M&R Capital Management Inc. Cuts Stake in Mcdonald’s Corp (NYSE:MCD)

M&R Capital Management Inc. lowered its position in Mcdonald’s Corp (NYSE:MCD) by 9.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,819 shares of the fast-food giant’s stock after selling 700 shares during the quarter. M&R Capital Management Inc.’s holdings in Mcdonald’s were worth $1,464,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of MCD. Salomon & Ludwin LLC lifted its position in Mcdonald’s by 3.7% in the second quarter. Salomon & Ludwin LLC now owns 1,280 shares of the fast-food giant’s stock valued at $266,000 after purchasing an additional 46 shares during the last quarter. First Command Financial Services Inc. raised its holdings in shares of Mcdonald’s by 2.7% during the second quarter. First Command Financial Services Inc. now owns 1,857 shares of the fast-food giant’s stock valued at $386,000 after acquiring an additional 48 shares in the last quarter. Graves Light Private Wealth Management Inc. raised its holdings in shares of Mcdonald’s by 1.5% during the second quarter. Graves Light Private Wealth Management Inc. now owns 3,428 shares of the fast-food giant’s stock valued at $712,000 after acquiring an additional 49 shares in the last quarter. Gilman Hill Asset Management LLC raised its holdings in shares of Mcdonald’s by 2.2% during the second quarter. Gilman Hill Asset Management LLC now owns 2,344 shares of the fast-food giant’s stock valued at $487,000 after acquiring an additional 50 shares in the last quarter. Finally, Duncker Streett & Co. Inc. raised its holdings in shares of Mcdonald’s by 1.9% during the second quarter. Duncker Streett & Co. Inc. now owns 2,698 shares of the fast-food giant’s stock valued at $560,000 after acquiring an additional 50 shares in the last quarter. 67.61% of the stock is owned by institutional investors and hedge funds.

In other Mcdonald’s news, VP Catherine A. Hoovel sold 457 shares of the stock in a transaction dated Friday, August 16th. The stock was 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 $294,066.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Silvia Lagnado sold 26,649 shares of the stock in a transaction dated 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 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 currently owned by corporate insiders.

Shares of Mcdonald’s stock traded up $2.21 during trading on Thursday, hitting $208.48. 87,331 shares of the company’s stock traded hands, compared to its average volume of 3,242,515. Mcdonald’s Corp has a 1 year low of $161.82 and a 1 year high of $221.93. The stock has a market capitalization of $163.06 billion, a P/E ratio of 26.39, a PEG ratio of 3.19 and a beta of 0.49. The business has a 50-day simple moving average of $214.89 and a 200-day simple moving average of $204.83.

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

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

A number of brokerages recently commented on MCD. Mizuho upped their target price on Mcdonald’s from $215.00 to $230.00 and gave the company a “buy” rating in a report on Monday, July 29th. ValuEngine downgraded Mcdonald’s from a “buy” rating to a “hold” rating in a report on Wednesday. Cowen upped their target price 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 set a $226.00 target price on Mcdonald’s and gave the company a “buy” rating in a report on Wednesday, September 18th. Finally, Morgan Stanley upped their target price on Mcdonald’s from $210.00 to $220.00 and gave the company an “overweight” rating in a report on Thursday, July 18th. Nine investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $221.19.

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.

Recommended Story: Dow Jones Industrial Average (DJIA)

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.