WP Advisors LLC Acquires Shares of 603 Mcdonald’s Corp (MCD)
WP Advisors LLC acquired a new stake in Mcdonald’s Corp (NYSE:MCD) during the first quarter, according to its most recent filing with the SEC. The firm acquired 603 shares of the fast-food giant’s stock, valued at approximately $114,000.
A number of other large investors have also recently bought and sold shares of the stock. Oregon Public Employees Retirement Fund lifted its holdings in Mcdonald’s by 16,975.1% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 14,998,095 shares of the fast-food giant’s stock valued at $84,000 after acquiring an additional 14,910,259 shares during the period. Norges Bank purchased a new stake in Mcdonald’s in the 4th quarter valued at about $1,326,793,000. FMR LLC grew its holdings in Mcdonald’s by 15.3% in the 4th quarter. FMR LLC now owns 21,356,753 shares of the fast-food giant’s stock valued at $3,792,318,000 after buying an additional 2,831,716 shares during the period. American International Group Inc. grew its holdings in Mcdonald’s by 719.4% in the 4th quarter. American International Group Inc. now owns 2,683,386 shares of the fast-food giant’s stock valued at $476,489,000 after buying an additional 2,355,895 shares during the period. Finally, Two Sigma Advisers LP grew its holdings in Mcdonald’s by 3,751.7% in the 4th quarter. Two Sigma Advisers LP now owns 1,416,065 shares of the fast-food giant’s stock valued at $251,451,000 after buying an additional 1,379,300 shares during the period. Hedge funds and other institutional investors own 68.11% of the company’s stock.
Shares of NYSE:MCD traded down $1.20 on Friday, hitting $197.77. The company’s stock had a trading volume of 2,104,919 shares, compared to its average volume of 2,762,015. Mcdonald’s Corp has a 12 month low of $153.13 and a 12 month high of $201.15. The stock has a market cap of $151.01 billion, a price-to-earnings ratio of 25.03, a PEG ratio of 2.79 and a beta of 0.54.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be issued a $1.16 dividend. The ex-dividend date is Friday, May 31st. This represents a $4.64 annualized dividend and a dividend yield of 2.35%. Mcdonald’s’s dividend payout ratio (DPR) is 58.73%.
Several research firms have commented on MCD. Zacks Investment Research cut Mcdonald’s from a “hold” rating to a “sell” rating in a report on Tuesday, April 2nd. JPMorgan Chase & Co. lifted their price target on Mcdonald’s from $182.00 to $195.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. KeyCorp lifted their price target on Mcdonald’s from $195.00 to $215.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Robert W. Baird lifted their price target on Mcdonald’s from $196.00 to $205.00 in a report on Monday, April 1st. Finally, BTIG Research boosted their target price on Mcdonald’s to $220.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Seven analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $202.39.
In other news, insider Ian Frederick Borden sold 4,149 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $199.22, for a total value of $826,563.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jerome N. Krulewitch sold 20,641 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $196.40, for a total value of $4,053,892.40. Following the completion of the sale, the executive vice president now owns 20,641 shares of the company’s stock, valued at approximately $4,053,892.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 104,449 shares of company stock valued at $20,458,931. Insiders own 0.25% 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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