Osborn Williams & Donohoe LLC lessened its stake in Mcdonald’s Corp (NYSE:MCD) by 1.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,804 shares of the fast-food giant’s stock after selling 684 shares during the period. Osborn Williams & Donohoe LLC’s holdings in Mcdonald’s were worth $7,643,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently bought and sold shares of MCD. Burney Co. boosted its position in shares of Mcdonald’s by 6.1% during the 4th quarter. Burney Co. now owns 17,511 shares of the fast-food giant’s stock worth $3,109,000 after acquiring an additional 1,009 shares in the last quarter. Northern Trust Corp boosted its position in shares of Mcdonald’s by 2.8% during the 4th quarter. Northern Trust Corp now owns 11,680,799 shares of the fast-food giant’s stock worth $2,074,161,000 after acquiring an additional 317,676 shares in the last quarter. NumerixS Investment Technologies Inc acquired a new stake in shares of Mcdonald’s during the 4th quarter worth approximately $1,026,000. King Luther Capital Management Corp boosted its position in shares of Mcdonald’s by 1.6% during the 4th quarter. King Luther Capital Management Corp now owns 25,193 shares of the fast-food giant’s stock worth $4,474,000 after acquiring an additional 400 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its position in shares of Mcdonald’s by 1.3% during the 4th quarter. CIBC Asset Management Inc now owns 79,750 shares of the fast-food giant’s stock worth $14,161,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors own 68.03% of the company’s stock.
In other news, insider Ian Frederick Borden sold 4,149 shares of the stock in a transaction on Monday, May 20th. The shares were sold at an average price of $199.22, for a total transaction of $826,563.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Silvia Lagnado sold 26,649 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $212.58, for a total transaction of $5,665,044.42. Following the sale, the executive vice president now owns 40,129 shares of the company’s stock, valued at $8,530,622.82. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by company insiders.
Shares of MCD stock traded up $3.25 during trading hours on Wednesday, hitting $217.34. 1,853,472 shares of the company’s stock traded hands, compared to its average volume of 2,776,640. The firm has a 50 day moving average price of $210.96. The stock has a market cap of $163.77 billion, a PE ratio of 27.51, a PEG ratio of 3.07 and a beta of 0.49. Mcdonald’s Corp has a 12 month low of $155.84 and a 12 month high of $218.96.
Mcdonald’s (NYSE:MCD) last released its quarterly earnings results on Friday, July 26th. The fast-food giant reported $2.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.06 by ($0.01). The business had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.34 billion. Mcdonald’s had a net margin of 28.32% and a negative return on equity of 92.99%. Mcdonald’s’s revenue was down .2% on a year-over-year basis. During the same period in the previous year, the business posted $1.99 EPS. Sell-side analysts expect that Mcdonald’s Corp will post 8 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be paid a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Friday, August 30th. Mcdonald’s’s payout ratio is currently 58.73%.
Several analysts recently issued reports on the stock. Wells Fargo & Co increased their price target on shares of Mcdonald’s from $235.00 to $237.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Cleveland Research reissued a “hold” rating on shares of Mcdonald’s in a research note on Friday, July 12th. DZ Bank reissued a “hold” rating and issued a $220.00 price objective (down previously from $222.00) on shares of Mcdonald’s in a research note on Tuesday, July 30th. KeyCorp increased their price objective on shares of Mcdonald’s from $215.00 to $235.00 and gave the company an “overweight” rating in a research note on Monday, July 29th. Finally, Jefferies Financial Group increased their price objective on shares of Mcdonald’s from $225.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, June 28th. Eight equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $219.23.
Mcdonald’s Company Profile
McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products, soft drinks, coffee, and other beverages, as well as breakfast menu. As of December 31, 2018, the company operated 37,855 restaurants, including 35,085 franchised restaurants comprising 21,685 franchised to conventional franchisees, 7,225 licensed to developmental licensees, and 6,175 licensed to foreign affiliates; and 2,770 company-operated restaurants.
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