McDonald’s Corporation (MCD) Holdings Decreased by Markston International LLC

Markston International LLC lessened its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 2.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 40,483 shares of the fast-food giant’s stock after selling 868 shares during the quarter. Markston International LLC’s holdings in McDonald’s Corporation were worth $6,201,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of MCD. Canada Pension Plan Investment Board raised its position in shares of McDonald’s Corporation by 1.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 449,237 shares of the fast-food giant’s stock worth $68,805,000 after buying an additional 4,300 shares during the period. Legacy Capital Partners Inc. raised its position in shares of McDonald’s Corporation by 7.0% in the 1st quarter. Legacy Capital Partners Inc. now owns 26,154 shares of the fast-food giant’s stock worth $3,390,000 after buying an additional 1,706 shares during the period. Teacher Retirement System of Texas raised its position in shares of McDonald’s Corporation by 10.6% in the 2nd quarter. Teacher Retirement System of Texas now owns 467,212 shares of the fast-food giant’s stock worth $71,558,000 after buying an additional 44,899 shares during the period. Holderness Investments Co. raised its position in shares of McDonald’s Corporation by 323.7% in the 1st quarter. Holderness Investments Co. now owns 10,589 shares of the fast-food giant’s stock worth $1,372,000 after buying an additional 8,090 shares during the period. Finally, Cypress Asset Management Inc. TX raised its position in shares of McDonald’s Corporation by 136.4% in the 2nd quarter. Cypress Asset Management Inc. TX now owns 28,274 shares of the fast-food giant’s stock worth $4,330,000 after buying an additional 16,315 shares during the period. 69.01% of the stock is currently owned by institutional investors.

McDonald’s Corporation (MCD) opened at $168.11 on Wednesday. The company has a quick ratio of 1.27, a current ratio of 1.28 and a debt-to-equity ratio of -8.17. McDonald’s Corporation has a twelve month low of $117.02 and a twelve month high of $170.92. The stock has a market cap of $133,424.95, a PE ratio of 26.15, a price-to-earnings-growth ratio of 2.74 and a beta of 0.67.

McDonald’s Corporation (NYSE:MCD) last issued its earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.75 by $0.01. McDonald’s Corporation had a net margin of 24.19% and a negative return on equity of 216.45%. The firm had revenue of $5.75 billion for the quarter, compared to analysts’ expectations of $5.75 billion. During the same quarter last year, the company posted $1.62 earnings per share. McDonald’s Corporation’s revenue was down 10.4% on a year-over-year basis. equities analysts expect that McDonald’s Corporation will post 6.52 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a $1.01 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $4.04 dividend on an annualized basis and a yield of 2.40%. This is a boost from McDonald’s Corporation’s previous quarterly dividend of $0.94. McDonald’s Corporation’s dividend payout ratio (DPR) is currently 54.26%.

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In other McDonald’s Corporation news, VP James R. Sappington sold 8,046 shares of the firm’s stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $165.00, for a total value of $1,327,590.00. Following the transaction, the vice president now owns 15,739 shares of the company’s stock, valued at $2,596,935. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.24% of the company’s stock.

MCD has been the topic of several research reports. Jefferies Group LLC reaffirmed a “hold” rating and issued a $140.00 target price on shares of McDonald’s Corporation in a research report on Wednesday, July 19th. Nomura set a $172.00 target price on McDonald’s Corporation and gave the stock a “buy” rating in a research report on Wednesday, July 19th. Barclays PLC set a $164.00 target price on McDonald’s Corporation and gave the stock a “buy” rating in a research report on Wednesday, July 19th. Morgan Stanley set a $150.00 target price on McDonald’s Corporation and gave the stock a “neutral” rating in a research report on Wednesday, July 19th. Finally, J P Morgan Chase & Co set a $170.00 target price on McDonald’s Corporation and gave the stock a “buy” rating in a research report on Thursday, July 20th. Eleven analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $169.96.

McDonald’s Corporation Company Profile

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)

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