Birmingham Capital Management Co. Inc. AL Has $6.81 Million Stake in McDonald’s Corporation (MCD)

Birmingham Capital Management Co. Inc. AL lowered its holdings in McDonald’s Corporation (NYSE:MCD) by 1.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,460 shares of the fast-food giant’s stock after selling 820 shares during the period. McDonald’s Corporation makes up 2.7% of Birmingham Capital Management Co. Inc. AL’s portfolio, making the stock its 9th biggest position. Birmingham Capital Management Co. Inc. AL’s holdings in McDonald’s Corporation were worth $6,809,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Orrstown Financial Services Inc. increased its stake in shares of McDonald’s Corporation by 17.2% in the second quarter. Orrstown Financial Services Inc. now owns 709 shares of the fast-food giant’s stock worth $108,000 after acquiring an additional 104 shares during the last quarter. Proficio Capital Partners LLC increased its position in McDonald’s Corporation by 87.8% during the first quarter. Proficio Capital Partners LLC now owns 740 shares of the fast-food giant’s stock worth $111,000 after buying an additional 346 shares during the last quarter. Vigilant Capital Management LLC increased its position in McDonald’s Corporation by 9.4% during the first quarter. Vigilant Capital Management LLC now owns 977 shares of the fast-food giant’s stock worth $127,000 after buying an additional 84 shares during the last quarter. Signature Estate & Investment Advisors LLC acquired a new position in McDonald’s Corporation during the first quarter worth $146,000. Finally, Acrospire Investment Management LLC acquired a new position in McDonald’s Corporation during the second quarter worth $153,000. Institutional investors own 67.92% of the company’s stock.

Shares of McDonald’s Corporation (NYSE MCD) opened at 159.60 on Monday. The company has a market capitalization of $129.28 billion, a price-to-earnings ratio of 26.13 and a beta of 0.69. McDonald’s Corporation has a 12 month low of $110.33 and a 12 month high of $161.72. The firm’s 50-day moving average is $158.15 and its 200 day moving average is $149.51.

McDonald’s Corporation (NYSE:MCD) last posted its earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.08. McDonald’s Corporation had a net margin of 21.00% and a negative return on equity of 264.89%. The firm had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.96 billion. During the same period last year, the firm posted $1.45 earnings per share. McDonald’s Corporation’s revenue for the quarter was down 3.4% compared to the same quarter last year. Equities analysts expect that McDonald’s Corporation will post $6.56 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a $1.01 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This is an increase from McDonald’s Corporation’s previous quarterly dividend of $0.94. This represents a $4.04 dividend on an annualized basis and a yield of 2.53%. McDonald’s Corporation’s dividend payout ratio (DPR) is currently 61.54%.

MCD has been the topic of several research analyst reports. BTIG Research raised their price target on McDonald’s Corporation from $165.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, June 29th. Canaccord Genuity reiterated a “hold” rating and issued a $170.00 target price on shares of McDonald’s Corporation in a research note on Friday. Piper Jaffray Companies reiterated a “buy” rating and issued a $153.00 target price on shares of McDonald’s Corporation in a research note on Friday, July 14th. Jefferies Group LLC restated a “hold” rating and set a $140.00 price target on shares of McDonald’s Corporation in a research note on Wednesday, July 19th. Finally, Bank of America Corporation raised their price target on shares of McDonald’s Corporation from $165.00 to $175.00 and gave the stock a “buy” rating in a research note on Tuesday, June 13th. Ten research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. McDonald’s Corporation currently has an average rating of “Buy” and an average target price of $166.41.

In related news, EVP David Ogden Fairhurst sold 4,782 shares of McDonald’s Corporation stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $157.05, for a total value of $751,013.10. Following the completion of the sale, the executive vice president now directly owns 6,954 shares in the company, valued at $1,092,125.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 10,793 shares of McDonald’s Corporation stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $154.44, for a total value of $1,666,870.92. Following the completion of the sale, the insider now owns 7,318 shares of the company’s stock, valued at $1,130,191.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 69,938 shares of company stock valued at $11,033,009. 0.24% of the stock is owned by corporate insiders.

COPYRIGHT VIOLATION NOTICE: This report was published by Transcript Daily and is the sole property of of Transcript Daily. If you are viewing this report on another website, it was copied illegally and reposted in violation of US and international trademark & copyright legislation. The original version of this report can be viewed at https://transcriptdaily.com/2017/10/09/birmingham-capital-management-co-inc-al-has-6-81-million-stake-in-mcdonalds-corporation-mcd.html.

About McDonald’s Corporation

McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.

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

Receive News & Ratings for McDonald's Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDonald's Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply