Chevy Chase Trust Holdings Inc. Raises Stake in McDonald's Co. (MCD)
Chevy Chase Trust Holdings Inc. increased its position in McDonald's Co. (NYSE:MCD) by 0.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 808,477 shares of the fast-food giant’s stock after purchasing an additional 3,876 shares during the quarter. Chevy Chase Trust Holdings Inc.’s holdings in McDonald's were worth $126,673,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of MCD. Horan Capital Advisors LLC. acquired a new stake in shares of McDonald's in the 3rd quarter valued at about $104,000. Phocas Financial Corp. acquired a new stake in shares of McDonald's in the 2nd quarter valued at about $107,000. Proficio Capital Partners LLC grew its stake in shares of McDonald's by 0.7% in the 2nd quarter. Proficio Capital Partners LLC now owns 745 shares of the fast-food giant’s stock valued at $117,000 after buying an additional 5 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its stake in shares of McDonald's by 219.2% in the 3rd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 830 shares of the fast-food giant’s stock valued at $130,000 after buying an additional 570 shares during the period. Finally, Howe & Rusling Inc. grew its stake in shares of McDonald's by 75.0% in the 3rd quarter. Howe & Rusling Inc. now owns 840 shares of the fast-food giant’s stock valued at $132,000 after buying an additional 360 shares during the period. Institutional investors own 67.53% of the company’s stock.
McDonald's Co. (MCD) opened at $160.80 on Monday. McDonald's Co. has a 12 month low of $124.52 and a 12 month high of $178.70. The firm has a market capitalization of $130,250.00, a P/E ratio of 25.28, a PEG ratio of 2.36 and a beta of 0.59. The company has a quick ratio of 1.27, a current ratio of 1.28 and a debt-to-equity ratio of -8.17.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be paid a $1.01 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.51%. McDonald's’s payout ratio is presently 63.52%.
Several analysts have recently commented on MCD shares. Nomura set a $180.00 target price on McDonald's and gave the company a “buy” rating in a research note on Wednesday, October 25th. Zacks Investment Research upgraded McDonald's from a “hold” rating to a “buy” rating and set a $196.00 price target for the company in a research note on Thursday, January 18th. Stifel Nicolaus set a $172.00 price target on McDonald's and gave the company a “neutral” rating in a research note on Wednesday, January 3rd. Piper Jaffray Companies lifted their price target on McDonald's from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, December 14th. Finally, Goldman Sachs Group set a $200.00 price target on McDonald's and gave the company a “buy” rating in a research note on Friday, January 19th. Nine investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $184.95.
In related news, insider Stephen Easterbrook sold 171,577 shares of McDonald's stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $168.32, for a total value of $28,879,840.64. Following the sale, the insider now owns 49,778 shares of the company’s stock, valued at approximately $8,378,632.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Douglas M. Goare sold 34,575 shares of McDonald's stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $173.53, for a total transaction of $5,999,799.75. The disclosure for this sale can be found here. Insiders sold a total of 207,550 shares of company stock worth $35,118,055 in the last 90 days. Company insiders own 0.24% of the company’s stock.
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McDonald's Company Profile
McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.
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