Sterling Investment Advisors Ltd. lowered its position in Mcdonald’s Corp (NYSE:MCD) by 14.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,459 shares of the fast-food giant’s stock after selling 600 shares during the period. Sterling Investment Advisors Ltd.’s holdings in Mcdonald’s were worth $718,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the stock. FMR LLC increased its holdings in Mcdonald’s by 0.3% in the first quarter. FMR LLC now owns 21,416,684 shares of the fast-food giant’s stock worth $4,067,029,000 after buying an additional 59,931 shares during the last quarter. Geode Capital Management LLC grew its holdings in Mcdonald’s by 7.8% during 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 purchasing an additional 683,872 shares during the last quarter. Norges Bank acquired a new position in Mcdonald’s during the fourth quarter valued at approximately $1,326,793,000. Janus Henderson Group PLC grew its holdings in Mcdonald’s by 1.9% during the second quarter. Janus Henderson Group PLC now owns 5,549,855 shares of the fast-food giant’s stock valued at $1,152,473,000 after purchasing an additional 104,026 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in Mcdonald’s by 6.4% during the fourth quarter. Legal & General Group Plc now owns 4,006,305 shares of the fast-food giant’s stock valued at $711,332,000 after purchasing an additional 242,661 shares during the last quarter. Hedge funds and other institutional investors own 68.25% of the company’s stock.
Several equities analysts have commented on the company. SunTrust Banks set a $240.00 price target on Mcdonald’s and gave the company a “buy” rating in a report on Tuesday. Telsey Advisory Group reiterated an “outperform” rating and set a $230.00 price target (up previously from $210.00) on shares of Mcdonald’s in a report on Monday, July 15th. Cowen increased their price target on Mcdonald’s from $225.00 to $235.00 and gave the company an “outperform” rating in a report on Thursday, July 18th. Piper Jaffray Companies increased their price target on Mcdonald’s from $209.00 to $226.00 and gave the company an “overweight” rating in a report on Monday, July 15th. Finally, Mizuho increased their price target on Mcdonald’s from $215.00 to $230.00 and gave the company a “buy” rating in a report on Monday, July 29th. Eight research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $220.55.
Shares of Mcdonald’s stock traded down $4.83 during midday trading on Friday, hitting $214.66. The company had a trading volume of 2,868,462 shares, compared to its average volume of 3,272,093. The business’s 50 day simple moving average is $215.17 and its two-hundred day simple moving average is $198.22. The stock has a market cap of $167.62 billion, a PE ratio of 27.17, a P/E/G ratio of 3.28 and a beta of 0.49. Mcdonald’s Corp has a 1-year low of $156.56 and a 1-year high of $221.93.
Mcdonald’s (NYSE:MCD) last announced its quarterly earnings data on Friday, July 26th. The fast-food giant reported $2.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.06 by ($0.01). The company had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.34 billion. Mcdonald’s had a negative return on equity of 92.02% and a net margin of 28.32%. The company’s revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.99 EPS. Equities analysts predict that Mcdonald’s Corp will post 8.01 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be given a $1.16 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $4.64 annualized dividend and a yield of 2.16%. Mcdonald’s’s dividend payout ratio (DPR) 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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