Rathbone Brothers plc boosted its position in Mcdonald’s Corp (NYSE:MCD) by 3.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 22,268 shares of the fast-food giant’s stock after purchasing an additional 822 shares during the period. Rathbone Brothers plc’s holdings in Mcdonald’s were worth $3,725,000 as of its most recent filing with the SEC.
A number of other large investors have also recently modified their holdings of the stock. Fundsmith Equity Fund L.P. bought a new position in Mcdonald’s in the 2nd quarter valued at about $1,191,239,000. AustralianSuper Pty Ltd bought a new position in Mcdonald’s in the 2nd quarter valued at about $179,723,000. Amundi Pioneer Asset Management Inc. raised its holdings in Mcdonald’s by 103.8% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 2,043,158 shares of the fast-food giant’s stock valued at $319,509,000 after acquiring an additional 1,040,636 shares during the period. FMR LLC raised its holdings in Mcdonald’s by 5.5% in the 2nd quarter. FMR LLC now owns 19,483,955 shares of the fast-food giant’s stock valued at $3,052,941,000 after acquiring an additional 1,014,792 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec raised its holdings in Mcdonald’s by 30.3% in the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,808,550 shares of the fast-food giant’s stock valued at $440,072,000 after acquiring an additional 652,752 shares during the period. Institutional investors and hedge funds own 66.98% of the company’s stock.
Several research firms have weighed in on MCD. 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. Cleveland Research cut shares of Mcdonald’s from a “buy” rating to a “hold” rating in a report on Wednesday, July 11th. Jefferies Financial Group reissued a “buy” rating and issued a $200.00 price target on shares of Mcdonald’s in a report on Wednesday, July 11th. Telsey Advisory Group lowered their price target on shares of Mcdonald’s from $190.00 to $175.00 and set an “outperform” rating on the stock in a report on Friday, July 27th. Finally, Stifel Nicolaus reissued a “neutral” rating and issued a $168.00 price target on shares of Mcdonald’s in a report on Monday, August 20th. Seven equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. Mcdonald’s currently has an average rating of “Buy” and an average target price of $183.29.
Shares of MCD opened at $163.82 on Friday. Mcdonald’s Corp has a 12 month low of $146.84 and a 12 month high of $178.70. The company 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. 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 Thomson Reuters’ 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 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 earnings per share. The business’s revenue for the quarter was down 11.5% on a year-over-year basis. As a group, equities analysts predict that Mcdonald’s Corp will post 7.65 EPS for the current 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 issued a dividend of $1.16 per share. The ex-dividend date is Friday, November 30th. This is a boost 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 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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