Omnia Family Wealth LLC Has $468,000 Holdings in McDonald’s Corporation (MCD)

Omnia Family Wealth LLC lessened its stake in McDonald’s Corporation (NYSE:MCD) by 23.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,053 shares of the fast-food giant’s stock after selling 953 shares during the period. Omnia Family Wealth LLC’s holdings in McDonald’s were worth $468,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jennison Associates LLC boosted its position in shares of McDonald’s by 681.3% during the 2nd quarter. Jennison Associates LLC now owns 6,109,830 shares of the fast-food giant’s stock valued at $935,782,000 after purchasing an additional 5,327,778 shares in the last quarter. Alliancebernstein L.P. raised its stake in McDonald’s by 69.9% during the 2nd quarter. Alliancebernstein L.P. now owns 7,558,294 shares of the fast-food giant’s stock worth $1,157,628,000 after buying an additional 3,110,669 shares during the period. Harbour Capital Advisors LLC raised its stake in McDonald’s by 12,624.8% during the 2nd quarter. Harbour Capital Advisors LLC now owns 767,178 shares of the fast-food giant’s stock worth $5,009,000 after buying an additional 761,149 shares during the period. Los Angeles Capital Management & Equity Research Inc. raised its stake in McDonald’s by 73.7% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,684,058 shares of the fast-food giant’s stock worth $257,930,000 after buying an additional 714,470 shares during the period. Finally, Private Vista LLC raised its stake in McDonald’s by 7,878.0% during the 2nd quarter. Private Vista LLC now owns 692,806 shares of the fast-food giant’s stock worth $657,000 after buying an additional 684,122 shares during the period. Hedge funds and other institutional investors own 67.40% of the company’s stock.

In other news, VP James R. Sappington sold 8,046 shares of the business’s stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $165.00, for a total transaction 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 approximately $2,596,935. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Stephen Easterbrook sold 171,577 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $168.32, for a total transaction of $28,879,840.64. Following the sale, the insider now directly owns 49,778 shares of the company’s stock, valued at approximately $8,378,632.96. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by insiders.

Shares of McDonald’s Corporation (MCD) traded up $0.49 on Thursday, reaching $173.48. 2,619,200 shares of the company’s stock were exchanged, compared to its average volume of 3,471,408. The stock has a market cap of $137,905.14, a price-to-earnings ratio of 27.03, a PEG ratio of 2.83 and a beta of 0.67. The company has a debt-to-equity ratio of -8.17, a quick ratio of 1.27 and a current ratio of 1.28. McDonald’s Corporation has a 1-year low of $118.18 and a 1-year high of $174.44.

McDonald’s (NYSE:MCD) last announced its earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.01. The business had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.75 billion. McDonald’s had a net margin of 24.19% and a negative return on equity of 216.45%. The company’s quarterly revenue was down 10.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.62 EPS. research analysts expect that McDonald’s Corporation will post 6.53 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $1.01 per share. The ex-dividend date is Thursday, November 30th. This is a positive change from McDonald’s’s previous quarterly dividend of $0.94. This represents a $4.04 dividend on an annualized basis and a yield of 2.33%. McDonald’s’s payout ratio is currently 58.30%.

A number of research analysts recently weighed in on the company. BidaskClub raised McDonald’s from a “hold” rating to a “buy” rating in a research note on Monday, August 14th. ValuEngine downgraded McDonald’s from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Bank of America reissued a “buy” rating and issued a $175.00 price objective on shares of McDonald’s in a research note on Monday, August 14th. Nomura set a $183.00 target price on McDonald’s and gave the company a “buy” rating in a report on Tuesday, October 17th. Finally, Longbow Research raised McDonald’s from a “neutral” rating to a “buy” rating and upped their target price for the company from $154.05 to $183.00 in a report on Thursday, September 28th. Ten analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $173.95.

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About McDonald’s

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.

Institutional Ownership by Quarter for McDonald`s (NYSE:MCD)

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