RHS Financial LLC Invests $467,000 in Mcdonald’s Corp (MCD) Stock
RHS Financial LLC acquired a new stake in Mcdonald’s Corp (NYSE:MCD) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 2,632 shares of the fast-food giant’s stock, valued at approximately $467,000.
Other large investors have also recently modified their holdings of the company. United Income Inc. acquired a new stake in Mcdonald’s in the fourth quarter valued at approximately $550,000. Manning & Napier Group LLC grew its position in Mcdonald’s by 5.8% in the fourth quarter. Manning & Napier Group LLC now owns 152,951 shares of the fast-food giant’s stock valued at $27,159,000 after acquiring an additional 8,368 shares in the last quarter. Cozad Asset Management Inc. grew its position in Mcdonald’s by 5.0% in the fourth quarter. Cozad Asset Management Inc. now owns 7,398 shares of the fast-food giant’s stock valued at $1,314,000 after acquiring an additional 355 shares in the last quarter. Cerebellum GP LLC grew its position in Mcdonald’s by 27.9% in the fourth quarter. Cerebellum GP LLC now owns 1,423 shares of the fast-food giant’s stock valued at $253,000 after acquiring an additional 310 shares in the last quarter. Finally, Allen Capital Group LLC acquired a new stake in Mcdonald’s in the fourth quarter valued at approximately $208,000. 67.39% of the stock is owned by institutional investors.
Mcdonald’s stock opened at $185.33 on Friday. The firm has a market capitalization of $139.85 billion, a price-to-earnings ratio of 23.46, a price-to-earnings-growth ratio of 2.52 and a beta of 0.53. Mcdonald’s Corp has a 12 month low of $153.13 and a 12 month high of $190.88.
The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date was Thursday, February 28th. Mcdonald’s’s payout ratio is 58.73%.
Several analysts have issued reports on MCD shares. Zacks Investment Research raised shares of Mcdonald’s from a “hold” rating to a “buy” rating and set a $208.00 price objective for the company in a research report on Wednesday, December 5th. Jefferies Financial Group reissued a “buy” rating and set a $200.00 price target on shares of Mcdonald’s in a research report on Tuesday, December 4th. Royal Bank of Canada set a $190.00 price target on shares of Mcdonald’s and gave the stock a “buy” rating in a research report on Tuesday, November 20th. Barclays set a $198.00 price target on shares of Mcdonald’s and gave the stock a “buy” rating in a research report on Monday, November 19th. Finally, Wells Fargo & Co raised their price target on shares of Mcdonald’s from $197.00 to $202.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 21st. Six analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $194.11.
In other Mcdonald’s news, VP Catherine A. Hoovel sold 1,328 shares of the firm’s stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $175.95, for a total value of $233,661.60. Following the sale, the vice president now directly owns 2,499 shares in the company, valued at $439,699.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP David Ogden Fairhurst sold 76,411 shares of the firm’s stock in a transaction on Tuesday, February 5th. The shares were sold at an average price of $178.25, for a total value of $13,620,260.75. Following the completion of the sale, the executive vice president now owns 12,110 shares in the company, valued at $2,158,607.50. The disclosure for this sale can be found here. Insiders sold 129,775 shares of company stock worth $23,249,437 over the last quarter. 0.22% of the stock is currently owned by company insiders.
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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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