San Francisco Sentry Investment Group CA grew its holdings in McDonald's Co. (NYSE:MCD) by 58.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,504 shares of the fast-food giant’s stock after purchasing an additional 2,027 shares during the quarter. San Francisco Sentry Investment Group CA’s holdings in McDonald's were worth $863,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Vantage Financial Partners Ltd. Inc. acquired a new stake in shares of McDonald's in the 2nd quarter valued at approximately $322,000. Horan Capital Advisors LLC. acquired a new stake in shares of McDonald's in the 3rd quarter valued at approximately $104,000. Phocas Financial Corp. acquired a new stake in shares of McDonald's in the 2nd quarter valued at approximately $107,000. Proficio Capital Partners LLC raised its position in shares of McDonald's by 0.7% in the 2nd quarter. Proficio Capital Partners LLC now owns 745 shares of the fast-food giant’s stock valued at $117,000 after acquiring an additional 5 shares during the period. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in shares of McDonald's by 219.2% in the 3rd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 830 shares of the fast-food giant’s stock valued at $130,000 after acquiring an additional 570 shares during the period. 67.53% of the stock is currently owned by institutional investors.
In related news, insider Douglas M. Goare sold 34,575 shares of the firm’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $173.53, for a total value of $5,999,799.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Catherine A. Hoovel sold 1,398 shares of the firm’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $170.54, for a total transaction of $238,414.92. Following the completion of the transaction, the vice president now directly owns 1,398 shares of the company’s stock, valued at $238,414.92. The disclosure for this sale can be found here. Insiders sold 207,550 shares of company stock valued at $35,118,055 over the last three months. 0.24% of the stock is owned by company insiders.
McDonald's (NYSE:MCD) last released its earnings results on Tuesday, January 30th. The fast-food giant reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.12. McDonald's had a net margin of 22.75% and a negative return on equity of 217.17%. The business had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.22 billion. During the same period last year, the business earned $1.44 earnings per share. The firm’s revenue was down 11.4% on a year-over-year basis. research analysts anticipate that McDonald's Co. will post 7.58 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be paid a $1.01 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $4.04 annualized dividend and a dividend yield of 2.44%. McDonald's’s dividend payout ratio is presently 63.52%.
A number of analysts recently weighed in on MCD shares. Jefferies Group upgraded shares of McDonald's from a “hold” rating to a “buy” rating and increased their price target for the company from $150.00 to $200.00 in a research report on Tuesday, December 5th. Goldman Sachs Group set a $173.00 price target on shares of McDonald's and gave the company a “buy” rating in a research report on Wednesday, November 8th. Deutsche Bank set a $185.00 price target on shares of McDonald's and gave the company a “buy” rating in a research report on Thursday, October 26th. Zacks Investment Research upgraded shares of McDonald's from a “hold” rating to a “buy” rating and set a $194.00 price target on the stock in a research report on Tuesday, January 2nd. Finally, Credit Suisse Group increased their price target on shares of McDonald's from $170.00 to $178.00 and gave the company an “outperform” rating in a research report on Wednesday, October 25th. Nine analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $184.95.
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McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.
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