Retirement Income Solutions Inc Sells 356 Shares of Mcdonald’s Corp (NYSE:MCD)

Retirement Income Solutions Inc lessened its stake in Mcdonald’s Corp (NYSE:MCD) by 9.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,418 shares of the fast-food giant’s stock after selling 356 shares during the period. Retirement Income Solutions Inc’s holdings in Mcdonald’s were worth $675,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MCD. BlackRock Inc. raised its stake in Mcdonald’s by 1.1% during the 2nd quarter. BlackRock Inc. now owns 50,805,829 shares of the fast-food giant’s stock worth $10,550,339,000 after buying an additional 545,903 shares during the period. California Public Employees Retirement System raised its stake in Mcdonald’s by 10.0% during the 3rd quarter. California Public Employees Retirement System now owns 4,374,885 shares of the fast-food giant’s stock worth $939,332,000 after buying an additional 397,624 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Mcdonald’s by 1.0% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,271,313 shares of the fast-food giant’s stock worth $646,444,000 after buying an additional 31,862 shares during the period. Parametric Portfolio Associates LLC raised its stake in Mcdonald’s by 0.4% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 2,762,545 shares of the fast-food giant’s stock worth $593,146,000 after buying an additional 10,471 shares during the period. Finally, Rhumbline Advisers raised its stake in Mcdonald’s by 2.5% during the 3rd quarter. Rhumbline Advisers now owns 1,440,078 shares of the fast-food giant’s stock worth $309,199,000 after buying an additional 35,793 shares during the period. Hedge funds and other institutional investors own 67.12% of the company’s stock.

Shares of MCD traded down $0.33 on Friday, reaching $217.09. 1,719,889 shares of the company’s stock traded hands, compared to its average volume of 3,389,006. The stock has a market cap of $163.77 billion, a PE ratio of 27.55, a PEG ratio of 2.82 and a beta of 0.43. The stock’s 50 day simple moving average is $208.09 and its two-hundred day simple moving average is $206.46. Mcdonald’s Corp has a 52-week low of $177.01 and a 52-week high of $221.93.

Mcdonald’s (NYSE:MCD) last issued its quarterly earnings results on Wednesday, January 29th. The fast-food giant reported $1.97 EPS for the quarter, beating the Zacks’ consensus estimate of $1.96 by $0.01. The company had revenue of $5.35 billion during the quarter, compared to the consensus estimate of $5.30 billion. Mcdonald’s had a negative return on equity of 79.57% and a net margin of 28.59%. Mcdonald’s’s revenue was up 3.6% on a year-over-year basis. During the same period last year, the business posted $1.97 earnings per share. As a group, analysts forecast that Mcdonald’s Corp will post 8.54 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date is Friday, February 28th. Mcdonald’s’s payout ratio is 63.78%.

Several brokerages have recently commented on MCD. Morgan Stanley increased their price objective on Mcdonald’s from $214.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday, December 19th. KeyCorp increased their price objective on Mcdonald’s from $225.00 to $235.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Royal Bank of Canada reissued a “buy” rating and issued a $235.00 price objective on shares of Mcdonald’s in a research note on Thursday, January 30th. Wells Fargo & Co increased their price objective on Mcdonald’s from $234.00 to $236.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Finally, Stephens reissued a “buy” rating and issued a $225.00 price objective on shares of Mcdonald’s in a research note on Wednesday, December 11th. Nine research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $226.82.

In related news, VP Catherine A. Hoovel sold 2,555 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $214.00, for a total transaction of $546,770.00. Following the completion of the sale, the vice president now directly owns 1,347 shares of the company’s stock, valued at $288,258. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Daniel Henry sold 3,035 shares of the stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $215.54, for a total value of $654,163.90. The disclosure for this sale can be found here. Insiders have sold 19,616 shares of company stock valued at $4,198,430 over the last ninety days. 0.25% of the stock is currently owned by company insiders.

Mcdonald’s Company 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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