Surevest Inc. Raises Holdings in Mcdonald’s Corp (NYSE:MCD)

Surevest Inc. grew its position in Mcdonald’s Corp (NYSE:MCD) by 30.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,282 shares of the fast-food giant’s stock after buying an additional 1,916 shares during the quarter. Surevest Inc.’s holdings in Mcdonald’s were worth $1,778,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Biegel & Waller LLC lifted its stake in shares of Mcdonald’s by 5.4% during the 3rd quarter. Biegel & Waller LLC now owns 1,698 shares of the fast-food giant’s stock worth $365,000 after purchasing an additional 87 shares during the last quarter. Global Trust Asset Management LLC lifted its stake in shares of Mcdonald’s by 17.4% during the 3rd quarter. Global Trust Asset Management LLC now owns 6,144 shares of the fast-food giant’s stock worth $1,319,000 after purchasing an additional 909 shares during the last quarter. Valeo Financial Advisors LLC lifted its stake in shares of Mcdonald’s by 4.1% during the 3rd quarter. Valeo Financial Advisors LLC now owns 12,958 shares of the fast-food giant’s stock worth $2,782,000 after purchasing an additional 515 shares during the last quarter. IFG Advisors LLC purchased a new stake in shares of Mcdonald’s during the 3rd quarter worth $230,000. Finally, KMG Fiduciary Partners LLC lifted its stake in shares of Mcdonald’s by 0.9% during the 3rd quarter. KMG Fiduciary Partners LLC now owns 18,397 shares of the fast-food giant’s stock worth $3,950,000 after purchasing an additional 157 shares during the last quarter. Institutional investors and hedge funds own 67.64% of the company’s stock.

NYSE:MCD traded down $1.07 during mid-day trading on Tuesday, hitting $207.31. 2,091,199 shares of the company’s stock traded hands, compared to its average volume of 3,193,032. The company has a fifty day moving average of $213.13 and a 200 day moving average of $206.34. Mcdonald’s Corp has a twelve month low of $162.90 and a twelve month high of $221.93. The company has a market capitalization of $158.74 billion, a P/E ratio of 26.24, a P/E/G ratio of 3.10 and a beta of 0.49.

Mcdonald’s (NYSE:MCD) last announced its earnings results on Friday, July 26th. The fast-food giant reported $2.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.06 by ($0.01). The business had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.34 billion. Mcdonald’s had a net margin of 28.32% and a negative return on equity of 92.02%. The company’s quarterly revenue was down .2% on a year-over-year basis. During the same period in the prior year, the company earned $1.99 earnings per share. 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 Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a $1.25 dividend. The ex-dividend date is Friday, November 29th. This is a positive change from Mcdonald’s’s previous quarterly dividend of $1.16. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.41%. Mcdonald’s’s dividend payout ratio is currently 58.73%.

A number of brokerages recently weighed in on MCD. MKM Partners began coverage on Mcdonald’s in a research note on Tuesday, August 13th. They set a “buy” rating and a $250.00 price objective for the company. Cleveland Research restated a “hold” rating on shares of Mcdonald’s in a research note on Friday, July 12th. ValuEngine cut Mcdonald’s from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Robert W. Baird upped their price objective on Mcdonald’s from $225.00 to $230.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Finally, Credit Suisse Group upped their price objective on Mcdonald’s from $230.00 to $236.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 30th. They noted that the move was a valuation call. Nine equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $221.90.

In other news, EVP Silvia Lagnado sold 26,649 shares of the stock in a transaction dated 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 transaction, the executive vice president now directly owns 40,129 shares of the company’s stock, valued at $8,530,622.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Catherine A. Hoovel sold 457 shares of the stock in a transaction dated 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 transaction, the vice president now directly owns 1,348 shares in the company, valued at $294,066.20. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by corporate insiders.

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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