Woodstock Corp cut its holdings in McDonald’s Co. (NYSE:MCD – Get Rating) by 0.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,932 shares of the fast-food giant’s stock after selling 186 shares during the quarter. Woodstock Corp’s holdings in McDonald’s were worth $5,253,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. West Financial Advisors LLC increased its stake in McDonald’s by 520.0% in the third quarter. West Financial Advisors LLC now owns 124 shares of the fast-food giant’s stock valued at $29,000 after purchasing an additional 104 shares during the period. Legend Financial Advisors Inc. acquired a new position in McDonald’s in the third quarter valued at $33,000. WD Rutherford LLC acquired a new position in McDonald’s in the third quarter valued at $36,000. Cowa LLC acquired a new position in McDonald’s in the third quarter valued at $39,000. Finally, McClarren Financial Advisors Inc. acquired a new position in McDonald’s in the third quarter valued at $43,000. 66.86% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
MCD has been the topic of several analyst reports. Credit Suisse Group lifted their target price on shares of McDonald’s from $298.00 to $300.00 and gave the company an “outperform” rating in a report on Wednesday, February 1st. Jefferies Financial Group lifted their target price on shares of McDonald’s from $305.00 to $315.00 and gave the company a “buy” rating in a report on Wednesday, December 21st. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of McDonald’s from $263.00 to $277.00 in a report on Wednesday, February 1st. Truist Financial decreased their price objective on shares of McDonald’s from $300.00 to $292.00 and set a “buy” rating on the stock in a report on Wednesday, February 1st. Finally, StockNews.com assumed coverage on shares of McDonald’s in a report on Thursday. They set a “buy” rating on the stock. Five analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. According to MarketBeat, McDonald’s presently has an average rating of “Moderate Buy” and a consensus price target of $288.80.
McDonald’s Stock Down 1.2 %
MCD opened at $267.20 on Friday. McDonald’s Co. has a 52-week low of $228.34 and a 52-week high of $281.67. The company has a 50 day moving average of $267.15 and a two-hundred day moving average of $262.86. The company has a market cap of $195.46 billion, a P/E ratio of 32.00, a P/E/G ratio of 3.13 and a beta of 0.62.
McDonald’s (NYSE:MCD – Get Rating) last announced its earnings results on Tuesday, January 31st. The fast-food giant reported $2.59 earnings per share for the quarter, beating the consensus estimate of $2.46 by $0.13. The business had revenue of $5.93 billion during the quarter, compared to the consensus estimate of $5.75 billion. McDonald’s had a net margin of 26.65% and a negative return on equity of 120.10%. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.23 earnings per share. Research analysts anticipate that McDonald’s Co. will post 10.51 earnings per share for the current year.
McDonald’s Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 15th. Stockholders of record on Wednesday, March 1st were paid a $1.52 dividend. The ex-dividend date of this dividend was Tuesday, February 28th. This represents a $6.08 annualized dividend and a dividend yield of 2.28%. McDonald’s’s dividend payout ratio (DPR) is presently 72.81%.
McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the U.K.
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