Pittenger & Anderson Inc. boosted its position in Mcdonald’s Corp (NYSE:MCD) by 1.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,948 shares of the fast-food giant’s stock after buying an additional 465 shares during the period. Pittenger & Anderson Inc.’s holdings in Mcdonald’s were worth $5,679,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. FMR LLC lifted its holdings in Mcdonald’s by 5.5% in the second quarter. FMR LLC now owns 19,483,955 shares of the fast-food giant’s stock valued at $3,052,941,000 after buying an additional 1,014,792 shares during the period. Fundsmith Equity Fund L.P. acquired a new position in Mcdonald’s in the second quarter valued at $1,191,239,000. Janus Henderson Group PLC lifted its holdings in Mcdonald’s by 5.4% in the second quarter. Janus Henderson Group PLC now owns 8,107,972 shares of the fast-food giant’s stock valued at $1,270,446,000 after buying an additional 412,750 shares during the period. Magellan Asset Management Ltd lifted its holdings in Mcdonald’s by 0.4% in the second quarter. Magellan Asset Management Ltd now owns 5,955,794 shares of the fast-food giant’s stock valued at $933,213,000 after buying an additional 20,873 shares during the period. Finally, Morgan Stanley lifted its holdings in Mcdonald’s by 9.6% in the second quarter. Morgan Stanley now owns 5,947,311 shares of the fast-food giant’s stock valued at $931,884,000 after buying an additional 522,333 shares during the period. Institutional investors and hedge funds own 66.98% of the company’s stock.
NYSE:MCD opened at $163.82 on Friday. The company has a quick ratio of 1.45, a current ratio of 1.47 and a debt-to-equity ratio of -5.24. The stock has a market cap of $129.78 billion, a PE ratio of 24.60, a price-to-earnings-growth ratio of 2.49 and a beta of 0.66. Mcdonald’s Corp has a one year low of $146.84 and a one year high of $178.70.
Mcdonald’s (NYSE:MCD) last posted its earnings results on Thursday, July 26th. The fast-food giant reported $1.99 EPS for the quarter, topping the consensus estimate of $1.92 by $0.07. The company had revenue of $5.35 billion during the quarter, compared to the consensus estimate of $5.32 billion. Mcdonald’s had a net margin of 25.26% and a negative return on equity of 133.89%. The firm’s revenue for the quarter was down 11.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.73 earnings per share. On average, equities analysts predict that Mcdonald’s Corp will post 7.65 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Monday, December 3rd will be given a dividend of $1.16 per share. The ex-dividend date is Friday, November 30th. This is an increase from Mcdonald’s’s previous quarterly dividend of $1.01. This represents a $4.64 annualized dividend and a dividend yield of 2.83%. Mcdonald’s’s payout ratio is presently 60.66%.
Several equities analysts recently issued reports on the stock. Guggenheim upgraded shares of Mcdonald’s from a “neutral” rating to a “buy” rating and set a $200.00 target price on the stock in a report on Wednesday. They noted that the move was a valuation call. ValuEngine upgraded shares of Mcdonald’s from a “hold” rating to a “buy” rating in a report on Thursday. Goldman Sachs Group reiterated a “buy” rating and set a $192.00 price objective on shares of Mcdonald’s in a report on Friday, October 5th. Jefferies Financial Group set a $190.00 price objective on shares of Mcdonald’s and gave the company a “buy” rating in a report on Wednesday, September 26th. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $175.00 price objective on shares of Mcdonald’s in a report on Thursday, September 27th. Seven equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. Mcdonald’s presently has an average rating of “Buy” and a consensus target price of $183.29.
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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