McDonald’s Corporation $MCD Shares Purchased by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH grew its position in shares of McDonald’s Corporation (NYSE:MCDFree Report) by 2.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 217,389 shares of the fast-food giant’s stock after acquiring an additional 5,960 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in McDonald’s were worth $66,062,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of MCD. Brighton Jones LLC raised its stake in McDonald’s by 21.6% during the 4th quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant’s stock valued at $2,692,000 after acquiring an additional 1,649 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of McDonald’s by 2.8% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant’s stock valued at $563,000 after purchasing an additional 52 shares during the period. AlphaQuest LLC bought a new stake in shares of McDonald’s during the first quarter valued at about $34,000. State of Wyoming lifted its holdings in McDonald’s by 2,600.0% in the first quarter. State of Wyoming now owns 243 shares of the fast-food giant’s stock worth $76,000 after purchasing an additional 234 shares during the period. Finally, Calton & Associates Inc. bought a new position in McDonald’s in the 1st quarter valued at about $525,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Trading Down 0.7%

Shares of McDonald’s stock opened at $308.54 on Tuesday. The stock has a market capitalization of $219.73 billion, a price-to-earnings ratio of 26.33, a P/E/G ratio of 3.46 and a beta of 0.52. The firm’s 50-day moving average price is $308.03 and its two-hundred day moving average price is $304.14. McDonald’s Corporation has a 1-year low of $276.53 and a 1-year high of $326.32.

McDonald’s (NYSE:MCDGet Free Report) last announced its earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 EPS for the quarter, missing the consensus estimate of $3.33 by ($0.11). The business had revenue of $7.08 billion during the quarter, compared to analyst estimates of $7.10 billion. McDonald’s had a negative return on equity of 280.89% and a net margin of 32.04%.The firm’s revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.23 earnings per share. As a group, equities research analysts predict that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were paid a $1.86 dividend. This is an increase from McDonald’s’s previous quarterly dividend of $1.77. This represents a $7.44 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Monday, December 1st. McDonald’s’s payout ratio is presently 63.48%.

Analyst Ratings Changes

A number of research firms have commented on MCD. Barclays dropped their price target on shares of McDonald’s from $362.00 to $358.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. BMO Capital Markets restated an “outperform” rating on shares of McDonald’s in a research report on Thursday, November 6th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of McDonald’s in a research note on Wednesday, December 10th. Royal Bank Of Canada began coverage on McDonald’s in a research note on Wednesday, October 8th. They issued a “sector perform” rating and a $320.00 price objective on the stock. Finally, Morgan Stanley set a $335.00 price objective on McDonald’s in a report on Friday, October 17th. Eleven equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $324.57.

Read Our Latest Analysis on McDonald’s

McDonald’s News Summary

Here are the key news stories impacting McDonald’s this week:

Insiders Place Their Bets

In other news, insider Joseph M. Erlinger sold 3,195 shares of the firm’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $305.82, for a total value of $977,094.90. Following the completion of the sale, the insider directly owned 6,088 shares in the company, valued at approximately $1,861,832.16. This trade represents a 34.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Ian Frederick Borden sold 17,134 shares of McDonald’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $310.00, for a total value of $5,311,540.00. Following the completion of the transaction, the chief financial officer directly owned 26,353 shares of the company’s stock, valued at $8,169,430. This represents a 39.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 42,516 shares of company stock worth $13,036,090 over the last ninety days. Company insiders own 0.25% of the company’s stock.

McDonald’s Company Profile

(Free Report)

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.

Further Reading

Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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