King Wealth increased its stake in Mcdonald’s Corp (NYSE:MCD) by 0.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,118 shares of the fast-food giant’s stock after acquiring an additional 297 shares during the period. Mcdonald’s makes up approximately 3.4% of King Wealth’s investment portfolio, making the stock its 9th biggest position. King Wealth’s holdings in Mcdonald’s were worth $7,791,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Covenant Multifamily Offices LLC purchased a new position in shares of Mcdonald’s during the fourth quarter valued at approximately $27,000. PrairieView Partners LLC purchased a new stake in shares of Mcdonald’s in the first quarter valued at approximately $33,000. Knuff & Co LLC purchased a new stake in shares of Mcdonald’s in the fourth quarter valued at approximately $40,000. CBIZ Investment Advisory Services LLC purchased a new stake in shares of Mcdonald’s in the fourth quarter valued at approximately $40,000. Finally, Stephenson National Bank & Trust purchased a new stake in shares of Mcdonald’s in the fourth quarter valued at approximately $40,000. Institutional investors own 67.21% of the company’s stock.
Mcdonald’s stock traded down $1.11 during midday trading on Tuesday, hitting $186.30. 86,114 shares of the company were exchanged, compared to its average volume of 3,827,140. The business has a fifty day simple moving average of $182.39 and a two-hundred day simple moving average of $192.04. The firm has a market capitalization of $138.54 billion, a PE ratio of 24.45, a price-to-earnings-growth ratio of 4.62 and a beta of 0.66. Mcdonald’s Corp has a fifty-two week low of $124.23 and a fifty-two week high of $221.93.
Mcdonald’s (NYSE:MCD) last announced its quarterly earnings results on Thursday, April 30th. The fast-food giant reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.12). The company had revenue of $4.71 billion for the quarter, compared to analysts’ expectations of $4.66 billion. Mcdonald’s had a net margin of 27.86% and a negative return on equity of 70.25%. The firm’s revenue was down 6.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.78 earnings per share. Equities research analysts expect that Mcdonald’s Corp will post 5.5 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.68%. The ex-dividend date of this dividend is Friday, May 29th. Mcdonald’s’s dividend payout ratio is currently 63.78%.
A number of brokerages recently issued reports on MCD. Sanford C. Bernstein reiterated a “buy” rating and issued a $230.00 price target on shares of Mcdonald’s in a report on Friday, May 1st. Tigress Financial upgraded Mcdonald’s from a “neutral” rating to a “buy” rating in a report on Thursday, March 12th. UBS Group reduced their price objective on shares of Mcdonald’s from $212.00 to $191.00 and set a “neutral” rating for the company in a research note on Thursday, April 9th. Jefferies Financial Group boosted their price objective on shares of Mcdonald’s from $175.00 to $208.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Finally, Piper Sandler reduced their price objective on shares of Mcdonald’s from $195.00 to $170.00 and set a “neutral” rating for the company in a research note on Tuesday, April 7th. Eight equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $208.21.
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.
Recommended Story: Gross Domestic Product (GDP)
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.