Bank of Montreal Can increased its stake in Mcdonald’s Corp (NYSE:MCD) by 4.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,657,046 shares of the fast-food giant’s stock after buying an additional 63,702 shares during the quarter. Bank of Montreal Can’s holdings in Mcdonald’s were worth $277,205,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Rainier Group Investment Advisory LLC purchased a new stake in Mcdonald’s during the 1st quarter valued at $102,000. CSat Investment Advisory L.P. purchased a new stake in Mcdonald’s during the 2nd quarter valued at $104,000. CX Institutional purchased a new stake in Mcdonald’s during the 2nd quarter valued at $109,000. Quad Cities Investment Group LLC purchased a new stake in Mcdonald’s during the 2nd quarter valued at $110,000. Finally, Sound Income Strategies LLC boosted its stake in Mcdonald’s by 69.2% during the 3rd quarter. Sound Income Strategies LLC now owns 743 shares of the fast-food giant’s stock valued at $124,000 after purchasing an additional 304 shares during the last quarter. Institutional investors own 66.98% of the company’s stock.
Several brokerages have commented on MCD. ValuEngine upgraded Mcdonald’s from a “hold” rating to a “buy” rating in a research note on Thursday. Wells Fargo & Co reiterated a “buy” rating and set a $185.00 target price on shares of Mcdonald’s in a research note on Thursday, June 21st. Telsey Advisory Group cut their target price on Mcdonald’s from $190.00 to $175.00 and set an “outperform” rating on the stock in a research note on Friday, July 27th. Stifel Nicolaus reiterated a “neutral” rating and set a $168.00 target price on shares of Mcdonald’s in a research note on Monday, July 16th. Finally, Imperial Capital cut their target price on Mcdonald’s from $190.00 to $175.00 and set an “outperform” rating on the stock in a research note on Friday, July 27th. Seven analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. Mcdonald’s presently has a consensus rating of “Buy” and a consensus price target of $183.29.
MCD stock opened at $163.82 on Friday. The firm has a market capitalization of $129.78 billion, a PE ratio of 24.35, a PEG ratio of 2.49 and a beta of 0.66. Mcdonald’s Corp has a 1 year low of $146.84 and a 1 year high of $178.70. 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 (NYSE:MCD) last announced its earnings results on Thursday, July 26th. The fast-food giant reported $1.99 EPS for the quarter, topping the Zacks’ consensus estimate of $1.92 by $0.07. Mcdonald’s had a negative return on equity of 133.89% and a net margin of 25.26%. The company had revenue of $5.35 billion for the quarter, compared to analysts’ expectations of $5.32 billion. During the same period last year, the firm earned $1.73 EPS. Mcdonald’s’s revenue for the quarter was down 11.5% compared to the same quarter last year. On average, equities research analysts expect that Mcdonald’s Corp will post 7.65 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Monday, December 3rd will be issued a $1.16 dividend. This is a boost from Mcdonald’s’s previous quarterly dividend of $1.01. This represents a $4.64 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date is Friday, November 30th. Mcdonald’s’s dividend payout ratio (DPR) is currently 60.66%.
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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