D L Carlson Investment Group Inc. cut its holdings in Mcdonald’s Corp (NYSE:MCD) by 3.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,455 shares of the fast-food giant’s stock after selling 110 shares during the period. D L Carlson Investment Group Inc.’s holdings in Mcdonald’s were worth $742,000 as of its most recent filing with the SEC.
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Several other institutional investors have also bought and sold shares of the company. Cox Capital Mgt LLC boosted its holdings in Mcdonald’s by 2.7% in the second quarter. Cox Capital Mgt LLC now owns 11,382 shares of the fast-food giant’s stock valued at $2,364,000 after purchasing an additional 299 shares during the last quarter. Thomasville National Bank boosted its holdings in Mcdonald’s by 3.6% in the second quarter. Thomasville National Bank now owns 23,281 shares of the fast-food giant’s stock valued at $4,834,000 after purchasing an additional 800 shares during the last quarter. Baystate Wealth Management LLC boosted its holdings in Mcdonald’s by 59.4% in the second quarter. Baystate Wealth Management LLC now owns 735 shares of the fast-food giant’s stock valued at $152,000 after purchasing an additional 274 shares during the last quarter. South Texas Money Management Ltd. boosted its holdings in Mcdonald’s by 4.4% in the second quarter. South Texas Money Management Ltd. now owns 1,529 shares of the fast-food giant’s stock valued at $318,000 after purchasing an additional 64 shares during the last quarter. Finally, Winfield Associates Inc. purchased a new position in Mcdonald’s in the second quarter valued at about $145,000. Institutional investors and hedge funds own 67.91% of the company’s stock.
Shares of NYSE:MCD opened at $193.61 on Friday. Mcdonald’s Corp has a fifty-two week low of $169.04 and a fifty-two week high of $221.93. The firm has a 50-day simple moving average of $204.71 and a 200 day simple moving average of $207.29. The company has a market cap of $144.73 billion, a PE ratio of 24.51, a P/E/G ratio of 3.04 and a beta of 0.48.
Mcdonald’s (NYSE:MCD) last announced its quarterly earnings data on Tuesday, October 22nd. The fast-food giant reported $2.11 earnings per share for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.10). Mcdonald’s had a net margin of 28.09% and a negative return on equity of 85.71%. The business had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.47 billion. During the same period in the prior year, the company earned $2.10 EPS. Mcdonald’s’s quarterly revenue was up 1.1% on a year-over-year basis. As a group, analysts expect that Mcdonald’s Corp will post 7.87 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 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 2.58%. The ex-dividend date of this dividend is Friday, November 29th. This is an increase from Mcdonald’s’s previous quarterly dividend of $1.16. Mcdonald’s’s dividend payout ratio is currently 58.73%.
In other Mcdonald’s news, CEO Christopher J. Kempczinski acquired 2,580 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was acquired at an average price of $193.81 per share, with a total value of $500,029.80. Following the transaction, the chief executive officer now directly owns 2,580 shares in the company, valued at $500,029.80. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, VP Catherine A. Hoovel sold 457 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $218.15, for a total transaction of $99,694.55. Following the sale, the vice president now directly owns 1,348 shares of the company’s stock, valued at approximately $294,066.20. The disclosure for this sale can be found here. 0.25% of the stock is owned by corporate insiders.
A number of brokerages recently commented on MCD. BMO Capital Markets increased their price target on Mcdonald’s to $230.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Robert W. Baird reduced their price target on Mcdonald’s from $230.00 to $225.00 and set an “outperform” rating for the company in a report on Tuesday, October 22nd. Wells Fargo & Co reduced their price target on Mcdonald’s from $235.00 to $222.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Barclays set a $230.00 price target on Mcdonald’s and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Sanford C. Bernstein reissued a “buy” rating on shares of Mcdonald’s in a report on Friday, July 26th. Eight investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. Mcdonald’s presently has a consensus rating of “Buy” and an average price target of $222.96.
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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