Motco lifted its position in McDonald’s Corporation (NYSE:MCD) by 4.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,113 shares of the fast-food giant’s stock after acquiring an additional 2,978 shares during the period. McDonald’s accounts for 1.1% of Motco’s holdings, making the stock its 17th largest position. Motco’s holdings in McDonald’s were worth $10,739,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in MCD. Jennison Associates LLC raised its position in McDonald’s by 681.3% in the second quarter. Jennison Associates LLC now owns 6,109,830 shares of the fast-food giant’s stock valued at $935,782,000 after purchasing an additional 5,327,778 shares during the period. Legal & General Group Plc raised its position in McDonald’s by 3.5% in the second quarter. Legal & General Group Plc now owns 4,388,893 shares of the fast-food giant’s stock valued at $672,205,000 after purchasing an additional 147,589 shares during the period. Schwab Charles Investment Management Inc. raised its position in McDonald’s 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 valued at $614,164,000 after purchasing an additional 127,840 shares during the period. Swiss National Bank raised its position in McDonald’s by 18.0% in the first quarter. Swiss National Bank now owns 3,653,548 shares of the fast-food giant’s stock valued at $473,536,000 after purchasing an additional 558,300 shares during the period. Finally, Prudential Financial Inc. raised its position in McDonald’s by 6.8% in the second quarter. Prudential Financial Inc. now owns 2,805,231 shares of the fast-food giant’s stock valued at $429,649,000 after purchasing an additional 179,334 shares during the period. Hedge funds and other institutional investors own 67.40% of the company’s stock.
A number of equities research analysts have commented on the company. Jefferies Group upgraded McDonald’s from a “hold” rating to a “buy” rating and lifted their target price for the company from $150.00 to $200.00 in a research report on Tuesday. ValuEngine downgraded McDonald’s from a “buy” rating to a “hold” rating in a report on Friday. Goldman Sachs Group set a $173.00 price objective on McDonald’s and gave the company a “buy” rating in a report on Wednesday, November 8th. Zacks Investment Research downgraded McDonald’s from a “buy” rating to a “hold” rating in a report on Friday, October 27th. Finally, Deutsche Bank set a $185.00 price objective on McDonald’s and gave the company a “buy” rating in a report on Thursday, October 26th. Ten analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $173.95.
In other McDonald’s news, VP James R. Sappington sold 8,046 shares of the company’s stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $165.00, for a total transaction of $1,327,590.00. Following the completion of the sale, the vice president now directly 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 SEC, which can be accessed through this hyperlink. Also, insider Stephen Easterbrook sold 171,577 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $168.32, for a total value of $28,879,840.64. Following the sale, the insider now directly owns 49,778 shares of the company’s stock, valued at $8,378,632.96. The disclosure for this sale can be found here. 0.24% of the stock is owned by corporate insiders.
Shares of McDonald’s Corporation (NYSE MCD) traded up $2.34 during midday trading on Tuesday, hitting $172.99. The company had a trading volume of 3,228,697 shares, compared to its average volume of 3,475,050. The firm has a market cap of $137,809.47, a PE ratio of 27.01, a PEG ratio of 2.83 and a beta of 0.67. 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 1 year low of $118.18 and a 1 year high of $174.25.
McDonald’s (NYSE:MCD) last announced its earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.01. The firm had revenue of $5.75 billion during the quarter, compared to analysts’ expectations of $5.75 billion. McDonald’s had a negative return on equity of 216.45% and a net margin of 24.19%. The business’s revenue was down 10.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.62 EPS. research analysts forecast 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. Investors of record on Friday, December 1st will be given a $1.01 dividend. The ex-dividend date is Thursday, November 30th. This is a boost from McDonald’s’s previous quarterly dividend of $0.94. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.34%. McDonald’s’s dividend payout ratio is 58.30%.
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McDonald’s 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.
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