Wealth Enhancement Advisory Services LLC reduced its stake in shares of Mcdonald’s Corp (NYSE:MCD) by 36.8% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 11,184 shares of the fast-food giant’s stock after selling 6,514 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Mcdonald’s were worth $2,404,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Lourd Capital LLC boosted its stake in shares of Mcdonald’s by 8.2% during the 2nd quarter. Lourd Capital LLC now owns 1,593 shares of the fast-food giant’s stock worth $331,000 after acquiring an additional 121 shares in the last quarter. GFS Advisors LLC purchased a new stake in shares of Mcdonald’s during the 2nd quarter worth about $212,000. Hudson Valley Investment Advisors Inc. ADV boosted its stake in shares of Mcdonald’s by 1.4% during the 2nd quarter. Hudson Valley Investment Advisors Inc. ADV now owns 5,601 shares of the fast-food giant’s stock worth $1,163,000 after acquiring an additional 75 shares in the last quarter. Dixon Hubard Feinour & Brown Inc. VA lifted its stake in Mcdonald’s by 4.4% in the 1st quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 7,094 shares of the fast-food giant’s stock valued at $1,347,000 after buying an additional 297 shares in the last quarter. Finally, Advisory Services Network LLC lifted its stake in Mcdonald’s by 2.9% in the 1st quarter. Advisory Services Network LLC now owns 18,808 shares of the fast-food giant’s stock valued at $3,572,000 after buying an additional 522 shares in the last quarter. 68.21% of the stock is currently owned by institutional investors.
In other news, insider Ian Frederick Borden sold 4,149 shares of Mcdonald’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $199.22, for a total transaction of $826,563.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Silvia Lagnado sold 26,649 shares of Mcdonald’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $212.58, for a total transaction of $5,665,044.42. Following the sale, the executive vice president now directly owns 40,129 shares of the company’s stock, valued at $8,530,622.82. The disclosure for this sale can be found here. Company insiders own 0.25% of the company’s stock.
A number of research firms have weighed in on MCD. Credit Suisse Group raised their target price on shares of Mcdonald’s from $230.00 to $236.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 30th. They noted that the move was a valuation call. DZ Bank reissued a “hold” rating and issued a $220.00 target price (down from $222.00) on shares of Mcdonald’s in a research note on Tuesday, July 30th. JPMorgan Chase & Co. raised their target price on shares of Mcdonald’s from $195.00 to $215.00 and gave the stock an “overweight” rating in a research note on Friday, June 28th. Cowen raised their target price 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. Finally, Stephens raised their price target on shares of Mcdonald’s from $220.00 to $230.00 and gave the stock an “overweight” rating in a report on Monday, July 29th. Eight analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. Mcdonald’s has a consensus rating of “Buy” and an average target price of $220.23.
MCD stock traded up $0.90 during midday trading on Thursday, hitting $217.38. The company’s stock had a trading volume of 174,997 shares, compared to its average volume of 3,209,126. Mcdonald’s Corp has a 52-week low of $156.56 and a 52-week high of $221.93. The company has a market cap of $164.87 billion, a price-to-earnings ratio of 27.53, a P/E/G ratio of 3.11 and a beta of 0.49. The firm has a 50-day moving average of $213.35.
Mcdonald’s (NYSE:MCD) last issued its quarterly earnings results on Friday, July 26th. The fast-food giant reported $2.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.06 by ($0.01). Mcdonald’s had a net margin of 28.32% and a negative return on equity of 92.02%. The business had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.34 billion. During the same period in the prior year, the business earned $1.99 EPS. The business’s quarterly revenue was down .2% on a year-over-year basis. On average, sell-side analysts predict that Mcdonald’s Corp will post 8 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be given a $1.16 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $4.64 annualized dividend and a yield of 2.13%. Mcdonald’s’s dividend payout ratio is presently 58.73%.
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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