Hodges Capital Management Inc. Has $702,000 Stake in McDonald's Co. (NYSE:MCD)

Hodges Capital Management Inc. decreased its position in shares of McDonald's Co. (NYSE:MCD) by 5.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,197 shares of the fast-food giant’s stock after selling 170 shares during the period. Hodges Capital Management Inc.’s holdings in McDonald's were worth $702,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Public Employees Retirement Association of Colorado increased its stake in McDonald's by 4.4% in the first quarter. Public Employees Retirement Association of Colorado now owns 141,845 shares of the fast-food giant’s stock valued at $23,454,000 after acquiring an additional 5,915 shares during the period. Loomis Sayles & Co. L P increased its stake in McDonald's by 2.2% in the first quarter. Loomis Sayles & Co. L P now owns 11,552 shares of the fast-food giant’s stock valued at $1,910,000 after acquiring an additional 250 shares during the period. Cohen & Steers Inc. bought a new stake in McDonald's in the first quarter valued at about $162,000. Quantitative Investment Management LLC bought a new stake in McDonald's in the first quarter valued at about $750,000. Finally, APG Asset Management N.V. increased its stake in McDonald's by 32.4% in the first quarter. APG Asset Management N.V. now owns 3,041,874 shares of the fast-food giant’s stock valued at $502,974,000 after acquiring an additional 743,607 shares during the period. 66.07% of the stock is owned by hedge funds and other institutional investors.

MCD opened at $229.37 on Friday. The firm’s fifty day moving average is $219.28 and its two-hundred day moving average is $196.08. The firm has a market cap of $170.67 billion, a PE ratio of 36.35, a price-to-earnings-growth ratio of 5.25 and a beta of 0.67. McDonald's Co. has a twelve month low of $124.23 and a twelve month high of $231.91.

McDonald's (NYSE:MCD) last posted its earnings results on Tuesday, July 28th. The fast-food giant reported $0.66 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.10). The firm had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.73 billion. McDonald's had a negative return on equity of 52.78% and a net margin of 24.78%. The company’s revenue for the quarter was down 29.6% on a year-over-year basis. During the same quarter last year, the business posted $2.05 earnings per share. Research analysts forecast that McDonald's Co. will post 5.96 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be issued a $1.29 dividend. The ex-dividend date is Monday, November 30th. This is a positive change from McDonald's’s previous quarterly dividend of $1.25. This represents a $5.16 annualized dividend and a yield of 2.25%. McDonald's’s dividend payout ratio (DPR) is 63.78%.

MCD has been the topic of a number of analyst reports. Credit Suisse Group upped their target price on shares of McDonald's from $210.00 to $214.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. BTIG Research upped their price objective on shares of McDonald's from $220.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, October 9th. SVB Leerink started coverage on shares of McDonald's in a research note on Friday, July 24th. They set a “hold” rating on the stock. Morgan Stanley upped their price objective on shares of McDonald's from $208.00 to $248.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, KeyCorp upped their price objective on shares of McDonald's from $215.00 to $225.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 18th. Eight analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $222.43.

McDonald's Company Profile

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products and beverages, as well as breakfast menu. As of December 31, 2019, the company operated 38,695 restaurants. McDonald's Corporation was founded in 1940 and is based in Chicago, Illinois.

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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