GW Henssler & Associates Ltd. decreased its position in shares of McDonald’s Co. (NYSE:MCD) by 1.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 64,039 shares of the fast-food giant’s stock after selling 1,123 shares during the period. GW Henssler & Associates Ltd.’s holdings in McDonald’s were worth $10,014,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of MCD. Tarbox Family Office Inc. grew its position in McDonald’s by 105.8% during the fourth quarter. Tarbox Family Office Inc. now owns 638 shares of the fast-food giant’s stock valued at $110,000 after buying an additional 328 shares during the period. Chevy Chase Trust Holdings Inc. grew its position in McDonald’s by 0.5% during the third quarter. Chevy Chase Trust Holdings Inc. now owns 808,477 shares of the fast-food giant’s stock valued at $126,673,000 after buying an additional 3,876 shares during the period. Front Row Advisors LLC acquired a new stake in McDonald’s during the fourth quarter valued at $651,000. Quantitative Systematic Strategies LLC grew its position in McDonald’s by 285.6% during the fourth quarter. Quantitative Systematic Strategies LLC now owns 13,430 shares of the fast-food giant’s stock valued at $2,312,000 after buying an additional 9,947 shares during the period. Finally, Highstreet Asset Management Inc. grew its position in McDonald’s by 67.1% during the fourth quarter. Highstreet Asset Management Inc. now owns 94,891 shares of the fast-food giant’s stock valued at $16,333,000 after buying an additional 38,120 shares during the period. 67.39% of the stock is owned by institutional investors.
MCD has been the topic of several analyst reports. Morgan Stanley dropped their price target on shares of McDonald’s from $184.00 to $169.00 and set a “neutral” rating on the stock in a research report on Monday, March 26th. Bank of America set a $180.00 price objective on shares of McDonald’s and gave the company a “buy” rating in a report on Monday, March 5th. Piper Jaffray Companies set a $185.00 price objective on shares of McDonald’s and gave the company a “buy” rating in a report on Tuesday, April 10th. Royal Bank of Canada raised shares of McDonald’s to an “outperform” rating and set a $175.00 price target on the stock in a research note on Tuesday, May 1st. Finally, Zacks Investment Research downgraded shares of McDonald’s from a “hold” rating to a “sell” rating in a research note on Tuesday, April 3rd. Nine investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $183.70.
McDonald’s (NYSE:MCD) last released its quarterly earnings data on Monday, April 30th. The fast-food giant reported $1.79 EPS for the quarter, topping the consensus estimate of $1.67 by $0.12. McDonald’s had a net margin of 24.02% and a negative return on equity of 167.80%. The business had revenue of $5.14 billion for the quarter, compared to analyst estimates of $4.97 billion. During the same period in the previous year, the firm earned $1.47 EPS. The business’s revenue for the quarter was down 9.5% compared to the same quarter last year. equities analysts anticipate that McDonald’s Co. will post 7.68 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, June 18th. Shareholders of record on Monday, June 4th will be issued a $1.01 dividend. The ex-dividend date of this dividend is Friday, June 1st. This represents a $4.04 dividend on an annualized basis and a yield of 2.42%. McDonald’s’s dividend payout ratio (DPR) is 60.66%.
In other McDonald’s news, insider Douglas M. Goare sold 13,255 shares of the company’s stock in a transaction dated Tuesday, May 1st. The shares were sold at an average price of $165.40, for a total value of $2,192,377.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Kevin M. Ozan sold 18,636 shares of the company’s stock in a transaction dated Tuesday, May 1st. The shares were sold at an average price of $165.69, for a total transaction of $3,087,798.84. Following the completion of the transaction, the executive vice president now owns 29,800 shares in the company, valued at $4,937,562. The disclosure for this sale can be found here. 0.22% of the stock is currently owned by corporate insiders.
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, 2017, the company operated 37,241 restaurants, including 34,108 franchised restaurants comprising 21,366 franchised to conventional franchisees, 6,945 licensed to developmental licensees, and 5,797 licensed to foreign affiliates; and 3,133 company-operated restaurants.
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