Cim LLC grew its stake in McDonald’s Corporation (NYSE:MCD) by 1.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,065 shares of the fast-food giant’s stock after purchasing an additional 25 shares during the quarter. Cim LLC’s holdings in McDonald’s were worth $316,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in MCD. Jennison Associates LLC lifted its stake in shares of McDonald’s by 681.3% in the second quarter. Jennison Associates LLC now owns 6,109,830 shares of the fast-food giant’s stock worth $935,782,000 after buying an additional 5,327,778 shares in the last quarter. Harbour Capital Advisors LLC lifted its stake in shares of McDonald’s by 12,624.8% in the second quarter. Harbour Capital Advisors LLC now owns 767,178 shares of the fast-food giant’s stock worth $5,009,000 after buying an additional 761,149 shares in the last quarter. Private Vista LLC lifted its stake in shares of McDonald’s by 7,878.0% in the second quarter. Private Vista LLC now owns 692,806 shares of the fast-food giant’s stock worth $657,000 after buying an additional 684,122 shares in the last quarter. Swiss National Bank lifted its stake in shares of McDonald’s by 18.0% in the first quarter. Swiss National Bank now owns 3,653,548 shares of the fast-food giant’s stock worth $473,536,000 after buying an additional 558,300 shares in the last quarter. Finally, Karp Capital Management Corp purchased a new position in shares of McDonald’s in the first quarter worth about $66,583,000. Institutional investors and hedge funds own 67.95% of the company’s stock.
Shares of McDonald’s Corporation (MCD) opened at $169.11 on Friday. McDonald’s Corporation has a 12-month low of $117.71 and a 12-month high of $170.92. The firm has a market cap of $134,812.13, a PE ratio of 26.42, a price-to-earnings-growth ratio of 2.77 and a beta of 0.67. The company has a debt-to-equity ratio of -8.17, a quick ratio of 1.27 and a current ratio of 1.28.
McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.01. McDonald’s had a net margin of 24.19% and a negative return on equity of 216.45%. The business had revenue of $5.75 billion during the quarter, compared to analysts’ expectations of $5.75 billion. During the same period last year, the business earned $1.62 earnings per share. The business’s revenue for the quarter was down 10.4% on a year-over-year basis. equities research analysts anticipate that McDonald’s Corporation will post 6.52 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $1.01 per share. The ex-dividend date of this dividend is Thursday, November 30th. This is a boost from McDonald’s’s previous quarterly dividend of $0.94. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.39%. McDonald’s’s dividend payout ratio (DPR) is currently 54.26%.
Several equities analysts have recently weighed in on the stock. Goldman Sachs Group Inc set a $173.00 price target on shares of McDonald’s and gave the stock a “buy” rating in a research note on Wednesday, November 8th. Deutsche Bank AG set a $185.00 target price on shares of McDonald’s and gave the stock a “buy” rating in a research note on Friday, October 20th. Argus reaffirmed a “buy” rating on shares of McDonald’s in a research note on Tuesday, October 17th. Barclays PLC set a $182.00 target price on shares of McDonald’s and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Finally, Nomura set a $183.00 target price on shares of McDonald’s and gave the stock a “buy” rating in a research note on Tuesday, October 17th. Eleven analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $169.96.
In other McDonald’s news, insider Stephen Easterbrook sold 171,577 shares of McDonald’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $168.32, for a total transaction of $28,879,840.64. Following the completion of the sale, the insider now directly owns 49,778 shares in the company, valued at $8,378,632.96. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP James R. Sappington sold 8,046 shares of McDonald’s stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $165.00, for a total transaction of $1,327,590.00. Following the sale, the vice president now owns 15,739 shares of the company’s stock, valued at $2,596,935. The disclosure for this sale can be found here. 0.24% of the stock is owned by company insiders.
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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.
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