McDonald’s Corporation (MCD) Position Trimmed by Physicians Financial Services Inc.

Physicians Financial Services Inc. reduced its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 4.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,750 shares of the fast-food giant’s stock after selling 884 shares during the quarter. McDonald’s Corporation makes up about 2.3% of Physicians Financial Services Inc.’s portfolio, making the stock its 9th biggest holding. Physicians Financial Services Inc.’s holdings in McDonald’s Corporation were worth $2,719,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Valmark Advisers Inc. boosted its stake in McDonald’s Corporation by 0.3% in the 2nd quarter. Valmark Advisers Inc. now owns 2,381 shares of the fast-food giant’s stock valued at $365,000 after purchasing an additional 8 shares during the period. Capital Investment Advisory Services LLC raised its holdings in McDonald’s Corporation by 1.2% in the 2nd quarter. Capital Investment Advisory Services LLC now owns 1,568 shares of the fast-food giant’s stock valued at $240,000 after acquiring an additional 18 shares in the last quarter. MCF Advisors LLC raised its holdings in McDonald’s Corporation by 0.6% in the 2nd quarter. MCF Advisors LLC now owns 3,417 shares of the fast-food giant’s stock valued at $523,000 after acquiring an additional 19 shares in the last quarter. Northern Oak Wealth Management Inc. raised its holdings in McDonald’s Corporation by 1.2% in the 1st quarter. Northern Oak Wealth Management Inc. now owns 1,914 shares of the fast-food giant’s stock valued at $248,000 after acquiring an additional 22 shares in the last quarter. Finally, First Command Bank raised its holdings in McDonald’s Corporation by 0.9% in the 2nd quarter. First Command Bank now owns 2,446 shares of the fast-food giant’s stock valued at $375,000 after acquiring an additional 23 shares in the last quarter. Institutional investors own 67.85% of the company’s stock.

Shares of McDonald’s Corporation (NYSE MCD) opened at 164.01 on Friday. The stock has a 50 day moving average price of $159.96 and a 200-day moving average price of $152.89. McDonald’s Corporation has a 12 month low of $110.83 and a 12 month high of $167.90. The company has a market capitalization of $132.85 billion, a PE ratio of 26.85 and a beta of 0.69.

McDonald’s Corporation (NYSE:MCD) last announced its earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.75 by $0.01. The company had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.75 billion. McDonald’s Corporation had a net margin of 24.19% and a negative return on equity of 252.87%. McDonald’s Corporation’s revenue was down 10.4% compared to the same quarter last year. During the same period last year, the firm earned $1.62 earnings per share. Analysts forecast that McDonald’s Corporation will post $6.54 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a $1.01 dividend. The ex-dividend date is Thursday, November 30th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.46%. This is a boost from McDonald’s Corporation’s previous quarterly dividend of $0.94. McDonald’s Corporation’s dividend payout ratio (DPR) is currently 54.26%.

A number of equities analysts have recently commented on MCD shares. Nomura set a $172.00 price target on McDonald’s Corporation and gave the stock a “buy” rating in a report on Wednesday, July 19th. Deutsche Bank AG set a $185.00 price target on McDonald’s Corporation and gave the stock a “buy” rating in a report on Friday, October 20th. Canaccord Genuity restated a “hold” rating and set a $170.00 price objective on shares of McDonald’s Corporation in a research report on Friday, October 6th. Goldman Sachs Group, Inc. (The) set a $174.00 price objective on McDonald’s Corporation and gave the stock a “buy” rating in a research report on Thursday, July 27th. Finally, Longbow Research upgraded McDonald’s Corporation from a “neutral” rating to a “buy” rating and upped their price target for the company from $154.05 to $183.00 in a research report on Thursday, September 28th. Eleven investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. McDonald’s Corporation presently has a consensus rating of “Buy” and an average price target of $169.93.

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In other McDonald’s Corporation news, insider Joseph M. Erlinger sold 10,793 shares of McDonald’s Corporation stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $154.44, for a total value of $1,666,870.92. Following the completion of the transaction, the insider now owns 7,318 shares of the company’s stock, valued at $1,130,191.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP James R. Sappington sold 8,046 shares of McDonald’s Corporation stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $165.00, for a total transaction of $1,327,590.00. Following the completion of the transaction, the vice president now directly owns 15,739 shares of the company’s stock, valued at approximately $2,596,935. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,621 shares of company stock valued at $3,745,474. Corporate insiders own 0.24% of the company’s stock.

McDonald’s Corporation 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.

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

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