L & S Advisors Inc grew its position in Mcdonald’s Corp (NYSE:MCD) by 415.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 41,519 shares of the fast-food giant’s stock after buying an additional 33,466 shares during the period. Mcdonald’s accounts for approximately 1.4% of L & S Advisors Inc’s investment portfolio, making the stock its 10th largest holding. L & S Advisors Inc’s holdings in Mcdonald’s were worth $7,373,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lido Advisors LLC grew its stake in shares of Mcdonald’s by 46.4% during the fourth quarter. Lido Advisors LLC now owns 10,228 shares of the fast-food giant’s stock worth $1,816,000 after purchasing an additional 3,243 shares during the period. Lehman & Derafelo Financial Resources LLC acquired a new stake in shares of Mcdonald’s during the fourth quarter worth $242,000. Change Path LLC acquired a new stake in shares of Mcdonald’s during the fourth quarter worth $233,000. Mackay Shields LLC grew its stake in shares of Mcdonald’s by 12.6% during the fourth quarter. Mackay Shields LLC now owns 159,541 shares of the fast-food giant’s stock worth $28,330,000 after purchasing an additional 17,854 shares during the period. Finally, Dana Investment Advisors Inc. grew its stake in shares of Mcdonald’s by 4.2% during the fourth quarter. Dana Investment Advisors Inc. now owns 12,064 shares of the fast-food giant’s stock worth $2,142,000 after purchasing an additional 487 shares during the period. 68.87% of the stock is owned by institutional investors.
A number of equities research analysts recently commented on the company. BTIG Research lifted their price objective on Mcdonald’s to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. SunTrust Banks lifted their price objective on Mcdonald’s to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Bank of America lifted their price objective on Mcdonald’s from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Longbow Research cut Mcdonald’s from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $200.00 to $197.00 in a research note on Wednesday, May 1st. They noted that the move was a valuation call. Finally, Zacks Investment Research raised Mcdonald’s from a “sell” rating to a “hold” rating in a research note on Friday, April 26th. Seven research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $202.39.
Mcdonald’s (NYSE:MCD) last issued its quarterly 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 net margin of 28.20% and a negative return on equity of 95.31%. The firm had revenue of $4.96 billion during the quarter, compared to the consensus estimate of $4.94 billion. During the same quarter last year, the firm earned $1.79 earnings per share. The business’s revenue for the quarter was down 3.6% on a year-over-year basis. On average, analysts expect that Mcdonald’s Corp will post 8.04 earnings per share for the current fiscal year.
In related news, VP Catherine A. Hoovel sold 1,328 shares of the company’s stock in a transaction dated Thursday, February 14th. The stock was sold at an average price of $175.95, for a total transaction of $233,661.60. Following the sale, the vice president now owns 2,499 shares in the company, valued at $439,699.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jerome N. Krulewitch sold 20,641 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $196.40, for a total value of $4,053,892.40. Following the transaction, the executive vice president now directly owns 20,641 shares in the company, valued at approximately $4,053,892.40. The disclosure for this sale can be found here. Insiders have sold 101,628 shares of company stock worth $19,866,029 in the last quarter. 0.25% of the stock is currently owned by corporate insiders.
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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