Carmichael Hill & Associates Inc. reduced its holdings in shares of Mcdonald’s Corp (NYSE:MCD) by 1.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 9,910 shares of the fast-food giant’s stock after selling 176 shares during the period. Mcdonald’s makes up 1.9% of Carmichael Hill & Associates Inc.’s investment portfolio, making the stock its 14th largest holding. Carmichael Hill & Associates Inc.’s holdings in Mcdonald’s were worth $1,882,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Old Port Advisors raised its position in Mcdonald’s by 4.9% during the first quarter. Old Port Advisors now owns 1,232 shares of the fast-food giant’s stock worth $234,000 after acquiring an additional 58 shares during the last quarter. Moloney Securities Asset Management LLC raised its position in Mcdonald’s by 0.8% during the fourth quarter. Moloney Securities Asset Management LLC now owns 7,642 shares of the fast-food giant’s stock worth $1,357,000 after acquiring an additional 59 shares during the last quarter. CapWealth Advisors LLC grew its holdings in shares of Mcdonald’s by 1.9% during the fourth quarter. CapWealth Advisors LLC now owns 3,230 shares of the fast-food giant’s stock worth $574,000 after buying an additional 60 shares in the last quarter. Cordasco Financial Network grew its holdings in shares of Mcdonald’s by 19.0% during the first quarter. Cordasco Financial Network now owns 375 shares of the fast-food giant’s stock worth $71,000 after buying an additional 60 shares in the last quarter. Finally, Mutual Advisors LLC grew its holdings in shares of Mcdonald’s by 1.1% during the fourth quarter. Mutual Advisors LLC now owns 5,713 shares of the fast-food giant’s stock worth $1,014,000 after buying an additional 64 shares in the last quarter. 67.69% of the stock is currently owned by institutional investors.
MCD has been the subject of a number of recent analyst reports. Robert W. Baird boosted their target price on shares of Mcdonald’s from $196.00 to $205.00 in a report on Monday, April 1st. Zacks Investment Research downgraded shares of Mcdonald’s from a “hold” rating to a “sell” rating in a research note on Tuesday, April 2nd. Telsey Advisory Group reiterated an “outperform” rating and set a $210.00 price objective (up from $195.00) on shares of Mcdonald’s in a research note on Friday, April 5th. Wells Fargo & Co boosted their price objective on shares of Mcdonald’s from $203.00 to $218.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Finally, Longbow Research cut shares of Mcdonald’s from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $200.00 to $197.00 in a research report on Wednesday, May 1st. They noted that the move was a valuation call. Seven investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $207.93.
Mcdonald’s (NYSE:MCD) last posted its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $1.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.01). Mcdonald’s had a negative return on equity of 95.31% and a net margin of 28.20%. The company had revenue of $4.96 billion during the quarter, compared to analysts’ expectations of $4.94 billion. During the same period last year, the company earned $1.79 earnings per share. Mcdonald’s’s revenue for the quarter was down 3.6% compared to the same quarter last year. On average, sell-side analysts predict that Mcdonald’s Corp will post 8.05 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were issued a $1.16 dividend. The ex-dividend date was Friday, May 31st. This represents a $4.64 dividend on an annualized basis and a yield of 2.25%. Mcdonald’s’s dividend payout ratio is currently 58.73%.
In other Mcdonald’s news, insider Christopher J. Kempczinski sold 38,729 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $195.21, for a total transaction of $7,560,288.09. Following the transaction, the insider now owns 11,658 shares in the company, valued at $2,275,758.18. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Ian Frederick Borden sold 4,149 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $199.22, for a total value of $826,563.78. The disclosure for this sale can be found here. Insiders sold 104,449 shares of company stock worth $20,458,931 in the last 90 days. 0.25% of the stock is currently owned by corporate insiders.
Mcdonald’s Company Profile
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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