Sandhill Capital Partners LLC grew its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 2.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,314 shares of the fast-food giant’s stock after purchasing an additional 114 shares during the period. Sandhill Capital Partners LLC’s holdings in McDonald’s were worth $661,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Proficio Capital Partners LLC lifted its stake 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 valued at $111,000 after buying an additional 346 shares in the last quarter. Acrospire Investment Management LLC purchased a new stake in McDonald’s in the 2nd quarter valued at approximately $153,000. Harvest Fund Management Co. Ltd purchased a new stake in McDonald’s in the 2nd quarter valued at approximately $162,000. QCI Asset Management Inc. NY lifted its stake in McDonald’s by 22.4% in the 2nd quarter. QCI Asset Management Inc. NY now owns 1,094 shares of the fast-food giant’s stock valued at $168,000 after buying an additional 200 shares in the last quarter. Finally, AlphaMark Advisors LLC lifted its stake in McDonald’s by 0.4% in the 2nd quarter. AlphaMark Advisors LLC now owns 1,288 shares of the fast-food giant’s stock valued at $197,000 after buying an additional 5 shares in the last quarter. Institutional investors own 67.40% of the company’s stock.
In related news, insider Stephen Easterbrook sold 171,577 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $168.32, for a total value of $28,879,840.64. Following the completion of the sale, the insider now directly owns 49,778 shares in the company, valued at approximately $8,378,632.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP James R. Sappington sold 8,046 shares of the stock in a transaction on 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 completion of 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. Corporate insiders own 0.24% of the company’s stock.
A number of equities research analysts recently issued reports on MCD shares. Canaccord Genuity reaffirmed a “hold” rating and issued a $170.00 target price on shares of McDonald’s in a research note on Friday, October 6th. Nomura set a $180.00 target price on McDonald’s and gave the company a “buy” rating in a research note on Wednesday, October 25th. Jefferies Group upgraded McDonald’s from a “hold” rating to a “buy” rating and boosted their price target for the company from $150.00 to $200.00 in a report on Tuesday, December 5th. Argus reiterated a “buy” rating on shares of McDonald’s in a report on Tuesday, October 17th. Finally, Piper Jaffray Companies set a $170.00 price target on McDonald’s and gave the company a “buy” rating in a report on Thursday, October 12th. Ten investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. McDonald’s currently has an average rating of “Buy” and a consensus target price of $174.32.
McDonald’s Corporation (NYSE:MCD) traded up $0.24 during mid-day trading on Monday, hitting $173.15. The stock had a trading volume of 2,241,100 shares, compared to its average volume of 3,461,210. The firm has a market cap of $138,032.69, a P/E ratio of 27.06, a price-to-earnings-growth ratio of 2.83 and a beta of 0.67. The company has a current ratio of 1.28, a quick ratio of 1.27 and a debt-to-equity ratio of -8.17. McDonald’s Corporation has a 1-year low of $118.18 and a 1-year high of $174.44.
McDonald’s (NYSE:MCD) last released its quarterly earnings data on Tuesday, October 24th. The fast-food giant reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.01. The business had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.75 billion. McDonald’s had a negative return on equity of 216.45% and a net margin of 24.19%. The business’s revenue for the quarter was down 10.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.62 EPS. equities analysts forecast that McDonald’s Corporation will post 6.53 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.33%. This is an increase from McDonald’s’s previous quarterly dividend of $0.94. The ex-dividend date is Thursday, November 30th. McDonald’s’s dividend payout ratio is presently 58.30%.
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McDonald’s 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.
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