McDonald’s Corporation (NYSE:MCD) Position Lowered by Sigma Planning Corp

Sigma Planning Corp cut its position in McDonald’s Corporation (NYSE:MCD) by 5.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,391 shares of the fast-food giant’s stock after selling 1,094 shares during the period. Sigma Planning Corp’s holdings in McDonald’s Corporation were worth $2,970,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Legal & General Group Plc raised its holdings in McDonald’s Corporation by 4.6% during the 1st quarter. Legal & General Group Plc now owns 4,241,304 shares of the fast-food giant’s stock valued at $549,720,000 after acquiring an additional 187,324 shares during the period. Schwab Charles Investment Management Inc. grew its position in McDonald’s Corporation by 3.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 4,009,947 shares of the fast-food giant’s stock worth $614,164,000 after acquiring an additional 127,840 shares in the last quarter. Swiss National Bank grew its position in McDonald’s Corporation by 18.0% in the first quarter. Swiss National Bank now owns 3,653,548 shares of the fast-food giant’s stock worth $473,536,000 after acquiring an additional 558,300 shares in the last quarter. Bank of Montreal Can grew its position in McDonald’s Corporation by 26.3% in the second quarter. Bank of Montreal Can now owns 1,894,258 shares of the fast-food giant’s stock worth $290,125,000 after acquiring an additional 393,881 shares in the last quarter. Finally, Great West Life Assurance Co. Can grew its position in McDonald’s Corporation by 0.4% in the first quarter. Great West Life Assurance Co. Can now owns 1,881,094 shares of the fast-food giant’s stock worth $243,570,000 after acquiring an additional 7,974 shares in the last quarter. Institutional investors own 68.03% of the company’s stock.

McDonald’s Corporation (NYSE MCD) traded down $1.41 during trading on Friday, reaching $165.59. 4,226,200 shares of the company traded hands, compared to its average volume of 3,513,788. The company has a current ratio of 1.28, a quick ratio of 1.27 and a debt-to-equity ratio of -8.17. McDonald’s Corporation has a 52-week low of $114.17 and a 52-week high of $170.92. The firm has a market capitalization of $133,130.00, a PE ratio of 26.09, a P/E/G ratio of 2.73 and a beta of 0.67.

McDonald’s Corporation (NYSE:MCD) last posted its earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.75 by $0.01. McDonald’s Corporation had a net margin of 24.19% and a negative return on equity of 216.45%. The company had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.75 billion. During the same period in the prior year, the business posted $1.62 earnings per share. McDonald’s Corporation’s revenue for the quarter was down 10.4% on a year-over-year basis. research analysts anticipate that McDonald’s Corporation will post 6.52 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a $1.01 dividend. This is an increase from McDonald’s Corporation’s previous quarterly dividend of $0.94. This represents a $4.04 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date is Thursday, November 30th. McDonald’s Corporation’s dividend payout ratio is presently 54.26%.

Several equities analysts have recently commented on the stock. Goldman Sachs Group, Inc. (The) set a $173.00 price objective on shares of McDonald’s Corporation and gave the company a “buy” rating in a research note on Wednesday. Zacks Investment Research cut shares of McDonald’s Corporation from a “buy” rating to a “hold” rating in a report on Friday, October 27th. Deutsche Bank AG set a $185.00 price target on shares of McDonald’s Corporation and gave the company a “buy” rating in a report on Thursday, October 26th. Credit Suisse Group lifted their price target on shares of McDonald’s Corporation from $170.00 to $178.00 and gave the company an “outperform” rating in a report on Wednesday, October 25th. Finally, BMO Capital Markets set a $175.00 price objective on shares of McDonald’s Corporation and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Eleven analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $169.96.

In other McDonald’s Corporation news, EVP David Ogden Fairhurst sold 4,782 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $157.05, for a total transaction of $751,013.10. Following the completion of the transaction, the executive vice president now owns 6,954 shares of the company’s stock, valued at $1,092,125.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP James R. Sappington sold 8,046 shares of the firm’s stock in a transaction that occurred 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 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. 0.24% of the stock is owned by corporate insiders.

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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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