R. G. Niederhoffer Capital Management Inc. Acquires New Holdings in McDonald’s Corporation (MCD)

R. G. Niederhoffer Capital Management Inc. acquired a new position in McDonald’s Corporation (NYSE:MCD) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 2,700 shares of the fast-food giant’s stock, valued at approximately $414,000. McDonald’s Corporation accounts for 3.4% of R. G. Niederhoffer Capital Management Inc.’s investment portfolio, making the stock its 11th biggest holding.

Several other institutional investors have also recently added to or reduced their stakes in MCD. ING Groep NV raised its holdings in shares of McDonald’s Corporation by 51.5% in the 1st quarter. ING Groep NV now owns 387,278 shares of the fast-food giant’s stock worth $50,195,000 after purchasing an additional 131,707 shares during the period. Welch Group LLC raised its holdings in shares of McDonald’s Corporation by 1.2% during the 1st quarter. Welch Group LLC now owns 124,154 shares of the fast-food giant’s stock valued at $16,092,000 after buying an additional 1,420 shares during the period. Tyers Asset Management LLC raised its holdings in shares of McDonald’s Corporation by 9.9% during the 1st quarter. Tyers Asset Management LLC now owns 40,180 shares of the fast-food giant’s stock valued at $5,208,000 after buying an additional 3,612 shares during the period. Signature Estate & Investment Advisors LLC purchased a new stake in shares of McDonald’s Corporation during the 1st quarter valued at about $146,000. Finally, Capital One National Association raised its holdings in shares of McDonald’s Corporation by 2.4% during the 1st quarter. Capital One National Association now owns 12,588 shares of the fast-food giant’s stock valued at $1,631,000 after buying an additional 299 shares during the period. Institutional investors own 68.03% of the company’s stock.

Several brokerages recently commented on MCD. BidaskClub upgraded McDonald’s Corporation from a “hold” rating to a “buy” rating in a report on Monday, August 14th. Barclays PLC reiterated an “overweight” rating and set a $173.00 target price (up from $164.00) on shares of McDonald’s Corporation in a report on Wednesday, July 26th. Vetr upgraded McDonald’s Corporation from a “sell” rating to a “hold” rating and set a $159.47 target price on the stock in a report on Thursday, August 3rd. Bank of America Corporation reiterated a “buy” rating and set a $175.00 target price on shares of McDonald’s Corporation in a report on Monday, August 14th. Finally, Nomura set a $183.00 target price on McDonald’s Corporation and gave the company a “buy” rating in a report on Tuesday, October 17th. Eleven equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $169.96.

In other news, VP James R. Sappington sold 8,046 shares of the business’s stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $165.00, for a total value of $1,327,590.00. Following the sale, the vice president now owns 15,739 shares of the company’s stock, valued at approximately $2,596,935. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP David Ogden Fairhurst sold 4,782 shares of the business’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $157.05, for a total value of $751,013.10. Following the completion of the sale, the executive vice president now directly owns 6,954 shares in the company, valued at approximately $1,092,125.70. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by insiders.

McDonald’s Corporation (NYSE MCD) opened at $165.59 on Friday. The company has a debt-to-equity ratio of -8.17, a quick ratio of 1.27 and a current ratio of 1.28. McDonald’s Corporation has a 12-month low of $114.17 and a 12-month high of $170.92. The stock has a market capitalization of $132,006.02, a price-to-earnings ratio of 25.87, a price-to-earnings-growth ratio of 2.71 and a beta of 0.67.

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

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

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About McDonald’s Corporation

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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