Hancock Holding Co. raised its stake in shares of McDonald’s Corp. (NYSE:MCD) by 364.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 110,786 shares of the fast-food giant’s stock after buying an additional 86,949 shares during the period. Hancock Holding Co.’s holdings in McDonald’s Corp. were worth $13,332,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of MCD. Woodley Farra Manion Portfolio Management Inc. raised its stake in McDonald’s Corp. by 7.0% in the first quarter. Woodley Farra Manion Portfolio Management Inc. now owns 3,065 shares of the fast-food giant’s stock valued at $385,000 after buying an additional 200 shares during the last quarter. First Financial Corp IN raised its stake in McDonald’s Corp. by 0.8% in the first quarter. First Financial Corp IN now owns 14,761 shares of the fast-food giant’s stock valued at $1,855,000 after buying an additional 115 shares during the last quarter. Private Trust Co. NA raised its stake in McDonald’s Corp. by 1.5% in the first quarter. Private Trust Co. NA now owns 21,171 shares of the fast-food giant’s stock valued at $2,660,000 after buying an additional 322 shares during the last quarter. V Wealth Management LLC acquired a new stake in McDonald’s Corp. during the first quarter valued at about $419,000. Finally, QUANTRES ASSET MANAGEMENT Ltd acquired a new stake in McDonald’s Corp. during the first quarter valued at about $302,000. Institutional investors and hedge funds own 69.10% of the company’s stock.
Shares of McDonald’s Corp. (NYSE:MCD) traded up 0.61% during trading on Wednesday, hitting $114.19. 934,848 shares of the company’s stock were exchanged. The company has a 50-day moving average of $115.78 and a 200-day moving average of $121.89. The company has a market cap of $97.45 billion, a P/E ratio of 21.80 and a beta of 0.61. McDonald’s Corp. has a 12-month low of $100.34 and a 12-month high of $131.96.
McDonald’s Corp. (NYSE:MCD) last released its quarterly earnings data on Tuesday, July 26th. The fast-food giant reported $1.45 EPS for the quarter, beating the consensus estimate of $1.39 by $0.06. The business had revenue of $6.27 billion for the quarter, compared to the consensus estimate of $6.28 billion. McDonald’s Corp. had a net margin of 18.73% and a return on equity of 97.56%. The business’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.26 EPS. On average, equities analysts expect that McDonald’s Corp. will post $5.56 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be issued a dividend of $0.94 per share. The ex-dividend date is Tuesday, November 29th. This is an increase from McDonald’s Corp.’s previous quarterly dividend of $0.89. This represents a $3.76 dividend on an annualized basis and a yield of 3.31%. McDonald’s Corp.’s dividend payout ratio is 68.59%.
MCD has been the subject of several analyst reports. Credit Agricole SA restated a “sell” rating and set a $128.00 price target on shares of McDonald’s Corp. in a research report on Wednesday, June 8th. Longbow Research reaffirmed a “hold” rating on shares of McDonald’s Corp. in a research note on Wednesday, June 8th. Nomura downgraded shares of McDonald’s Corp. from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $142.00 to $129.00 in a research note on Wednesday, June 22nd. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of McDonald’s Corp. in a research note on Wednesday, June 22nd. Finally, Credit Suisse Group AG lowered their price objective on shares of McDonald’s Corp. from $135.00 to $130.00 and set an “outperform” rating for the company in a research note on Monday, June 27th. Two analysts have rated the stock with a sell rating, nineteen have given a hold rating and thirteen have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $125.85.
In related news, Chairman Andrew J. Mckenna sold 70,000 shares of the 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 sale, the chairman now directly owns 108,841 shares of the company’s stock, valued at $12,873,713.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.28% of the company’s stock.
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.
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