SlateStone Wealth LLC grew its holdings in Mcdonald’s Corp (NYSE:MCD) by 26.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,082 shares of the fast-food giant’s stock after acquiring an additional 2,557 shares during the period. SlateStone Wealth LLC’s holdings in Mcdonald’s were worth $2,388,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Covenant Multifamily Offices LLC bought a new stake in shares of Mcdonald’s during the 4th quarter worth $27,000. Litman Gregory Asset Management LLC boosted its holdings in shares of Mcdonald’s by 102.7% during the 4th quarter. Litman Gregory Asset Management LLC now owns 148 shares of the fast-food giant’s stock worth $29,000 after buying an additional 75 shares during the period. Garrett Wealth Advisory Group LLC bought a new stake in shares of Mcdonald’s during the 3rd quarter worth $30,000. Prime Capital Investment Advisors LLC bought a new stake in shares of Mcdonald’s during the 3rd quarter worth $30,000. Finally, Quantum Capital Management bought a new stake in shares of Mcdonald’s during the 3rd quarter worth $35,000. 67.12% of the stock is owned by institutional investors.

In other news, EVP Francesca A. Debiase sold 14,026 shares of the stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $213.71, for a total value of $2,997,496.46. Following the completion of the transaction, the executive vice president now owns 19,067 shares in the company, valued at approximately $4,074,808.57. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Daniel Henry sold 3,035 shares of the stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $215.54, for a total transaction of $654,163.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,616 shares of company stock valued at $4,198,430. Corporate insiders own 0.25% of the company’s stock.

Several analysts recently issued reports on the stock. Credit Suisse Group decreased their price objective on shares of Mcdonald’s from $236.00 to $230.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Robert W. Baird reaffirmed an “outperform” rating and set a $230.00 price objective (up from $218.00) on shares of Mcdonald’s in a report on Thursday, January 30th. Telsey Advisory Group upped their price objective on shares of Mcdonald’s from $220.00 to $228.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Royal Bank of Canada reaffirmed a “buy” rating and set a $235.00 price objective on shares of Mcdonald’s in a report on Thursday, January 30th. Finally, Bank of America reaffirmed a “buy” rating and set a $240.00 price objective on shares of Mcdonald’s in a report on Thursday, January 30th. Nine investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $226.82.

Mcdonald’s stock traded down $0.33 during mid-day trading on Friday, reaching $217.09. The company had a trading volume of 1,719,889 shares, compared to its average volume of 3,389,006. Mcdonald’s Corp has a 52 week low of $177.01 and a 52 week high of $221.93. The company has a 50 day moving average of $208.09 and a 200-day moving average of $206.46. The firm has a market cap of $163.77 billion, a price-to-earnings ratio of 27.55, a PEG ratio of 2.82 and a beta of 0.43.

Mcdonald’s (NYSE:MCD) last issued its quarterly earnings results on Wednesday, January 29th. The fast-food giant reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $0.01. Mcdonald’s had a net margin of 28.59% and a negative return on equity of 79.57%. The firm had revenue of $5.35 billion during the quarter, compared to the consensus estimate of $5.30 billion. During the same period in the prior year, the firm earned $1.97 EPS. The business’s revenue was up 3.6% on a year-over-year basis. On average, equities research analysts predict that Mcdonald’s Corp will post 8.54 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date is Friday, February 28th. Mcdonald’s’s dividend payout ratio is 63.78%.

About Mcdonald’s

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.

Further Reading: How is the LIBOR rate calculated?

Want to see what other hedge funds are holding MCD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mcdonald’s Corp (NYSE:MCD).

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

Receive News & Ratings for Mcdonald's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mcdonald's and related companies with MarketBeat.com's FREE daily email newsletter.