SNS Financial Group LLC boosted its holdings in shares of Mcdonald’s Corp (NYSE:MCD) by 10.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,693 shares of the fast-food giant’s stock after buying an additional 244 shares during the quarter. SNS Financial Group LLC’s holdings in Mcdonald’s were worth $559,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of the business. Atlas Capital Advisors LLC boosted its holdings in Mcdonald’s by 330.3% during the second quarter. Atlas Capital Advisors LLC now owns 142 shares of the fast-food giant’s stock valued at $29,000 after acquiring an additional 109 shares during the period. Westside Investment Management Inc. bought a new stake in Mcdonald’s during the second quarter valued at about $34,000. Aspire Private Capital LLC bought a new stake in Mcdonald’s during the fourth quarter valued at about $32,000. Canton Hathaway LLC bought a new stake in Mcdonald’s during the first quarter valued at about $35,000. Finally, Financial Gravity Wealth Inc. bought a new stake in Mcdonald’s during the first quarter valued at about $46,000. 68.03% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Ian Frederick Borden sold 4,149 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $199.22, for a total value of $826,563.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Silvia Lagnado sold 26,649 shares of the stock in a transaction dated 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 completion of the transaction, the executive vice president now directly owns 40,129 shares of the company’s stock, valued at approximately $8,530,622.82. The disclosure for this sale can be found here. Corporate insiders own 0.25% of the company’s stock.
NYSE:MCD traded up $2.67 during mid-day trading on Wednesday, hitting $216.75. The company’s stock had a trading volume of 191,397 shares, compared to its average volume of 2,776,640. Mcdonald’s Corp has a fifty-two week low of $155.84 and a fifty-two week high of $218.96. The firm has a market cap of $163.77 billion, a P/E ratio of 27.45, a price-to-earnings-growth ratio of 3.07 and a beta of 0.49. The company has a fifty day simple moving average of $210.96.
Mcdonald’s (NYSE:MCD) last posted 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). Mcdonald’s had a negative return on equity of 92.99% and a net margin of 28.32%. The business had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.34 billion. During the same period last year, the company earned $1.99 EPS. The business’s revenue for the quarter was down .2% on a year-over-year basis. As a group, sell-side analysts anticipate that Mcdonald’s Corp will post 8 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be given a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend is Friday, August 30th. Mcdonald’s’s dividend payout ratio (DPR) is presently 58.73%.
A number of equities research analysts have issued reports on MCD shares. Bank of America upped their price target on shares of Mcdonald’s from $215.00 to $220.00 and gave the company a “buy” rating in a report on Friday, June 7th. SunTrust Banks upped their price target on shares of Mcdonald’s to $230.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. BMO Capital Markets upped their price target on shares of Mcdonald’s to $230.00 and gave the company an “outperform” rating in a report on Monday, July 29th. UBS Group upped their price target on shares of Mcdonald’s from $203.00 to $218.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Finally, Evercore ISI started coverage on shares of Mcdonald’s in a research note on Tuesday, June 11th. They issued an “outperform” rating and a $225.00 target price for the company. Eight research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $219.23.
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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