Farmers & Merchants Investments Inc. lowered its holdings in shares of McDonald's Co. (NYSE:MCD) by 1.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 69,965 shares of the fast-food giant’s stock after selling 1,054 shares during the period. Farmers & Merchants Investments Inc.’s holdings in McDonald's were worth $12,042,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of MCD. OLD Point Trust & Financial Services N A acquired a new position in McDonald's in the 4th quarter worth about $207,000. Highland Capital Management LLC increased its holdings in McDonald's by 14.0% in the 4th quarter. Highland Capital Management LLC now owns 10,280 shares of the fast-food giant’s stock worth $1,769,000 after purchasing an additional 1,265 shares in the last quarter. Commerzbank Aktiengesellschaft FI increased its holdings in McDonald's by 14.9% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 349,260 shares of the fast-food giant’s stock worth $60,115,000 after purchasing an additional 45,409 shares in the last quarter. Eqis Capital Management Inc. increased its holdings in McDonald's by 82.2% in the 4th quarter. Eqis Capital Management Inc. now owns 6,533 shares of the fast-food giant’s stock worth $1,125,000 after purchasing an additional 2,947 shares in the last quarter. Finally, FTB Advisors Inc. increased its holdings in McDonald's by 3.7% in the 4th quarter. FTB Advisors Inc. now owns 9,659 shares of the fast-food giant’s stock worth $1,666,000 after purchasing an additional 349 shares in the last quarter. 67.62% of the stock is owned by institutional investors.
In related news, VP Catherine A. Hoovel sold 1,398 shares of the company’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $170.54, for a total transaction of $238,414.92. Following the sale, the vice president now owns 1,398 shares in the company, valued at approximately $238,414.92. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Douglas M. Goare sold 34,575 shares of the company’s stock in a transaction dated 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. 0.24% of the stock is owned by corporate insiders.
McDonald's (NYSE:MCD) last announced its earnings results on Tuesday, January 30th. The fast-food giant reported $1.71 EPS for the quarter, beating the consensus estimate of $1.59 by $0.12. McDonald's had a negative return on equity of 201.76% and a net margin of 22.75%. The company had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.22 billion. During the same quarter in the prior year, the company earned $1.44 EPS. The firm’s revenue for the quarter was down 11.4% compared to the same quarter last year. research analysts forecast that McDonald's Co. will post 7.63 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be given a dividend of $1.01 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $4.04 annualized dividend and a dividend yield of 2.57%. McDonald's’s payout ratio is 63.52%.
A number of equities analysts have issued reports on the company. Credit Suisse Group reaffirmed an “outperform” rating and issued a $175.00 target price (down previously from $191.00) on shares of McDonald's in a report on Tuesday. Zacks Investment Research cut McDonald's from a “buy” rating to a “hold” rating in a report on Wednesday. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $170.00 target price on shares of McDonald's in a report on Friday, March 2nd. Bank of America set a $180.00 target price on McDonald's and gave the stock a “buy” rating in a report on Monday, March 5th. Finally, ValuEngine cut McDonald's from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Nine research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $183.08.
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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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