First Personal Financial Services lessened its holdings in shares of Mcdonald’s Corp (NYSE:MCD) by 2.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,019 shares of the fast-food giant’s stock after selling 565 shares during the period. First Personal Financial Services’ holdings in Mcdonald’s were worth $3,684,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Principal Financial Group Inc. grew its holdings in Mcdonald’s by 7.2% during the 1st quarter. Principal Financial Group Inc. now owns 1,367,530 shares of the fast-food giant’s stock worth $213,854,000 after acquiring an additional 91,288 shares during the last quarter. IFM Investors Pty Ltd grew its holdings in Mcdonald’s by 44.7% during the 2nd quarter. IFM Investors Pty Ltd now owns 35,970 shares of the fast-food giant’s stock worth $5,636,000 after acquiring an additional 11,108 shares during the last quarter. CENTRAL TRUST Co lifted its position in Mcdonald’s by 1.0% during the 2nd quarter. CENTRAL TRUST Co now owns 129,413 shares of the fast-food giant’s stock valued at $20,277,000 after purchasing an additional 1,258 shares during the period. Lynch & Associates IN lifted its position in Mcdonald’s by 2.7% during the 2nd quarter. Lynch & Associates IN now owns 30,924 shares of the fast-food giant’s stock valued at $4,845,000 after purchasing an additional 801 shares during the period. Finally, Cullinan Associates Inc. lifted its position in Mcdonald’s by 628.1% during the 2nd quarter. Cullinan Associates Inc. now owns 39,316 shares of the fast-food giant’s stock valued at $6,160,000 after purchasing an additional 33,916 shares during the period. Hedge funds and other institutional investors own 66.92% of the company’s stock.
Shares of NYSE:MCD opened at $180.39 on Tuesday. The company has a market capitalization of $137.12 billion, a P/E ratio of 27.09, a PEG ratio of 2.60 and a beta of 0.53. Mcdonald’s Corp has a fifty-two week low of $146.84 and a fifty-two week high of $181.10.
Mcdonald’s (NYSE:MCD) last announced its quarterly earnings results on Tuesday, October 23rd. The fast-food giant reported $2.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.99 by $0.11. The business had revenue of $5.37 billion for the quarter, compared to the consensus estimate of $5.28 billion. Mcdonald’s had a net margin of 24.56% and a negative return on equity of 116.43%. Mcdonald’s’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same period last year, the company posted $1.76 EPS. Research analysts predict that Mcdonald’s Corp will post 7.75 earnings per share for the current fiscal year.
The company 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 $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.57%. This is an increase 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 currently 60.66%.
A number of research analysts have issued reports on MCD shares. Gordon Haskett started coverage on shares of Mcdonald’s in a research report on Thursday, October 18th. They set a “buy” rating and a $185.00 target price 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 research report on Friday, September 14th. ValuEngine upgraded shares of Mcdonald’s from a “hold” rating to a “buy” rating in a research report on Thursday, October 11th. Goldman Sachs Group restated a “buy” rating and set a $192.00 target price on shares of Mcdonald’s in a research report on Friday, October 5th. Finally, Wells Fargo & Co upped their target price on shares of Mcdonald’s from $180.00 to $185.00 and gave the company an “outperform” rating in a research report on Wednesday, August 8th. Seven research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. Mcdonald’s has an average rating of “Buy” and an average price target of $188.93.
In related news, 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 value of $2,666,509.12. Following the sale, the executive vice president now directly owns 17,306 shares in the company, valued at approximately $3,048,798.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Stephen Easterbrook sold 201,123 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 48,925 shares in the company, valued at $8,592,697.75. The disclosure for this sale can be found here. Insiders sold a total of 221,041 shares of company stock worth $38,839,407 over the last quarter. 0.22% of the stock is currently owned by corporate insiders.
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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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