Mcdonald’s Corp (MCD) Shares Bought by Brightworth

Brightworth grew its position in Mcdonald’s Corp (NYSE:MCD) by 6.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,694 shares of the fast-food giant’s stock after acquiring an additional 102 shares during the quarter. Brightworth’s holdings in Mcdonald’s were worth $301,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Psagot Investment House Ltd. raised its stake in shares of Mcdonald’s by 83.7% during the third quarter. Psagot Investment House Ltd. now owns 8,560 shares of the fast-food giant’s stock worth $1,432,000 after purchasing an additional 3,900 shares during the last quarter. Manning & Napier Group LLC raised its stake in shares of Mcdonald’s by 5.8% during the fourth quarter. Manning & Napier Group LLC now owns 152,951 shares of the fast-food giant’s stock worth $27,159,000 after purchasing an additional 8,368 shares during the last quarter. Cozad Asset Management Inc. raised its stake in shares of Mcdonald’s by 5.0% during the fourth quarter. Cozad Asset Management Inc. now owns 7,398 shares of the fast-food giant’s stock worth $1,314,000 after purchasing an additional 355 shares during the last quarter. Alphinity Investment Management Pty Ltd purchased a new stake in shares of Mcdonald’s during the third quarter worth approximately $16,552,000. Finally, Cerebellum GP LLC raised its stake in shares of Mcdonald’s by 27.9% during the fourth quarter. Cerebellum GP LLC now owns 1,423 shares of the fast-food giant’s stock worth $253,000 after purchasing an additional 310 shares during the last quarter. 66.86% of the stock is owned by institutional investors and hedge funds.

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In other news, VP Robert Lane Gibbs sold 22,036 shares of the firm’s stock in a transaction on Thursday, January 31st. The stock was sold at an average price of $180.95, for a total value of $3,987,414.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP David Ogden Fairhurst sold 76,411 shares of the firm’s stock in a transaction on Tuesday, February 5th. The shares were sold at an average price of $178.25, for a total value of $13,620,260.75. Following the completion of the transaction, the executive vice president now owns 12,110 shares of the company’s stock, valued at approximately $2,158,607.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 129,775 shares of company stock valued at $23,249,437. Company insiders own 0.22% of the company’s stock.

Several equities research analysts have recently commented on the company. Royal Bank of Canada set a $190.00 price target on Mcdonald’s and gave the stock a “buy” rating in a research note on Tuesday, November 20th. Zacks Investment Research cut Mcdonald’s from a “buy” rating to a “hold” rating in a research note on Friday, December 7th. Wells Fargo & Co increased their price objective on Mcdonald’s from $202.00 to $203.00 and gave the stock an “outperform” rating in a research report on Friday, January 11th. Stephens upgraded Mcdonald’s from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $180.00 to $200.00 in a research report on Tuesday, February 19th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $200.00 price objective on shares of Mcdonald’s in a research report on Tuesday, December 4th. Six investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. Mcdonald’s currently has an average rating of “Buy” and an average target price of $193.43.

Shares of MCD stock opened at $183.36 on Thursday. Mcdonald’s Corp has a fifty-two week low of $146.84 and a fifty-two week high of $190.88. The firm has a market capitalization of $141.21 billion, a PE ratio of 23.21, a PEG ratio of 2.53 and a beta of 0.52.

Mcdonald’s (NYSE:MCD) last announced its quarterly earnings results on Wednesday, January 30th. The fast-food giant reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.07. Mcdonald’s had a negative return on equity of 104.38% and a net margin of 28.18%. The business had revenue of $5.16 billion during the quarter, compared to analysts’ expectations of $5.16 billion. During the same quarter last year, the business posted $1.71 earnings per share. The business’s revenue for the quarter was down 3.3% on a year-over-year basis. As a group, sell-side analysts forecast that Mcdonald’s Corp will post 8.18 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 1st will be given a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date is Thursday, February 28th. Mcdonald’s’s dividend payout ratio is currently 58.73%.

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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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