Affinity Investment Advisors LLC increased its position in McDonald’s Corp. (NYSE:MCD) by 23.0% during the second quarter, Holdings Channel reports. The firm owned 66,891 shares of the fast-food giant’s stock after buying an additional 12,494 shares during the period. Affinity Investment Advisors LLC’s holdings in McDonald’s Corp. were worth $8,050,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in MCD. Emerald Acquisition Ltd. acquired a new position in shares of McDonald’s Corp. during the second quarter valued at $158,428,000. Societe Generale acquired a new position in shares of McDonald’s Corp. during the second quarter valued at $151,614,000. Acadian Asset Management LLC boosted its position in shares of McDonald’s Corp. by 206.9% in the first quarter. Acadian Asset Management LLC now owns 1,557,654 shares of the fast-food giant’s stock valued at $195,770,000 after buying an additional 1,050,070 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of McDonald’s Corp. during the first quarter valued at $76,602,000. Finally, NN Investment Partners Holdings N.V. boosted its position in shares of McDonald’s Corp. by 109.4% in the second quarter. NN Investment Partners Holdings N.V. now owns 1,161,699 shares of the fast-food giant’s stock valued at $139,800,000 after buying an additional 607,056 shares during the last quarter. 69.10% of the stock is currently owned by institutional investors.
McDonald’s Corp. (NYSE:MCD) opened at 117.17 on Friday. McDonald’s Corp. has a 12 month low of $95.78 and a 12 month high of $131.96. The stock has a market cap of $99.99 billion, a PE ratio of 22.37 and a beta of 0.59. The company’s 50 day moving average is $116.50 and its 200 day moving average is $122.22.
McDonald’s Corp. (NYSE:MCD) last posted its earnings results on Tuesday, July 26th. The fast-food giant reported $1.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.39 by $0.06. The company earned $6.27 billion during the quarter, compared to analysts’ expectations of $6.28 billion. McDonald’s Corp. had a net margin of 18.73% and a return on equity of 97.56%. McDonald’s Corp.’s quarterly revenue was down 3.6% on a year-over-year basis. During the same period last year, the company posted $1.26 earnings per share. On average, analysts anticipate that McDonald’s Corp. will post $5.56 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Thursday, September 1st were paid a dividend of $0.89 per share. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $3.56 annualized dividend and a yield of 3.04%. McDonald’s Corp.’s payout ratio is 68.59%.
Several equities analysts recently weighed in on MCD shares. Nomura reaffirmed a “buy” rating on shares of McDonald’s Corp. in a research report on Thursday, June 2nd. JPMorgan Chase & Co. set a $130.00 price target on shares of McDonald’s Corp. and gave the company a “buy” rating in a research report on Tuesday, July 12th. RBC Capital Markets reaffirmed a “buy” rating and issued a $140.00 price target on shares of McDonald’s Corp. in a research report on Friday, July 22nd. Vetr raised shares of McDonald’s Corp. from a “hold” rating to a “buy” rating and set a $128.73 price target on the stock in a research report on Tuesday, July 26th. Finally, Deutsche Bank AG decreased their price objective on shares of McDonald’s Corp. from $140.00 to $135.00 and set a “buy” rating for the company in a research note on Wednesday, July 27th. Two analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and thirteen have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $126.62.
In related news, Chairman Andrew J. Mckenna sold 70,000 shares of the firm’s stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $118.28, for a total transaction of $8,279,600.00. Following the completion of the transaction, the chairman now directly owns 108,841 shares of the company’s stock, valued at $12,873,713.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.28% of the company’s stock.
McDonald’s Corp. Company Profile
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.
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