Manchester Capital Management LLC increased its stake in shares of Mcdonald’s Corp (NYSE:MCD) by 0.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,151 shares of the fast-food giant’s stock after purchasing an additional 57 shares during the quarter. Manchester Capital Management LLC’s holdings in Mcdonald’s were worth $2,108,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its holdings in Mcdonald’s by 7.8% in the fourth quarter. Geode Capital Management LLC now owns 9,441,973 shares of the fast-food giant’s stock valued at $1,673,764,000 after acquiring an additional 683,872 shares during the last quarter. Two Sigma Advisers LP lifted its stake in shares of Mcdonald’s by 3,751.7% during the fourth quarter. Two Sigma Advisers LP now owns 1,416,065 shares of the fast-food giant’s stock worth $251,451,000 after purchasing an additional 1,379,300 shares in the last quarter. Arete Wealth Advisors LLC lifted its stake in shares of Mcdonald’s by 135.9% during the fourth quarter. Arete Wealth Advisors LLC now owns 3,952 shares of the fast-food giant’s stock worth $702,000 after purchasing an additional 2,277 shares in the last quarter. 1832 Asset Management L.P. lifted its stake in shares of Mcdonald’s by 8.1% during the fourth quarter. 1832 Asset Management L.P. now owns 2,266,014 shares of the fast-food giant’s stock worth $402,054,000 after purchasing an additional 170,003 shares in the last quarter. Finally, GYL Financial Synergies LLC acquired a new position in shares of Mcdonald’s during the fourth quarter worth about $347,000. Institutional investors and hedge funds own 68.25% of the company’s stock.
A number of brokerages have commented on MCD. DZ Bank restated a “hold” rating and set a $220.00 price objective (down previously from $222.00) on shares of Mcdonald’s in a research note on Tuesday, July 30th. Morgan Stanley boosted their price objective on Mcdonald’s from $210.00 to $220.00 and gave the stock an “overweight” rating in a research note on Thursday, July 18th. Cowen lifted their target price on Mcdonald’s from $225.00 to $235.00 and gave the stock an “outperform” rating in a research report on Thursday, July 18th. Stephens lifted their target price on Mcdonald’s from $220.00 to $230.00 and gave the stock an “overweight” rating in a research report on Monday, July 29th. Finally, Stifel Nicolaus lifted their target price on Mcdonald’s from $200.00 to $210.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. Eight investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $220.23.
In related news, EVP Silvia Lagnado sold 26,649 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $212.58, for a total value of $5,665,044.42. Following the completion of the sale, the executive vice president now directly owns 40,129 shares of the company’s stock, valued at $8,530,622.82. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Catherine A. Hoovel sold 457 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $218.15, for a total value of $99,694.55. Following the transaction, the vice president now directly owns 1,348 shares of the company’s stock, valued at $294,066.20. The disclosure for this sale can be found here. 0.25% of the stock is owned by insiders.
Mcdonald’s stock traded up $0.30 during midday trading on Tuesday, hitting $219.08. The stock had a trading volume of 145,506 shares, compared to its average volume of 3,319,419. The stock has a market cap of $165.92 billion, a P/E ratio of 27.79, a P/E/G ratio of 3.12 and a beta of 0.49. Mcdonald’s Corp has a 12 month low of $156.56 and a 12 month high of $221.93. The business has a fifty day moving average price of $214.52 and a 200 day moving average price of $197.40.
Mcdonald’s (NYSE:MCD) last announced its quarterly earnings data on Friday, July 26th. The fast-food giant reported $2.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.06 by ($0.01). The firm had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $5.34 billion. Mcdonald’s had a net margin of 28.32% and a negative return on equity of 92.02%. The firm’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.99 earnings per share. As a group, equities research analysts forecast that Mcdonald’s Corp will post 8.01 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be issued a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 2.12%. The ex-dividend date is Friday, August 30th. Mcdonald’s’s dividend payout ratio is currently 58.73%.
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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