B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund lowered its stake in shares of Mcdonald’s Corp (NYSE:MCD) by 55.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,706 shares of the fast-food giant’s stock after selling 12,199 shares during the quarter. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund’s holdings in Mcdonald’s were worth $1,521,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in the company. AustralianSuper Pty Ltd bought a new position in Mcdonald’s during the second quarter worth $179,723,000. Quad Cities Investment Group LLC bought a new stake in Mcdonald’s in the second quarter valued at $110,000. Provident Investment Management Inc. lifted its stake in Mcdonald’s by 8.3% in the second quarter. Provident Investment Management Inc. now owns 13,000 shares of the fast-food giant’s stock valued at $2,037,000 after buying an additional 1,000 shares during the last quarter. Scopus Asset Management L.P. lifted its stake in Mcdonald’s by 20.0% in the second quarter. Scopus Asset Management L.P. now owns 300,000 shares of the fast-food giant’s stock valued at $47,007,000 after buying an additional 50,000 shares during the last quarter. Finally, Private Vista LLC lifted its stake in Mcdonald’s by 101.6% in the first quarter. Private Vista LLC now owns 11,948 shares of the fast-food giant’s stock valued at $1,869,000 after buying an additional 6,020 shares during the last quarter. 66.99% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have issued reports on MCD shares. Royal Bank of Canada set a $175.00 target price on Mcdonald’s and gave the company a “buy” rating in a research note on Thursday, July 26th. Goldman Sachs Group reiterated a “buy” rating and issued a $178.00 target price on shares of Mcdonald’s in a research note on Tuesday, July 24th. Jefferies Financial Group reiterated a “buy” rating and issued a $200.00 target price on shares of Mcdonald’s in a research note on Wednesday, July 11th. Wells Fargo & Co reiterated a “buy” rating and issued a $185.00 target price on shares of Mcdonald’s in a research note on Thursday, June 21st. Finally, Nomura upgraded Mcdonald’s from a “neutral” rating to a “buy” rating and set a $191.00 target price on the stock in a research note on Thursday, June 7th. Nine equities 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 presently has a consensus rating of “Buy” and a consensus target price of $182.03.
Shares of MCD opened at $158.14 on Tuesday. The firm has a market cap of $127.81 billion, a PE ratio of 23.74, a price-to-earnings-growth ratio of 2.45 and a beta of 0.66. The company has a current ratio of 1.47, a quick ratio of 1.45 and a debt-to-equity ratio of -5.24. Mcdonald’s Corp has a one year low of $146.84 and a one year high of $178.70.
Mcdonald’s (NYSE:MCD) last issued its quarterly earnings results on Thursday, July 26th. The fast-food giant reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.92 by $0.07. The company had revenue of $5.35 billion for the quarter, compared to analyst estimates of $5.32 billion. Mcdonald’s had a negative return on equity of 133.89% and a net margin of 25.26%. The company’s quarterly revenue was down 11.5% compared to the same quarter last year. During the same period last year, the company earned $1.73 earnings per share. sell-side analysts anticipate that Mcdonald’s Corp will post 7.65 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 18th. Stockholders of record on Tuesday, September 4th will be issued a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date is Friday, August 31st. Mcdonald’s’s dividend payout ratio (DPR) is 60.66%.
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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