Cadinha & Co. LLC acquired a new position in shares of Mcdonald’s Corp (NYSE:MCD) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 2,422 shares of the fast-food giant’s stock, valued at approximately $430,000.

Other large investors have also recently bought and sold shares of the company. New Capital Management LP grew its position in shares of Mcdonald’s by 33.1% in the fourth quarter. New Capital Management LP now owns 221 shares of the fast-food giant’s stock valued at $39,000 after purchasing an additional 55 shares in the last quarter. Ipswich Investment Management Co. Inc. grew its position in shares of Mcdonald’s by 0.5% in the fourth quarter. Ipswich Investment Management Co. Inc. now owns 11,823 shares of the fast-food giant’s stock valued at $2,099,000 after purchasing an additional 56 shares in the last quarter. CMH Wealth Management LLC grew its position in shares of Mcdonald’s by 0.5% in the fourth quarter. CMH Wealth Management LLC now owns 11,774 shares of the fast-food giant’s stock valued at $2,091,000 after purchasing an additional 60 shares in the last quarter. Douglas Lane & Associates LLC grew its position in shares of Mcdonald’s by 2.2% in the fourth quarter. Douglas Lane & Associates LLC now owns 2,780 shares of the fast-food giant’s stock valued at $494,000 after purchasing an additional 60 shares in the last quarter. Finally, Aries Wealth Management grew its position in shares of Mcdonald’s by 0.9% in the fourth quarter. Aries Wealth Management now owns 7,023 shares of the fast-food giant’s stock valued at $1,247,000 after purchasing an additional 63 shares in the last quarter. Institutional investors own 69.20% of the company’s stock.

MCD stock opened at $174.15 on Thursday. Mcdonald’s Corp has a 12-month low of $146.84 and a 12-month high of $190.88. The company has a market cap of $134.34 billion, a PE ratio of 22.04, a P/E/G ratio of 2.41 and a beta of 0.52.

Mcdonald’s (NYSE:MCD) last posted its quarterly earnings results on Wednesday, January 30th. The fast-food giant reported $1.97 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $5.16 billion during the quarter, compared to the consensus estimate of $5.16 billion. During the same period last year, the firm earned $1.71 EPS. The company’s revenue for the quarter was down 3.3% on a year-over-year basis. Sell-side analysts anticipate that Mcdonald’s Corp will post 8.19 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 1st will be paid a dividend of $1.16 per share. The ex-dividend date is Thursday, February 28th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.66%. Mcdonald’s’s dividend payout ratio (DPR) is 58.73%.

In other news, Chairman Andrew J. Mckenna sold 30,000 shares of the firm’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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David Ogden Fairhurst sold 76,411 shares of the firm’s stock in a transaction that occurred on Tuesday, February 5th. The stock was sold at an average price of $178.25, for a total transaction of $13,620,260.75. Following the transaction, the executive vice president now directly owns 12,110 shares of the company’s stock, valued at $2,158,607.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 128,447 shares of company stock valued at $23,015,775. Corporate insiders own 0.22% of the company’s stock.

A number of equities research analysts have recently issued reports on MCD shares. Jefferies Financial Group upped their price target on Mcdonald’s from $190.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, October 24th. Royal Bank of Canada set a $190.00 price objective on Mcdonald’s and gave the company a “buy” rating in a report on Wednesday, October 24th. JPMorgan Chase & Co. set a $180.00 price objective on Mcdonald’s and gave the company a “buy” rating in a report on Wednesday, October 24th. Robert W. Baird reiterated a “buy” rating and issued a $200.00 price objective on shares of Mcdonald’s in a report on Wednesday, October 24th. Finally, Wells Fargo & Co set a $197.00 target price on Mcdonald’s and gave the company a “buy” rating in a report on Wednesday, October 24th. Seven research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $192.35.

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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, 2017, the company operated 37,241 restaurants, including 34,108 franchised restaurants comprising 21,366 franchised to conventional franchisees, 6,945 licensed to developmental licensees, and 5,797 licensed to foreign affiliates; and 3,133 company-operated restaurants.

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

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