Gilman Hill Asset Management LLC increased its stake in shares of Mcdonald’s Corp (NYSE:MCD) by 13.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,531 shares of the fast-food giant’s stock after acquiring an additional 300 shares during the period. Gilman Hill Asset Management LLC’s holdings in Mcdonald’s were worth $423,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Rainier Group Investment Advisory LLC acquired a new position in Mcdonald’s during the first quarter worth approximately $102,000. CSat Investment Advisory L.P. acquired a new position in Mcdonald’s during the second quarter worth approximately $104,000. CX Institutional acquired a new position in Mcdonald’s during the second quarter worth approximately $109,000. Quad Cities Investment Group LLC acquired a new position in Mcdonald’s during the second quarter worth approximately $110,000. Finally, NuWave Investment Management LLC increased its position in Mcdonald’s by 2,485.2% during the third quarter. NuWave Investment Management LLC now owns 698 shares of the fast-food giant’s stock worth $117,000 after buying an additional 671 shares during the last quarter. Institutional investors and hedge funds own 66.92% of the company’s stock.
A number of brokerages have weighed in on MCD. SunTrust Banks boosted their price target on Mcdonald’s to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, October 24th. KeyCorp set a $195.00 price target on Mcdonald’s and gave the stock a “buy” rating in a research report on Wednesday, October 24th. Telsey Advisory Group boosted their price target on Mcdonald’s from $175.00 to $195.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 24th. Morgan Stanley reissued a “neutral” rating and set a $173.00 price target on shares of Mcdonald’s in a research report on Wednesday, October 24th. Finally, Royal Bank of Canada set a $190.00 price target on Mcdonald’s and gave the stock a “buy” rating in a research report on Wednesday, October 24th. Seven 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 a consensus target price of $188.31.
Mcdonald’s stock opened at $173.23 on Tuesday. Mcdonald’s Corp has a 12 month low of $146.84 and a 12 month high of $178.70. The company has a market capitalization of $134.48 billion, a PE ratio of 26.01, a PEG ratio of 2.55 and a beta of 0.66.
Mcdonald’s (NYSE:MCD) last issued its quarterly earnings results on Tuesday, October 23rd. The fast-food giant reported $2.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.99 by $0.11. The business had revenue of $5.37 billion for the quarter, compared to the consensus estimate of $5.28 billion. Mcdonald’s had a negative return on equity of 130.19% and a net margin of 24.56%. The firm’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.76 earnings per share. Sell-side analysts expect that Mcdonald’s Corp will post 7.75 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Monday, December 3rd will be given a dividend of $1.16 per share. The ex-dividend date is Friday, November 30th. This represents a $4.64 dividend on an annualized basis and a yield of 2.68%. This is an increase from Mcdonald’s’s previous quarterly dividend of $1.01. Mcdonald’s’s dividend payout ratio is currently 60.66%.
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, 2017, the company operated 37,241 restaurants, including 34,108 franchised restaurants comprising 21,366 franchised to conventional franchisees, 6,945 licensed to developmental licensees, and 5,797 licensed to foreign affiliates; and 3,133 company-operated restaurants.
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