Bogart Wealth LLC Has $216,000 Stake in McDonald's Co. (MCD)
Bogart Wealth LLC trimmed its stake in McDonald's Co. (NYSE:MCD) by 25.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,410 shares of the fast-food giant’s stock after selling 476 shares during the quarter. Bogart Wealth LLC’s holdings in McDonald's were worth $216,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Vantage Financial Partners Ltd. Inc. purchased a new stake in shares of McDonald's in the second quarter valued at $322,000. Phocas Financial Corp. purchased a new stake in shares of McDonald's in the second quarter valued at $107,000. Proficio Capital Partners LLC grew its position in shares of McDonald's by 0.7% in the second quarter. Proficio Capital Partners LLC now owns 745 shares of the fast-food giant’s stock valued at $117,000 after purchasing an additional 5 shares during the period. Acrospire Investment Management LLC purchased a new stake in shares of McDonald's in the second quarter valued at $153,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of McDonald's in the second quarter valued at $162,000. 67.40% of the stock is owned by institutional investors and hedge funds.
In other news, VP James R. Sappington sold 8,046 shares of the company’s stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $165.00, for a total value of $1,327,590.00. Following the completion of the sale, the vice president now owns 15,739 shares of the company’s stock, valued at $2,596,935. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Stephen Easterbrook sold 171,577 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $168.32, for a total value of $28,879,840.64. Following the completion of the sale, the insider now directly owns 49,778 shares of the company’s stock, valued at approximately $8,378,632.96. The disclosure for this sale can be found here. 0.24% of the stock is owned by corporate insiders.
McDonald's (NYSE:MCD) last issued its earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.75 by $0.01. McDonald's had a negative return on equity of 216.45% and a net margin of 24.19%. The company had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.75 billion. During the same quarter in the prior year, the business earned $1.62 earnings per share. The company’s revenue was down 10.4% compared to the same quarter last year. research analysts expect that McDonald's Co. will post 6.53 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were given a $1.01 dividend. This is an increase from McDonald's’s previous quarterly dividend of $0.94. The ex-dividend date was Thursday, November 30th. This represents a $4.04 annualized dividend and a dividend yield of 2.32%. McDonald's’s dividend payout ratio is presently 58.30%.
MCD has been the subject of a number of recent analyst reports. Longbow Research raised McDonald's from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $154.05 to $183.00 in a research report on Thursday, September 28th. Zacks Investment Research raised McDonald's from a “hold” rating to a “buy” rating and set a $178.00 price objective for the company in a research report on Tuesday, September 26th. Credit Suisse Group set a $170.00 price objective on McDonald's and gave the company a “buy” rating in a research report on Wednesday, September 20th. Sanford C. Bernstein set a $180.00 price objective on McDonald's and gave the company a “buy” rating in a research report on Tuesday, September 19th. Finally, Mizuho reissued a “buy” rating and set a $173.00 price target (up previously from $170.00) on shares of McDonald's in a research report on Wednesday, September 13th. Ten investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $175.05.
McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.
Want to see what other hedge funds are holding MCD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for McDonald's Co. (NYSE:MCD).
Receive News & Ratings for McDonald's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDonald's and related companies with MarketBeat.com's FREE daily email newsletter.