M&R Capital Management Inc. increased its position in shares of McDonald’s Corp. (NYSE:MCD) by 1.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,567 shares of the fast-food giant’s stock after buying an additional 100 shares during the period. M&R Capital Management Inc.’s holdings in McDonald’s Corp. were worth $790,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Invictus RG boosted its position in shares of 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 in the last quarter. Glassman Wealth Services boosted its position 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 valued at $112,000 after buying an additional 200 shares in the last quarter. RPg Family Wealth Advisory LLC boosted its position in shares of 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 in the last quarter. MU Investments Co. Ltd. purchased a new position in shares of McDonald’s Corp. during the second quarter valued at about $163,000. Finally, Cypress Capital Management LLC WY purchased a new position in shares of McDonald’s Corp. during the second quarter valued at about $178,000. 69.10% of the stock is currently owned by institutional investors and hedge funds.
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 Thomson Reuters’ 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 company’s revenue was down 3.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.26 earnings per share.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be issued a dividend of $0.94 per share. The ex-dividend date of this dividend is Tuesday, November 29th. This is an increase from McDonald’s Corp.’s previous quarterly dividend of $0.89. This represents a $3.76 annualized dividend and a yield of 3.28%. McDonald’s Corp.’s dividend payout ratio is 68.59%.
Several brokerages have recently issued reports on MCD. Deutsche Bank AG cut their target price on shares of McDonald’s Corp. from $140.00 to $135.00 and set a “buy” rating on the stock in a report on Wednesday, July 27th. Goldman Sachs Group Inc. set a $112.00 price target on McDonald’s Corp. and gave the stock a “neutral” rating in a research note on Wednesday, July 27th. RBC Capital Markets reaffirmed an “outperform” rating and issued a $140.00 price target on shares of McDonald’s Corp. in a research note on Thursday, July 28th. Robert W. Baird reaffirmed an “outperform” rating on shares of McDonald’s Corp. in a research note on Thursday, September 8th. Finally, Nomura set a $129.00 price target on McDonald’s Corp. and gave the stock a “neutral” rating in a research note on Wednesday, July 20th. Two research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and fourteen have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $126.01.
In other McDonald’s Corp. news, Chairman Andrew J. Mckenna sold 70,000 shares of the company’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 sale, 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 legal filing with the SEC, which is available through the SEC website. Company 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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