Capital Advantage Inc. Trims Position in Mcdonald’s Corp (MCD)

Capital Advantage Inc. cut its stake in Mcdonald’s Corp (NYSE:MCD) by 11.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,940 shares of the fast-food giant’s stock after selling 393 shares during the period. Capital Advantage Inc.’s holdings in Mcdonald’s were worth $492,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC raised its holdings in shares of 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 last quarter. Fundsmith Equity Fund L.P. purchased a new stake in shares of Mcdonald’s in the second quarter valued at about $1,191,239,000. Janus Henderson Group PLC raised its holdings in shares of 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 last quarter. Magellan Asset Management Ltd raised its holdings in shares of 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 last quarter. Finally, Morgan Stanley raised its holdings in shares of 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 last quarter. 66.92% of the stock is owned by hedge funds and other institutional investors.

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

In other Mcdonald’s news, CEO Stephen Easterbrook sold 201,123 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 48,925 shares in the company, valued at $8,592,697.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Francesca A. Debiase sold 15,136 shares of the stock in a transaction that occurred on Wednesday, October 24th. The shares were sold at an average price of $176.17, for a total transaction of $2,666,509.12. Following the completion of the sale, the executive vice president now owns 17,306 shares in the company, valued at $3,048,798.02. The disclosure for this sale can be found here. Insiders have sold 221,041 shares of company stock worth $38,839,407 over the last 90 days. 0.22% of the stock is currently owned by company insiders.

Shares of MCD opened at $180.39 on Tuesday. Mcdonald’s Corp has a twelve month low of $146.84 and a twelve month high of $181.10. The stock has a market cap of $137.12 billion, a price-to-earnings ratio of 27.09, a P/E/G ratio of 2.60 and a beta of 0.53.

Mcdonald’s (NYSE:MCD) last issued its earnings results on Tuesday, October 23rd. The fast-food giant reported $2.10 earnings per share for the quarter, topping the 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 company had revenue of $5.37 billion for the quarter, compared to analyst estimates of $5.28 billion. During the same period in the prior year, the business posted $1.76 earnings per share. The firm’s revenue for the quarter was down 6.7% compared to the same quarter last year. Equities analysts anticipate that Mcdonald’s Corp will post 7.75 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 3rd will be given a dividend of $1.16 per share. This is a positive change from Mcdonald’s’s previous quarterly dividend of $1.01. This represents a $4.64 annualized dividend and a yield of 2.57%. The ex-dividend date is Friday, November 30th. Mcdonald’s’s dividend payout ratio is presently 60.66%.

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About Mcdonald’s

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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