South State Corp lifted its stake in Mcdonald’s Corp (NYSE:MCD) by 6.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 34,515 shares of the fast-food giant’s stock after acquiring an additional 2,176 shares during the quarter. South State Corp’s holdings in Mcdonald’s were worth $6,129,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the stock. New Capital Management LP increased its stake in Mcdonald’s by 33.1% in the 4th quarter. New Capital Management LP now owns 221 shares of the fast-food giant’s stock valued at $39,000 after buying an additional 55 shares during the last quarter. Ipswich Investment Management Co. Inc. boosted its holdings in Mcdonald’s by 0.5% in the 4th quarter. Ipswich Investment Management Co. Inc. now owns 11,823 shares of the fast-food giant’s stock valued at $2,099,000 after purchasing an additional 56 shares during the period. CMH Wealth Management LLC boosted its holdings in Mcdonald’s by 0.5% in the 4th quarter. CMH Wealth Management LLC now owns 11,774 shares of the fast-food giant’s stock valued at $2,091,000 after purchasing an additional 60 shares during the period. Douglas Lane & Associates LLC boosted its holdings in Mcdonald’s by 2.2% in the 4th quarter. Douglas Lane & Associates LLC now owns 2,780 shares of the fast-food giant’s stock valued at $494,000 after purchasing an additional 60 shares during the period. Finally, Aries Wealth Management boosted its holdings in Mcdonald’s by 0.9% in the 4th quarter. Aries Wealth Management now owns 7,023 shares of the fast-food giant’s stock valued at $1,247,000 after purchasing an additional 63 shares during the period. 68.80% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have commented on MCD. Robert W. Baird raised their price target on shares of Mcdonald’s from $196.00 to $205.00 in a report on Monday. Zacks Investment Research raised shares of Mcdonald’s from a “hold” rating to a “buy” rating and set a $208.00 price target for the company in a report on Wednesday, December 5th. Jefferies Financial Group reissued a “buy” rating and issued a $200.00 price target on shares of Mcdonald’s in a report on Tuesday, December 4th. Wells Fargo & Co raised their price target on shares of Mcdonald’s from $202.00 to $203.00 and gave the company an “outperform” rating in a report on Friday, January 11th. Finally, Stephens raised shares of Mcdonald’s from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $180.00 to $200.00 in a report on Tuesday, February 19th. Six equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $194.29.
NYSE MCD opened at $188.39 on Tuesday. Mcdonald’s Corp has a 52-week low of $153.13 and a 52-week high of $190.88. The firm has a market cap of $144.18 billion, a PE ratio of 23.85, a P/E/G ratio of 2.66 and a beta of 0.53.
Mcdonald’s (NYSE:MCD) last posted its quarterly earnings data 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 net margin of 28.18% and a negative return on equity of 104.38%. The company had revenue of $5.16 billion during the quarter, compared to the consensus estimate of $5.16 billion. During the same period in the previous year, the firm posted $1.71 EPS. The firm’s revenue was down 3.3% compared to the same quarter last year. On average, research analysts predict that Mcdonald’s Corp will post 8.12 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend was Thursday, February 28th. Mcdonald’s’s payout ratio is presently 58.73%.
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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