Mcdonald’s Corp (NYSE:MCD) Shares Sold by Hartford Investment Management Co.

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Hartford Investment Management Co. lessened its holdings in shares of Mcdonald’s Corp (NYSE:MCD) by 0.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 101,342 shares of the fast-food giant’s stock after selling 291 shares during the quarter. Hartford Investment Management Co.’s holdings in Mcdonald’s were worth $21,045,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Royal Bank of Scotland Group PLC purchased a new position in shares of Mcdonald’s during the 2nd quarter worth $1,906,000. Squar Milner Financial Services LLC raised its holdings in shares of Mcdonald’s by 368.1% during the 2nd quarter. Squar Milner Financial Services LLC now owns 1,348 shares of the fast-food giant’s stock worth $280,000 after acquiring an additional 1,060 shares during the period. RNC Capital Management LLC raised its holdings in shares of Mcdonald’s by 10.9% during the 2nd quarter. RNC Capital Management LLC now owns 4,846 shares of the fast-food giant’s stock worth $1,006,000 after acquiring an additional 476 shares during the period. Brookstone Capital Management raised its holdings in shares of Mcdonald’s by 2.3% during the 2nd quarter. Brookstone Capital Management now owns 6,825 shares of the fast-food giant’s stock worth $1,417,000 after acquiring an additional 156 shares during the period. Finally, Claro Advisors LLC raised its holdings in shares of Mcdonald’s by 3.7% during the 2nd quarter. Claro Advisors LLC now owns 8,469 shares of the fast-food giant’s stock worth $1,759,000 after acquiring an additional 300 shares during the period. 68.03% of the stock is currently owned by institutional investors.

Shares of MCD opened at $214.20 on Monday. The stock has a market cap of $163.77 billion, a price-to-earnings ratio of 27.11, a P/E/G ratio of 3.07 and a beta of 0.49. Mcdonald’s Corp has a 12-month low of $154.29 and a 12-month high of $218.96. The firm has a 50-day moving average of $210.28.

Mcdonald’s (NYSE:MCD) last issued its quarterly earnings data on Friday, July 26th. The fast-food giant reported $2.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.06 by ($0.01). The company had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.34 billion. Mcdonald’s had a net margin of 28.32% and a negative return on equity of 92.99%. The firm’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter last year, the firm posted $1.99 earnings per share. As a group, equities analysts predict that Mcdonald’s Corp will post 8 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be paid a dividend of $1.16 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $4.64 dividend on an annualized basis and a yield of 2.17%. Mcdonald’s’s dividend payout ratio (DPR) is presently 58.73%.

Several research analysts have recently commented on the company. Cleveland Research reiterated a “hold” rating on shares of Mcdonald’s in a report on Friday, July 12th. Evercore ISI assumed coverage on Mcdonald’s in a report on Tuesday, June 11th. They set an “outperform” rating and a $225.00 price target on the stock. Sanford C. Bernstein reiterated a “buy” rating on shares of Mcdonald’s in a report on Friday, July 26th. Bank of America lifted their price target on Mcdonald’s from $215.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, June 7th. Finally, Wells Fargo & Co lifted their price target on Mcdonald’s from $235.00 to $237.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Eight investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. Mcdonald’s has an average rating of “Buy” and a consensus price target of $219.23.

In other Mcdonald’s news, insider Ian Frederick Borden sold 4,149 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $199.22, for a total transaction of $826,563.78. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.25% of the stock is owned by corporate insiders.

Mcdonald’s Profile

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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