Clarus Wealth Advisors lessened its stake in Mcdonald’s Corp (NYSE:MCD) by 42.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,079 shares of the fast-food giant’s stock after selling 1,532 shares during the quarter. Clarus Wealth Advisors’ holdings in Mcdonald’s were worth $386,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its position in Mcdonald’s by 45.1% during the 1st quarter. Wellington Management Group LLP now owns 30,036,309 shares of the fast-food giant’s stock valued at $4,966,504,000 after buying an additional 9,342,704 shares in the last quarter. Norges Bank purchased a new stake in shares of Mcdonald’s during the 4th quarter worth approximately $1,579,988,000. Magellan Asset Management Ltd boosted its stake in shares of Mcdonald’s by 62.3% during the 1st quarter. Magellan Asset Management Ltd now owns 5,690,799 shares of the fast-food giant’s stock worth $940,974,000 after acquiring an additional 2,184,908 shares in the last quarter. Advisor Group Holdings Inc. purchased a new stake in shares of Mcdonald’s during the 1st quarter worth approximately $54,127,000. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Mcdonald’s by 487.0% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,074,733 shares of the fast-food giant’s stock worth $177,707,000 after acquiring an additional 891,641 shares in the last quarter. Institutional investors own 67.21% of the company’s stock.
Several brokerages have recently commented on MCD. Goldman Sachs Group reissued a “buy” rating and set a $195.00 price target on shares of Mcdonald’s in a research note on Friday, May 1st. Cowen upped their target price on Mcdonald’s from $180.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday, April 9th. Jefferies Financial Group upped their target price on Mcdonald’s from $208.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, June 17th. Credit Suisse Group upped their target price on Mcdonald’s from $200.00 to $210.00 and gave the company an “outperform” rating in a research note on Wednesday, June 17th. Finally, Morgan Stanley upped their target price on Mcdonald’s from $189.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, June 17th. Eight investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $209.82.
Shares of MCD stock traded down $0.84 on Thursday, reaching $185.01. 251,641 shares of the stock were exchanged, compared to its average volume of 3,534,173. The stock has a market cap of $138.19 billion, a P/E ratio of 24.36, a price-to-earnings-growth ratio of 4.36 and a beta of 0.65. The firm has a 50 day moving average of $187.46 and a two-hundred day moving average of $190.85. Mcdonald’s Corp has a 1-year low of $124.23 and a 1-year high of $221.93.
Mcdonald’s (NYSE:MCD) last released its quarterly earnings data on Thursday, April 30th. The fast-food giant reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.12). The firm had revenue of $4.71 billion for the quarter, compared to analyst estimates of $4.66 billion. Mcdonald’s had a negative return on equity of 70.25% and a net margin of 27.86%. The company’s quarterly revenue was down 6.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.78 earnings per share. As a group, equities analysts forecast that Mcdonald’s Corp will post 5.81 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were issued a dividend of $1.25 per share. The ex-dividend date was Friday, May 29th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.70%. Mcdonald’s’s payout ratio is 63.78%.
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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