First Allied Advisory Services Inc. Grows Position in McDonald's Co. (MCD)
First Allied Advisory Services Inc. increased its position in shares of McDonald's Co. (NYSE:MCD) by 2.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,006 shares of the fast-food giant’s stock after purchasing an additional 478 shares during the period. First Allied Advisory Services Inc.’s holdings in McDonald's were worth $3,610,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in the stock. Vantage Financial Partners Ltd. Inc. acquired a new position in McDonald's in the 2nd quarter valued at $322,000. Horan Capital Advisors LLC. acquired a new position in McDonald's in the 3rd quarter valued at $104,000. Phocas Financial Corp. acquired a new position in McDonald's in the 2nd quarter valued at $107,000. Proficio Capital Partners LLC raised its holdings in McDonald's by 0.7% in the 2nd quarter. Proficio Capital Partners LLC now owns 745 shares of the fast-food giant’s stock valued at $117,000 after acquiring an additional 5 shares in the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. raised its holdings in McDonald's by 219.2% in the 3rd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 830 shares of the fast-food giant’s stock valued at $130,000 after acquiring an additional 570 shares in the last quarter. 67.53% of the stock is owned by institutional investors and hedge funds.
MCD has been the subject of several analyst reports. Jefferies Group raised McDonald's from a “hold” rating to a “buy” rating and lifted their price objective for the company from $150.00 to $200.00 in a report on Tuesday, December 5th. Goldman Sachs Group set a $173.00 price objective on McDonald's and gave the company a “buy” rating in a report on Wednesday, November 8th. Deutsche Bank set a $185.00 price objective on McDonald's and gave the company a “buy” rating in a report on Thursday, October 26th. Zacks Investment Research raised McDonald's from a “hold” rating to a “buy” rating and set a $194.00 price objective for the company in a report on Tuesday, January 2nd. Finally, Credit Suisse Group lifted their price objective on McDonald's from $170.00 to $178.00 and gave the company an “outperform” rating in a report on Wednesday, October 25th. Nine investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. McDonald's currently has an average rating of “Buy” and an average target price of $184.95.
Shares of McDonald's Co. (NYSE:MCD) opened at $160.80 on Monday. The firm has a market capitalization of $130,250.00, a price-to-earnings ratio of 25.28, a P/E/G ratio of 2.36 and a beta of 0.59. McDonald's Co. has a 52-week low of $124.52 and a 52-week high of $178.70. The company has a current ratio of 1.28, a quick ratio of 1.27 and a debt-to-equity ratio of -8.17.
McDonald's (NYSE:MCD) last issued its quarterly earnings data on Tuesday, January 30th. The fast-food giant reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.12. The business had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.22 billion. McDonald's had a negative return on equity of 217.17% and a net margin of 22.75%. McDonald's’s quarterly revenue was down 11.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.44 EPS. analysts forecast that McDonald's Co. will post 7.58 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be given a dividend of $1.01 per share. The ex-dividend date is Wednesday, February 28th. This represents a $4.04 dividend on an annualized basis and a yield of 2.51%. McDonald's’s dividend payout ratio is currently 63.52%.
McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.
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