Mcdonald’s Corp (MCD) Holdings Reduced by Cleararc Capital Inc.

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Cleararc Capital Inc. lessened its stake in shares of Mcdonald’s Corp (NYSE:MCD) by 1.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,479 shares of the fast-food giant’s stock after selling 326 shares during the quarter. Cleararc Capital Inc.’s holdings in Mcdonald’s were worth $4,149,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of MCD. HC Financial Advisors Inc. acquired a new position in shares of Mcdonald’s during the 4th quarter worth $1,795,000. Abacus Planning Group Inc. boosted its position in shares of Mcdonald’s by 32.6% in the 1st quarter. Abacus Planning Group Inc. now owns 2,755 shares of the fast-food giant’s stock worth $431,000 after buying an additional 677 shares in the last quarter. San Francisco Sentry Investment Group CA boosted its position in shares of Mcdonald’s by 6.2% in the 1st quarter. San Francisco Sentry Investment Group CA now owns 5,639 shares of the fast-food giant’s stock worth $882,000 after buying an additional 328 shares in the last quarter. Aspiriant LLC purchased a new stake in shares of Mcdonald’s in the 1st quarter worth about $571,000. Finally, Evermay Wealth Management LLC boosted its position in shares of Mcdonald’s by 8.1% in the 1st quarter. Evermay Wealth Management LLC now owns 6,071 shares of the fast-food giant’s stock worth $949,000 after buying an additional 453 shares in the last quarter. Institutional investors and hedge funds own 66.98% of the company’s stock.

Several equities research analysts recently commented on MCD shares. Royal Bank of Canada set a $175.00 price objective on shares of Mcdonald’s and gave the stock a “buy” rating in a research report on Friday, September 14th. Goldman Sachs Group restated a “buy” rating and issued a $192.00 target price on shares of Mcdonald’s in a report on Friday, October 5th. ValuEngine upgraded shares of Mcdonald’s from a “hold” rating to a “buy” rating in a report on Thursday. Wells Fargo & Co increased their price objective on shares of Mcdonald’s from $180.00 to $185.00 and gave the stock an “outperform” rating in a report on Wednesday, August 8th. Finally, Guggenheim upgraded shares of Mcdonald’s from a “neutral” rating to a “buy” rating and set a $200.00 price objective on the stock in a report on Wednesday. They noted that the move was a valuation call. Seven analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $183.29.

MCD stock traded up $0.85 during mid-day trading on Friday, reaching $163.82. The company had a trading volume of 3,402,828 shares, compared to its average volume of 4,032,916. The company has a debt-to-equity ratio of -5.24, a quick ratio of 1.45 and a current ratio of 1.47. The stock has a market capitalization of $129.78 billion, a price-to-earnings ratio of 24.60, a PEG ratio of 2.49 and a beta of 0.66. Mcdonald’s Corp has a one year low of $146.84 and a one year high of $178.70.

Mcdonald’s (NYSE:MCD) last posted its earnings results on Thursday, July 26th. The fast-food giant reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.92 by $0.07. The company had revenue of $5.35 billion for the quarter, compared to analysts’ expectations of $5.32 billion. Mcdonald’s had a negative return on equity of 133.89% and a net margin of 25.26%. The firm’s quarterly revenue was down 11.5% compared to the same quarter last year. During the same period last year, the business posted $1.73 earnings per share. As a group, analysts predict that Mcdonald’s Corp will post 7.65 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Monday, December 3rd will be issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.83%. This is a positive change from Mcdonald’s’s previous quarterly dividend of $1.01. The ex-dividend date of this dividend is Friday, November 30th. Mcdonald’s’s dividend payout ratio (DPR) is 60.66%.

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

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