Epoch Investment Partners Inc. Trims Holdings in McDonald’s Co. (NYSE:MCD)

Epoch Investment Partners Inc. lowered its holdings in McDonald’s Co. (NYSE:MCD) by 16.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 354,672 shares of the fast-food giant’s stock after selling 68,647 shares during the quarter. Epoch Investment Partners Inc.’s holdings in McDonald’s were worth $81,925,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of MCD. Twin Lakes Capital Management LLC purchased a new stake in McDonald’s in the first quarter valued at $30,000. Monumental Financial Group Inc. purchased a new stake in McDonald’s in the second quarter valued at $35,000. Disciplined Investments LLC raised its position in McDonald’s by 175.4% in the second quarter. Disciplined Investments LLC now owns 157 shares of the fast-food giant’s stock valued at $36,000 after purchasing an additional 100 shares during the period. Isthmus Partners LLC purchased a new stake in McDonald’s in the second quarter valued at $46,000. Finally, Baldrige Asset Management LLC purchased a new stake in McDonald’s in the second quarter valued at $47,000. Institutional investors own 66.34% of the company’s stock.

A number of equities research analysts have commented on the company. Robert W. Baird restated a “buy” rating on shares of McDonald’s in a research report on Tuesday, August 31st. Argus lifted their price objective on McDonald’s from $260.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, July 29th. Wells Fargo & Company lifted their price objective on McDonald’s from $269.00 to $276.00 and gave the company an “overweight” rating in a research note on Thursday. Truist lifted their price objective on McDonald’s from $255.00 to $266.00 and gave the company a “buy” rating in a research note on Thursday, July 29th. Finally, Royal Bank of Canada lifted their price objective on McDonald’s from $263.00 to $268.00 and gave the company an “outperform” rating in a research note on Thursday, July 29th. Seven research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, McDonald’s has a consensus rating of “Buy” and an average price target of $259.16.

NYSE MCD traded up $2.10 during trading on Thursday, reaching $244.75. 89,771 shares of the company’s stock were exchanged, compared to its average volume of 2,715,995. The stock has a market cap of $182.78 billion, a P/E ratio of 26.40, a price-to-earnings-growth ratio of 2.36 and a beta of 0.63. The company has a 50 day moving average price of $240.58 and a two-hundred day moving average price of $236.03. McDonald’s Co. has a 1 year low of $202.73 and a 1 year high of $249.95.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Tuesday, July 27th. The fast-food giant reported $2.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.11 by $0.26. The company had revenue of $5.89 billion during the quarter, compared to the consensus estimate of $5.63 billion. McDonald’s had a negative return on equity of 83.98% and a net margin of 31.72%. During the same period in the previous year, the business earned $0.66 EPS. As a group, research analysts anticipate that McDonald’s Co. will post 9 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 15th. Stockholders of record on Wednesday, December 1st will be issued a $1.38 dividend. This is an increase from McDonald’s’s previous quarterly dividend of $1.29. This represents a $5.52 annualized dividend and a dividend yield of 2.26%. The ex-dividend date is Tuesday, November 30th. McDonald’s’s payout ratio is presently 85.29%.

In other news, SVP Catherine A. Hoovel sold 2,493 shares of the business’s stock in a transaction dated Thursday, July 29th. The stock was sold at an average price of $243.45, for a total value of $606,920.85. Following the completion of the sale, the senior vice president now directly owns 3,384 shares of the company’s stock, valued at approximately $823,834.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kevin M. Ozan sold 47,649 shares of the business’s stock in a transaction dated Thursday, July 29th. The shares were sold at an average price of $243.90, for a total value of $11,621,591.10. Following the completion of the sale, the chief financial officer now directly owns 32,483 shares of the company’s stock, valued at $7,922,603.70. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by insiders.

McDonald’s Profile

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S.; International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations in the United States. The International Operated Markets segment comprises operations and franchising of restaurant in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the U.K.

Featured Story: The benefits and drawbacks of dollar cost averaging

Want to see what other hedge funds are holding MCD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for McDonald’s Co. (NYSE:MCD).

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

Receive News & Ratings for McDonald's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDonald's and related companies with MarketBeat.com's FREE daily email newsletter.