Princeton Global Asset Management LLC raised its position in shares of McDonald’s Co. (NYSE:MCD) by 6.5% in the 4th quarter, Holdings Channel reports. The firm owned 4,949 shares of the fast-food giant’s stock after acquiring an additional 301 shares during the period. Princeton Global Asset Management LLC’s holdings in McDonald’s were worth $1,062,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Sontag Advisory LLC raised its position in McDonald’s by 11.8% during the third quarter. Sontag Advisory LLC now owns 5,262 shares of the fast-food giant’s stock valued at $1,155,000 after purchasing an additional 555 shares in the last quarter. JFS Wealth Advisors LLC raised its position in McDonald’s by 4.7% during the fourth quarter. JFS Wealth Advisors LLC now owns 9,896 shares of the fast-food giant’s stock valued at $2,124,000 after purchasing an additional 445 shares in the last quarter. Great Diamond Partners LLC raised its position in McDonald’s by 5.6% during the fourth quarter. Great Diamond Partners LLC now owns 12,322 shares of the fast-food giant’s stock valued at $2,641,000 after purchasing an additional 653 shares in the last quarter. Everett Harris & Co. CA grew its stake in shares of McDonald’s by 1.5% during the fourth quarter. Everett Harris & Co. CA now owns 416,602 shares of the fast-food giant’s stock worth $89,394,000 after buying an additional 6,166 shares during the last quarter. Finally, Maryland State Retirement & Pension System bought a new stake in shares of McDonald’s during the fourth quarter worth $2,467,000. Institutional investors and hedge funds own 66.25% of the company’s stock.

MCD traded up $0.19 on Tuesday, hitting $212.25. The company’s stock had a trading volume of 72,657 shares, compared to its average volume of 3,145,444. The company’s 50 day simple moving average is $212.05 and its 200-day simple moving average is $215.01. The firm has a market cap of $158.15 billion, a P/E ratio of 32.78, a price-to-earnings-growth ratio of 3.17 and a beta of 0.58. McDonald’s Co. has a 12 month low of $124.23 and a 12 month high of $231.91.

McDonald’s (NYSE:MCD) last posted its earnings results on Wednesday, January 27th. The fast-food giant reported $1.70 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.77 by ($0.07). McDonald’s had a negative return on equity of 53.62% and a net margin of 25.60%. The firm had revenue of $5.31 billion during the quarter, compared to analysts’ expectations of $5.35 billion. During the same quarter in the prior year, the company earned $1.97 earnings per share. The business’s revenue for the quarter was down 2.1% compared to the same quarter last year. Research analysts anticipate that McDonald’s Co. will post 6.16 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, March 15th. Shareholders of record on Monday, March 1st will be paid a $1.29 dividend. This represents a $5.16 annualized dividend and a yield of 2.43%. The ex-dividend date is Friday, February 26th. McDonald’s’s dividend payout ratio is presently 65.82%.

A number of analysts have weighed in on MCD shares. Royal Bank of Canada boosted their target price on shares of McDonald’s from $220.00 to $245.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 3rd. Oppenheimer raised shares of McDonald’s from a “market perform” rating to an “outperform” rating and set a $240.00 target price on the stock in a research note on Thursday, January 7th. Stephens boosted their target price on shares of McDonald’s from $225.00 to $232.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 7th. Piper Sandler reduced their price objective on shares of McDonald’s from $225.00 to $209.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 2nd. Finally, BMO Capital Markets boosted their price objective on shares of McDonald’s from $235.00 to $240.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 10th. Eight equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $232.07.

McDonald’s Profile

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products and beverages, as well as breakfast menu. As of December 31, 2019, the company operated 38,695 restaurants. McDonald's Corporation was founded in 1940 and is based in Chicago, Illinois.

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

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