Legacy Advisors LLC increased its holdings in Mcdonald’s Corp (NYSE:MCD) by 3.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,101 shares of the fast-food giant’s stock after buying an additional 90 shares during the quarter. Legacy Advisors LLC’s holdings in Mcdonald’s were worth $666,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of MCD. Founders Capital Management grew its stake in shares of Mcdonald’s by 0.5% during the 3rd quarter. Founders Capital Management now owns 19,157 shares of the fast-food giant’s stock worth $4,113,000 after purchasing an additional 91 shares during the period. Manning & Napier Group LLC acquired a new stake in shares of Mcdonald’s during the 3rd quarter worth approximately $658,000. RB Capital Management LLC grew its stake in shares of Mcdonald’s by 16.0% during the 3rd quarter. RB Capital Management LLC now owns 2,934 shares of the fast-food giant’s stock worth $622,000 after purchasing an additional 405 shares during the period. New Capital Management LP grew its stake in shares of Mcdonald’s by 1,261.1% during the 3rd quarter. New Capital Management LP now owns 3,008 shares of the fast-food giant’s stock worth $48,000 after purchasing an additional 2,787 shares during the period. Finally, CHICAGO TRUST Co NA grew its stake in shares of Mcdonald’s by 0.4% during the 3rd quarter. CHICAGO TRUST Co NA now owns 17,704 shares of the fast-food giant’s stock worth $3,801,000 after purchasing an additional 71 shares during the period. Institutional investors own 67.60% of the company’s stock.
MCD stock traded down $0.89 during midday trading on Thursday, reaching $211.94. The stock had a trading volume of 86,145 shares, compared to its average volume of 3,505,714. The company’s fifty day simple moving average is $213.92 and its 200 day simple moving average is $205.76. The company has a market cap of $160.94 billion, a price-to-earnings ratio of 26.82, a price-to-earnings-growth ratio of 3.15 and a beta of 0.49. Mcdonald’s Corp has a 52-week low of $161.82 and a 52-week high of $221.93.
Mcdonald’s (NYSE:MCD) last announced its quarterly earnings data 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 firm had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.34 billion. Mcdonald’s had a net margin of 28.32% and a negative return on equity of 92.02%. The company’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.99 EPS. On average, analysts predict that Mcdonald’s Corp will post 8.01 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a $1.25 dividend. The ex-dividend date is Friday, November 29th. This represents a $5.00 dividend on an annualized basis and a yield of 2.36%. This is a positive change from Mcdonald’s’s previous quarterly dividend of $1.16. Mcdonald’s’s dividend payout ratio (DPR) is presently 58.73%.
MCD has been the topic of a number of analyst reports. ValuEngine cut shares of Mcdonald’s from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. DZ Bank reaffirmed a “hold” rating and set a $220.00 price objective (down previously from $222.00) on shares of Mcdonald’s in a research note on Tuesday, July 30th. Cowen raised their price objective on shares of Mcdonald’s from $225.00 to $235.00 and gave the stock an “outperform” rating in a research note on Thursday, July 18th. BTIG Research raised their price objective on shares of Mcdonald’s from $220.00 to $240.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Finally, Stephens set a $230.00 price objective on shares of Mcdonald’s and gave the stock a “buy” rating in a research note on Thursday, September 26th. Nine investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. Mcdonald’s presently has a consensus rating of “Buy” and an average price target of $221.19.
In other Mcdonald’s news, EVP Silvia Lagnado sold 26,649 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $212.58, for a total value of $5,665,044.42. Following the transaction, the executive vice president now owns 40,129 shares in the company, valued at approximately $8,530,622.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Catherine A. Hoovel sold 457 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $218.15, for a total value of $99,694.55. Following the completion of the transaction, the vice president now owns 1,348 shares in the company, valued at approximately $294,066.20. The disclosure for this sale can be found here. Company insiders own 0.25% of the company’s stock.
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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