Lido Advisors LLC Reduces Holdings in McDonald's Co. (MCD)

Lido Advisors LLC reduced its position in McDonald's Co. (NYSE:MCD) by 19.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,888 shares of the fast-food giant’s stock after selling 1,427 shares during the quarter. Lido Advisors LLC’s holdings in McDonald's were worth $982,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Acrospire Investment Management LLC purchased a new position in shares of McDonald's in the 2nd quarter valued at about $153,000. ST Germain D J Co. Inc. boosted its stake in shares of McDonald's by 28.9% in the 2nd quarter. ST Germain D J Co. Inc. now owns 4,908 shares of the fast-food giant’s stock valued at $752,000 after buying an additional 1,100 shares during the period. Dumont & Blake Investment Advisors LLC boosted its stake in shares of McDonald's by 2.1% in the 2nd quarter. Dumont & Blake Investment Advisors LLC now owns 3,835 shares of the fast-food giant’s stock valued at $587,000 after buying an additional 80 shares during the period. Parsec Financial Management Inc. boosted its stake in shares of McDonald's by 14.4% in the 2nd quarter. Parsec Financial Management Inc. now owns 3,018 shares of the fast-food giant’s stock valued at $462,000 after buying an additional 380 shares during the period. Finally, Sei Investments Co. boosted its stake in shares of McDonald's by 89.1% in the 2nd quarter. Sei Investments Co. now owns 313,102 shares of the fast-food giant’s stock valued at $47,955,000 after buying an additional 147,497 shares during the period. 67.53% of the stock is owned by institutional investors.

Several equities analysts have recently issued reports on the company. Deutsche Bank lifted their price objective on McDonald's to $190.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. BMO Capital Markets restated a “buy” rating and set a $190.00 target price on shares of McDonald's in a research note on Wednesday, January 31st. Bank of America set a $200.00 target price on McDonald's and gave the stock a “buy” rating in a research note on Monday, January 29th. Royal Bank of Canada set a $190.00 target price on McDonald's and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Finally, Nomura set a $183.00 target price on McDonald's and gave the stock a “buy” rating in a research note on Tuesday, October 17th. Nine research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $184.95.

Shares of McDonald's Co. (MCD) opened at $160.80 on Friday. The company has a quick ratio of 1.27, a current ratio of 1.28 and a debt-to-equity ratio of -8.17. McDonald's Co. has a 52 week low of $124.36 and a 52 week high of $178.70. The firm has a market capitalization of $130,250.00, a P/E ratio of 25.28, a price-to-earnings-growth ratio of 2.43 and a beta of 0.59.

McDonald's (NYSE:MCD) last issued its quarterly earnings data on Tuesday, January 30th. The fast-food giant reported $1.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.12. McDonald's had a negative return on equity of 217.17% and a net margin of 22.75%. The company had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.22 billion. During the same quarter in the previous year, the business earned $1.44 earnings per share. The firm’s revenue for the quarter was down 11.4% on a year-over-year basis. equities research analysts expect that McDonald's Co. will post 7.58 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be paid a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date is Wednesday, February 28th. McDonald's’s dividend payout ratio is currently 63.52%.

In other news, VP Catherine A. Hoovel sold 1,398 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $170.54, for a total value of $238,414.92. Following the transaction, the vice president now owns 1,398 shares of the company’s stock, valued at $238,414.92. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Douglas M. Goare sold 34,575 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $173.53, for a total value of $5,999,799.75. The disclosure for this sale can be found here. In the last quarter, insiders sold 207,550 shares of company stock valued at $35,118,055. 0.24% of the stock is owned by company insiders.

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McDonald's 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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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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