Man Group plc Grows Position in Mcdonald’s Corp (NYSE:MCD)
Man Group plc increased its holdings in Mcdonald’s Corp (NYSE:MCD) by 5.2% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 197,542 shares of the fast-food giant’s stock after buying an additional 9,772 shares during the quarter. Man Group plc’s holdings in Mcdonald’s were worth $39,036,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the business. Ballentine Partners LLC raised its stake in shares of Mcdonald’s by 0.3% in the fourth quarter. Ballentine Partners LLC now owns 15,044 shares of the fast-food giant’s stock worth $2,974,000 after buying an additional 50 shares during the period. Coastal Capital Group Inc. lifted its holdings in Mcdonald’s by 7.1% during the fourth quarter. Coastal Capital Group Inc. now owns 759 shares of the fast-food giant’s stock valued at $149,000 after purchasing an additional 50 shares in the last quarter. Westhampton Capital LLC boosted its position in shares of Mcdonald’s by 0.7% in the fourth quarter. Westhampton Capital LLC now owns 7,138 shares of the fast-food giant’s stock worth $1,411,000 after purchasing an additional 50 shares during the period. Hendley & Co. Inc. boosted its position in shares of Mcdonald’s by 5.0% in the fourth quarter. Hendley & Co. Inc. now owns 1,045 shares of the fast-food giant’s stock worth $207,000 after purchasing an additional 50 shares during the period. Finally, Security National Trust Co. increased its stake in shares of Mcdonald’s by 0.7% in the fourth quarter. Security National Trust Co. now owns 7,236 shares of the fast-food giant’s stock worth $1,429,000 after purchasing an additional 52 shares in the last quarter. 67.30% of the stock is owned by institutional investors and hedge funds.
In other news, VP Catherine A. Hoovel sold 2,555 shares of Mcdonald’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $214.00, for a total transaction of $546,770.00. Following the completion of the sale, the vice president now owns 1,347 shares of the company’s stock, valued at $288,258. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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. In the last 90 days, insiders have sold 19,616 shares of company stock valued at $4,198,430. 0.25% of the stock is owned by company insiders.
Mcdonald’s (NYSE:MCD) last issued its quarterly earnings data on Wednesday, January 29th. The fast-food giant reported $1.97 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.96 by $0.01. Mcdonald’s had a negative return on equity of 79.57% and a net margin of 28.59%. The company had revenue of $5.35 billion for the quarter, compared to analysts’ expectations of $5.30 billion. During the same period in the previous year, the firm posted $1.97 earnings per share. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. As a group, research analysts anticipate that Mcdonald’s Corp will post 8.27 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were paid a dividend of $1.25 per share. The ex-dividend date was Friday, February 28th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 3.07%. Mcdonald’s’s dividend payout ratio is 63.78%.
Several research analysts recently weighed in on MCD shares. Guggenheim upped their target price on shares of Mcdonald’s from $237.00 to $239.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Wolfe Research began coverage on Mcdonald’s in a research report on Monday, March 9th. They issued a “peer perform” rating on the stock. Royal Bank of Canada restated a “buy” rating and issued a $235.00 price objective on shares of Mcdonald’s in a research report on Thursday, January 30th. Robert W. Baird reaffirmed an “outperform” rating and issued a $230.00 price objective (up previously from $218.00) on shares of Mcdonald’s in a research note on Thursday, January 30th. Finally, Telsey Advisory Group increased their target price on Mcdonald’s from $220.00 to $228.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Nine research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $221.21.
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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