Northstar Investment Advisors LLC Raises Stake in Mcdonald’s Corp (MCD)

Northstar Investment Advisors LLC grew its holdings in shares of Mcdonald’s Corp (NYSE:MCD) by 0.6% during the third quarter, HoldingsChannel.com reports. The firm owned 84,629 shares of the fast-food giant’s stock after buying an additional 467 shares during the quarter. Mcdonald’s accounts for approximately 2.8% of Northstar Investment Advisors LLC’s portfolio, making the stock its 5th biggest position. Northstar Investment Advisors LLC’s holdings in Mcdonald’s were worth $14,158,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of MCD. Davis R M Inc. grew its holdings in Mcdonald’s by 5.5% during the third quarter. Davis R M Inc. now owns 18,193 shares of the fast-food giant’s stock worth $3,044,000 after acquiring an additional 954 shares during the period. Independence Bank of Kentucky boosted its position in shares of Mcdonald’s by 26.5% in the 3rd quarter. Independence Bank of Kentucky now owns 1,598 shares of the fast-food giant’s stock valued at $267,000 after purchasing an additional 335 shares during the period. Howard Capital Management boosted its position in shares of Mcdonald’s by 1.7% in the 3rd quarter. Howard Capital Management now owns 18,127 shares of the fast-food giant’s stock valued at $3,032,000 after purchasing an additional 300 shares during the period. Alta Capital Management LLC boosted its position in shares of Mcdonald’s by 7.5% in the 3rd quarter. Alta Capital Management LLC now owns 11,511 shares of the fast-food giant’s stock valued at $1,925,000 after purchasing an additional 801 shares during the period. Finally, Bogart Wealth LLC boosted its position in shares of Mcdonald’s by 11.5% in the 3rd quarter. Bogart Wealth LLC now owns 5,581 shares of the fast-food giant’s stock valued at $934,000 after purchasing an additional 575 shares during the period. 66.98% of the stock is currently owned by institutional investors.

Shares of Mcdonald’s stock traded down $0.39 during trading on Thursday, hitting $166.38. 131,665 shares of the stock traded hands, compared to its average volume of 4,032,431. The firm has a market cap of $129.78 billion, a price-to-earnings ratio of 25.06, a P/E/G ratio of 2.49 and a beta of 0.66. The company has a debt-to-equity ratio of -5.24, a current ratio of 1.47 and a quick ratio of 1.45. Mcdonald’s Corp has a twelve month low of $146.84 and a twelve month high of $178.70.

Mcdonald’s (NYSE:MCD) last announced its quarterly earnings results on Thursday, July 26th. The fast-food giant reported $1.99 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.92 by $0.07. The business had revenue of $5.35 billion during the quarter, compared to analyst estimates of $5.32 billion. Mcdonald’s had a negative return on equity of 133.89% and a net margin of 25.26%. The firm’s revenue was down 11.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.73 EPS. As a group, equities research analysts predict that Mcdonald’s Corp will post 7.65 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Monday, December 3rd will be issued a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 2.79%. This is a positive change from Mcdonald’s’s previous quarterly dividend of $1.01. The ex-dividend date is Friday, November 30th. Mcdonald’s’s payout ratio is currently 60.66%.

A number of research firms recently weighed in on MCD. ValuEngine upgraded Mcdonald’s from a “hold” rating to a “buy” rating in a research report on Thursday, October 11th. Wells Fargo & Co restated a “buy” rating and set a $185.00 price objective on shares of Mcdonald’s in a research report on Thursday, June 21st. Telsey Advisory Group decreased their price objective on Mcdonald’s from $190.00 to $175.00 and set an “outperform” rating for the company in a research report on Friday, July 27th. Stifel Nicolaus restated a “neutral” rating and set a $168.00 price objective on shares of Mcdonald’s in a research report on Monday, July 16th. Finally, Imperial Capital decreased their price objective on Mcdonald’s from $190.00 to $175.00 and set an “outperform” rating for the company in a research report on Friday, July 27th. Seven analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $183.29.

Mcdonald’s 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.

Featured Story: The risks of owning bonds

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.

Leave a Reply