Webster Bank N. A. Has $2.11 Million Stock Position in Mcdonald’s Corp (NYSE:MCD)

Webster Bank N. A. lowered its holdings in shares of Mcdonald’s Corp (NYSE:MCD) by 0.7% in the third quarter, HoldingsChannel reports. The firm owned 9,822 shares of the fast-food giant’s stock after selling 70 shares during the period. Webster Bank N. A.’s holdings in Mcdonald’s were worth $2,108,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of MCD. Nuveen Asset Management LLC grew its holdings in Mcdonald’s by 2,674.7% during the second quarter. Nuveen Asset Management LLC now owns 5,707,504 shares of the fast-food giant’s stock worth $1,185,221,000 after purchasing an additional 5,501,809 shares during the period. Thoroughbred Financial Services LLC grew its holdings in Mcdonald’s by 21,724.4% during the second quarter. Thoroughbred Financial Services LLC now owns 3,151,660 shares of the fast-food giant’s stock worth $315,166,000 after purchasing an additional 3,137,219 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Mcdonald’s by 11.0% during the second quarter. Price T Rowe Associates Inc. MD now owns 16,562,216 shares of the fast-food giant’s stock worth $3,439,309,000 after purchasing an additional 1,640,747 shares during the period. Marshall Wace LLP grew its holdings in Mcdonald’s by 1,010.2% during the first quarter. Marshall Wace LLP now owns 1,451,960 shares of the fast-food giant’s stock worth $275,727,000 after purchasing an additional 1,321,172 shares during the period. Finally, Vanguard Group Inc. grew its holdings in Mcdonald’s by 1.3% during the second quarter. Vanguard Group Inc. now owns 66,926,245 shares of the fast-food giant’s stock worth $13,897,903,000 after purchasing an additional 857,084 shares during the period. Institutional investors and hedge funds own 67.61% of the company’s stock.

Shares of NYSE:MCD traded up $2.94 during trading on Thursday, reaching $209.22. 1,536,708 shares of the stock were exchanged, compared to its average volume of 3,242,515. Mcdonald’s Corp has a 12 month low of $161.82 and a 12 month high of $221.93. The firm has a market cap of $163.06 billion, a PE ratio of 26.48, a PEG ratio of 3.19 and a beta of 0.49. The stock has a 50-day moving average price of $214.89 and a 200-day moving average price of $204.83.

Mcdonald’s (NYSE:MCD) last released its quarterly earnings results on Friday, July 26th. The fast-food giant reported $2.05 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $5.34 billion. During the same quarter in the previous year, the firm posted $1.99 earnings per share. The firm’s quarterly revenue was down .2% on a year-over-year basis. On average, analysts anticipate that Mcdonald’s Corp will post 8.01 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.39%. This is an increase from Mcdonald’s’s previous quarterly dividend of $1.16. The ex-dividend date of this dividend is Friday, November 29th. Mcdonald’s’s payout ratio is presently 58.73%.

In other news, VP Catherine A. Hoovel sold 457 shares of Mcdonald’s stock in a transaction that occurred 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 completion of the sale, the vice president now directly owns 1,348 shares in the company, valued at $294,066.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, 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 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 disclosure for this sale can be found here. 0.25% of the stock is currently owned by insiders.

A number of equities analysts recently commented on MCD shares. BTIG Research lifted their price target on Mcdonald’s from $220.00 to $240.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. Jefferies Financial Group lifted their price target on Mcdonald’s from $225.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, June 28th. KeyCorp lifted their price target on Mcdonald’s from $215.00 to $235.00 and gave the stock an “overweight” rating in a report on Monday, July 29th. DZ Bank reiterated a “hold” rating and set a $220.00 price target (down previously from $222.00) on shares of Mcdonald’s in a report on Tuesday, July 30th. Finally, Sanford C. Bernstein reiterated a “buy” rating on shares of Mcdonald’s in a report on Friday, July 26th. Nine equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $221.19.

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 Story: Buyback For Investors Defined

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.