Callahan Advisors LLC Trims Position in McDonald's Co. (MCD)
Callahan Advisors LLC reduced its holdings in shares of McDonald's Co. (NYSE:MCD) by 4.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,852 shares of the fast-food giant’s stock after selling 3,623 shares during the period. McDonald's makes up 2.5% of Callahan Advisors LLC’s holdings, making the stock its 7th largest position. Callahan Advisors LLC’s holdings in McDonald's were worth $12,367,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in MCD. Janus Henderson Group PLC increased its position in McDonald's by 3,951.0% during the 2nd quarter. Janus Henderson Group PLC now owns 4,422,423 shares of the fast-food giant’s stock valued at $677,339,000 after buying an additional 4,313,253 shares in the last quarter. FMR LLC increased its position in McDonald's by 72.9% during the 2nd quarter. FMR LLC now owns 8,371,823 shares of the fast-food giant’s stock valued at $1,282,229,000 after buying an additional 3,530,622 shares in the last quarter. Alliancebernstein L.P. increased its position in McDonald's by 69.9% during the 2nd quarter. Alliancebernstein L.P. now owns 7,558,294 shares of the fast-food giant’s stock valued at $1,157,628,000 after buying an additional 3,110,669 shares in the last quarter. Jennison Associates LLC increased its position in McDonald's by 26.5% during the 4th quarter. Jennison Associates LLC now owns 8,820,228 shares of the fast-food giant’s stock valued at $1,518,138,000 after buying an additional 1,848,111 shares in the last quarter. Finally, BlackRock Inc. increased its position in McDonald's by 3.0% during the 2nd quarter. BlackRock Inc. now owns 54,606,388 shares of the fast-food giant’s stock valued at $8,363,515,000 after buying an additional 1,586,761 shares in the last quarter. 68.59% of the stock is currently owned by institutional investors.
Several research analysts recently issued reports on MCD shares. Zacks Investment Research raised McDonald's from a “hold” rating to a “buy” rating and set a $196.00 target price on the stock in a research report on Thursday, January 18th. Stifel Nicolaus set a $172.00 price target on McDonald's and gave the company a “neutral” rating in a research note on Wednesday, January 3rd. Piper Jaffray Companies boosted their price target on McDonald's from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, December 14th. Goldman Sachs Group set a $200.00 price target on McDonald's and gave the company a “buy” rating in a research note on Friday, January 19th. Finally, Credit Suisse Group reiterated an “outperform” rating and set a $175.00 price target (down previously from $191.00) on shares of McDonald's in a research note on Tuesday, March 6th. Nine analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $183.02.
McDonald's (NYSE:MCD) last issued its quarterly earnings results on Tuesday, January 30th. The fast-food giant reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.12. The company had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.22 billion. McDonald's had a negative return on equity of 201.76% and a net margin of 22.75%. McDonald's’s revenue for the quarter was down 11.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.44 earnings per share. equities analysts forecast that McDonald's Co. will post 7.63 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be given a dividend of $1.01 per share. 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 2.55%. McDonald's’s dividend payout ratio is currently 55.88%.
In other McDonald's news, insider Douglas M. Goare sold 34,575 shares of the stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $173.53, for a total transaction of $5,999,799.75. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Catherine A. Hoovel sold 1,398 shares of the stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $170.54, for a total value of $238,414.92. Following the transaction, the vice president now owns 1,398 shares in the company, valued at approximately $238,414.92. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.
McDonald's Company Profile
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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