L & S Advisors Inc lowered its holdings in shares of Mcdonald’s Corp (NYSE:MCD) by 1.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,605 shares of the fast-food giant’s stock after selling 405 shares during the period. Mcdonald’s makes up 1.1% of L & S Advisors Inc’s investment portfolio, making the stock its 16th largest holding. L & S Advisors Inc’s holdings in Mcdonald’s were worth $8,017,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of MCD. Krane Funds Advisors LLC bought a new position in Mcdonald’s during the second quarter valued at approximately $25,000. Litman Gregory Asset Management LLC purchased a new stake in shares of Mcdonald’s in the second quarter worth $27,000. Atlas Capital Advisors LLC increased its stake in shares of Mcdonald’s by 330.3% in the second quarter. Atlas Capital Advisors LLC now owns 142 shares of the fast-food giant’s stock worth $29,000 after purchasing an additional 109 shares in the last quarter. Westside Investment Management Inc. purchased a new stake in shares of Mcdonald’s in the second quarter worth $34,000. Finally, Canton Hathaway LLC purchased a new stake in shares of Mcdonald’s in the first quarter worth $35,000. 67.70% of the stock is currently owned by institutional investors and hedge funds.
MCD has been the subject of a number of research reports. Cowen upped their target price on shares of Mcdonald’s from $225.00 to $235.00 and gave the stock an “outperform” rating in a research report on Thursday, July 18th. SunTrust Banks set a $240.00 target price on shares of Mcdonald’s and gave the stock a “buy” rating in a research report on Tuesday, August 20th. Bank of America upped their target price on shares of Mcdonald’s from $215.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, June 7th. Piper Jaffray Companies upped their target price on shares of Mcdonald’s from $209.00 to $226.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. Finally, MKM Partners initiated coverage on shares of Mcdonald’s in a research report on Tuesday, August 13th. They set a “buy” rating and a $250.00 target price for the company. Eight analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $220.55.
Mcdonald’s (NYSE:MCD) last issued its quarterly earnings data on Friday, July 26th. The fast-food giant reported $2.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.01). Mcdonald’s had a negative return on equity of 92.02% and a net margin of 28.32%. The firm had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.34 billion. During the same period in the previous year, the firm earned $1.99 EPS. The firm’s quarterly revenue was down .2% on a year-over-year basis. As a group, equities research analysts expect that Mcdonald’s Corp will post 8.01 earnings per share for the current year.
The company 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 2.19%. The ex-dividend date of this dividend is Friday, August 30th. Mcdonald’s’s payout ratio is currently 58.73%.
In related news, EVP Silvia Lagnado sold 26,649 shares of Mcdonald’s stock in a transaction that occurred on Thursday, August 1st. The shares were 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 in the company, valued at approximately $8,530,622.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Catherine A. Hoovel sold 457 shares of Mcdonald’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $218.15, for a total transaction of $99,694.55. Following the completion of the sale, the vice president now 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 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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