British Airways Pensions Investment Management Ltd maintained its position in shares of McDonald’s Corp. (NYSE:MCD) during the second quarter, Holdings Channel reports. The firm owned 399,929 shares of the fast-food giant’s stock at the end of the second quarter. McDonald’s Corp. accounts for 1.5% of British Airways Pensions Investment Management Ltd’s investment portfolio, making the stock its 17th largest position. British Airways Pensions Investment Management Ltd’s holdings in McDonald’s Corp. were worth $48,318,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Smith Asset Management Group LP raised its stake in McDonald’s Corp. by 7.3% in the second quarter. Smith Asset Management Group LP now owns 417,720 shares of the fast-food giant’s stock worth $50,268,000 after buying an additional 28,577 shares during the period. Grimes & Company Inc. raised its stake in McDonald’s Corp. by 5.1% in the second quarter. Grimes & Company Inc. now owns 11,414 shares of the fast-food giant’s stock worth $1,374,000 after buying an additional 551 shares during the period. Atalanta Sosnoff Capital LLC raised its stake in McDonald’s Corp. by 10.4% in the second quarter. Atalanta Sosnoff Capital LLC now owns 226,298 shares of the fast-food giant’s stock worth $27,232,000 after buying an additional 21,381 shares during the period. Rehmann Capital Advisory Group raised its stake in McDonald’s Corp. by 0.3% in the second quarter. Rehmann Capital Advisory Group now owns 9,886 shares of the fast-food giant’s stock worth $1,190,000 after buying an additional 30 shares during the period. Finally, Albion Financial Group UT acquired a new stake in McDonald’s Corp. during the second quarter worth about $250,000. 69.10% of the stock is currently owned by institutional investors and hedge funds.
McDonald’s Corp. (NYSE:MCD) traded down 1.14% during mid-day trading on Friday, reaching $114.09. The company had a trading volume of 5,312,532 shares. McDonald’s Corp. has a one year low of $102.08 and a one year high of $131.96. The stock has a 50 day moving average price of $115.36 and a 200 day moving average price of $121.39. The company has a market capitalization of $97.36 billion, a P/E ratio of 21.79 and a beta of 0.61.
McDonald’s Corp. (NYSE:MCD) last issued its quarterly earnings results on Tuesday, July 26th. The fast-food giant reported $1.45 earnings per share for the quarter, topping 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 the consensus estimate of $6.28 billion. During the same period last year, the business posted $1.26 EPS. The business’s revenue was down 3.6% compared to the same quarter last year. On average, equities analysts expect that McDonald’s Corp. will post $5.56 earnings per share for the current fiscal year.
The firm also recently declared 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. 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 3.30%. The ex-dividend date is Tuesday, November 29th. McDonald’s Corp.’s dividend payout ratio (DPR) is presently 68.59%.
A number of analysts have issued reports on the company. Telsey Advisory Group initiated coverage on McDonald’s Corp. in a report on Monday. They issued an “outperform” rating and a $130.00 target price on the stock. Zacks Investment Research downgraded McDonald’s Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, October 4th. Vetr downgraded McDonald’s Corp. from a “buy” rating to a “hold” rating and set a $114.15 price objective for the company. in a research report on Monday, October 3rd. Credit Suisse Group AG reiterated an “outperform” rating and issued a $132.00 price objective on shares of McDonald’s Corp. in a research report on Friday, September 16th. Finally, Citigroup Inc. reduced their price objective on McDonald’s Corp. from $130.00 to $122.00 and set a “neutral” rating for the company in a research report on Tuesday, September 13th. Two investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and fourteen have issued a buy rating to the company. McDonald’s Corp. currently has a consensus rating of “Hold” and a consensus target price of $126.01.
In other McDonald’s Corp. news, Chairman Andrew J. Mckenna sold 70,000 shares of the stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $118.28, for a total transaction of $8,279,600.00. Following the completion of the sale, the chairman now directly owns 108,841 shares in the company, valued at approximately $12,873,713.48. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company 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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