Secure Asset Management LLC purchased a new stake in shares of Mcdonald’s Corp (NYSE:MCD) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,847 shares of the fast-food giant’s stock, valued at approximately $365,000.

A number of other hedge funds have also recently added to or reduced their stakes in MCD. BlackRock Inc. boosted its holdings in Mcdonald’s by 1.1% during 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 acquiring an additional 545,903 shares during the period. Financial Gravity Wealth Inc. lifted its stake in shares of Mcdonald’s by 60.2% in the third quarter. Financial Gravity Wealth Inc. now owns 314 shares of the fast-food giant’s stock valued at $68,000 after buying an additional 118 shares during the period. PFG Advisors bought a new stake in shares of Mcdonald’s in the third quarter valued at about $325,000. Douglas Lane & Associates LLC lifted its stake in shares of Mcdonald’s by 1.8% in the third quarter. Douglas Lane & Associates LLC now owns 3,422 shares of the fast-food giant’s stock valued at $735,000 after buying an additional 61 shares during the period. Finally, Massey Quick Simon & CO. LLC lifted its stake in shares of Mcdonald’s by 681.8% in the third quarter. Massey Quick Simon & CO. LLC now owns 344 shares of the fast-food giant’s stock valued at $74,000 after buying an additional 300 shares during the period. Institutional investors own 67.12% of the company’s stock.

Several research firms recently weighed in on MCD. Morgan Stanley increased their target price on shares of Mcdonald’s from $214.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, December 19th. BMO Capital Markets increased their target price on shares of Mcdonald’s from $225.00 to $235.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Deutsche Bank increased their target price on shares of Mcdonald’s from $193.00 to $199.00 and gave the company a “hold” rating in a research note on Thursday, January 30th. MKM Partners increased their target price on shares of Mcdonald’s to and gave the company a “buy” rating in a research note on Thursday, January 30th. Finally, Credit Suisse Group reduced their target price on shares of Mcdonald’s from $236.00 to $230.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Nine investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $226.82.

NYSE:MCD traded down $0.54 during mid-day trading on Friday, hitting $216.88. The company’s stock had a trading volume of 1,136,409 shares, compared to its average volume of 3,444,645. Mcdonald’s Corp has a fifty-two week low of $173.41 and a fifty-two week high of $221.93. The company has a market capitalization of $163.77 billion, a price-to-earnings ratio of 27.52, a P/E/G ratio of 2.82 and a beta of 0.43. The stock has a fifty day moving average of $208.09 and a 200-day moving average of $206.46.

Mcdonald’s (NYSE:MCD) last posted its quarterly earnings results on Wednesday, January 29th. The fast-food giant reported $1.97 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.96 by $0.01. Mcdonald’s had a net margin of 28.59% and a negative return on equity of 79.57%. The firm had revenue of $5.35 billion during the quarter, compared to analyst estimates of $5.30 billion. During the same quarter in the prior year, the business posted $1.97 earnings per share. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. Sell-side analysts expect that Mcdonald’s Corp will post 8.54 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.31%. The ex-dividend date is Friday, February 28th. Mcdonald’s’s dividend payout ratio (DPR) is presently 63.78%.

In other news, VP Catherine A. Hoovel sold 2,555 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $214.00, for a total transaction of $546,770.00. Following the completion of the sale, the vice president now owns 1,347 shares of the company’s stock, valued at $288,258. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Daniel Henry sold 3,035 shares of the firm’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $215.54, for a total transaction of $654,163.90. The disclosure for this sale can be found here. Insiders sold 19,616 shares of company stock valued at $4,198,430 in the last three months. Company insiders own 0.25% of the company’s stock.

About Mcdonald’s

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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Institutional Ownership by Quarter for Mcdonald`s (NYSE:MCD)

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