Mcdonald’s Corp (NYSE:MCD) Shares Bought by HM Payson & Co.
HM Payson & Co. raised its position in Mcdonald’s Corp (NYSE:MCD) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 288,489 shares of the fast-food giant’s stock after acquiring an additional 2,678 shares during the quarter. Mcdonald’s makes up approximately 1.8% of HM Payson & Co.’s portfolio, making the stock its 11th biggest position. HM Payson & Co.’s holdings in Mcdonald’s were worth $57,008,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MCD. Covenant Multifamily Offices LLC purchased a new position in shares of Mcdonald’s in the 4th quarter worth about $27,000. Litman Gregory Asset Management LLC raised its holdings in shares of Mcdonald’s by 102.7% in the 4th quarter. Litman Gregory Asset Management LLC now owns 148 shares of the fast-food giant’s stock worth $29,000 after purchasing an additional 75 shares during the period. Quantum Capital Management purchased a new position in shares of Mcdonald’s in the 3rd quarter worth about $35,000. Knuff & Co LLC purchased a new position in shares of Mcdonald’s in the 4th quarter worth about $40,000. Finally, CBIZ Investment Advisory Services LLC purchased a new position in shares of Mcdonald’s in the 4th quarter worth about $40,000. 67.30% of the stock is owned by institutional investors.
Shares of NYSE MCD traded up $1.67 during mid-day trading on Thursday, hitting $164.65. The company had a trading volume of 1,259,851 shares, compared to its average volume of 8,355,266. The stock has a market cap of $120.73 billion, a price-to-earnings ratio of 20.89, a PEG ratio of 2.36 and a beta of 0.48. Mcdonald’s Corp has a 12 month low of $124.23 and a 12 month high of $221.93. The firm’s 50 day simple moving average is $194.62 and its two-hundred day simple moving average is $201.04.
The firm also recently announced a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 3.04%. The ex-dividend date was Friday, February 28th. Mcdonald’s’s payout ratio is currently 63.78%.
A number of research firms have recently issued reports on MCD. Stephens upgraded Mcdonald’s from an “equal weight” rating to an “overweight” rating and lowered their target price for the company from $210.00 to $165.00 in a research note on Wednesday. Royal Bank of Canada reiterated a “buy” rating and issued a $235.00 target price on shares of Mcdonald’s in a research report on Thursday, January 30th. Deutsche Bank decreased their target price on Mcdonald’s from $199.00 to $171.00 and set a “hold” rating for the company in a research report on Monday. Robert W. Baird reiterated an “outperform” rating and issued a $230.00 target price (up previously from $218.00) on shares of Mcdonald’s in a research report on Thursday, January 30th. Finally, KeyCorp lifted their target price on Mcdonald’s from $225.00 to $235.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Nine analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. Mcdonald’s currently has an average rating of “Buy” and an average price target of $221.21.
In other Mcdonald’s news, EVP Francesca A. Debiase sold 14,026 shares of Mcdonald’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $213.71, for a total transaction of $2,997,496.46. Following the sale, the executive vice president now owns 19,067 shares of the company’s stock, valued at approximately $4,074,808.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Daniel Henry sold 3,035 shares of Mcdonald’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $215.54, for a total value of $654,163.90. The disclosure for this sale can be found here. Insiders have sold a total of 19,616 shares of company stock worth $4,198,430 in the last ninety days. 0.25% of the stock is owned by company insiders.
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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