Bellecapital International Ltd. lowered its holdings in Mcdonald’s Corp (NYSE:MCD) by 28.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,646 shares of the fast-food giant’s stock after selling 1,447 shares during the period. Bellecapital International Ltd.’s holdings in Mcdonald’s were worth $610,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. FMR LLC lifted its position in shares of Mcdonald’s by 5.5% during 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 buying an additional 1,014,792 shares during the last quarter. Fundsmith Equity Fund L.P. purchased a new position in shares of Mcdonald’s during the 2nd quarter valued at $1,191,239,000. Janus Henderson Group PLC lifted its position in shares of Mcdonald’s by 5.4% during the 2nd 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 last quarter. Magellan Asset Management Ltd lifted its position in shares of Mcdonald’s by 0.4% during the 2nd 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 last quarter. Finally, Morgan Stanley lifted its position in shares of Mcdonald’s by 9.6% during the 2nd 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 last quarter. 66.98% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts recently issued reports on the company. Goldman Sachs Group increased their price objective on Mcdonald’s from $179.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, September 11th. Imperial Capital dropped their price objective on Mcdonald’s from $190.00 to $175.00 and set an “outperform” rating on the stock in a report on Friday, July 27th. Royal Bank of Canada reissued a “buy” rating and set a $175.00 price objective on shares of Mcdonald’s in a report on Thursday, August 16th. Jefferies Financial Group set a $190.00 price objective on Mcdonald’s and gave the stock a “buy” rating in a report on Wednesday, September 26th. Finally, Wells Fargo & Co increased their price objective on Mcdonald’s from $180.00 to $185.00 and gave the stock an “outperform” rating in a report on Wednesday, August 8th. Seven equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $183.29.
Shares of NYSE MCD opened at $163.82 on Friday. The stock has a market capitalization of $129.78 billion, a price-to-earnings ratio of 24.60, a price-to-earnings-growth ratio of 2.49 and a beta of 0.66. The company has a debt-to-equity ratio of -5.24, a quick ratio of 1.45 and a current ratio of 1.47. Mcdonald’s Corp has a twelve month low of $146.84 and a twelve month high of $178.70.
Mcdonald’s (NYSE:MCD) last announced its earnings results on Thursday, July 26th. The fast-food giant reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates of $1.92 by $0.07. The business 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 in the prior year, the company earned $1.73 EPS. Research analysts forecast that Mcdonald’s Corp will post 7.65 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 3rd will be paid a $1.16 dividend. This is a positive change 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 of this dividend is Friday, November 30th. Mcdonald’s’s dividend payout ratio 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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