Mcdonald’s Corp (MCD) Stake Lowered by Perigon Wealth Management LLC

Perigon Wealth Management LLC decreased its holdings in shares of Mcdonald’s Corp (NYSE:MCD) by 15.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,665 shares of the fast-food giant’s stock after selling 4,635 shares during the quarter. Mcdonald’s accounts for approximately 1.0% of Perigon Wealth Management LLC’s portfolio, making the stock its 23rd largest position. Perigon Wealth Management LLC’s holdings in Mcdonald’s were worth $4,126,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC lifted its position in Mcdonald’s by 5.5% in the second quarter. FMR LLC now owns 19,483,955 shares of the fast-food giant’s stock valued at $3,052,941,000 after purchasing an additional 1,014,792 shares during the last quarter. Fundsmith Equity Fund L.P. bought a new stake in Mcdonald’s in the second quarter valued at approximately $1,191,239,000. Janus Henderson Group PLC lifted its position in Mcdonald’s by 5.4% in the second quarter. Janus Henderson Group PLC now owns 8,107,972 shares of the fast-food giant’s stock valued at $1,270,446,000 after purchasing an additional 412,750 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Mcdonald’s by 6,582,167.8% in the third quarter. Bank of New York Mellon Corp now owns 7,964,544 shares of the fast-food giant’s stock valued at $1,332,390,000 after purchasing an additional 7,964,423 shares during the last quarter. Finally, Magellan Asset Management Ltd lifted its position in Mcdonald’s by 0.4% in the second quarter. Magellan Asset Management Ltd now owns 5,955,794 shares of the fast-food giant’s stock valued at $933,213,000 after purchasing an additional 20,873 shares during the last quarter. 67.22% of the stock is owned by institutional investors and hedge funds.

In related news, EVP Francesca A. Debiase sold 15,136 shares of the company’s stock in a transaction on Wednesday, October 24th. The stock was sold at an average price of $176.17, for a total value of $2,666,509.12. Following the sale, the executive vice president now directly owns 17,306 shares of the company’s stock, valued at $3,048,798.02. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Stephen Easterbrook sold 201,123 shares of the company’s stock in a transaction on Wednesday, October 24th. The stock was sold at an average price of $175.63, for a total value of $35,323,232.49. Following the completion of the sale, the chief executive officer now directly owns 48,925 shares in the company, valued at $8,592,697.75. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 221,041 shares of company stock worth $38,839,407. 0.22% of the stock is owned by insiders.



MCD has been the subject of several recent research reports. Gordon Haskett initiated coverage on Mcdonald’s in a research report on Thursday, October 18th. They issued a “buy” rating and a $185.00 price objective for the company. Piper Jaffray Companies boosted their price objective on Mcdonald’s to $194.00 and gave the company an “overweight” rating in a research report on Wednesday, November 28th. Cowen boosted their price objective on Mcdonald’s from $190.00 to $205.00 and gave the company an “outperform” rating in a research report on Friday, November 9th. Royal Bank of Canada restated a “buy” rating and set a $175.00 target price on shares of Mcdonald’s in a report on Thursday, September 27th. Finally, ValuEngine upgraded Mcdonald’s from a “hold” rating to a “buy” rating in a report on Thursday, October 11th. Six investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $191.69.

Shares of MCD stock opened at $185.04 on Thursday. The firm has a market capitalization of $142.65 billion, a P/E ratio of 27.78, a PEG ratio of 2.71 and a beta of 0.55. Mcdonald’s Corp has a twelve month low of $146.84 and a twelve month high of $190.88.

Mcdonald’s (NYSE:MCD) last issued its quarterly earnings results on Tuesday, October 23rd. The fast-food giant reported $2.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.99 by $0.11. The company had revenue of $5.37 billion for the quarter, compared to analysts’ expectations of $5.28 billion. Mcdonald’s had a negative return on equity of 116.43% and a net margin of 24.56%. The firm’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.76 earnings per share. As a group, analysts predict that Mcdonald’s Corp will post 7.76 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Monday, December 3rd will be paid a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 2.51%. This is a boost from Mcdonald’s’s previous quarterly dividend of $1.01. The ex-dividend date of this dividend is Friday, November 30th. Mcdonald’s’s dividend payout ratio is presently 69.67%.

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

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