Private Trust Co. NA boosted its stake in shares of Mcdonald’s Corp (NYSE:MCD) by 2.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,688 shares of the fast-food giant’s stock after acquiring an additional 410 shares during the period. Private Trust Co. NA’s holdings in Mcdonald’s were worth $2,958,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Rainier Group Investment Advisory LLC purchased a new position in Mcdonald’s during the first quarter valued at $102,000. CSat Investment Advisory L.P. purchased a new position in Mcdonald’s during the second quarter valued at $104,000. CX Institutional purchased a new position in Mcdonald’s during the second quarter valued at $109,000. Quad Cities Investment Group LLC purchased a new position in Mcdonald’s during the second quarter valued at $110,000. Finally, Sound Income Strategies LLC grew its stake in Mcdonald’s by 69.2% during the third quarter. Sound Income Strategies LLC now owns 743 shares of the fast-food giant’s stock valued at $124,000 after acquiring an additional 304 shares in the last quarter. 66.98% of the stock is owned by institutional investors.
Several equities analysts recently weighed in on MCD shares. Royal Bank of Canada set a $175.00 target price on shares of Mcdonald’s and gave the company a “buy” rating in a research note on Thursday, July 26th. Goldman Sachs Group reiterated a “buy” rating and set a $178.00 price objective on shares of Mcdonald’s in a research report on Tuesday, July 24th. Jefferies Financial Group reiterated a “buy” rating and set a $200.00 price objective on shares of Mcdonald’s in a research report on Wednesday, July 11th. Wells Fargo & Co reiterated a “buy” rating and set a $185.00 price objective on shares of Mcdonald’s in a research report on Thursday, June 21st. Finally, Cowen reiterated a “buy” rating and set a $190.00 price objective on shares of Mcdonald’s in a research report on Friday, July 27th. Eight analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. Mcdonald’s currently has a consensus rating of “Buy” and an average target price of $182.65.
Shares of Mcdonald’s stock traded up $1.73 during trading on Tuesday, hitting $169.50. The stock had a trading volume of 34,339 shares, compared to its average volume of 4,027,284. The firm has a market capitalization of $129.78 billion, a PE ratio of 25.46, a price-to-earnings-growth ratio of 2.49 and a beta of 0.66. The company has a current ratio of 1.47, a quick ratio of 1.45 and a debt-to-equity ratio of -5.24. Mcdonald’s Corp has a 12 month low of $146.84 and a 12 month high of $178.70.
Mcdonald’s (NYSE:MCD) last released its earnings results on Thursday, July 26th. The fast-food giant reported $1.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.92 by $0.07. The firm had revenue of $5.35 billion during the quarter, compared to analyst estimates of $5.32 billion. Mcdonald’s had a net margin of 25.26% and a negative return on equity of 133.89%. The business’s revenue was down 11.5% on a year-over-year basis. During the same quarter last year, the business earned $1.73 EPS. As a group, sell-side analysts predict that Mcdonald’s Corp will post 7.65 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Monday, December 3rd will be issued a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 2.74%. The ex-dividend date is Friday, November 30th. This is a positive change from Mcdonald’s’s previous quarterly dividend of $1.01. Mcdonald’s’s dividend payout ratio (DPR) is 60.66%.
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, 2017, the company operated 37,241 restaurants, including 34,108 franchised restaurants comprising 21,366 franchised to conventional franchisees, 6,945 licensed to developmental licensees, and 5,797 licensed to foreign affiliates; and 3,133 company-operated restaurants.
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