Whitener Capital Management Inc. lifted its position in shares of Mcdonald’s Corp (NYSE:MCD) by 35.3% in the second quarter, Holdings Channel reports. The institutional investor owned 4,023 shares of the fast-food giant’s stock after acquiring an additional 1,050 shares during the period. Whitener Capital Management Inc.’s holdings in Mcdonald’s were worth $835,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Lourd Capital LLC boosted its holdings in Mcdonald’s by 8.2% in the second quarter. Lourd Capital LLC now owns 1,593 shares of the fast-food giant’s stock valued at $331,000 after acquiring an additional 121 shares during the last quarter. GFS Advisors LLC bought a new position in shares of Mcdonald’s during the 2nd quarter worth approximately $212,000. Hudson Valley Investment Advisors Inc. ADV boosted its holdings in shares of Mcdonald’s by 1.4% during the 2nd quarter. Hudson Valley Investment Advisors Inc. ADV now owns 5,601 shares of the fast-food giant’s stock worth $1,163,000 after buying an additional 75 shares in the last quarter. Dixon Hubard Feinour & Brown Inc. VA boosted its holdings in shares of Mcdonald’s by 4.4% during the 1st quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 7,094 shares of the fast-food giant’s stock worth $1,347,000 after buying an additional 297 shares in the last quarter. Finally, Advisory Services Network LLC boosted its holdings in shares of Mcdonald’s by 2.9% during the 1st quarter. Advisory Services Network LLC now owns 18,808 shares of the fast-food giant’s stock worth $3,572,000 after buying an additional 522 shares in the last quarter. 68.21% of the stock is owned by institutional investors.
A number of equities analysts have issued reports on MCD shares. BMO Capital Markets increased their price target on Mcdonald’s to $230.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $230.00 target price (up from $210.00) on shares of Mcdonald’s in a research report on Monday, July 15th. Zacks Investment Research raised Mcdonald’s from a “sell” rating to a “hold” rating in a research report on Friday, April 26th. Bank of America upped their target price on Mcdonald’s from $215.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, June 7th. Finally, Jefferies Financial Group upped their target price on Mcdonald’s from $225.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, June 28th. Eight analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $220.23.
NYSE:MCD traded up $0.20 during trading on Friday, reaching $218.47. The company’s stock had a trading volume of 2,389,200 shares, compared to its average volume of 3,313,021. The firm has a market cap of $165.91 billion, a price-to-earnings ratio of 27.65, a price-to-earnings-growth ratio of 3.10 and a beta of 0.49. The firm has a 50 day moving average of $213.85 and a 200-day moving average of $197.07. Mcdonald’s Corp has a 12 month low of $156.56 and a 12 month high of $221.93.
Mcdonald’s (NYSE:MCD) last announced its quarterly earnings data on Friday, July 26th. The fast-food giant reported $2.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.01). The business had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $5.34 billion. Mcdonald’s had a net margin of 28.32% and a negative return on equity of 92.02%. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter last year, the company earned $1.99 EPS. Equities analysts forecast that Mcdonald’s Corp will post 8 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be paid a $1.16 dividend. The ex-dividend date is Friday, August 30th. This represents a $4.64 dividend on an annualized basis and a yield of 2.12%. Mcdonald’s’s dividend payout ratio (DPR) is presently 58.73%.
In other Mcdonald’s news, EVP Silvia Lagnado sold 26,649 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $212.58, for a total value of $5,665,044.42. Following the completion of the transaction, the executive vice president now owns 40,129 shares in the company, valued at approximately $8,530,622.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ian Frederick Borden sold 4,149 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $199.22, for a total value of $826,563.78. The disclosure for this sale can be found here. 0.25% of the stock is owned by corporate insiders.
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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