Mcdonald’s Corp (NYSE:MCD) is Schmidt P J Investment Management Inc.’s 6th Largest Position

Schmidt P J Investment Management Inc. trimmed its position in shares of Mcdonald’s Corp (NYSE:MCD) by 0.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,350 shares of the fast-food giant’s stock after selling 220 shares during the quarter. Mcdonald’s makes up about 2.4% of Schmidt P J Investment Management Inc.’s portfolio, making the stock its 6th biggest holding. Schmidt P J Investment Management Inc.’s holdings in Mcdonald’s were worth $8,449,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Salomon & Ludwin LLC raised its holdings in Mcdonald’s by 3.7% in the 2nd quarter. Salomon & Ludwin LLC now owns 1,280 shares of the fast-food giant’s stock valued at $266,000 after buying an additional 46 shares during the period. First Command Financial Services Inc. raised its holdings in Mcdonald’s by 2.7% in the 2nd quarter. First Command Financial Services Inc. now owns 1,857 shares of the fast-food giant’s stock valued at $386,000 after buying an additional 48 shares during the period. Graves Light Private Wealth Management Inc. raised its holdings in Mcdonald’s by 1.5% in the 2nd quarter. Graves Light Private Wealth Management Inc. now owns 3,428 shares of the fast-food giant’s stock valued at $712,000 after buying an additional 49 shares during the period. Larson Financial Group LLC raised its holdings in Mcdonald’s by 10.1% in the 3rd quarter. Larson Financial Group LLC now owns 535 shares of the fast-food giant’s stock valued at $115,000 after buying an additional 49 shares during the period. Finally, Gilman Hill Asset Management LLC raised its holdings in Mcdonald’s by 2.2% in the 2nd quarter. Gilman Hill Asset Management LLC now owns 2,344 shares of the fast-food giant’s stock valued at $487,000 after buying an additional 50 shares during the period. 67.65% of the stock is owned by hedge funds and other institutional investors.

Shares of Mcdonald’s stock traded down $2.91 on Thursday, reaching $196.30. 3,074,464 shares of the company were exchanged, compared to its average volume of 3,494,149. Mcdonald’s Corp has a 1-year low of $169.04 and a 1-year high of $221.93. The company has a market cap of $151.33 billion, a P/E ratio of 24.85, a price-to-earnings-growth ratio of 2.97 and a beta of 0.49. The stock’s 50 day moving average price is $211.16 and its 200-day moving average price is $207.12.

Mcdonald’s (NYSE:MCD) last announced its quarterly earnings data on Tuesday, October 22nd. The fast-food giant reported $2.11 EPS for the quarter, missing the Zacks’ consensus estimate of $2.21 by ($0.10). Mcdonald’s had a negative return on equity of 92.46% and a net margin of 28.09%. The company had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.47 billion. During the same period in the prior year, the firm posted $2.10 earnings per share. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. On average, equities research analysts expect that Mcdonald’s Corp will post 7.99 EPS for the current year.

The firm 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 dividend on an annualized basis and a yield of 2.55%. 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 dividend payout ratio is 58.73%.

MCD has been the topic of several research analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Mcdonald’s from $230.00 to $215.00 and set an “overweight” rating on the stock in a report on Wednesday. Mizuho boosted their price target on shares of Mcdonald’s from $215.00 to $230.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. BTIG Research boosted their price target on shares of Mcdonald’s from $220.00 to $240.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Cleveland Research reiterated a “hold” rating on shares of Mcdonald’s in a research note on Friday, July 12th. Finally, SunTrust Banks cut their price target on shares of Mcdonald’s from $240.00 to $230.00 and set a “buy” rating on the stock in a research note on Wednesday. Nine research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. Mcdonald’s presently has an average rating of “Buy” and a consensus target price of $221.39.

In related news, VP Catherine A. Hoovel sold 457 shares of the company’s 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 of the company’s stock, valued at $294,066.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Silvia Lagnado sold 26,649 shares of the company’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 value of $5,665,044.42. Following the completion of the transaction, the executive vice president now directly owns 40,129 shares of the company’s stock, valued at $8,530,622.82. The disclosure for this sale can be found here. Corporate insiders own 0.25% of the company’s stock.

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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