Mcdonald’s Corp (NYSE:MCD) Holdings Cut by Smith Chas P & Associates PA Cpas

Smith Chas P & Associates PA Cpas decreased its stake in Mcdonald’s Corp (NYSE:MCD) by 0.2% in the third quarter, Holdings Channel reports. The institutional investor owned 103,337 shares of the fast-food giant’s stock after selling 210 shares during the quarter. Mcdonald’s makes up approximately 2.6% of Smith Chas P & Associates PA Cpas’ holdings, making the stock its 25th largest position. Smith Chas P & Associates PA Cpas’ holdings in Mcdonald’s were worth $22,188,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. Krane Funds Advisors LLC bought a new position in shares of Mcdonald’s during the 2nd quarter valued at $25,000. Litman Gregory Asset Management LLC bought a new position in shares of Mcdonald’s during the 2nd quarter valued at $27,000. Atlas Capital Advisors LLC raised its holdings in shares of Mcdonald’s by 330.3% during the 2nd quarter. Atlas Capital Advisors LLC now owns 142 shares of the fast-food giant’s stock valued at $29,000 after purchasing an additional 109 shares in the last quarter. Garrett Wealth Advisory Group LLC bought a new position in shares of Mcdonald’s during the 3rd quarter valued at $30,000. Finally, Prime Capital Investment Advisors LLC bought a new position in shares of Mcdonald’s during the 3rd quarter valued at $30,000. Institutional investors own 68.51% of the company’s stock.

NYSE MCD traded up $0.64 during midday trading on Tuesday, hitting $193.28. The company had a trading volume of 2,845,490 shares, compared to its average volume of 3,366,330. The stock has a market cap of $145.81 billion, a price-to-earnings ratio of 24.47, a P/E/G ratio of 3.07 and a beta of 0.48. The firm has a fifty day simple moving average of $203.74 and a two-hundred day simple moving average of $207.27. Mcdonald’s Corp has a fifty-two week low of $169.04 and a fifty-two week high of $221.93.

Mcdonald’s (NYSE:MCD) last posted its quarterly earnings results on Tuesday, October 22nd. The fast-food giant reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.21 by ($0.10). The company had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.47 billion. Mcdonald’s had a negative return on equity of 85.71% and a net margin of 28.09%. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.10 earnings per share. As a group, research analysts anticipate that Mcdonald’s Corp will post 7.85 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.59%. This is a positive change from Mcdonald’s’s previous quarterly dividend of $1.16. The ex-dividend date is Friday, November 29th. Mcdonald’s’s dividend payout ratio (DPR) is currently 58.73%.

In related news, Director John J. Mulligan purchased 1,300 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were bought at an average cost of $193.46 per share, for a total transaction of $251,498.00. Following the transaction, the director now directly owns 2,900 shares of the company’s stock, valued at approximately $561,034. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Catherine A. Hoovel sold 457 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $218.15, for a total transaction of $99,694.55. Following the completion of the sale, the vice president now owns 1,348 shares in the company, valued at $294,066.20. The disclosure for this sale can be found here. Insiders acquired a total of 6,380 shares of company stock worth $1,236,103 over the last 90 days. Company insiders own 0.25% of the company’s stock.

MCD has been the topic of a number of recent research reports. MKM Partners cut their price target on shares of Mcdonald’s from $240.00 to $225.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Barclays set a $230.00 target price on shares of Mcdonald’s and gave the company a “buy” rating in a research note on Friday, July 26th. Mizuho raised their target price on shares of Mcdonald’s from $215.00 to $230.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Robert W. Baird lowered their target price on shares of Mcdonald’s from $230.00 to $225.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 22nd. Finally, BTIG Research raised their target price on shares of Mcdonald’s from $220.00 to $240.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. Eight analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $222.96.

About Mcdonald’s

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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