Benedict Financial Advisors Inc. lowered its holdings in shares of Mcdonald’s Corp (NYSE:MCD) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,903 shares of the fast-food giant’s stock after selling 516 shares during the quarter. Mcdonald’s makes up 2.5% of Benedict Financial Advisors Inc.’s portfolio, making the stock its 7th biggest holding. Benedict Financial Advisors Inc.’s holdings in Mcdonald’s were worth $5,132,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Highwater Wealth Management LLC purchased a new position in Mcdonald’s during the 4th quarter valued at approximately $38,000. Strategic Wealth Partners Ltd. grew its holdings in Mcdonald’s by 47.9% during the 4th quarter. Strategic Wealth Partners Ltd. now owns 207 shares of the fast-food giant’s stock valued at $38,000 after buying an additional 67 shares in the last quarter. New Capital Management LP grew its holdings in Mcdonald’s by 33.1% during the 4th quarter. New Capital Management LP now owns 221 shares of the fast-food giant’s stock valued at $39,000 after buying an additional 55 shares in the last quarter. Tower View Investment Management & Research LLC grew its holdings in Mcdonald’s by 20.6% during the 4th quarter. Tower View Investment Management & Research LLC now owns 375 shares of the fast-food giant’s stock valued at $67,000 after buying an additional 64 shares in the last quarter. Finally, NuWave Investment Management LLC grew its holdings in Mcdonald’s by 2,485.2% during the 3rd quarter. NuWave Investment Management LLC now owns 698 shares of the fast-food giant’s stock valued at $117,000 after buying an additional 671 shares in the last quarter. Hedge funds and other institutional investors own 69.20% of the company’s stock.
Get Mcdonald's alerts:Shares of MCD stock opened at $179.97 on Tuesday. Mcdonald’s Corp has a 52-week low of $146.84 and a 52-week high of $190.88. The company has a market cap of $138.74 billion, a P/E ratio of 22.78, a price-to-earnings-growth ratio of 2.41 and a beta of 0.52.
Mcdonald’s (NYSE:MCD) last issued its quarterly earnings results on Wednesday, January 30th. The fast-food giant reported $1.97 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.90 by $0.07. Mcdonald’s had a negative return on equity of 104.38% and a net margin of 28.18%. The firm had revenue of $5.16 billion during the quarter, compared to analyst estimates of $5.16 billion. During the same period last year, the company earned $1.71 EPS. Mcdonald’s’s quarterly revenue was down 3.3% compared to the same quarter last year. On average, analysts anticipate that Mcdonald’s Corp will post 8.18 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Friday, March 1st will be paid a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend is Thursday, February 28th. Mcdonald’s’s dividend payout ratio is currently 58.73%.
Several research firms have weighed in on MCD. Zacks Investment Research upgraded Mcdonald’s from a “hold” rating to a “buy” rating and set a $208.00 price target for the company in a report on Wednesday, December 5th. Robert W. Baird restated a “buy” rating and set a $200.00 price target on shares of Mcdonald’s in a report on Wednesday, October 24th. Morningstar set a $190.00 price target on Mcdonald’s and gave the company a “neutral” rating in a report on Wednesday, October 24th. SunTrust Banks raised their price target on Mcdonald’s to $200.00 and gave the company a “buy” rating in a report on Wednesday, October 24th. Finally, Piper Jaffray Companies raised their price objective on Mcdonald’s to $194.00 and gave the company an “overweight” rating in a research note on Wednesday, November 28th. Seven analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. Mcdonald’s presently has an average rating of “Buy” and an average target price of $192.35.
In other Mcdonald’s news, VP Robert Lane Gibbs sold 22,036 shares of Mcdonald’s stock in a transaction on Thursday, January 31st. The stock was sold at an average price of $180.95, for a total transaction of $3,987,414.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Andrew J. Mckenna sold 30,000 shares of Mcdonald’s stock in a transaction on Thursday, January 31st. The shares were sold at an average price of $180.27, for a total value of $5,408,100.00. The disclosure for this sale can be found here. Insiders have sold a total of 129,775 shares of company stock valued at $23,249,437 over the last three months. 0.22% of the stock is owned by corporate insiders.
ILLEGAL ACTIVITY NOTICE: This piece was posted by Ticker Report and is owned by of Ticker Report. If you are reading this piece on another site, it was stolen and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this piece can be read at https://www.tickerreport.com/banking-finance/4162804/mcdonalds-corp-mcd-position-lessened-by-benedict-financial-advisors-inc.html.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, 2017, the company operated 37,241 restaurants, including 34,108 franchised restaurants comprising 21,366 franchised to conventional franchisees, 6,945 licensed to developmental licensees, and 5,797 licensed to foreign affiliates; and 3,133 company-operated restaurants.
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