Boston Advisors LLC raised its stake in shares of McDonald’s Corp. (NYSE:MCD) by 3.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,510 shares of the fast-food giant’s stock after buying an additional 300 shares during the period. Boston Advisors LLC’s holdings in McDonald’s Corp. were worth $1,024,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Badgley Phelps & Bell Inc. raised its position in shares of McDonald’s Corp. by 49.2% in the first quarter. Badgley Phelps & Bell Inc. now owns 2,940 shares of the fast-food giant’s stock valued at $370,000 after buying an additional 970 shares during the period. American Economic Planning Group Inc. ADV acquired a new position in shares of McDonald’s Corp. during the first quarter valued at about $222,000. Tiemann Investment Advisors LLC raised its position in shares of McDonald’s Corp. by 10.3% in the first quarter. Tiemann Investment Advisors LLC now owns 2,684 shares of the fast-food giant’s stock valued at $337,000 after buying an additional 251 shares during the period. Virginia Retirement System acquired a new position in shares of McDonald’s Corp. during the first quarter valued at about $53,475,000. Finally, Mn Services Vermogensbeheer B.V. acquired a new position in shares of McDonald’s Corp. during the first quarter valued at about $2,538,000. Institutional investors and hedge funds own 69.10% of the company’s stock.
McDonald’s Corp. (NYSE:MCD) traded down 1.14% during mid-day trading on Friday, reaching $114.09. 5,312,532 shares of the company’s stock were exchanged. McDonald’s Corp. has a 1-year low of $102.08 and a 1-year high of $131.96. The firm’s 50-day moving average is $115.36 and its 200 day moving average is $121.39. The stock has a market capitalization of $97.36 billion, a PE ratio of 21.79 and a beta of 0.61.
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, topping analysts’ consensus estimates of $1.39 by $0.06. The firm 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 firm’s revenue was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.26 earnings per share. Analysts forecast that McDonald’s Corp. will post $5.56 earnings per share for the current fiscal year.
The business also recently disclosed 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 of this dividend is Tuesday, November 29th. This represents a $3.76 dividend on an annualized basis and a yield of 3.30%. This is an increase from McDonald’s Corp.’s previous quarterly dividend of $0.89. McDonald’s Corp.’s payout ratio is currently 68.59%.
A number of analysts recently issued reports on the company. RBC Capital Markets reiterated a “buy” rating and issued a $140.00 price target on shares of McDonald’s Corp. in a report on Friday, July 22nd. Jefferies Group set a $115.00 price target on McDonald’s Corp. and gave the company a “neutral” rating in a report on Tuesday, July 26th. Nomura set a $129.00 price target on McDonald’s Corp. and gave the company a “neutral” rating in a report on Wednesday, July 20th. Wells Fargo & Co. reiterated a “market perform” rating on shares of McDonald’s Corp. in a report on Wednesday, July 20th. Finally, Zacks Investment Research upgraded McDonald’s Corp. from a “sell” rating to a “hold” rating in a report on Thursday, July 21st. Two research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and fourteen have given a buy rating to the stock. McDonald’s Corp. has a consensus rating of “Hold” and an average price target of $126.01.
In related news, Chairman Andrew J. Mckenna sold 70,000 shares of the business’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 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 can be accessed through this link. 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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