Kistler Tiffany Companies LLC trimmed its position in shares of McDonald's Co. (NYSE:MCD) by 7.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,966 shares of the fast-food giant’s stock after selling 301 shares during the period. Kistler Tiffany Companies LLC’s holdings in McDonald's were worth $683,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in the company. Teacher Retirement System of Texas increased its holdings in McDonald's by 10.6% in the 2nd quarter. Teacher Retirement System of Texas now owns 467,212 shares of the fast-food giant’s stock valued at $71,558,000 after acquiring an additional 44,899 shares during the last quarter. Tredje AP fonden increased its holdings in McDonald's by 26.7% in the 2nd quarter. Tredje AP fonden now owns 120,490 shares of the fast-food giant’s stock valued at $18,454,000 after acquiring an additional 25,380 shares during the last quarter. Beaton Management Co. Inc. bought a new stake in McDonald's in the 2nd quarter valued at $555,000. Buckingham Asset Management LLC increased its holdings in McDonald's by 157.5% in the 2nd quarter. Buckingham Asset Management LLC now owns 18,973 shares of the fast-food giant’s stock valued at $2,906,000 after acquiring an additional 11,604 shares during the last quarter. Finally, Navellier & Associates Inc increased its holdings in McDonald's by 47.7% in the 2nd quarter. Navellier & Associates Inc now owns 25,400 shares of the fast-food giant’s stock valued at $3,890,000 after acquiring an additional 8,200 shares during the last quarter. Hedge funds and other institutional investors own 67.23% of the company’s stock.
In related news, VP Catherine A. Hoovel sold 1,398 shares of McDonald's stock in a transaction dated 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 approximately $238,414.92. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Douglas M. Goare sold 34,575 shares of McDonald's stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $173.53, for a total transaction of $5,999,799.75. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by insiders.
McDonald's Co. (NYSE:MCD) opened at $157.16 on Wednesday. McDonald's Co. has a 52 week low of $126.40 and a 52 week high of $178.70. The company has a current ratio of 1.28, a quick ratio of 1.27 and a debt-to-equity ratio of -8.17. The company has a market cap of $125,290.00, a PE ratio of 24.71, a P/E/G ratio of 2.29 and a beta of 0.59.
McDonald's (NYSE:MCD) last released its quarterly earnings results on Tuesday, January 30th. The fast-food giant reported $1.71 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.22 billion. During the same period in the previous year, the company earned $1.44 EPS. The firm’s revenue for the quarter was down 11.4% compared to the same quarter last year. analysts predict that McDonald's Co. will post 7.65 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be paid a dividend of $1.01 per share. The ex-dividend date is Wednesday, February 28th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.57%. McDonald's’s dividend payout ratio is presently 63.52%.
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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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