CMH Wealth Management LLC Lowers Holdings in Mcdonald’s Corp (NYSE:MCD)

CMH Wealth Management LLC decreased its stake in Mcdonald’s Corp (NYSE:MCD) by 2.1% during the third quarter, Holdings Channel reports. The institutional investor owned 11,229 shares of the fast-food giant’s stock after selling 245 shares during the quarter. CMH Wealth Management LLC’s holdings in Mcdonald’s were worth $2,411,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Krane Funds Advisors LLC acquired a new position in Mcdonald’s in the 2nd quarter worth about $25,000. Litman Gregory Asset Management LLC acquired a new position in Mcdonald’s in the 2nd quarter worth about $27,000. Atlas Capital Advisors LLC raised its holdings in Mcdonald’s by 330.3% in the 2nd 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 during the period. Westside Investment Management Inc. acquired a new position in Mcdonald’s in the 2nd quarter worth about $34,000. Finally, Next Capital Management LLC acquired a new position in Mcdonald’s in the 2nd quarter worth about $41,000. Hedge funds and other institutional investors own 67.60% of the company’s stock.

A number of equities analysts recently weighed in on the company. TheStreet raised Mcdonald’s from a “c+” rating to a “b-” rating in a report on Monday, August 26th. Wells Fargo & Co upped their price target on Mcdonald’s from $235.00 to $237.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Robert W. Baird upped their price target on Mcdonald’s from $225.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. UBS Group upped their price target on Mcdonald’s from $203.00 to $218.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Finally, JPMorgan Chase & Co. upped their price target on Mcdonald’s from $195.00 to $215.00 and gave the stock an “overweight” rating in a report on Friday, June 28th. Nine equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $221.90.



In related news, VP Catherine A. Hoovel sold 457 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $218.15, for a total value of $99,694.55. Following the completion of the transaction, the vice president now directly owns 1,348 shares in the company, valued at $294,066.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Silvia Lagnado sold 26,649 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was 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 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 company insiders.

Shares of NYSE:MCD traded down $2.74 during midday trading on Friday, hitting $209.02. The company had a trading volume of 3,941,677 shares, compared to its average volume of 3,313,624. Mcdonald’s Corp has a twelve month low of $161.82 and a twelve month high of $221.93. The stock has a market cap of $160.33 billion, a price-to-earnings ratio of 26.46, a price-to-earnings-growth ratio of 3.14 and a beta of 0.49. The business’s 50-day simple moving average is $213.77 and its 200-day simple moving average is $205.88.

Mcdonald’s (NYSE:MCD) last posted its quarterly earnings results 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 company had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.34 billion. During the same period in the prior year, the business posted $1.99 EPS. Mcdonald’s’s revenue for the quarter was down .2% compared to the same quarter last year. As a group, equities research analysts expect that Mcdonald’s Corp will post 8.01 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 2.39%. The ex-dividend date is Friday, November 29th. This is a boost from Mcdonald’s’s previous quarterly dividend of $1.16. Mcdonald’s’s dividend payout ratio (DPR) is currently 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.

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

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