Slow Capital Inc. Cuts Stock Position in Mcdonald’s Corp (NYSE:MCD)

Slow Capital Inc. cut its stake in shares of Mcdonald’s Corp (NYSE:MCD) by 4.4% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,333 shares of the fast-food giant’s stock after selling 61 shares during the period. Slow Capital Inc.’s holdings in Mcdonald’s were worth $277,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in MCD. Litman Gregory Asset Management LLC acquired a new position in shares of Mcdonald’s during the second quarter worth about $27,000. Atlas Capital Advisors LLC grew its position in shares of Mcdonald’s by 330.3% during the second quarter. Atlas Capital Advisors LLC now owns 142 shares of the fast-food giant’s stock worth $29,000 after buying an additional 109 shares in the last quarter. Aspire Private Capital LLC acquired a new position in shares of Mcdonald’s during the fourth quarter worth about $32,000. Westside Investment Management Inc. acquired a new position in shares of Mcdonald’s during the second quarter worth about $34,000. Finally, Canton Hathaway LLC acquired a new position in shares of Mcdonald’s during the first quarter worth about $35,000. 68.21% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently commented on MCD shares. Goldman Sachs Group started coverage on Mcdonald’s in a research report on Monday, July 29th. They set a “buy” rating and a $250.00 price objective for the company. Zacks Investment Research raised Mcdonald’s from a “sell” rating to a “hold” rating in a research report on Friday, April 26th. UBS Group boosted their price objective on Mcdonald’s from $203.00 to $218.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Robert W. Baird upped their price target on Mcdonald’s from $225.00 to $230.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Finally, MKM Partners began coverage on Mcdonald’s in a report on Tuesday. They issued a “buy” rating and a $250.00 price target for the company. Eight equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $220.23.

In other news, insider Ian Frederick Borden sold 4,149 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $199.22, for a total value of $826,563.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Silvia Lagnado sold 26,649 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $212.58, for a total value of $5,665,044.42. Following the completion of the sale, the executive vice president now directly owns 40,129 shares of the company’s stock, valued at $8,530,622.82. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by corporate insiders.

Shares of MCD stock traded up $1.02 during trading hours on Wednesday, hitting $218.18. The stock had a trading volume of 765,541 shares, compared to its average volume of 3,127,347. The company has a market capitalization of $167.95 billion, a price-to-earnings ratio of 27.62, a PEG ratio of 3.17 and a beta of 0.49. Mcdonald’s Corp has a twelve month low of $156.56 and a twelve month high of $221.93. The stock has a 50 day moving average price of $213.10.

Mcdonald’s (NYSE:MCD) last posted its quarterly earnings data on Friday, July 26th. The fast-food giant reported $2.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.06 by ($0.01). The firm had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.34 billion. Mcdonald’s had a net margin of 28.32% and a negative return on equity of 92.02%. Mcdonald’s’s revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.99 earnings per share. As a group, equities research analysts forecast that Mcdonald’s Corp will post 8 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be issued a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend is Friday, August 30th. Mcdonald’s’s payout ratio is currently 58.73%.

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, 2018, the company operated 37,855 restaurants, including 35,085 franchised restaurants comprising 21,685 franchised to conventional franchisees, 7,225 licensed to developmental licensees, and 6,175 licensed to foreign affiliates; and 2,770 company-operated restaurants.

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

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