McDonald’s Corporation (MCD) is Bank Pictet & Cie Asia Ltd.’s 6th Largest Position

Bank Pictet & Cie Asia Ltd. decreased its holdings in McDonald’s Corporation (NYSE:MCD) by 8.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 72,000 shares of the fast-food giant’s stock after selling 6,500 shares during the period. McDonald’s accounts for approximately 5.2% of Bank Pictet & Cie Asia Ltd.’s holdings, making the stock its 6th biggest holding. Bank Pictet & Cie Asia Ltd.’s holdings in McDonald’s were worth $11,028,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Proficio Capital Partners LLC raised its position in McDonald’s by 87.8% in the 1st quarter. Proficio Capital Partners LLC now owns 740 shares of the fast-food giant’s stock worth $111,000 after purchasing an additional 346 shares during the period. Acrospire Investment Management LLC purchased a new position in shares of McDonald’s during the second quarter worth approximately $153,000. QCI Asset Management Inc. NY increased its position in shares of McDonald’s by 22.4% during the second quarter. QCI Asset Management Inc. NY now owns 1,094 shares of the fast-food giant’s stock worth $168,000 after acquiring an additional 200 shares during the period. Thompson Siegel & Walmsley LLC increased its position in shares of McDonald’s by 4.0% during the second quarter. Thompson Siegel & Walmsley LLC now owns 1,285 shares of the fast-food giant’s stock worth $197,000 after acquiring an additional 50 shares during the period. Finally, AlphaMark Advisors LLC increased its position in shares of McDonald’s by 0.4% during the second quarter. AlphaMark Advisors LLC now owns 1,288 shares of the fast-food giant’s stock worth $197,000 after acquiring an additional 5 shares during the period. 67.95% of the stock is owned by hedge funds and other institutional investors.

In related news, VP James R. Sappington sold 8,046 shares of the firm’s stock in a transaction on 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 completion of 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 SEC, which is available at the SEC website. Also, insider Stephen Easterbrook sold 171,577 shares of McDonald’s stock in a transaction on 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 transaction, the insider now directly owns 49,778 shares of the company’s stock, valued at approximately $8,378,632.96. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.

McDonald’s Corporation (MCD) traded down $0.45 during trading hours on Monday, hitting $168.66. 416,005 shares of the stock traded hands, compared to its average volume of 3,463,016. McDonald’s Corporation has a 1-year low of $117.71 and a 1-year high of $170.92. The company has a quick ratio of 1.27, a current ratio of 1.28 and a debt-to-equity ratio of -8.17. The firm has a market capitalization of $134,812.13, a P/E ratio of 26.42, a P/E/G ratio of 2.77 and a beta of 0.67.

McDonald’s (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 Thomson Reuters’ consensus estimate 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 firm had revenue of $5.75 billion during the quarter, compared to analysts’ expectations of $5.75 billion. During the same quarter last year, the company posted $1.62 earnings per share. The firm’s revenue was down 10.4% compared to the same quarter last year. research analysts forecast that McDonald’s Corporation will post 6.52 earnings per share for the current fiscal year.

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

A number of equities analysts have recently commented on MCD shares. Canaccord Genuity reaffirmed a “hold” rating and set a $170.00 target price on shares of McDonald’s in a research report on Friday, October 6th. Nomura set a $180.00 target price on shares of McDonald’s and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Vetr raised shares of McDonald’s from a “sell” rating to a “hold” rating and set a $159.47 target price on the stock in a research report on Thursday, August 3rd. Argus reaffirmed a “buy” rating on shares of McDonald’s in a research report on Tuesday, October 17th. Finally, Piper Jaffray Companies set a $170.00 target price on shares of McDonald’s and gave the stock a “buy” rating in a research report on Thursday, October 12th. Eleven analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $169.96.

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About McDonald’s

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

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