Morningstar Investment Services LLC Buys Shares of 1,051 Mcdonald’s Corp (NYSE:MCD)

Morningstar Investment Services LLC bought a new stake in Mcdonald’s Corp (NYSE:MCD) during the 2nd quarter, Holdings Channel reports. The firm bought 1,051 shares of the fast-food giant’s stock, valued at approximately $218,000.

Several other hedge funds also recently made changes to their positions in MCD. Geode Capital Management LLC grew its stake in shares of Mcdonald’s by 7.8% in the 4th 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. First American Trust FSB grew its stake in shares of Mcdonald’s by 7.6% in the 1st quarter. First American Trust FSB now owns 30,320 shares of the fast-food giant’s stock valued at $5,758,000 after purchasing an additional 2,132 shares during the last quarter. We Are One Seven LLC grew its stake in shares of Mcdonald’s by 166.5% in the 1st quarter. We Are One Seven LLC now owns 4,069 shares of the fast-food giant’s stock valued at $772,000 after purchasing an additional 2,542 shares during the last quarter. Atalanta Sosnoff Capital LLC grew its stake in shares of Mcdonald’s by 0.3% in the 1st quarter. Atalanta Sosnoff Capital LLC now owns 146,893 shares of the fast-food giant’s stock valued at $27,895,000 after purchasing an additional 401 shares during the last quarter. Finally, Strategic Blueprint LLC grew its stake in shares of Mcdonald’s by 4.0% in the 1st quarter. Strategic Blueprint LLC now owns 12,937 shares of the fast-food giant’s stock valued at $2,457,000 after purchasing an additional 503 shares during the last quarter. Institutional investors own 67.70% of the company’s stock.

In other Mcdonald’s 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 transaction of $5,665,044.42. Following the completion of the sale, the executive vice president now owns 40,129 shares of the company’s stock, valued at $8,530,622.82. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Catherine A. Hoovel sold 457 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $218.15, for a total value of $99,694.55. Following the sale, the vice president now directly owns 1,348 shares of the company’s stock, valued at approximately $294,066.20. The disclosure for this sale can be found here. 0.25% of the stock is owned by insiders.



Shares of NYSE:MCD traded up $3.46 during midday trading on Thursday, reaching $213.66. The company’s stock had a trading volume of 1,787,208 shares, compared to its average volume of 3,093,303. The firm has a market cap of $159.20 billion, a price-to-earnings ratio of 27.05, a price-to-earnings-growth ratio of 3.22 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. The business has a 50 day moving average price of $216.70 and a 200 day moving average price of $201.97.

Mcdonald’s (NYSE:MCD) last announced its quarterly earnings data on Friday, July 26th. The fast-food giant reported $2.05 EPS for the quarter, missing the Zacks’ consensus estimate of $2.06 by ($0.01). The business had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.34 billion. Mcdonald’s had a net margin of 28.32% and a negative return on equity of 92.02%. Mcdonald’s’s revenue for the quarter was down .2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.99 EPS. Analysts expect that Mcdonald’s Corp will post 8.01 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be given a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend is Friday, August 30th. Mcdonald’s’s dividend payout ratio is currently 58.73%.

MCD has been the topic of several analyst reports. Jefferies Financial Group lifted their target price on Mcdonald’s from $225.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, June 28th. Mizuho raised 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. JPMorgan Chase & Co. raised their price target on Mcdonald’s from $195.00 to $215.00 and gave the company an “overweight” rating in a report on Friday, June 28th. Goldman Sachs Group began coverage on Mcdonald’s in a report on Monday, July 29th. They issued a “buy” rating and a $250.00 price target for the company. Finally, UBS Group raised their price target on Mcdonald’s from $203.00 to $218.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Eight analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $220.55.

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

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