Argus Investors Counsel Inc. Sells 859 Shares of McDonald's Co. (MCD)
Argus Investors Counsel Inc. lowered its stake in shares of McDonald's Co. (NYSE:MCD) by 3.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,752 shares of the fast-food giant’s stock after selling 859 shares during the quarter. McDonald's accounts for 2.1% of Argus Investors Counsel Inc.’s investment portfolio, making the stock its 15th largest holding. Argus Investors Counsel Inc.’s holdings in McDonald's were worth $4,605,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently made changes to their positions in MCD. Horan Capital Advisors LLC. bought a new position in McDonald's in the 3rd quarter valued at $104,000. Phocas Financial Corp. bought a new position in McDonald's in the 2nd quarter valued at $107,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its stake 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 purchasing an additional 570 shares during the period. Howe & Rusling Inc. grew its stake in McDonald's by 75.0% in the 3rd quarter. Howe & Rusling Inc. now owns 840 shares of the fast-food giant’s stock valued at $132,000 after purchasing an additional 360 shares during the period. Finally, Acrospire Investment Management LLC bought a new position in McDonald's in the 2nd quarter valued at $153,000. Institutional investors and hedge funds own 67.23% of the company’s stock.
A number of research analysts have issued reports on MCD shares. Robert W. Baird set a $190.00 price objective on McDonald's and gave the company a “buy” rating in a research note on Tuesday, January 2nd. Nomura set a $190.00 price target on McDonald's and gave the company a “buy” rating in a research report on Tuesday, January 2nd. Zacks Investment Research raised McDonald's from a “hold” rating to a “buy” rating and set a $194.00 price target on the stock in a research report on Tuesday, January 2nd. Royal Bank of Canada set a $190.00 price target on McDonald's and gave the company a “buy” rating in a research report on Tuesday, January 2nd. Finally, Goldman Sachs Group set a $173.00 price target on McDonald's and gave the company a “buy” rating in a research report on Wednesday, November 8th. Nine research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $184.28.
McDonald's (NYSE:MCD) last announced its earnings results 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 201.76% and a net margin of 22.75%. The company’s quarterly revenue was down 11.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.44 EPS. analysts expect that McDonald's Co. will post 7.65 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be paid a $1.01 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $4.04 dividend on an annualized basis and a yield of 2.72%. McDonald's’s dividend payout ratio is currently 51.46%.
In other McDonald's news, insider Douglas M. Goare sold 34,575 shares of the company’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $173.53, for a total value of $5,999,799.75. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Catherine A. Hoovel sold 1,398 shares of the company’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $170.54, for a total value of $238,414.92. Following the completion of the transaction, the vice president now owns 1,398 shares in the company, valued at $238,414.92. The disclosure for this sale can be found here. 0.24% of the stock is owned by corporate insiders.
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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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