Mcdonald’s Corp (NYSE:MCD) Holdings Trimmed by Rowland & Co. Investment Counsel ADV

Rowland & Co. Investment Counsel ADV cut its position in shares of Mcdonald’s Corp (NYSE:MCD) by 0.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 47,512 shares of the fast-food giant’s stock after selling 324 shares during the quarter. Mcdonald’s makes up about 3.5% of Rowland & Co. Investment Counsel ADV’s holdings, making the stock its 6th biggest position. Rowland & Co. Investment Counsel ADV’s holdings in Mcdonald’s were worth $10,217,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in MCD. Cambridge Trust Co. boosted its holdings in Mcdonald’s by 19.2% during the first quarter. Cambridge Trust Co. now owns 166,656 shares of the fast-food giant’s stock worth $31,648,000 after purchasing an additional 26,801 shares during the last quarter. Winslow Evans & Crocker Inc. boosted its stake in Mcdonald’s by 13.6% in the first quarter. Winslow Evans & Crocker Inc. now owns 1,992 shares of the fast-food giant’s stock valued at $380,000 after acquiring an additional 238 shares during the last quarter. Boenning & Scattergood Inc. boosted its stake in Mcdonald’s by 3.3% in the first quarter. Boenning & Scattergood Inc. now owns 15,282 shares of the fast-food giant’s stock valued at $2,902,000 after acquiring an additional 486 shares during the last quarter. Clarkston Capital Partners LLC boosted its stake in Mcdonald’s by 18.0% in the first quarter. Clarkston Capital Partners LLC now owns 6,543 shares of the fast-food giant’s stock valued at $1,243,000 after acquiring an additional 1,000 shares during the last quarter. Finally, CWM LLC boosted its stake in Mcdonald’s by 100.3% in the first quarter. CWM LLC now owns 53,394 shares of the fast-food giant’s stock valued at $10,139,000 after acquiring an additional 26,743 shares during the last quarter. Institutional investors and hedge funds own 67.61% of the company’s stock.

A number of research firms have weighed in on MCD. BTIG Research boosted their target price on shares of Mcdonald’s from $220.00 to $240.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. Telsey Advisory Group reissued an “outperform” rating and issued a $230.00 price target (up previously from $210.00) on shares of Mcdonald’s in a research report on Monday, July 15th. MKM Partners started coverage on shares of Mcdonald’s in a research report on Tuesday, August 13th. They issued a “buy” rating and a $250.00 price target on the stock. DZ Bank reissued a “hold” rating and issued a $220.00 price target (down previously from $222.00) on shares of Mcdonald’s in a research report on Tuesday, July 30th. Finally, UBS Group boosted their price target on shares of Mcdonald’s from $203.00 to $218.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Nine analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $221.19.

In other news, VP Catherine A. Hoovel sold 457 shares of the stock in a transaction on Friday, August 16th. The shares were sold at an average price of $218.15, for a total value of $99,694.55. Following the transaction, the vice president now owns 1,348 shares of the company’s stock, valued at approximately $294,066.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Silvia Lagnado sold 26,649 shares of the stock in a transaction on 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 transaction, the executive vice president now directly owns 40,129 shares in the company, valued at approximately $8,530,622.82. The disclosure for this sale can be found here. 0.25% of the stock is owned by corporate insiders.

Mcdonald’s stock traded up $2.17 during midday trading on Thursday, reaching $208.44. 999,231 shares of the stock were exchanged, compared to its average volume of 3,242,515. The company’s fifty day moving average is $214.89 and its 200-day moving average is $204.83. The firm has a market cap of $163.06 billion, a PE ratio of 26.39, a PEG ratio of 3.19 and a beta of 0.49. Mcdonald’s Corp has a 52 week low of $161.82 and a 52 week high of $221.93.

Mcdonald’s (NYSE:MCD) last issued its quarterly earnings results 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 company had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $5.34 billion. Mcdonald’s had a negative return on equity of 92.02% and a net margin of 28.32%. Mcdonald’s’s quarterly revenue was down .2% on a year-over-year basis. During the same period in the previous year, the company earned $1.99 EPS. As a group, analysts forecast that Mcdonald’s Corp will post 8.01 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a $1.25 dividend. This is a positive change from Mcdonald’s’s previous quarterly dividend of $1.16. The ex-dividend date of this dividend is Friday, November 29th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.40%. Mcdonald’s’s dividend payout ratio is presently 58.73%.

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.

Featured Article: How to interpret a stock’s beta number

Want to see what other hedge funds are holding MCD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mcdonald’s Corp (NYSE:MCD).

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

Receive News & Ratings for Mcdonald's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mcdonald's and related companies with MarketBeat.com's FREE daily email newsletter.