US Bancorp DE lowered its position in shares of Mcdonald’s Corp (NYSE:MCD) by 1.5% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 1,191,281 shares of the fast-food giant’s stock after selling 18,285 shares during the quarter. US Bancorp DE’s holdings in Mcdonald’s were worth $247,381,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of MCD. Thoroughbred Financial Services LLC lifted its position in Mcdonald’s by 21,724.4% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 3,151,660 shares of the fast-food giant’s stock worth $315,166,000 after acquiring an additional 3,137,219 shares during the period. Ronna Sue Cohen lifted its holdings in shares of Mcdonald’s by 18,528.9% in the 1st quarter. Ronna Sue Cohen now owns 2,408,909 shares of the fast-food giant’s stock valued at $2,409,000 after buying an additional 2,395,978 shares during the period. Marshall Wace LLP lifted its holdings in shares of Mcdonald’s by 1,010.2% in the 1st quarter. Marshall Wace LLP now owns 1,451,960 shares of the fast-food giant’s stock valued at $275,727,000 after buying an additional 1,321,172 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Mcdonald’s by 7.8% in the 4th quarter. Geode Capital Management LLC now owns 9,441,973 shares of the fast-food giant’s stock valued at $1,673,764,000 after buying an additional 683,872 shares during the period. Finally, Capital Wealth Planning LLC lifted its holdings in shares of Mcdonald’s by 1,814.5% in the 2nd quarter. Capital Wealth Planning LLC now owns 362,133 shares of the fast-food giant’s stock valued at $75,200,000 after buying an additional 343,218 shares during the period. 67.70% of the stock is owned by institutional investors.
In other Mcdonald’s news, EVP Silvia Lagnado sold 26,649 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 40,129 shares in the company, valued at approximately $8,530,622.82. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Catherine A. Hoovel sold 457 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $218.15, for a total value of $99,694.55. Following the sale, the vice president now owns 1,348 shares of the company’s stock, valued at $294,066.20. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by insiders.
Shares of Mcdonald’s stock traded down $2.91 on Friday, hitting $209.24. The company’s stock had a trading volume of 259,057 shares, compared to its average volume of 2,660,170. Mcdonald’s Corp has a 1 year low of $156.56 and a 1 year high of $221.93. The firm has a fifty day moving average price of $216.70 and a 200-day moving average price of $201.97. The company has a market capitalization of $159.24 billion, a price-to-earnings ratio of 26.48, a price-to-earnings-growth ratio of 3.11 and a beta of 0.49.
Mcdonald’s (NYSE:MCD) last announced its quarterly earnings results on Friday, July 26th. The fast-food giant reported $2.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.06 by ($0.01). Mcdonald’s had a net margin of 28.32% and a negative return on equity of 92.02%. The business had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.34 billion. During the same quarter in the prior year, the firm earned $1.99 EPS. Mcdonald’s’s revenue for the quarter was down .2% on a year-over-year basis. As a group, equities analysts forecast that Mcdonald’s Corp will post 8.01 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be paid a dividend of $1.16 per share. The ex-dividend date is Friday, August 30th. This represents a $4.64 annualized dividend and a yield of 2.22%. Mcdonald’s’s dividend payout ratio (DPR) is currently 58.73%.
Several equities analysts have recently issued reports on the company. Telsey Advisory Group reissued an “outperform” rating and issued a $230.00 price objective (up previously from $210.00) on shares of Mcdonald’s in a report on Monday, July 15th. Goldman Sachs Group assumed coverage on Mcdonald’s in a report on Monday, July 29th. They issued a “buy” rating and a $250.00 price objective for the company. Sanford C. Bernstein reissued a “buy” rating on shares of Mcdonald’s in a report on Friday, July 26th. Robert W. Baird boosted their price objective on Mcdonald’s from $225.00 to $230.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Finally, Evercore ISI assumed coverage on Mcdonald’s in a report on Tuesday, June 11th. They issued an “outperform” rating and a $225.00 price objective for the company. Eight investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $220.55.
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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