Mcdonald’s Corp (NYSE:MCD) Position Lifted by Nomura Holdings Inc.

Nomura Holdings Inc. raised its stake in shares of Mcdonald’s Corp (NYSE:MCD) by 267.7% during the second quarter, HoldingsChannel reports. The fund owned 338,972 shares of the fast-food giant’s stock after acquiring an additional 246,777 shares during the quarter. Nomura Holdings Inc.’s holdings in Mcdonald’s were worth $68,731,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MCD. First Command Financial Services Inc. raised its holdings in shares of Mcdonald’s by 2.7% during the second quarter. First Command Financial Services Inc. now owns 1,857 shares of the fast-food giant’s stock worth $386,000 after purchasing an additional 48 shares during the period. Graves Light Private Wealth Management Inc. raised its holdings in shares of Mcdonald’s by 1.5% during the second quarter. Graves Light Private Wealth Management Inc. now owns 3,428 shares of the fast-food giant’s stock worth $712,000 after purchasing an additional 49 shares during the period. Gilman Hill Asset Management LLC raised its holdings in shares of Mcdonald’s by 2.2% during the second quarter. Gilman Hill Asset Management LLC now owns 2,344 shares of the fast-food giant’s stock worth $487,000 after purchasing an additional 50 shares during the period. Duncker Streett & Co. Inc. raised its holdings in shares of Mcdonald’s by 1.9% during the second quarter. Duncker Streett & Co. Inc. now owns 2,698 shares of the fast-food giant’s stock worth $560,000 after purchasing an additional 50 shares during the period. Finally, Legacy Private Trust Co. raised its holdings in shares of Mcdonald’s by 1.1% during the second quarter. Legacy Private Trust Co. now owns 4,678 shares of the fast-food giant’s stock worth $971,000 after purchasing an additional 52 shares during the period. Hedge funds and other institutional investors own 67.61% of the company’s stock.

In related news, EVP Silvia Lagnado sold 26,649 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were 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 of the company’s stock, valued at $8,530,622.82. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Catherine A. Hoovel sold 457 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $218.15, for a total transaction of $99,694.55. Following the sale, the vice president now directly owns 1,348 shares of the company’s stock, valued at $294,066.20. The disclosure for this sale can be found here. Corporate insiders own 0.25% of the company’s stock.

MCD has been the topic of a number of research reports. UBS Group increased their target price on shares of Mcdonald’s from $203.00 to $218.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. MKM Partners assumed coverage on shares of Mcdonald’s in a report on Tuesday, August 13th. They issued a “buy” rating and a $250.00 price objective on the stock. Credit Suisse Group increased their price objective on shares of Mcdonald’s from $230.00 to $236.00 and gave the stock an “outperform” rating in a report on Tuesday, July 30th. They noted that the move was a valuation call. Mizuho increased their price objective on shares of Mcdonald’s from $215.00 to $230.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Finally, Cleveland Research reaffirmed a “hold” rating on shares of Mcdonald’s in a report on Friday, July 12th. Eight equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $220.55.

Shares of NYSE:MCD traded down $0.53 during trading on Friday, reaching $209.99. The company had a trading volume of 236,737 shares, compared to its average volume of 2,870,898. The firm’s fifty day moving average is $216.06 and its 200 day moving average is $202.89. The firm has a market capitalization of $160.38 billion, a PE ratio of 26.58, a price-to-earnings-growth ratio of 3.11 and a beta of 0.49. Mcdonald’s Corp has a twelve month low of $159.37 and a twelve month high of $221.93.

Mcdonald’s (NYSE:MCD) last issued its quarterly earnings results on Friday, July 26th. The fast-food giant reported $2.05 earnings per share for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.01). The company had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.34 billion. Mcdonald’s had a negative return on equity of 92.02% and a net margin of 28.32%. The company’s revenue was down .2% on a year-over-year basis. During the same period in the prior year, the company posted $1.99 earnings per share. On average, research analysts forecast that Mcdonald’s Corp will post 8.01 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend was Friday, August 30th. Mcdonald’s’s dividend payout ratio is currently 58.73%.

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.

See Also: Earnings Per Share (EPS)

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

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