Sequoia Financial Advisors LLC Cuts Stake in Mcdonald’s Corp (NYSE:MCD)

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Sequoia Financial Advisors LLC lowered its position in Mcdonald’s Corp (NYSE:MCD) by 6.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,749 shares of the fast-food giant’s stock after selling 379 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Mcdonald’s were worth $951,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of MCD. Circle Wealth Management LLC boosted its stake in shares of Mcdonald’s by 9.4% during 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 during the period. First Republic Investment Management Inc. boosted its stake in shares of Mcdonald’s by 27.7% during 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 during the period. Dearborn Partners LLC boosted its stake in shares of Mcdonald’s by 5.3% during 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 during the period. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Mcdonald’s by 8.5% during 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 during the period. Finally, American International Group Inc. boosted its stake in shares of Mcdonald’s by 23.4% during 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 purchasing an additional 60,179 shares during the period. 66.13% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:MCD traded down $0.67 on Friday, hitting $184.41. 2,448,234 shares of the company traded hands, compared to its average volume of 4,116,318. Mcdonald’s Corp has a 52 week low of $124.23 and a 52 week high of $221.93. The stock has a 50 day simple moving average of $179.19 and a 200-day simple moving average of $192.40. The company 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.

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

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

A number of analysts have recently weighed in on MCD shares. Morgan Stanley increased their price objective on Mcdonald’s from $183.00 to $189.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. KeyCorp decreased their target price on Mcdonald’s from $235.00 to $200.00 and set an “overweight” rating for the company in a report on Friday, March 27th. UBS Group decreased their target price on Mcdonald’s from $212.00 to $191.00 and set a “neutral” rating for the company in a report on Thursday, April 9th. SunTrust Banks upped their target price on Mcdonald’s from $189.00 to $195.00 and gave the company a “buy” rating in a report on Friday, May 1st. Finally, Cowen upped their target price on Mcdonald’s from $180.00 to $190.00 and gave the company an “outperform” rating in a report on Thursday, April 9th. Eight equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $207.48.

Mcdonald’s Company 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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