Mcdonald’s Corp (MCD) Holdings Cut by Leavell Investment Management Inc.

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Leavell Investment Management Inc. decreased its holdings in shares of Mcdonald’s Corp (NYSE:MCD) by 1.0% in the 1st quarter, Holdings Channel reports. The fund owned 38,241 shares of the fast-food giant’s stock after selling 395 shares during the quarter. Mcdonald’s makes up about 0.8% of Leavell Investment Management Inc.’s holdings, making the stock its 29th biggest holding. Leavell Investment Management Inc.’s holdings in Mcdonald’s were worth $7,262,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. HC Financial Advisors Inc. lifted its stake in Mcdonald’s by 4.9% in the 3rd quarter. HC Financial Advisors Inc. now owns 10,669 shares of the fast-food giant’s stock valued at $1,785,000 after buying an additional 499 shares in the last quarter. Lodestar Investment Counsel LLC IL increased its holdings in shares of Mcdonald’s by 4.4% during the 4th quarter. Lodestar Investment Counsel LLC IL now owns 7,654 shares of the fast-food giant’s stock worth $1,359,000 after buying an additional 324 shares during the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management increased its holdings in shares of Mcdonald’s by 6.1% during the 4th quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 4,828 shares of the fast-food giant’s stock worth $857,000 after buying an additional 279 shares during the last quarter. Weather Gauge Advisory LLC acquired a new stake in shares of Mcdonald’s during the 4th quarter worth $247,000. Finally, Diversified Trust Co acquired a new stake in shares of Mcdonald’s during the 4th quarter worth $364,000. 67.78% of the stock is owned by institutional investors.

In related news, insider Christopher J. Kempczinski sold 38,729 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $195.21, for a total transaction of $7,560,288.09. Following the sale, the insider now owns 11,658 shares in the company, valued at $2,275,758.18. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Kevin M. Ozan sold 40,930 shares of the stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $195.90, for a total transaction of $8,018,187.00. Following the sale, the chief financial officer now owns 42,647 shares in the company, valued at approximately $8,354,547.30. The disclosure for this sale can be found here. Insiders have sold 104,449 shares of company stock worth $20,458,931 in the last ninety days. Corporate insiders own 0.25% of the company’s stock.

MCD has been the subject of a number of research analyst reports. Royal Bank of Canada restated a “buy” rating and set a $205.00 price objective on shares of Mcdonald’s in a report on Wednesday, January 30th. Stephens upgraded Mcdonald’s from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $180.00 to $200.00 in a report on Tuesday, February 19th. Wells Fargo & Co increased their price target on Mcdonald’s from $203.00 to $218.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Mizuho increased their price target on Mcdonald’s from $204.00 to $215.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Finally, Barclays increased their price target on Mcdonald’s from $208.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Seven research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $202.39.

NYSE:MCD opened at $197.77 on Monday. The stock has a market capitalization of $151.01 billion, a price-to-earnings ratio of 25.03, a PEG ratio of 2.77 and a beta of 0.54. Mcdonald’s Corp has a 1-year low of $153.13 and a 1-year high of $201.15.

Mcdonald’s (NYSE:MCD) last posted its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $1.72 earnings per share for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.01). The firm had revenue of $4.96 billion during the quarter, compared to analysts’ expectations of $4.94 billion. Mcdonald’s had a net margin of 28.20% and a negative return on equity of 95.31%. The business’s quarterly revenue was down 3.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.79 earnings per share. As a group, equities research analysts predict that Mcdonald’s Corp will post 8.04 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be given a dividend of $1.16 per share. The ex-dividend date is Friday, May 31st. This represents a $4.64 annualized dividend and a dividend yield of 2.35%. Mcdonald’s’s payout ratio is 58.73%.

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About Mcdonald’s

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products, soft drinks, coffee, and other beverages, as well as breakfast menu. As of December 31, 2018, the company operated 37,855 restaurants, including 35,085 franchised restaurants comprising 21,685 franchised to conventional franchisees, 7,225 licensed to developmental licensees, and 6,175 licensed to foreign affiliates; and 2,770 company-operated restaurants.

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Institutional Ownership by Quarter for Mcdonald`s (NYSE:MCD)

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