Schwarz Dygos Wheeler Investment Advisors LLC increased its position in Mcdonald’s Corp (NYSE:MCD) by 2.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,014 shares of the fast-food giant’s stock after acquiring an additional 217 shares during the period. Mcdonald’s makes up about 1.2% of Schwarz Dygos Wheeler Investment Advisors LLC’s investment portfolio, making the stock its 21st biggest position. Schwarz Dygos Wheeler Investment Advisors LLC’s holdings in Mcdonald’s were worth $1,781,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Garrett Wealth Advisory Group LLC acquired a new position in Mcdonald’s in the third quarter worth about $30,000. Prime Capital Investment Advisors LLC acquired a new position in Mcdonald’s in the third quarter valued at approximately $30,000. Quantum Capital Management acquired a new position in Mcdonald’s in the third quarter valued at approximately $35,000. Vista Private Wealth Partners. LLC acquired a new position in Mcdonald’s in the third quarter valued at approximately $40,000. Finally, Accurate Investment Solutions Inc. raised its holdings in shares of Mcdonald’s by 127.4% during the fourth quarter. Accurate Investment Solutions Inc. now owns 241 shares of the fast-food giant’s stock valued at $48,000 after buying an additional 135 shares during the last quarter. Institutional investors and hedge funds own 67.23% of the company’s stock.
Several equities research analysts recently commented on the company. Credit Suisse Group dropped their target price on Mcdonald’s from $236.00 to $230.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. KeyCorp dropped their target price on Mcdonald’s from $235.00 to $225.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. Morgan Stanley boosted their target price on Mcdonald’s from $214.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, December 19th. Piper Jaffray Companies cut Mcdonald’s from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $224.00 to $195.00 in a report on Monday, November 4th. Finally, Longbow Research upgraded shares of Mcdonald’s from a “neutral” rating to a “buy” rating and set a $227.00 price target on the stock in a research report on Friday, November 8th. Eight research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $223.54.
Mcdonald’s (NYSE:MCD) last released its quarterly earnings data on Tuesday, October 22nd. The fast-food giant reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.21 by ($0.10). The business had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.47 billion. Mcdonald’s had a net margin of 28.09% and a negative return on equity of 85.71%. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.10 EPS. As a group, equities analysts predict that Mcdonald’s Corp will post 7.84 EPS for the current fiscal year.
In related news, Director John J. Mulligan acquired 1,300 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was acquired at an average price of $193.46 per share, with a total value of $251,498.00. Following the completion of the transaction, the director now owns 2,900 shares of the company’s stock, valued at $561,034. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John W. Rogers, Jr. acquired 1,000 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were bought at an average cost of $194.12 per share, with a total value of $194,120.00. Following the transaction, the director now directly owns 88,500 shares of the company’s stock, valued at approximately $17,179,620. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 7,380 shares of company stock valued at $1,430,223. Company insiders own 0.25% of the company’s stock.
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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