First Nebraska Trust Co Makes New Investment in McDonald’s Corporation $MCD

First Nebraska Trust Co purchased a new position in shares of McDonald’s Corporation (NYSE:MCD – Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 6,006 shares of the fast-food giant’s stock, valued at approximately $1,387,000.

Several other large investors have also added to or reduced their stakes in the company. State Street Corp raised its stake in shares of McDonald’s by 1.8% in the second quarter. State Street Corp now owns 36,080,505 shares of the fast-food giant’s stock worth $9,752,921,000 after purchasing an additional 646,675 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of McDonald’s during the second quarter worth about $1,359,276,000. Arrowstreet Capital Limited Partnership boosted its position in McDonald’s by 17.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,637,785 shares of the fast-food giant’s stock valued at $1,130,587,000 after buying an additional 533,448 shares during the last quarter. Swiss National Bank boosted its position in McDonald’s by 6.9% in the first quarter. Swiss National Bank now owns 2,089,980 shares of the fast-food giant’s stock valued at $649,545,000 after buying an additional 134,480 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in McDonald’s by 3.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,909,321 shares of the fast-food giant’s stock worth $593,366,000 after buying an additional 62,562 shares during the period. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Down 1.1%

Shares of MCD opened at $262.75 on Wednesday. The company has a market capitalization of $185.93 billion, a price-to-earnings ratio of 21.34, a PEG ratio of 3.03 and a beta of 0.42. McDonald’s Corporation has a 52 week low of $229.20 and a 52 week high of $341.75. The stock’s 50-day moving average price is $247.96 and its 200-day moving average price is $282.99.

McDonald’s (NYSE:MCD – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The fast-food giant reported $3.38 earnings per share for the quarter, beating the consensus estimate of $3.32 by $0.06. The company had revenue of $7.10 billion during the quarter, compared to analysts’ expectations of $7.13 billion. McDonald’s had a negative return on equity of 572.06% and a net margin of 31.72%. McDonald’s’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period last year, the business earned $3.19 earnings per share. As a group, equities analysts anticipate that McDonald’s Corporation will post 12.83 EPS for the current fiscal year.

McDonald’s Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be given a $1.93 dividend. The ex-dividend date is Tuesday, December 1st. This represents a $7.72 annualized dividend and a yield of 2.9%. This is a boost from McDonald’s’s previous quarterly dividend of $1.86. McDonald’s’s payout ratio is currently 60.44%.

Wall Street Analysts Forecast Growth

MCD has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft reduced their price target on shares of McDonald’s from $325.00 to $300.00 and set a “buy” rating for the company in a research report on Monday, September 14th. Robert W. Baird dropped their price objective on shares of McDonald’s from $285.00 to $250.00 and set a “neutral” rating on the stock in a report on Thursday, September 24th. DZ Bank reaffirmed a “buy” rating on shares of McDonald’s in a report on Thursday, September 24th. Seaport Research Partners initiated coverage on shares of McDonald’s in a research note on Wednesday, September 16th. They issued a “neutral” rating on the stock. Finally, Argus reduced their target price on shares of McDonald’s from $320.00 to $310.00 and set a “buy” rating for the company in a report on Wednesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $292.76.

Read Our Latest Stock Analysis on MCD

Key Headlines Impacting McDonald’s

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McDonald’s Company Profile

(Free Report)

McDonald’s Corporation is a global quick-service restaurant company that operates and franchises restaurants under the McDonald’s brand. Its restaurants serve a menu that includes hamburgers, cheeseburgers, chicken sandwiches, French fries, breakfast items, desserts, salads, beverages and coffee. Offerings vary by market, and many locations provide drive-thru service, delivery and digital ordering through the McDonald’s mobile app.

The company operates through a heavily franchised business model, with restaurants owned and operated by independent franchisees, affiliates and the company itself.

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

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