First Heartland Consultants Inc. trimmed its holdings in shares of Mcdonald’s Corp (NYSE:MCD) by 35.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,855 shares of the fast-food giant’s stock after selling 1,548 shares during the period. First Heartland Consultants Inc.’s holdings in Mcdonald’s were worth $507,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also modified their holdings of the business. NumerixS Investment Technologies Inc acquired a new stake in Mcdonald’s in the 4th quarter worth about $1,026,000. Northern Trust Corp boosted its position in shares of Mcdonald’s by 2.8% during the fourth quarter. Northern Trust Corp now owns 11,680,799 shares of the fast-food giant’s stock worth $2,074,161,000 after acquiring an additional 317,676 shares during the last quarter. Burney Co. boosted its position in shares of Mcdonald’s by 6.1% during the fourth quarter. Burney Co. now owns 17,511 shares of the fast-food giant’s stock worth $3,109,000 after acquiring an additional 1,009 shares during the last quarter. Venturi Wealth Management LLC bought a new position in shares of Mcdonald’s during the fourth quarter worth $607,000. Finally, Van ECK Associates Corp boosted its position in shares of Mcdonald’s by 16.9% during the fourth quarter. Van ECK Associates Corp now owns 170,322 shares of the fast-food giant’s stock worth $30,244,000 after acquiring an additional 24,680 shares during the last quarter. Institutional investors own 68.80% of the company’s stock.
In related 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 transaction of $233,661.60. Following the sale, the vice president now owns 2,499 shares of the company’s stock, valued at approximately $439,699.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Robert Lane Gibbs sold 22,036 shares of the firm’s stock in a transaction on Thursday, January 31st. The stock was sold at an average price of $180.95, for a total value of $3,987,414.20. The disclosure for this sale can be found here. Insiders sold 129,775 shares of company stock worth $23,249,437 in the last 90 days. Corporate insiders own 0.22% of the company’s stock.
Several equities research analysts have recently weighed in on the stock. Stephens raised shares of Mcdonald’s from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $180.00 to $200.00 in a research note on Tuesday, February 19th. Royal Bank of Canada reissued a “buy” rating and issued a $205.00 target price on shares of Mcdonald’s in a research note on Wednesday, January 30th. Zacks Investment Research downgraded shares of Mcdonald’s from a “hold” rating to a “sell” rating in a research note on Tuesday, April 2nd. Robert W. Baird raised their price target on shares of Mcdonald’s from $196.00 to $205.00 in a research note on Monday, April 1st. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $210.00 price target (up previously from $195.00) on shares of Mcdonald’s in a research note on Friday, April 5th. Six research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $195.50.
NYSE:MCD traded up $0.30 during mid-day trading on Wednesday, reaching $192.00. The company’s stock had a trading volume of 273,419 shares, compared to its average volume of 2,592,431. Mcdonald’s Corp has a twelve month low of $153.13 and a twelve month high of $193.07. The firm has a market cap of $146.36 billion, a price-to-earnings ratio of 24.30, a PEG ratio of 2.69 and a beta of 0.53.
Mcdonald’s (NYSE:MCD) last issued its quarterly earnings results on Wednesday, January 30th. The fast-food giant reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.07. Mcdonald’s had a negative return on equity of 104.38% and a net margin of 28.18%. The firm had revenue of $5.16 billion for the quarter, compared to analyst estimates of $5.16 billion. During the same period last year, the company earned $1.71 EPS. The firm’s quarterly revenue was down 3.3% on a year-over-year basis. On average, equities analysts predict that Mcdonald’s Corp will post 8.11 earnings per share for the current year.
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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.
Further Reading: What is diluted earnings per share (Diluted EPS)?
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