JNBA Financial Advisors Trims Stake in Mcdonald’s Corp (MCD)
JNBA Financial Advisors trimmed its holdings in Mcdonald’s Corp (NYSE:MCD) by 72.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 6,685 shares of the fast-food giant’s stock after selling 17,212 shares during the period. JNBA Financial Advisors’ holdings in Mcdonald’s were worth $1,187,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Ruggie Capital Group raised its holdings in Mcdonald’s by 3,020.0% during the fourth quarter. Ruggie Capital Group now owns 156 shares of the fast-food giant’s stock worth $28,000 after purchasing an additional 151 shares in the last quarter. Gantzert Investment Co. LLC ADV purchased a new position in Mcdonald’s during the fourth quarter worth about $31,000. Focused Wealth Management Inc raised its holdings in Mcdonald’s by 4,500.0% during the fourth quarter. Focused Wealth Management Inc now owns 184 shares of the fast-food giant’s stock worth $33,000 after purchasing an additional 180 shares in the last quarter. Highwater Wealth Management LLC purchased a new position in Mcdonald’s during the fourth quarter worth about $38,000. Finally, Strategic Wealth Partners Ltd. raised its holdings in Mcdonald’s by 47.9% during the fourth quarter. Strategic Wealth Partners Ltd. now owns 207 shares of the fast-food giant’s stock worth $38,000 after purchasing an additional 67 shares in the last quarter. 67.39% of the stock is owned by institutional investors and hedge funds.
Several research firms recently issued reports on MCD. Stephens raised shares of Mcdonald’s from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $180.00 to $200.00 in a report on Tuesday, February 19th. Royal Bank of Canada reissued a “buy” rating and set a $205.00 price target on shares of Mcdonald’s in a report on Wednesday, January 30th. Wells Fargo & Co increased their price target on shares of Mcdonald’s from $202.00 to $203.00 and gave the stock an “outperform” rating in a report on Friday, January 11th. Zacks Investment Research cut shares of Mcdonald’s from a “buy” rating to a “hold” rating in a report on Tuesday, December 18th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $200.00 price target on shares of Mcdonald’s in a report on Tuesday, December 4th. Six analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $194.11.
Shares of MCD opened at $185.33 on Friday. Mcdonald’s Corp has a twelve month low of $153.13 and a twelve month high of $190.88. The stock has a market cap of $139.85 billion, a price-to-earnings ratio of 23.46, a P/E/G ratio of 2.52 and a beta of 0.53.
Mcdonald’s (NYSE:MCD) last issued its earnings results on Wednesday, January 30th. The fast-food giant reported $1.97 earnings per share for the quarter, topping the 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 for the quarter, compared to analyst estimates of $5.16 billion. During the same period in the prior year, the business posted $1.71 earnings per share. The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year. Equities analysts anticipate that Mcdonald’s Corp will post 8.15 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a dividend of $1.16 per share. The ex-dividend date of this dividend was Thursday, February 28th. This represents a $4.64 annualized dividend and a yield of 2.50%. Mcdonald’s’s payout ratio is currently 58.73%.
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.
Featured Article: What are trading strategies for the 52-week high/low?
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 Corp (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.