Mckinley Capital Management LLC Delaware cut its stake in shares of McDonald’s Corp. (NYSE:MCD) by 0.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,659 shares of the fast-food giant’s stock after selling 106 shares during the period. Mckinley Capital Management LLC Delaware’s holdings in McDonald’s Corp. were worth $5,735,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in MCD. Pennsylvania Trust Co raised its position in McDonald’s Corp. by 3.3% in the second quarter. Pennsylvania Trust Co now owns 108,250 shares of the fast-food giant’s stock valued at $13,027,000 after buying an additional 3,477 shares in the last quarter. Exxonmobil Investment Management Inc. TX raised its position in McDonald’s Corp. by 3.5% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 227,234 shares of the fast-food giant’s stock valued at $27,345,000 after buying an additional 7,714 shares in the last quarter. Geode Capital Management LLC raised its position in McDonald’s Corp. by 4.0% in the first quarter. Geode Capital Management LLC now owns 7,789,916 shares of the fast-food giant’s stock valued at $977,173,000 after buying an additional 302,511 shares in the last quarter. National Pension Service raised its position in McDonald’s Corp. by 4.2% in the first quarter. National Pension Service now owns 481,054 shares of the fast-food giant’s stock valued at $60,459,000 after buying an additional 19,502 shares in the last quarter. Finally, Royal Bank of Scotland Group PLC purchased a new position in McDonald’s Corp. during the first quarter valued at $540,000. 69.10% of the stock is currently owned by institutional investors and hedge funds.
McDonald’s Corp. (NYSE:MCD) traded down 0.16% on Friday, reaching $117.17. The company had a trading volume of 2,775,956 shares. McDonald’s Corp. has a 12 month low of $95.78 and a 12 month high of $131.96. The firm has a 50 day moving average price of $116.50 and a 200-day moving average price of $122.22. The stock has a market capitalization of $99.99 billion, a price-to-earnings ratio of 22.37 and a beta of 0.59.
McDonald’s Corp. (NYSE:MCD) last released its quarterly earnings results on Tuesday, July 26th. The fast-food giant reported $1.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.39 by $0.06. McDonald’s Corp. had a return on equity of 97.56% and a net margin of 18.73%. The firm earned $6.27 billion during the quarter, compared to analysts’ expectations of $6.28 billion. During the same period last year, the firm posted $1.26 EPS. The business’s revenue was down 3.6% on a year-over-year basis. Analysts forecast that McDonald’s Corp. will post $5.56 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Thursday, September 1st were given a $0.89 dividend. The ex-dividend date was Tuesday, August 30th. This represents a $3.56 dividend on an annualized basis and a yield of 3.04%. McDonald’s Corp.’s payout ratio is 68.59%.
Several equities analysts have recently weighed in on MCD shares. Credit Suisse Group AG reaffirmed an “outperform” rating and issued a $132.00 price objective on shares of McDonald’s Corp. in a research note on Friday, September 16th. Robert W. Baird reissued an “outperform” rating on shares of McDonald’s Corp. in a research report on Thursday, September 8th. Vetr raised McDonald’s Corp. from a “hold” rating to a “buy” rating and set a $121.01 price target on the stock in a research report on Monday, September 5th. Citigroup Inc. reduced their price target on McDonald’s Corp. from $130.00 to $122.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 13th. Finally, Canaccord Genuity initiated coverage on McDonald’s Corp. in a research report on Monday, August 22nd. They set a “hold” rating and a $122.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and thirteen have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $126.62.
In other McDonald’s Corp. news, Chairman Andrew J. Mckenna sold 70,000 shares of the stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $118.28, for a total value of $8,279,600.00. Following the transaction, the chairman now directly owns 108,841 shares in the company, valued at approximately $12,873,713.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.28% of the stock is owned by company insiders.
About McDonald’s Corp.
McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally-relevant menu of quality food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets and Foundational Markets and Corporate.
Want to see what other hedge funds are holding MCD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for McDonald’s Corp. (NYSE:MCD).
Receive News & Ratings for McDonald's Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDonald's Corp. and related companies with MarketBeat.com's FREE daily email newsletter.