NewFocus Financial Group LLC decreased its position in shares of McDonald’s Corp. (NYSE:MCD) by 1.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,462 shares of the fast-food giant’s stock after selling 293 shares during the period. McDonald’s Corp. accounts for about 1.8% of NewFocus Financial Group LLC’s investment portfolio, making the stock its 24th largest position. NewFocus Financial Group LLC’s holdings in McDonald’s Corp. were worth $2,462,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Glassman Wealth Services raised its stake in shares of McDonald’s Corp. by 27.4% in the second quarter. Glassman Wealth Services now owns 930 shares of the fast-food giant’s stock worth $112,000 after buying an additional 200 shares during the last quarter. Invictus RG raised its position in McDonald’s Corp. by 364.1% in the first quarter. Invictus RG now owns 919 shares of the fast-food giant’s stock valued at $115,000 after buying an additional 721 shares during the last quarter. RPg Family Wealth Advisory LLC raised its position in McDonald’s Corp. by 572.4% in the first quarter. RPg Family Wealth Advisory LLC now owns 975 shares of the fast-food giant’s stock valued at $123,000 after buying an additional 830 shares during the last quarter. MU Investments Co. Ltd. bought a new position in McDonald’s Corp. during the second quarter valued at about $163,000. Finally, Cypress Capital Management LLC WY bought a new position in McDonald’s Corp. during the second quarter valued at about $178,000. 69.10% of the stock is owned by institutional investors.
McDonald’s Corp. (NYSE:MCD) traded up 0.15% on Tuesday, hitting $114.81. The company’s stock had a trading volume of 792,580 shares. The firm has a 50 day moving average of $115.93 and a 200 day moving average of $121.97. McDonald’s Corp. has a 12 month low of $100.34 and a 12 month high of $131.96. The firm has a market cap of $97.97 billion, a price-to-earnings ratio of 21.92 and a beta of 0.61.
McDonald’s Corp. (NYSE:MCD) last posted its quarterly earnings data 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. McDonald’s Corp. had a net margin of 18.73% and a return on equity of 97.56%. The company earned $6.27 billion during the quarter, compared to analyst estimates of $6.28 billion. During the same quarter last year, the firm posted $1.26 EPS. The business’s revenue for the quarter was down 3.6% on a year-over-year basis. Equities research analysts forecast that McDonald’s Corp. will post $5.56 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be given a dividend of $0.94 per share. This is a positive change from McDonald’s Corp.’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $3.76 annualized dividend and a dividend yield of 3.28%. McDonald’s Corp.’s dividend payout ratio (DPR) is 68.59%.
Several equities analysts have recently issued reports on the company. SunTrust Banks Inc. set a $138.00 target price on McDonald’s Corp. and gave the stock a “buy” rating in a research report on Wednesday, July 27th. Vetr cut McDonald’s Corp. from a “buy” rating to a “hold” rating and set a $128.73 price objective on the stock. in a report on Thursday, July 14th. Nomura reiterated a “hold” rating on shares of McDonald’s Corp. in a report on Tuesday, July 12th. Longbow Research reiterated a “hold” rating on shares of McDonald’s Corp. in a report on Wednesday, June 8th. Finally, Jefferies Group reiterated a “hold” rating on shares of McDonald’s Corp. in a report on Wednesday, July 27th. Two equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and fourteen have given a buy rating to the company. McDonald’s Corp. has a consensus rating of “Hold” and a consensus price target of $125.85.
In other news, Chairman Andrew J. Mckenna sold 70,000 shares of the firm’s stock in a transaction dated 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 owns 108,841 shares in the company, valued at approximately $12,873,713.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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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