BTIM Corp. decreased its holdings in shares of McDonald's Co. (NYSE:MCD) by 2.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 108,520 shares of the fast-food giant’s stock after selling 2,192 shares during the quarter. BTIM Corp.’s holdings in McDonald's were worth $18,678,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the company. AlphaMark Advisors LLC boosted its holdings in shares of McDonald's by 0.4% during the 2nd quarter. AlphaMark Advisors LLC now owns 1,288 shares of the fast-food giant’s stock worth $197,000 after buying an additional 5 shares during the period. Highland Private Wealth Management boosted its holdings in shares of McDonald's by 0.3% during the 2nd quarter. Highland Private Wealth Management now owns 2,182 shares of the fast-food giant’s stock worth $335,000 after buying an additional 6 shares during the period. Winch Advisory Services LLC boosted its holdings in shares of McDonald's by 0.4% during the 2nd quarter. Winch Advisory Services LLC now owns 1,598 shares of the fast-food giant’s stock worth $245,000 after buying an additional 7 shares during the period. Allen Investment Management LLC boosted its holdings in shares of McDonald's by 0.5% during the 2nd quarter. Allen Investment Management LLC now owns 1,725 shares of the fast-food giant’s stock worth $264,000 after buying an additional 9 shares during the period. Finally, Risk Paradigm Group LLC boosted its holdings in shares of McDonald's by 1.5% during the 2nd quarter. Risk Paradigm Group LLC now owns 1,518 shares of the fast-food giant’s stock worth $232,000 after buying an additional 22 shares during the period. Institutional investors own 67.62% of the company’s stock.
Several analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of McDonald's from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Credit Suisse Group reaffirmed an “outperform” rating and set a $175.00 price objective (down from $191.00) on shares of McDonald's in a report on Tuesday, March 6th. Bank of America set a $180.00 price objective on shares of McDonald's and gave the stock a “buy” rating in a report on Monday, March 5th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $170.00 price objective on shares of McDonald's in a report on Friday, March 2nd. Finally, Citigroup upped their price objective on shares of McDonald's from $167.00 to $176.00 and gave the stock a “neutral” rating in a report on Tuesday, February 6th. Nine investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $183.08.
McDonald's Co. (NYSE:MCD) opened at $157.24 on Monday. The company has a market cap of $124,930.00, a PE ratio of 21.75, a PEG ratio of 2.36 and a beta of 0.65. McDonald's Co. has a 1-year low of $127.35 and a 1-year high of $178.70. The company has a current ratio of 1.84, a quick ratio of 1.82 and a debt-to-equity ratio of -9.04.
McDonald's (NYSE:MCD) last released its quarterly earnings data on Tuesday, January 30th. The fast-food giant reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.12. The company had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $5.22 billion. McDonald's had a net margin of 22.75% and a negative return on equity of 201.76%. The firm’s revenue for the quarter was down 11.4% compared to the same quarter last year. During the same period last year, the firm earned $1.44 EPS. research analysts anticipate that McDonald's Co. will post 7.63 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be issued a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date is Wednesday, February 28th. McDonald's’s payout ratio is 55.88%.
COPYRIGHT VIOLATION WARNING: This news story was originally reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this news story on another site, it was copied illegally and reposted in violation of United States and international trademark and copyright laws. The correct version of this news story can be viewed at https://sportsperspectives.com/2018/03/12/btim-corp-has-18-68-million-stake-in-mcdonalds-co-mcd.html.
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.
Want to see what other hedge funds are holding MCD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for McDonald's Co. (NYSE:MCD).
Receive News & Ratings for McDonald's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDonald's and related companies with MarketBeat.com's FREE daily email newsletter.