Means Investment CO. Inc. grew its stake in Mcdonald’s Corp (NYSE:MCD) by 14.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,009 shares of the fast-food giant’s stock after purchasing an additional 1,273 shares during the period. Means Investment CO. Inc.’s holdings in Mcdonald’s were worth $1,901,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Ruggie Capital Group raised its holdings in Mcdonald’s by 3,020.0% during the 4th quarter. Ruggie Capital Group now owns 156 shares of the fast-food giant’s stock worth $28,000 after purchasing an additional 151 shares during the last quarter. Gantzert Investment Co. LLC ADV bought a new stake in shares of Mcdonald’s in the 4th quarter valued at $31,000. Aspire Private Capital LLC bought a new stake in shares of Mcdonald’s in the 4th quarter valued at $32,000. Focused Wealth Management Inc increased its stake in shares of Mcdonald’s by 4,500.0% in the 4th quarter. Focused Wealth Management Inc now owns 184 shares of the fast-food giant’s stock valued at $33,000 after acquiring an additional 180 shares in the last quarter. Finally, Canton Hathaway LLC bought a new stake in shares of Mcdonald’s in the 1st quarter valued at $35,000. Institutional investors own 67.78% of the company’s stock.

Shares of NYSE:MCD opened at $197.77 on Monday. The stock has a market capitalization of $151.01 billion, a P/E ratio of 25.03, a P/E/G ratio of 2.77 and a beta of 0.54. Mcdonald’s Corp has a fifty-two week low of $153.13 and a fifty-two week high of $201.15.

Mcdonald’s (NYSE:MCD) last issued its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $1.72 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.73 by ($0.01). Mcdonald’s had a negative return on equity of 95.31% and a net margin of 28.20%. The company had revenue of $4.96 billion during the quarter, compared to analysts’ expectations of $4.94 billion. During the same period last year, the firm posted $1.79 earnings per share. Mcdonald’s’s quarterly revenue was down 3.6% compared to the same quarter last year. As a group, analysts predict that Mcdonald’s Corp will post 8.04 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date is Friday, May 31st. Mcdonald’s’s dividend payout ratio is currently 58.73%.

Several analysts recently issued reports on the stock. Mizuho lifted their price target on shares of Mcdonald’s from $204.00 to $215.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Barclays lifted their price target on shares of Mcdonald’s from $208.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. BTIG Research lifted their price target on shares of Mcdonald’s to $220.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. SunTrust Banks lifted their price target on shares of Mcdonald’s to $230.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Finally, Bank of America lifted their price target on shares of Mcdonald’s from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Seven investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. Mcdonald’s presently has a consensus rating of “Buy” and an average target price of $202.39.

In other news, insider Christopher J. Kempczinski sold 38,729 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $195.21, for a total transaction of $7,560,288.09. Following the sale, the insider now directly owns 11,658 shares in the company, valued at $2,275,758.18. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Ian Frederick Borden sold 4,149 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $199.22, for a total value of $826,563.78. The disclosure for this sale can be found here. Insiders sold a total of 104,449 shares of company stock worth $20,458,931 over the last 90 days. 0.25% of the stock is currently owned by company insiders.

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Mcdonald’s Company Profile

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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Institutional Ownership by Quarter for Mcdonald`s (NYSE:MCD)

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