Archford Capital Strategies LLC reduced its stake in Mcdonald’s Corp (NYSE:MCD) by 1.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,648 shares of the fast-food giant’s stock after selling 131 shares during the quarter. Mcdonald’s comprises approximately 0.9% of Archford Capital Strategies LLC’s portfolio, making the stock its 27th biggest holding. Archford Capital Strategies LLC’s holdings in Mcdonald’s were worth $2,246,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently modified their holdings of the company. Ruggie Capital Group lifted its position in shares of Mcdonald’s by 3,020.0% in the fourth quarter. Ruggie Capital Group now owns 156 shares of the fast-food giant’s stock valued at $28,000 after acquiring an additional 151 shares in the last quarter. Gantzert Investment Co. LLC ADV acquired a new position in Mcdonald’s in the fourth quarter valued at $31,000. Focused Wealth Management Inc increased its stake in Mcdonald’s by 4,500.0% in the fourth quarter. Focused Wealth Management Inc now owns 184 shares of the fast-food giant’s stock valued at $33,000 after purchasing an additional 180 shares during the last quarter. Highwater Wealth Management LLC acquired a new position in Mcdonald’s in the fourth quarter valued at $38,000. Finally, Strategic Wealth Partners Ltd. increased its stake in Mcdonald’s by 47.9% in the fourth quarter. Strategic Wealth Partners Ltd. now owns 207 shares of the fast-food giant’s stock valued at $38,000 after purchasing an additional 67 shares during the last quarter. Institutional investors and hedge funds own 69.00% of the company’s stock.
MCD has been the subject of several analyst reports. Robert W. Baird upped their target price on Mcdonald’s from $196.00 to $205.00 in a research note on Monday, April 1st. BTIG Research upped their price target on Mcdonald’s to $220.00 and gave the stock a “buy” rating in a research note on Wednesday. SunTrust Banks upped their price target on Mcdonald’s to $230.00 and gave the stock a “buy” rating in a research note on Wednesday. Bank of America increased their target price on Mcdonald’s from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $205.00 target price on shares of Mcdonald’s in a research note on Wednesday, January 30th. Seven analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. Mcdonald’s presently has an average rating of “Buy” and a consensus target price of $202.39.
NYSE:MCD traded up $2.91 during trading hours on Friday, reaching $197.52. 2,896,785 shares of the stock were exchanged, compared to its average volume of 3,333,696. Mcdonald’s Corp has a 52 week low of $153.13 and a 52 week high of $200.00. The company has a market cap of $150.81 billion, a PE ratio of 25.00, a P/E/G ratio of 2.78 and a beta of 0.54.
Mcdonald’s (NYSE:MCD) last released its earnings results on Tuesday, April 30th. The fast-food giant reported $1.72 EPS for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.01). Mcdonald’s had a negative return on equity of 96.25% and a net margin of 28.20%. The firm had revenue of $4.96 billion for the quarter, compared to the consensus estimate of $4.94 billion. During the same period in the prior year, the business earned $1.79 EPS. The company’s quarterly revenue was down 3.6% on a year-over-year basis. Analysts anticipate that Mcdonald’s Corp will post 8.09 earnings per share for the current fiscal year.
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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, 2018, the company operated 37,855 restaurants, including 35,085 franchised restaurants comprising 21,685 franchised to conventional franchisees, 7,225 licensed to developmental licensees, and 6,175 licensed to foreign affiliates; and 2,770 company-operated restaurants.
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