value of $7,560,288.09. Following the sale, the insider now directly owns 11,658 shares of the company’s stock, valued at $2,275,758.18. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Catherine A. Hoovel sold 1,328 shares of the firm’s stock in a transaction that occurred on Thursday, February 14th. The shares were sold at an average price of $175.95, for a total value of $233,661.60. Following the completion of the sale, the vice president now directly owns 2,499 shares in the company, valued at $439,699.05. The disclosure for this sale can be found here. Over the last three months, insiders sold 101,628 shares of company stock worth $19,866,029. 0.25% of the stock is owned by corporate insiders.
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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