Bokf Na Purchases 4,469 Shares of Mcdonald’s Corp (MCD)
Bokf Na lifted its position in shares of Mcdonald’s Corp (NYSE:MCD) by 4.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 100,628 shares of the fast-food giant’s stock after purchasing an additional 4,469 shares during the quarter. Bokf Na’s holdings in Mcdonald’s were worth $17,869,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of MCD. Oregon Public Employees Retirement Fund boosted its position in shares of Mcdonald’s by 16,975.1% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 14,998,095 shares of the fast-food giant’s stock worth $84,000 after buying an additional 14,910,259 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Mcdonald’s by 6,582,167.8% during the third quarter. Bank of New York Mellon Corp now owns 7,964,544 shares of the fast-food giant’s stock worth $1,332,390,000 after buying an additional 7,964,423 shares during the period. American International Group Inc. boosted its position in Mcdonald’s by 719.4% during the fourth quarter. American International Group Inc. now owns 2,683,386 shares of the fast-food giant’s stock valued at $476,489,000 after purchasing an additional 2,355,895 shares during the last quarter. Neuberger Berman Group LLC boosted its position in Mcdonald’s by 55.1% during the third quarter. Neuberger Berman Group LLC now owns 2,581,306 shares of the fast-food giant’s stock valued at $431,827,000 after purchasing an additional 917,442 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Mcdonald’s by 7.8% during the fourth quarter. Geode Capital Management LLC now owns 9,441,973 shares of the fast-food giant’s stock valued at $1,673,764,000 after purchasing an additional 683,872 shares during the last quarter. 68.80% of the stock is owned by institutional investors.
Several research analysts recently commented on the company. Zacks Investment Research raised Mcdonald’s from a “sell” rating to a “hold” rating in a research report on Monday. Telsey Advisory Group reissued an “outperform” rating and set a $210.00 price target (up from $195.00) on shares of Mcdonald’s in a research report on Friday, April 5th. Robert W. Baird increased their price target on Mcdonald’s from $196.00 to $205.00 in a research report on Monday, April 1st. Stephens raised Mcdonald’s from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $180.00 to $200.00 in a research report on Tuesday, February 19th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $205.00 price target on shares of Mcdonald’s in a research report on Wednesday, January 30th. Six investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $195.50.
Mcdonald’s (NYSE:MCD) last released its quarterly earnings data on Wednesday, January 30th. The fast-food giant reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.07. The firm had revenue of $5.16 billion for the quarter, compared to analyst estimates of $5.16 billion. Mcdonald’s had a negative return on equity of 104.38% and a net margin of 28.18%. The business’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.71 earnings per share. On average, equities research analysts forecast that Mcdonald’s Corp will post 8.12 EPS for the current fiscal year.
In other Mcdonald’s news, VP Robert Lane Gibbs sold 22,036 shares of the company’s stock in a transaction that occurred 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP David Ogden Fairhurst sold 76,411 shares of the stock in a transaction that occurred on Tuesday, February 5th. The stock was sold at an average price of $178.25, for a total value of $13,620,260.75. Following the transaction, the executive vice president now owns 12,110 shares in the company, valued at approximately $2,158,607.50. The disclosure for this sale can be found here. Insiders sold 129,775 shares of company stock worth $23,249,437 in the last 90 days. Corporate insiders own 0.22% of the company’s stock.
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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.
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