Virginia Retirement Systems ET AL Purchases 4,100 Shares of Mcdonald’s Corp (MCD)
Virginia Retirement Systems ET AL raised its position in Mcdonald’s Corp (NYSE:MCD) by 4.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 99,300 shares of the fast-food giant’s stock after purchasing an additional 4,100 shares during the quarter. Virginia Retirement Systems ET AL’s holdings in Mcdonald’s were worth $17,633,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Ruggie Capital Group boosted its holdings in shares of Mcdonald’s by 3,020.0% during the fourth quarter. Ruggie Capital Group now owns 156 shares of the fast-food giant’s stock worth $28,000 after acquiring an additional 151 shares during the period. Gantzert Investment Co. LLC ADV bought a new stake in shares of Mcdonald’s during the fourth quarter worth approximately $31,000. Focused Wealth Management Inc boosted its holdings in shares of Mcdonald’s by 4,500.0% during the fourth quarter. Focused Wealth Management Inc now owns 184 shares of the fast-food giant’s stock worth $33,000 after acquiring an additional 180 shares during the period. Highwater Wealth Management LLC bought a new stake in shares of Mcdonald’s during the fourth quarter worth approximately $38,000. Finally, Strategic Wealth Partners Ltd. boosted its holdings in shares of Mcdonald’s by 47.9% during the fourth quarter. Strategic Wealth Partners Ltd. now owns 207 shares of the fast-food giant’s stock worth $38,000 after acquiring an additional 67 shares during the period. 67.75% of the stock is currently owned by hedge funds and other institutional investors.
In other Mcdonald’s news, Chairman Andrew J. Mckenna sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, January 31st. The shares were sold at an average price of $180.27, for a total transaction of $5,408,100.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Catherine A. Hoovel sold 1,328 shares of the business’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 transaction of $233,661.60. Following the transaction, the vice president now owns 2,499 shares of the company’s stock, valued at $439,699.05. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 129,775 shares of company stock valued at $23,249,437. Company insiders own 0.22% of the company’s stock.
Shares of MCD opened at $182.97 on Tuesday. Mcdonald’s Corp has a one year low of $153.13 and a one year high of $190.88. The company has a market cap of $140.78 billion, a price-to-earnings ratio of 23.16, a PEG ratio of 2.57 and a beta of 0.53.
Mcdonald’s (NYSE:MCD) last announced its quarterly earnings data on Wednesday, January 30th. The fast-food giant reported $1.97 EPS for the quarter, beating the consensus estimate of $1.90 by $0.07. Mcdonald’s had a net margin of 28.18% and a negative return on equity of 104.38%. The business had revenue of $5.16 billion during the quarter, compared to the consensus estimate of $5.16 billion. During the same period in the previous year, the business earned $1.71 earnings per share. The company’s revenue was down 3.3% on a year-over-year basis. Equities research analysts anticipate that Mcdonald’s Corp will post 8.15 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a dividend of $1.16 per share. The ex-dividend date was Thursday, February 28th. This represents a $4.64 annualized dividend and a yield of 2.54%. Mcdonald’s’s dividend payout ratio is currently 58.73%.
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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