Peddock Capital Advisors LLC Has $1,204,000 Position in McDonald's Co. (MCD)
Peddock Capital Advisors LLC maintained its stake in McDonald's Co. (NYSE:MCD) during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 9,292 shares of the fast-food giant’s stock at the end of the first quarter. McDonald's Co. comprises 0.7% of Peddock Capital Advisors LLC’s holdings, making the stock its 23rd largest position. Peddock Capital Advisors LLC’s holdings in McDonald's Co. were worth $1,204,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Mutual of Omaha Bank Wealth Management increased its stake in McDonald's Co. by 2.8% in the first quarter. Mutual of Omaha Bank Wealth Management now owns 13,495 shares of the fast-food giant’s stock valued at $1,749,000 after buying an additional 370 shares during the period. Stillwater Investment Management LLC increased its stake in McDonald's Co. by 2.6% in the first quarter. Stillwater Investment Management LLC now owns 19,120 shares of the fast-food giant’s stock valued at $2,478,000 after buying an additional 484 shares during the period. Univest Corp of Pennsylvania increased its stake in McDonald's Co. by 1.5% in the first quarter. Univest Corp of Pennsylvania now owns 2,150 shares of the fast-food giant’s stock valued at $279,000 after buying an additional 31 shares during the period. Mitchell Mcleod Pugh & Williams Inc. increased its stake in McDonald's Co. by 0.7% in the first quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 4,631 shares of the fast-food giant’s stock valued at $600,000 after buying an additional 32 shares during the period. Finally, Gradient Investments LLC increased its stake in McDonald's Co. by 12.2% in the first quarter. Gradient Investments LLC now owns 49,287 shares of the fast-food giant’s stock valued at $6,388,000 after buying an additional 5,351 shares during the period. 67.94% of the stock is currently owned by institutional investors and hedge funds.
McDonald's Co. (MCD) traded up 0.14% during midday trading on Wednesday, reaching $158.66. 622,464 shares of the company traded hands. The firm has a market capitalization of $128.51 billion, a PE ratio of 25.97 and a beta of 0.70. McDonald's Co. has a 12 month low of $110.33 and a 12 month high of $159.98. The company’s 50-day moving average price is $156.15 and its 200 day moving average price is $143.15. McDonald's Co. also was the recipient of unusually large options trading on Tuesday. Investors purchased 24,117 call options on the stock. This is an increase of 418% compared to the typical volume of 4,654 call options.
McDonald's Co. (NYSE:MCD) last announced its quarterly earnings data on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.08. The business had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $5.96 billion. The firm’s revenue was down 3.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.45 earnings per share. On average, equities analysts anticipate that McDonald's Co. will post $6.55 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Friday, September 1st will be paid a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 2.36%. The ex-dividend date is Wednesday, August 30th. McDonald's Co.’s dividend payout ratio is currently 61.54%.
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MCD has been the topic of several recent research reports. Goldman Sachs Group, Inc. (The) raised shares of McDonald's Co. from a “neutral” rating to a “buy” rating and upped their price objective for the company from $126.00 to $153.00 in a report on Wednesday, May 3rd. Vetr downgraded shares of McDonald's Co. from a “buy” rating to a “hold” rating and set a $147.92 price objective on the stock. in a report on Wednesday, May 3rd. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $170.00 price objective (up from $160.00) on shares of McDonald's Co. in a report on Thursday, May 25th. Barclays PLC reaffirmed an “overweight” rating and issued a $164.00 price objective (up from $155.00) on shares of McDonald's Co. in a report on Tuesday, May 30th. Finally, Telsey Advisory Group upped their price objective on shares of McDonald's Co. from $150.00 to $165.00 and gave the company an “outperform” rating in a report on Thursday, June 1st. Twelve research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $162.16.
In related news, EVP David Ogden Fairhurst sold 4,782 shares of the stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $157.05, for a total value of $751,013.10. Following the completion of the sale, the executive vice president now directly owns 6,954 shares of the company’s stock, valued at approximately $1,092,125.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Douglas M. Goare sold 17,286 shares of the stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $158.50, for a total value of $2,739,831.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 69,938 shares of company stock valued at $11,033,009. Company insiders own 0.24% of the company’s stock.
McDonald's Co. Company Profile
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.
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