JNBA Financial Advisors increased its holdings in Mcdonald’s Corp (NYSE:MCD) by 258.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,897 shares of the fast-food giant’s stock after buying an additional 17,225 shares during the period. Mcdonald’s accounts for 1.8% of JNBA Financial Advisors’ holdings, making the stock its 16th largest position. JNBA Financial Advisors’ holdings in Mcdonald’s were worth $3,998,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Fundsmith Equity Fund L.P. bought a new stake in shares of Mcdonald’s in the second quarter worth $1,191,239,000. AustralianSuper Pty Ltd bought a new stake in shares of Mcdonald’s in the second quarter worth $179,723,000. Scopus Asset Management L.P. grew its stake in shares of Mcdonald’s by 20.0% in the second quarter. Scopus Asset Management L.P. now owns 300,000 shares of the fast-food giant’s stock worth $47,007,000 after purchasing an additional 50,000 shares during the last quarter. Quad Cities Investment Group LLC bought a new stake in shares of Mcdonald’s in the second quarter worth $110,000. Finally, First Western Capital Management Co grew its stake in shares of Mcdonald’s by 24.9% in the second quarter. First Western Capital Management Co now owns 4,159 shares of the fast-food giant’s stock worth $652,000 after purchasing an additional 830 shares during the last quarter. Institutional investors own 66.92% of the company’s stock.
NYSE 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 capitalization of $137.12 billion, a price-to-earnings ratio of 26.54, a PEG ratio of 2.60 and a beta of 0.53.
Mcdonald’s (NYSE:MCD) last posted its earnings results on Tuesday, October 23rd. The fast-food giant reported $2.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.99 by $0.11. Mcdonald’s had a net margin of 24.56% and a negative return on equity of 116.43%. The business had revenue of $5.37 billion for the quarter, compared to analysts’ expectations of $5.28 billion. During the same period in the prior year, the company posted $1.76 EPS. The business’s revenue for the quarter was down 6.7% compared to the same quarter last year. As a group, equities analysts anticipate that Mcdonald’s Corp will post 7.75 earnings per share for the current fiscal year.
The business also recently disclosed 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 of this dividend is Friday, November 30th. This represents a $4.64 annualized dividend and a dividend yield of 2.63%. This is a boost from Mcdonald’s’s previous quarterly dividend of $1.01. Mcdonald’s’s dividend payout ratio (DPR) is 60.66%.
Several equities analysts recently issued reports on the stock. Royal Bank of Canada set a $175.00 target price on shares of Mcdonald’s and gave the company a “buy” rating in a report on Thursday, July 26th. Cleveland Research downgraded shares of Mcdonald’s from a “buy” rating to a “hold” rating in a research report on Wednesday, July 11th. Jefferies Financial Group reissued a “buy” rating and set a $200.00 target price on shares of Mcdonald’s in a research report on Wednesday, July 11th. Sanford C. Bernstein reissued a “buy” rating and set a $195.00 target price on shares of Mcdonald’s in a research report on Tuesday, October 23rd. Finally, Telsey Advisory Group decreased their target price on shares of Mcdonald’s from $190.00 to $175.00 and set an “outperform” rating for the company in a research report on Friday, July 27th. Seven analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $188.93.
In other news, insider Ian Frederick Borden sold 4,782 shares of the firm’s stock in a transaction on Thursday, October 25th. The shares were sold at an average price of $177.68, for a total transaction of $849,665.76. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Stephen Easterbrook sold 201,123 shares of the firm’s stock in a transaction on Wednesday, October 24th. The shares were sold at an average price of $175.63, for a total transaction of $35,323,232.49. Following the sale, the chief executive officer now owns 48,925 shares in the company, valued at approximately $8,592,697.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 221,041 shares of company stock worth $38,839,407. Corporate insiders own 0.22% of the company’s stock.
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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