McDonald’s Co. (MCD) Holdings Raised by Birch Hill Investment Advisors LLC

Share on StockTwits

Birch Hill Investment Advisors LLC raised its position in McDonald’s Co. (NYSE:MCD) by 26.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,715 shares of the fast-food giant’s stock after acquiring an additional 1,000 shares during the period. Birch Hill Investment Advisors LLC’s holdings in McDonald’s were worth $737,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in MCD. Flagship Harbor Advisors LLC raised its holdings in shares of McDonald’s by 7.2% during the fourth quarter. Flagship Harbor Advisors LLC now owns 4,318 shares of the fast-food giant’s stock worth $749,000 after purchasing an additional 291 shares during the last quarter. Regentatlantic Capital LLC raised its holdings in shares of McDonald’s by 4.1% during the fourth quarter. Regentatlantic Capital LLC now owns 7,781 shares of the fast-food giant’s stock worth $1,339,000 after purchasing an additional 303 shares during the last quarter. Jacobi Capital Management LLC raised its holdings in shares of McDonald’s by 3.5% during the fourth quarter. Jacobi Capital Management LLC now owns 9,002 shares of the fast-food giant’s stock worth $1,566,000 after purchasing an additional 306 shares during the last quarter. Westpac Banking Corp raised its holdings in shares of McDonald’s by 0.6% during the fourth quarter. Westpac Banking Corp now owns 53,711 shares of the fast-food giant’s stock worth $9,245,000 after purchasing an additional 310 shares during the last quarter. Finally, TCI Wealth Advisors Inc. raised its holdings in shares of McDonald’s by 1.3% during the first quarter. TCI Wealth Advisors Inc. now owns 25,256 shares of the fast-food giant’s stock worth $3,949,000 after purchasing an additional 318 shares during the last quarter. Institutional investors own 67.23% of the company’s stock.

Several brokerages recently issued reports on MCD. Stifel Nicolaus raised their target price on shares of McDonald’s from $165.00 to $168.00 and gave the stock a “hold” rating in a report on Tuesday, May 1st. JPMorgan Chase & Co. reissued a “buy” rating and set a $182.00 target price on shares of McDonald’s in a report on Monday, March 12th. Piper Jaffray Companies set a $185.00 target price on shares of McDonald’s and gave the stock a “buy” rating in a report on Tuesday, April 10th. Goldman Sachs Group restated a “buy” rating and set a $185.00 price target on shares of McDonald’s in a research report on Wednesday, May 2nd. Finally, Nomura upgraded shares of McDonald’s from a “neutral” rating to a “buy” rating and set a $191.00 price target on the stock in a research report on Thursday, June 7th. Nine research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. McDonald’s currently has an average rating of “Buy” and an average price target of $183.70.

In related news, insider Douglas M. Goare sold 13,255 shares of the business’s stock in a transaction dated Tuesday, May 1st. The shares were sold at an average price of $165.40, for a total transaction of $2,192,377.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Kevin M. Ozan sold 18,636 shares of the business’s stock in a transaction dated Tuesday, May 1st. The stock was sold at an average price of $165.69, for a total transaction of $3,087,798.84. Following 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. Insiders own 0.22% of the company’s stock.

Shares of McDonald’s opened at $164.55 on Friday, according to MarketBeat.com. McDonald’s Co. has a 52-week low of $146.84 and a 52-week high of $178.70. The stock has a market capitalization of $126.04 billion, a PE ratio of 24.71, a P/E/G ratio of 2.36 and a beta of 0.63. The company has a current ratio of 1.74, a quick ratio of 1.72 and a debt-to-equity ratio of -6.54.

McDonald’s (NYSE:MCD) last announced its earnings results on Monday, April 30th. The fast-food giant reported $1.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.67 by $0.12. The business had revenue of $5.14 billion for the quarter, compared to analyst estimates of $4.97 billion. McDonald’s had a net margin of 24.02% and a negative return on equity of 167.80%. The company’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.47 earnings per share. research analysts predict that McDonald’s Co. will post 7.68 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, June 18th. Investors of record on Monday, June 4th were given a dividend of $1.01 per share. The ex-dividend date of this dividend was Friday, June 1st. This represents a $4.04 dividend on an annualized basis and a yield of 2.46%. McDonald’s’s payout ratio is presently 60.66%.

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.

Institutional Ownership by Quarter for McDonald`s (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.

Leave a Reply