Vigilant Capital Management LLC Sells 110 Shares of McDonald's Co. (NYSE:MCD)

Vigilant Capital Management LLC reduced its holdings in shares of McDonald's Co. (NYSE:MCD) by 6.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,570 shares of the fast-food giant’s stock after selling 110 shares during the quarter. Vigilant Capital Management LLC’s holdings in McDonald's were worth $345,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. CVA Family Office LLC acquired a new stake in McDonald's during the 1st quarter worth approximately $33,000. Lake Point Wealth Management lifted its holdings in McDonald's by 2,462.5% during the 1st quarter. Lake Point Wealth Management now owns 205 shares of the fast-food giant’s stock worth $34,000 after purchasing an additional 197 shares during the last quarter. Reitz Capital Advisors LLC acquired a new stake in McDonald's during the 2nd quarter worth approximately $42,000. Lenox Wealth Advisors LLC lifted its holdings in McDonald's by 66.1% during the 3rd quarter. Lenox Wealth Advisors LLC now owns 211 shares of the fast-food giant’s stock worth $46,000 after purchasing an additional 84 shares during the last quarter. Finally, JJJ Advisors Inc. lifted its holdings in McDonald's by 119.4% during the 2nd quarter. JJJ Advisors Inc. now owns 272 shares of the fast-food giant’s stock worth $50,000 after purchasing an additional 148 shares during the last quarter. Institutional investors own 66.07% of the company’s stock.

Several analysts recently weighed in on MCD shares. SVB Leerink started coverage on McDonald's in a report on Friday, July 24th. They set a “hold” rating for the company. UBS Group lifted their price target on McDonald's from $215.00 to $230.00 and gave the stock a “neutral” rating in a report on Monday, September 14th. BMO Capital Markets lifted their price objective on McDonald's from $220.00 to $235.00 and gave the company an “outperform” rating in a report on Friday, October 9th. Wells Fargo & Company lifted their price objective on McDonald's from $222.00 to $244.00 and gave the company an “overweight” rating in a report on Thursday, October 1st. Finally, Oppenheimer reaffirmed a “hold” rating on shares of McDonald's in a report on Tuesday, July 28th. Eight research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $222.43.

Shares of MCD stock opened at $229.37 on Friday. The firm has a market capitalization of $170.67 billion, a P/E ratio of 36.35, a P/E/G ratio of 5.25 and a beta of 0.67. McDonald's Co. has a twelve month low of $124.23 and a twelve month high of $231.91. The stock’s fifty day simple moving average is $219.28 and its 200 day simple moving average is $196.08.

McDonald's (NYSE:MCD) last released its quarterly earnings results on Tuesday, July 28th. The fast-food giant reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.10). McDonald's had a net margin of 24.78% and a negative return on equity of 52.78%. The company had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.73 billion. During the same quarter last year, the firm posted $2.05 EPS. The company’s quarterly revenue was down 29.6% on a year-over-year basis. On average, sell-side analysts anticipate that McDonald's Co. will post 5.96 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be given a $1.29 dividend. This represents a $5.16 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date is Monday, November 30th. This is a positive change from McDonald's’s previous quarterly dividend of $1.25. McDonald's’s payout ratio is 63.78%.

About McDonald's

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products and beverages, as well as breakfast menu. As of December 31, 2019, the company operated 38,695 restaurants. McDonald's Corporation was founded in 1940 and is based in Chicago, Illinois.

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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