Birinyi Associates Inc. Sells 1,500 Shares of Mcdonald’s Corp (MCD)

Birinyi Associates Inc. decreased its stake in shares of Mcdonald’s Corp (NYSE:MCD) by 8.9% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 15,372 shares of the fast-food giant’s stock after selling 1,500 shares during the period. Mcdonald’s accounts for 0.9% of Birinyi Associates Inc.’s investment portfolio, making the stock its 19th largest position. Birinyi Associates Inc.’s holdings in Mcdonald’s were worth $2,572,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Howard Capital Management increased its stake in Mcdonald’s by 1.7% in the 3rd quarter. Howard Capital Management now owns 18,127 shares of the fast-food giant’s stock worth $3,032,000 after acquiring an additional 300 shares during the last quarter. Palisade Asset Management LLC increased its stake in Mcdonald’s by 0.4% in the 3rd quarter. Palisade Asset Management LLC now owns 75,193 shares of the fast-food giant’s stock worth $12,579,000 after acquiring an additional 300 shares during the last quarter. Gilman Hill Asset Management LLC increased its stake in Mcdonald’s by 13.4% in the 3rd quarter. Gilman Hill Asset Management LLC now owns 2,531 shares of the fast-food giant’s stock worth $423,000 after acquiring an additional 300 shares during the last quarter. Parsec Financial Management Inc. increased its stake in Mcdonald’s by 8.3% in the 3rd quarter. Parsec Financial Management Inc. now owns 3,933 shares of the fast-food giant’s stock worth $658,000 after acquiring an additional 300 shares during the last quarter. Finally, Sound Income Strategies LLC increased its stake in Mcdonald’s by 69.2% in the 3rd quarter. Sound Income Strategies LLC now owns 743 shares of the fast-food giant’s stock worth $124,000 after acquiring an additional 304 shares during the last quarter. 66.92% of the stock is currently owned by institutional investors and hedge funds.

In other Mcdonald’s news, insider Ian Frederick Borden sold 4,782 shares of the stock in a transaction that occurred on Thursday, October 25th. The stock was sold at an average price of $177.68, for a total value of $849,665.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Stephen Easterbrook sold 201,123 shares of the stock in a transaction that occurred on Wednesday, October 24th. The stock was sold at an average price of $175.63, for a total value of $35,323,232.49. Following the completion of the sale, the chief executive officer now owns 48,925 shares of the company’s stock, valued at approximately $8,592,697.75. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 221,041 shares of company stock worth $38,839,407. 0.22% of the stock is owned by corporate insiders.

MCD opened at $176.75 on Monday. Mcdonald’s Corp has a 1 year low of $146.84 and a 1 year high of $178.96. The company has a market cap of $137.12 billion, a P/E ratio of 26.54, a P/E/G ratio of 2.60 and a beta of 0.53.

Mcdonald’s (NYSE:MCD) last posted its quarterly earnings results on Tuesday, October 23rd. The fast-food giant reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.99 by $0.11. Mcdonald’s had a negative return on equity of 130.19% and a net margin of 24.56%. The business had revenue of $5.37 billion for the quarter, compared to analyst estimates of $5.28 billion. During the same period last year, the company earned $1.76 EPS. Mcdonald’s’s revenue for the quarter was down 6.7% compared to the same quarter last year. On average, analysts predict that Mcdonald’s Corp will post 7.75 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Monday, December 3rd will be given a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 2.63%. This is a positive change from Mcdonald’s’s previous quarterly dividend of $1.01. The ex-dividend date is Friday, November 30th. Mcdonald’s’s dividend payout ratio (DPR) is presently 60.66%.

Several equities analysts have recently commented on MCD shares. SunTrust Banks increased their price objective on Mcdonald’s to $200.00 and gave the company a “buy” rating in a research report on Wednesday, October 24th. KeyCorp set a $195.00 price objective on Mcdonald’s and gave the company a “buy” rating in a research report on Wednesday, October 24th. Telsey Advisory Group increased their price objective on Mcdonald’s from $175.00 to $195.00 and gave the company an “outperform” rating in a research report on Wednesday, October 24th. Morgan Stanley reiterated a “neutral” rating and set a $173.00 price objective on shares of Mcdonald’s in a research report on Wednesday, October 24th. Finally, Royal Bank of Canada set a $190.00 price objective on Mcdonald’s and gave the company a “buy” rating in a research report on Wednesday, October 24th. Seven research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $188.93.

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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Institutional Ownership by Quarter for Mcdonald`s (NYSE:MCD)

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