Blair William & Co. IL Purchases 10,842 Shares of Mcdonald’s Corp (NYSE:MCD)

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Blair William & Co. IL grew its position in Mcdonald’s Corp (NYSE:MCD) by 3.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 319,659 shares of the fast-food giant’s stock after purchasing an additional 10,842 shares during the period. Blair William & Co. IL’s holdings in Mcdonald’s were worth $52,856,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Circle Wealth Management LLC lifted its holdings in shares of Mcdonald’s by 9.4% in the fourth quarter. Circle Wealth Management LLC now owns 3,903 shares of the fast-food giant’s stock valued at $771,000 after purchasing an additional 336 shares in the last quarter. First Republic Investment Management Inc. lifted its holdings in shares of Mcdonald’s by 27.7% in the fourth quarter. First Republic Investment Management Inc. now owns 299,713 shares of the fast-food giant’s stock valued at $59,226,000 after purchasing an additional 64,956 shares in the last quarter. Dearborn Partners LLC lifted its holdings in shares of Mcdonald’s by 5.3% in the fourth quarter. Dearborn Partners LLC now owns 249,299 shares of the fast-food giant’s stock valued at $49,264,000 after purchasing an additional 12,566 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Mcdonald’s by 8.5% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 138,138 shares of the fast-food giant’s stock valued at $27,297,000 after purchasing an additional 10,793 shares in the last quarter. Finally, American International Group Inc. increased its position in shares of Mcdonald’s by 23.4% in the fourth quarter. American International Group Inc. now owns 317,703 shares of the fast-food giant’s stock valued at $62,781,000 after acquiring an additional 60,179 shares during the last quarter. Institutional investors own 66.13% of the company’s stock.

Shares of NYSE:MCD traded down $0.67 during trading on Friday, reaching $184.41. 2,448,234 shares of the stock were exchanged, compared to its average volume of 4,116,318. Mcdonald’s Corp has a 12 month low of $124.23 and a 12 month high of $221.93. The firm has a market cap of $137.62 billion, a PE ratio of 24.17, a PEG ratio of 4.59 and a beta of 0.67. The stock has a 50-day moving average price of $179.19 and a 200-day moving average price of $192.40.

Mcdonald’s (NYSE:MCD) last issued its quarterly earnings data on Thursday, April 30th. The fast-food giant reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.12). Mcdonald’s had a negative return on equity of 70.25% and a net margin of 27.86%. The firm had revenue of $4.71 billion for the quarter, compared to the consensus estimate of $4.66 billion. During the same quarter in the prior year, the firm earned $1.78 EPS. The company’s revenue was down 6.2% on a year-over-year basis. On average, analysts anticipate that Mcdonald’s Corp will post 5.5 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 2.71%. Mcdonald’s’s dividend payout ratio (DPR) is currently 63.78%.

A number of analysts recently issued reports on MCD shares. Sanford C. Bernstein reaffirmed a “buy” rating and issued a $230.00 target price on shares of Mcdonald’s in a research report on Friday, May 1st. Guggenheim lifted their target price on Mcdonald’s from $237.00 to $239.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Cowen lifted their target price on Mcdonald’s from $180.00 to $190.00 and gave the company an “outperform” rating in a research report on Thursday, April 9th. Longbow Research lowered their target price on Mcdonald’s from $230.00 to $197.00 and set a “buy” rating on the stock in a research report on Friday, March 20th. Finally, SunTrust Banks lifted their target price on Mcdonald’s from $189.00 to $195.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Eight equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. Mcdonald’s has an average rating of “Buy” and a consensus price target of $207.48.

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

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