Strategic Wealth Partners Ltd. Increases Holdings in Mcdonald’s Corp (MCD)

Strategic Wealth Partners Ltd. grew its position in Mcdonald’s Corp (NYSE:MCD) by 47.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 207 shares of the fast-food giant’s stock after acquiring an additional 67 shares during the quarter. Strategic Wealth Partners Ltd.’s holdings in Mcdonald’s were worth $38,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. New Capital Management LP lifted its position in shares of Mcdonald’s by 33.1% during the 4th quarter. New Capital Management LP now owns 221 shares of the fast-food giant’s stock worth $39,000 after buying an additional 55 shares during the period. Highwater Wealth Management LLC bought a new position in shares of Mcdonald’s during the 4th quarter worth approximately $38,000. Tower View Investment Management & Research LLC lifted its position in shares of Mcdonald’s by 20.6% during the 4th quarter. Tower View Investment Management & Research LLC now owns 375 shares of the fast-food giant’s stock worth $67,000 after buying an additional 64 shares during the period. NuWave Investment Management LLC lifted its position in shares of Mcdonald’s by 2,485.2% during the 3rd quarter. NuWave Investment Management LLC now owns 698 shares of the fast-food giant’s stock worth $117,000 after buying an additional 671 shares during the period. Finally, Gemmer Asset Management LLC lifted its position in shares of Mcdonald’s by 19.1% during the 4th quarter. Gemmer Asset Management LLC now owns 723 shares of the fast-food giant’s stock worth $128,000 after buying an additional 116 shares during the period. Institutional investors own 67.23% of the company’s stock.

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MCD has been the subject of several analyst reports. Goldman Sachs Group restated a “buy” rating and set a $192.00 target price on shares of Mcdonald’s in a research report on Friday, October 5th. Guggenheim upgraded Mcdonald’s from a “neutral” rating to a “buy” rating and set a $200.00 target price for the company in a research report on Wednesday, October 10th. They noted that the move was a valuation call. ValuEngine upgraded Mcdonald’s from a “hold” rating to a “buy” rating in a research report on Thursday, October 11th. Evercore ISI upgraded Mcdonald’s from an “in-line” rating to an “outperform” rating in a research report on Monday, October 15th. Finally, Gordon Haskett initiated coverage on Mcdonald’s in a research report on Thursday, October 18th. They set a “buy” rating and a $185.00 target price for the company. Seven investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. Mcdonald’s has a consensus rating of “Buy” and a consensus target price of $192.35.

MCD stock opened at $176.72 on Friday. Mcdonald’s Corp has a fifty-two week low of $146.84 and a fifty-two week high of $190.88. The firm has a market cap of $137.82 billion, a P/E ratio of 22.77, a price-to-earnings-growth ratio of 2.47 and a beta of 0.52.

Mcdonald’s (NYSE:MCD) last released its quarterly earnings results on Wednesday, January 30th. The fast-food giant reported $1.97 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.90 by $0.07. Mcdonald’s had a negative return on equity of 106.50% and a net margin of 28.18%. The firm had revenue of $5.16 billion during the quarter, compared to analysts’ expectations of $5.16 billion. During the same period last year, the firm posted $1.71 EPS. The business’s revenue was down 3.3% on a year-over-year basis. Equities analysts anticipate that Mcdonald’s Corp will post 8.23 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 1st will be paid a $1.16 dividend. The ex-dividend date of this dividend is Thursday, February 28th. This represents a $4.64 annualized dividend and a dividend yield of 2.63%. Mcdonald’s’s dividend payout ratio (DPR) is currently 58.73%.

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Mcdonald’s 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, 2017, the company operated 37,241 restaurants, including 34,108 franchised restaurants comprising 21,366 franchised to conventional franchisees, 6,945 licensed to developmental licensees, and 5,797 licensed to foreign affiliates; and 3,133 company-operated restaurants.

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