KAMES CAPITAL plc Takes $726,000 Position in McDonald’s Corporation (MCD)

KAMES CAPITAL plc acquired a new stake in McDonald’s Corporation (NYSE:MCD) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 4,741 shares of the fast-food giant’s stock, valued at approximately $726,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Holderness Investments Co. lifted its stake in shares of McDonald’s Corporation by 323.7% during the 1st quarter. Holderness Investments Co. now owns 10,589 shares of the fast-food giant’s stock worth $1,372,000 after buying an additional 8,090 shares during the last quarter. Oakworth Capital Inc. lifted its stake in shares of McDonald’s Corporation by 7.7% during the 1st quarter. Oakworth Capital Inc. now owns 4,977 shares of the fast-food giant’s stock worth $645,000 after buying an additional 355 shares during the last quarter. Sterling Investment Management Inc. lifted its stake in shares of McDonald’s Corporation by 4.9% during the 1st quarter. Sterling Investment Management Inc. now owns 11,486 shares of the fast-food giant’s stock worth $1,489,000 after buying an additional 536 shares during the last quarter. Candriam Luxembourg S.C.A. lifted its stake in shares of McDonald’s Corporation by 18.9% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 92,407 shares of the fast-food giant’s stock worth $11,977,000 after buying an additional 14,662 shares during the last quarter. Finally, Legacy Capital Partners Inc. lifted its stake in shares of McDonald’s Corporation by 7.0% during the 1st quarter. Legacy Capital Partners Inc. now owns 26,154 shares of the fast-food giant’s stock worth $3,390,000 after buying an additional 1,706 shares during the last quarter. Institutional investors own 67.96% of the company’s stock.

MCD has been the subject of several analyst reports. Royal Bank Of Canada set a $170.00 target price on shares of McDonald’s Corporation and gave the company a “buy” rating in a research report on Thursday, June 22nd. Zacks Investment Research raised shares of McDonald’s Corporation from a “hold” rating to a “buy” rating and set a $172.00 price target on the stock in a report on Tuesday, June 27th. Deutsche Bank AG lifted their price target on shares of McDonald’s Corporation from $155.00 to $175.00 and gave the company a “buy” rating in a report on Monday, July 10th. Mizuho reaffirmed a “buy” rating and set a $173.00 price target (up from $170.00) on shares of McDonald’s Corporation in a report on Wednesday. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $170.00 price target on shares of McDonald’s Corporation in a report on Friday, September 1st. Twelve analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $162.26.

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McDonald’s Corporation (NYSE:MCD) traded down 0.05% during trading on Friday, reaching $156.92. 7,425,112 shares of the company traded hands. McDonald’s Corporation has a 52 week low of $110.33 and a 52 week high of $161.72. The company’s 50-day moving average price is $157.61 and its 200 day moving average price is $146.38. The firm has a market capitalization of $127.10 billion, a price-to-earnings ratio of 25.69 and a beta of 0.70.

McDonald’s Corporation (NYSE:MCD) last announced its earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.08. The firm had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $5.96 billion. McDonald’s Corporation had a negative return on equity of 264.89% and a net margin of 21.00%. The business’s revenue was down 3.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.45 EPS. On average, equities research analysts expect that McDonald’s Corporation will post $6.55 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a yield of 2.40%. The ex-dividend date is Wednesday, August 30th. McDonald’s Corporation’s dividend payout ratio is presently 61.54%.

In other news, CFO Kevin M. Ozan sold 25,322 shares of the stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $158.50, for a total transaction of $4,013,537.00. Following the completion of the transaction, the chief financial officer now directly owns 24,039 shares of the company’s stock, valued at approximately $3,810,181.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Joseph M. Erlinger sold 10,793 shares of the stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $154.44, for a total value of $1,666,870.92. Following the transaction, the insider now directly owns 7,318 shares of the company’s stock, valued at $1,130,191.92. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 69,938 shares of company stock valued at $11,033,009. 0.24% of the stock is owned by company insiders.

McDonald’s Corporation Profile

McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.

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

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