Formerly called
|
Multi Discipline Communications |
---|---|
Type
|
Public |
Traded as | NASDAQ: MDCA |
Industry | advertising, public relations, marketing |
Founded | December 19, 1986 (1986-12-19) |
Founder | Miles Nadal |
Headquarters | New York City, United States |
Area served
|
Worldwide |
Key people
|
|
Revenue | US$1.326 billion (2015) |
Number of employees
|
5,690 (2016) |
Website | www.mdc-partners.com |
MDC Partners Inc. (NASDAQ: MDCA) is an advertising and marketing holding company based in New York City. MDC is structured as a partnership model, in which it initially acquires a majority stake in its partner agency, leaving a percentage of ownership with the founder. It has more than 50 partner firms worldwide.
MDC Partners was founded as Multi Discipline Communications in 1980 in Toronto by Miles Nadal. The company held an IPO on October 16, 1987.
The company operated two divisions in the 1990s: Marketing and Communications and Secure Transaction Products, which included the production of checks, credit and debit cards, tickets, and stamps. Toward the end of the 1990s, MDC concentrated on growing its marketing and communications business. It continued to expand into the United States, surpassing CAD$1 billion in revenue in 2000 through acquisitions and organic growth.
In 2001, MDC formed its first "partnership" with the agency Crispin Porter + Bogusky.
In January 2004, the company changed its name to MDC Partners Inc.
MDC became the first advertising company to build a capability designed for automated, or programmatic, media trading, with the formation of Varick Media Management, in 2008.
The company acquired Anomaly in 2010 and 72andSunny in 2011.
On July 21, 2015, Miles Nadal announced his resignation as CEO in response to an investigation by the U.S. Securities and Exchange Commission regarding executive pay and accounting practices. Nadal agreed to pay back $1.9 million in expenses and $10.6 million in salary and bonuses. He did not receive any severance or compensation for resigning. Chief accounting officer Michael Sabatino also announced his resignation and will reportedly repay $208,000 in bonuses. MDC’s presiding director of the board, Scott Kauffman, succeeded Miles Nadal as Chairman and CEO.
In December 2015, the company ranked 8th in Advertising Age’s global ranking of Agency Networks, by cumulative award wins. In June 2016, MDC announced the first acquisition under Kauffman of Swedish creative agency Forsman & Bodenfors, forming a strategic partnership with sister agency CP+B.
MDC Partners is a global advertising holding company that invests in agency partners in the areas of advertising, marketing, media management, technology, analytics and consumer insights, direct marketing, and strategic consulting. The company is headquartered in New York City and also operates a corporate office in Toronto, where it was initially founded. It earned approximately US$1.33 billion in revenue 2015.
MDC typically invests in creative and digital firms. Historically, it invested in agencies during times when similar companies have scaled back on acquisitions. While the company has mainly invested in North American small to mid-sized agencies, it extended onto new global markets in the 2010s. As of 2015, 9% of the company’s revenue came from outside North America.
MDC does not generally acquire agencies outright, but instead most frequently partners with agency management by acquiring a 51 to 80 percent initial stake. Instead of integrating the firms, acquired agencies to continue to manage their own day-to-day operations. MDC provides support to the agencies in which it has invested including business strategy and financial resources. It operates a Strategic Resources Group, which supports the development of partner agencies. In 2004, Adweek called the company an "anti-holding company".
Major holdings include 52 advertising and marketing firms:
Period | Date | Adjusted Actuals EPS | GAAP EPS |
---|---|---|---|
Q2 2021 | 2021-08-04 | Future report Set alerts | |
Q1 2021 | 2021-05-05 | 0.00 | 0.00 |
Q4 2020 | 2021-03-02 | 0.00 | 0.00 |
Q3 2020 | 2020-10-29 | 0.00 | 0.00 |
Q2 2020 | 2020-08-06 | 0.00 | -0.06 |
Q1 2020 | 2020-04-29 | 0.00 | -0.03 |
Q4 2019 | 2020-02-27 | 0.00 | -0.15 |
Q3 2019 | 2019-11-05 | 0.00 | -0.07 |
Q2 2019 | 2019-08-07 | 0.00 | 0.01 |
Q1 2019 | 2019-05-07 | 0.00 | -0.04 |
2016-07-06 | Reiterated Rating | BMO Capital Markets | Buy | $26.00 |
2016-07-03 | Reiterated Rating | Albert Fried & Company | Buy | $23.00 |
2016-05-05 | Reiterated Rating | Jefferies Group | Buy | $24.00 |
2016-05-02 | Reiterated Rating | BMO Capital Markets | Outperform | $26.00 |
2016-04-14 | Upgrade | Wells Fargo | Market Perform to Outperform | |
2016-04-14 | Upgrade | Wells Fargo & Co. | Market Perform to Outperform | |
2016-03-22 | Reiterated Rating | Chardan Capital | Overweight | $27.00 |
2016-03-20 | Reiterated Rating | Wedbush | Outperform | $24.00 to $26.00 |
2016-03-07 | Upgrade | Evercore ISI | Hold to Buy | $27.00 |
2016-02-19 | Lower Price Target | Wedbush | Outperform | $26.00 to $24.00 |
2016-02-19 | Upgrade | BMO Capital Markets | Market Perform to Outperform | $20.00 to $22.00 |
2016-02-18 | Reiterated Rating | Albert Fried & Company | Overweight | $27.00 |
2015-11-01 | Reiterated Rating | Albert Fried & Company | Overweight | $27.00 |
2015-10-29 | Boost Price Target | Wedbush | $24.00 to $26.00 | |
2015-09-06 | Reiterated Rating | Wedbush | Outperform | $24.00 |
2015-08-20 | Reiterated Rating | Wedbush | Outperform | $24.00 |
2015-08-07 | Reiterated Rating | Jefferies Group | Buy | $30.00 to $23.00 |
2015-07-28 | Initiated Coverage | Wedbush | Outperform | $24.00 |
2015-07-21 | Downgrade | Wells Fargo & Co. | Market Perform | |
2015-07-21 | Lower Price Target | BMO Capital Markets | Market Perform | $26.00 to $20.00 |
2015-07-21 | Upgrade | Piper Jaffray | Neutral to Overweight | $26.00 |
2015-07-21 | Downgrade | Wells Fargo | Market Perform | |
2015-07-21 | Upgrade | Piper Jaffray Cos. | Neutral to Overweight | $26.00 |
2015-07-17 | Upgrade | Albert Fried & Company | Market Perform to Overweight | $27.00 |
2015-04-28 | Reiterated Rating | Evercore Partners Inc. | Buy to Hold | |
2015-04-28 | Downgrade | Albert Fried & Company | Overweight to Market Perform | |
2015-04-28 | Downgrade | Evercore ISI | Buy to Hold | $30.00 to $28.00 |
2015-04-28 | Downgrade | BMO Capital Markets | Outperform to Market Perform | $30.00 to $26.00 |
2015-04-28 | Downgrade | Piper Jaffray | Overweight to Neutral | $30.00 to $26.00 |
2015-04-28 | Downgrade | RBC Capital | Outperform to Sector Perform | $31.00 |
2015-04-28 | Downgrade | Royal Bank Of Canada | Outperform to Sector Perform | $31.00 |
2015-03-30 | Boost Price Target | FBR & Co. | Outperform | $29.00 to $34.00 |
2015-03-30 | Boost Price Target | FBR & Co | Outperform | $29.00 to $34.00 |
2015-02-19 | Set Price Target | Albert Fried & Company | Buy | $35.00 |
2015-01-15 | Initiated Coverage | Telsey Advisory Group | Outperform | $28.50 |
2014-08-21 | Initiated Coverage | FBR & Co. | Outperform | $29.00 |
2014-07-07 | Initiated Coverage | Evercore ISI | Overweight | $27.00 |
2014-06-25 | Initiated Coverage | Jefferies Group | Buy | |
2014-04-28 | Boost Price Target | RBC Capital | Outperform | $26.00 to $27.00 |
2013-12-30 | Boost Price Target | Albert Fried & Company | $27.00 to $35.00 | |
2013-10-29 | Boost Price Target | BMO Capital Markets | Outperform | C$30.00 to C$35.00 |
2013-10-08 | Reiterated | UBS | Buy | $24 to $32 |
2013-07-12 | Reiterated | RBC Capital Mkts | Outperform | $18 to $22 |
2012-12-13 | Initiated | Capstone Investments | Buy | $14 |
2010-09-21 | Initiated | UBS | Buy | $15 |
2009-02-25 | Reiterated | Jefferies & Co | Buy | $8 to $5 |
2008-11-05 | Upgrade | BMO Capital Markets | Market Perform to Outperform | |
2008-07-25 | Initiated | Wachovia | Outperform | |
2008-06-24 | Initiated | Jefferies & Co | Buy | $11 |
2007-11-16 | Initiated | RBC Capital Mkts | Outperform | $17 |
2007-07-12 | Initiated | William Blair | Outperform |
2016-07-06 | Reiterated Rating | BMO Capital Markets | Buy | $26.00 |
2016-07-03 | Reiterated Rating | Albert Fried & Company | Buy | $23.00 |
2016-05-05 | Reiterated Rating | Jefferies Group | Buy | $24.00 |
2016-05-02 | Reiterated Rating | BMO Capital Markets | Outperform | $26.00 |
2016-04-14 | Upgrade | Wells Fargo | Market Perform to Outperform |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In MDCA 19 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
FrontFour Capital Group LLC | 2.25M |
BlackRock Fund Advisors | 1.57M |
RUSSELL FRANK CO/ | 1.51M |
GRUBER & MCBAINE CAPITAL MANAGEMENT LLC | 1.36M |
BlackRock Institutional Trust Company, N.A. | 0.50M |
EverPoint Asset Management, LLC | 0.28M |
TAYLOR ASSET MANAGEMENT INC | 0.26M |
BlackRock Investment Management, LLC | 0.20M |
CORNERSTONE CAPITAL MANAGEMENT HOLDINGS LLC. | 0.17M |
GOLDMAN CAPITAL MANAGEMENT INC | 0.16M |
TIAA CREF INVESTMENT MANAGEMENT LLC | 0.16M |
TEACHERS ADVISORS INC | 0.12M |
Lorber David A | 94264 |
OXFORD ASSET MANAGEMENT | 61087 |
MANAGED ACCOUNT ADVISORS LLC | 39922 |