Motco Has $10.74 Million Position in McDonald’s Corporation (MCD)

Motco increased its position in shares of McDonald’s Corporation (NYSE:MCD) by 4.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 70,113 shares of the fast-food giant’s stock after purchasing an additional 2,978 shares during the period. McDonald’s Corporation makes up approximately 1.1% of Motco’s portfolio, making the stock its 17th largest position. Motco’s holdings in McDonald’s Corporation were worth $10,739,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Canada Pension Plan Investment Board boosted its position in McDonald’s Corporation by 1.0% during the second quarter. Canada Pension Plan Investment Board now owns 449,237 shares of the fast-food giant’s stock worth $68,805,000 after acquiring an additional 4,300 shares during the last quarter. Legacy Capital Partners Inc. boosted its position in McDonald’s Corporation by 7.0% during the first quarter. Legacy Capital Partners Inc. now owns 26,154 shares of the fast-food giant’s stock worth $3,390,000 after acquiring an additional 1,706 shares during the last quarter. Teacher Retirement System of Texas boosted its position in McDonald’s Corporation by 10.6% during the second quarter. Teacher Retirement System of Texas now owns 467,212 shares of the fast-food giant’s stock worth $71,558,000 after acquiring an additional 44,899 shares during the last quarter. Holderness Investments Co. boosted its position in McDonald’s Corporation by 323.7% during the first quarter. Holderness Investments Co. now owns 10,589 shares of the fast-food giant’s stock worth $1,372,000 after acquiring an additional 8,090 shares during the last quarter. Finally, Cypress Asset Management Inc. TX boosted its position in McDonald’s Corporation by 136.4% during the second quarter. Cypress Asset Management Inc. TX now owns 28,274 shares of the fast-food giant’s stock worth $4,330,000 after acquiring an additional 16,315 shares during the last quarter. Institutional investors own 67.95% of the company’s stock.

McDonald’s Corporation (NYSE:MCD) opened at $166.72 on Monday. The firm has a market cap of $132,906.78, a P/E ratio of 26.05, a PEG ratio of 2.73 and a beta of 0.67. The company has a quick ratio of 1.27, a current ratio of 1.28 and a debt-to-equity ratio of -8.17. McDonald’s Corporation has a 1 year low of $117.71 and a 1 year high of $170.92.

McDonald’s Corporation (NYSE:MCD) last released its earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.01. The business had revenue of $5.75 billion for 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 216.45%. The firm’s quarterly revenue was down 10.4% compared to the same quarter last year. During the same period last year, the firm posted $1.62 earnings per share. research analysts predict that McDonald’s Corporation will post 6.52 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a $1.01 dividend. This is an increase from McDonald’s Corporation’s previous quarterly dividend of $0.94. This represents a $4.04 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend is Thursday, November 30th. McDonald’s Corporation’s dividend payout ratio (DPR) is 54.26%.

MCD has been the topic of a number of analyst reports. BidaskClub lowered shares of McDonald’s Corporation from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of McDonald’s Corporation in a research note on Monday, July 24th. Zacks Investment Research downgraded shares of McDonald’s Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $170.00 price target on shares of McDonald’s Corporation in a research note on Tuesday, July 25th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $170.00 price target (up previously from $165.00) on shares of McDonald’s Corporation in a research note on Wednesday, July 26th. Eleven analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $169.96.

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In other news, VP James R. Sappington sold 8,046 shares of McDonald’s Corporation stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $165.00, for a total value of $1,327,590.00. Following the transaction, the vice president now directly owns 15,739 shares of the company’s stock, valued at $2,596,935. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.24% of the company’s stock.

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.

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

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