Salem Investment Counselors Inc. Has $6.79 Million Holdings in Mcdonald’s Corp (MCD)

Salem Investment Counselors Inc. reduced its position in Mcdonald’s Corp (NYSE:MCD) by 6.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,355 shares of the fast-food giant’s stock after selling 2,744 shares during the quarter. Salem Investment Counselors Inc.’s holdings in Mcdonald’s were worth $6,793,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cordasco Financial Network boosted its holdings in Mcdonald’s by 31.5% in the second quarter. Cordasco Financial Network now owns 1,315 shares of the fast-food giant’s stock valued at $206,000 after purchasing an additional 315 shares during the last quarter. Boulegeris Investments Inc. boosted its holdings in Mcdonald’s by 5.4% in the second quarter. Boulegeris Investments Inc. now owns 6,145 shares of the fast-food giant’s stock valued at $963,000 after purchasing an additional 317 shares during the last quarter. Winthrop Advisory Group LLC boosted its holdings in Mcdonald’s by 24.2% in the first quarter. Winthrop Advisory Group LLC now owns 1,642 shares of the fast-food giant’s stock valued at $258,000 after purchasing an additional 320 shares during the last quarter. Alerus Financial NA boosted its holdings in Mcdonald’s by 1.6% in the first quarter. Alerus Financial NA now owns 20,065 shares of the fast-food giant’s stock valued at $3,138,000 after purchasing an additional 321 shares during the last quarter. Finally, Fort Pitt Capital Group LLC boosted its holdings in Mcdonald’s by 22.7% in the second quarter. Fort Pitt Capital Group LLC now owns 1,753 shares of the fast-food giant’s stock valued at $275,000 after purchasing an additional 324 shares during the last quarter. 66.99% of the stock is currently owned by institutional investors and hedge funds.

Shares of Mcdonald’s stock opened at $160.84 on Monday. The stock has a market capitalization of $127.81 billion, a price-to-earnings ratio of 24.15, a PEG ratio of 2.45 and a beta of 0.66. Mcdonald’s Corp has a fifty-two week low of $146.84 and a fifty-two week high of $178.70. The company has a debt-to-equity ratio of -5.24, a current ratio of 1.47 and a quick ratio of 1.45.

Mcdonald’s (NYSE:MCD) last released its quarterly earnings results on Thursday, July 26th. The fast-food giant reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.92 by $0.07. Mcdonald’s had a net margin of 25.26% and a negative return on equity of 133.89%. The firm had revenue of $5.35 billion during the quarter, compared to the consensus estimate of $5.32 billion. During the same quarter in the prior year, the firm earned $1.73 EPS. The company’s revenue for the quarter was down 11.5% on a year-over-year basis. sell-side analysts predict that Mcdonald’s Corp will post 7.65 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 18th. Investors of record on Tuesday, September 4th will be given a dividend of $1.01 per share. The ex-dividend date of this dividend is Friday, August 31st. This represents a $4.04 annualized dividend and a dividend yield of 2.51%. Mcdonald’s’s dividend payout ratio (DPR) is presently 60.66%.

MCD has been the topic of several recent research reports. Royal Bank of Canada set a $175.00 price target on shares of Mcdonald’s and gave the company a “buy” rating in a report on Thursday, July 26th. Morgan Stanley lowered their price target on shares of Mcdonald’s from $169.00 to $167.00 and set an “equal weight” rating on the stock in a report on Friday, July 27th. Wells Fargo & Co lowered their price target on shares of Mcdonald’s from $185.00 to $180.00 and set an “outperform” rating on the stock in a report on Wednesday, July 11th. Goldman Sachs Group reaffirmed a “buy” rating and issued a $178.00 price target on shares of Mcdonald’s in a report on Tuesday, July 24th. Finally, Cowen reaffirmed a “buy” rating and issued a $190.00 price target on shares of Mcdonald’s in a report on Friday, July 27th. Nine research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $182.29.

Mcdonald’s Company Profile

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products, soft drinks, coffee, and other beverages, as well as breakfast menu. As of December 31, 2017, the company operated 37,241 restaurants, including 34,108 franchised restaurants comprising 21,366 franchised to conventional franchisees, 6,945 licensed to developmental licensees, and 5,797 licensed to foreign affiliates; and 3,133 company-operated restaurants.

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

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