Kemper Corp Master Retirement Trust cut its holdings in Mcdonald’s Corp (NYSE:MCD) by 15.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,300 shares of the fast-food giant’s stock after selling 2,900 shares during the quarter. Mcdonald’s accounts for 1.7% of Kemper Corp Master Retirement Trust’s portfolio, making the stock its 22nd biggest holding. Kemper Corp Master Retirement Trust’s holdings in Mcdonald’s were worth $2,727,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the stock. FMR LLC boosted its position in Mcdonald’s by 5.5% during the second quarter. FMR LLC now owns 19,483,955 shares of the fast-food giant’s stock worth $3,052,941,000 after purchasing an additional 1,014,792 shares in the last quarter. Fundsmith Equity Fund L.P. purchased a new stake in Mcdonald’s during the second quarter worth $1,191,239,000. Janus Henderson Group PLC boosted its position in Mcdonald’s by 5.4% during the second quarter. Janus Henderson Group PLC now owns 8,107,972 shares of the fast-food giant’s stock worth $1,270,446,000 after purchasing an additional 412,750 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Mcdonald’s by 6,582,167.8% during the third quarter. Bank of New York Mellon Corp now owns 7,964,544 shares of the fast-food giant’s stock worth $1,332,390,000 after purchasing an additional 7,964,423 shares in the last quarter. Finally, Magellan Asset Management Ltd boosted its position in Mcdonald’s by 0.4% during the second quarter. Magellan Asset Management Ltd now owns 5,955,794 shares of the fast-food giant’s stock worth $933,213,000 after purchasing an additional 20,873 shares in the last quarter. Hedge funds and other institutional investors own 67.22% of the company’s stock.
MCD has been the topic of a number of research analyst reports. Morningstar set a $190.00 target price on Mcdonald’s and gave the stock a “neutral” rating in a research report on Wednesday, October 24th. Royal Bank of Canada reiterated a “buy” rating and set a $175.00 target price on shares of Mcdonald’s in a research report on Thursday, September 27th. Stephens boosted their target price on Mcdonald’s to $170.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 24th. ValuEngine raised Mcdonald’s from a “hold” rating to a “buy” rating in a report on Thursday, October 11th. Finally, Goldman Sachs Group reissued a “buy” rating and issued a $195.00 price target on shares of Mcdonald’s in a report on Friday, October 26th. Seven research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $191.69.
In related news, insider Ian Frederick Borden sold 4,782 shares of the company’s stock in a transaction on Thursday, October 25th. The stock was sold at an average price of $177.68, for a total value of $849,665.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Stephen Easterbrook sold 201,123 shares of the company’s stock in a transaction on Wednesday, October 24th. The shares were sold at an average price of $175.63, for a total value of $35,323,232.49. Following the completion of the transaction, the chief executive officer now owns 48,925 shares of the company’s stock, valued at $8,592,697.75. The disclosure for this sale can be found here. Insiders sold 221,041 shares of company stock valued at $38,839,407 over the last quarter. Insiders own 0.22% of the company’s stock.
Mcdonald’s stock opened at $182.96 on Friday. The firm has a market capitalization of $142.97 billion, a P/E ratio of 27.47, a price-to-earnings-growth ratio of 2.72 and a beta of 0.55. Mcdonald’s Corp has a 52 week low of $146.84 and a 52 week high of $190.88.
Mcdonald’s (NYSE:MCD) last released its earnings results on Tuesday, October 23rd. The fast-food giant reported $2.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.99 by $0.11. The firm had revenue of $5.37 billion during the quarter, compared to analyst estimates of $5.28 billion. Mcdonald’s had a negative return on equity of 116.43% and a net margin of 24.56%. The business’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.76 earnings per share. Equities analysts predict that Mcdonald’s Corp will post 7.76 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Monday, December 3rd will be paid a $1.16 dividend. This is a positive change from Mcdonald’s’s previous quarterly dividend of $1.01. This represents a $4.64 annualized dividend and a yield of 2.54%. The ex-dividend date is Friday, November 30th. Mcdonald’s’s dividend payout ratio is presently 69.67%.
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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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