Mcdonald’s Corp (MCD) Holdings Increased by Bogart Wealth LLC

Bogart Wealth LLC raised its holdings in shares of Mcdonald’s Corp (NYSE:MCD) by 2.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,964 shares of the fast-food giant’s stock after purchasing an additional 96 shares during the period. Bogart Wealth LLC’s holdings in Mcdonald’s were worth $942,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of MCD. Ruggie Capital Group lifted its position in Mcdonald’s by 3,020.0% during the fourth quarter. Ruggie Capital Group now owns 156 shares of the fast-food giant’s stock valued at $28,000 after purchasing an additional 151 shares in the last quarter. Gantzert Investment Co. LLC ADV purchased a new position in Mcdonald’s during the fourth quarter valued at $31,000. Aspire Private Capital LLC purchased a new position in Mcdonald’s during the fourth quarter valued at $32,000. Focused Wealth Management Inc lifted its position in Mcdonald’s by 4,500.0% during 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 in the last quarter. Finally, Highwater Wealth Management LLC purchased a new position in Mcdonald’s during the fourth quarter valued at $38,000. Institutional investors and hedge funds own 68.87% of the company’s stock.

MCD opened at $199.99 on Monday. The stock has a market capitalization of $150.98 billion, a P/E ratio of 25.32, a P/E/G ratio of 2.76 and a beta of 0.54. Mcdonald’s Corp has a 12 month low of $153.13 and a 12 month high of $200.36.

Mcdonald’s (NYSE:MCD) last released its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $1.72 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.73 by ($0.01). The company had revenue of $4.96 billion during the quarter, compared to analysts’ expectations of $4.94 billion. Mcdonald’s had a negative return on equity of 95.31% and a net margin of 28.20%. The company’s revenue was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.79 EPS. As a group, analysts expect that Mcdonald’s Corp will post 8.04 EPS for the current year.

MCD has been the topic of several analyst reports. Robert W. Baird lifted their target price on Mcdonald’s from $196.00 to $205.00 in a research report on Monday, April 1st. Mizuho lifted their target price on Mcdonald’s from $204.00 to $215.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. BTIG Research lifted their target price on Mcdonald’s to $220.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. SunTrust Banks lifted their target price on Mcdonald’s to $230.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Finally, Bank of America lifted their target price on Mcdonald’s from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Seven research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $202.39.

In other Mcdonald’s news, VP Catherine A. Hoovel sold 1,328 shares of the business’s stock in a transaction that occurred on Thursday, February 14th. The stock was sold at an average price of $175.95, for a total transaction of $233,661.60. Following the completion of the transaction, the vice president now owns 2,499 shares in the company, valued at $439,699.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Christopher J. Kempczinski sold 38,729 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $195.21, for a total value of $7,560,288.09. Following the transaction, the insider now owns 11,658 shares of the company’s stock, valued at approximately $2,275,758.18. The disclosure for this sale can be found here. Insiders have sold 101,628 shares of company stock valued at $19,866,029 in the last 90 days. Company insiders own 0.25% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This piece of content was first posted by Baseball Daily News and is the property of of Baseball Daily News. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of international copyright laws. The original version of this piece of content can be accessed at https://www.baseballdailydigest.com/news/2019/05/13/mcdonalds-corp-mcd-holdings-increased-by-bogart-wealth-llc.html.

About Mcdonald’s

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.

Further Reading: What is a Call Option?

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.