DekaBank Deutsche Girozentrale Raises Position in Mcdonald’s Corp (NYSE:MCD)

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DekaBank Deutsche Girozentrale grew its holdings in shares of Mcdonald’s Corp (NYSE:MCD) by 16.4% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 631,332 shares of the fast-food giant’s stock after purchasing an additional 88,949 shares during the quarter. Mcdonald’s comprises approximately 0.7% of DekaBank Deutsche Girozentrale’s portfolio, making the stock its 27th biggest position. DekaBank Deutsche Girozentrale’s holdings in Mcdonald’s were worth $130,762,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of MCD. Hayden Royal LLC raised its stake in Mcdonald’s by 32.6% in the 2nd quarter. Hayden Royal LLC now owns 2,287 shares of the fast-food giant’s stock worth $486,000 after acquiring an additional 562 shares during the last quarter. Close Asset Management Ltd raised its stake in Mcdonald’s by 17.0% in the 2nd quarter. Close Asset Management Ltd now owns 30,513 shares of the fast-food giant’s stock worth $6,334,000 after acquiring an additional 4,435 shares during the last quarter. Diamond Hill Capital Management Inc. raised its stake in Mcdonald’s by 99.1% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 2,310 shares of the fast-food giant’s stock worth $480,000 after acquiring an additional 1,150 shares during the last quarter. Advisory Services Network LLC raised its stake in Mcdonald’s by 3.1% in the 2nd quarter. Advisory Services Network LLC now owns 19,387 shares of the fast-food giant’s stock worth $4,026,000 after acquiring an additional 579 shares during the last quarter. Finally, Coastal Investment Advisors Inc. raised its stake in Mcdonald’s by 7.9% in the 2nd quarter. Coastal Investment Advisors Inc. now owns 9,351 shares of the fast-food giant’s stock worth $1,944,000 after acquiring an additional 682 shares during the last quarter. Hedge funds and other institutional investors own 68.21% of the company’s stock.

In related news, insider Ian Frederick Borden sold 4,149 shares of Mcdonald’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $199.22, for a total value of $826,563.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Silvia Lagnado sold 26,649 shares of Mcdonald’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $212.58, for a total transaction of $5,665,044.42. Following the completion of the sale, the executive vice president now owns 40,129 shares of the company’s stock, valued at approximately $8,530,622.82. The disclosure for this sale can be found here. Company insiders own 0.25% of the company’s stock.

MCD opened at $219.73 on Wednesday. The business has a 50 day simple moving average of $213.10. Mcdonald’s Corp has a 1-year low of $156.56 and a 1-year high of $221.93. The stock has a market cap of $167.95 billion, a price-to-earnings ratio of 27.81, a price-to-earnings-growth ratio of 3.17 and a beta of 0.49.

Mcdonald’s (NYSE:MCD) last released its earnings results on Friday, July 26th. The fast-food giant reported $2.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.06 by ($0.01). Mcdonald’s had a negative return on equity of 92.02% and a net margin of 28.32%. The business had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.34 billion. During the same period last year, the business earned $1.99 earnings per share. The company’s revenue for the quarter was down .2% compared to the same quarter last year. Equities research analysts expect that Mcdonald’s Corp will post 8 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date is Friday, August 30th. Mcdonald’s’s dividend payout ratio (DPR) is 58.73%.

A number of equities analysts recently issued reports on the company. Wells Fargo & Co raised their target price on Mcdonald’s from $235.00 to $237.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Stephens raised their target price on Mcdonald’s from $220.00 to $230.00 and gave the stock an “overweight” rating in a research note on Monday, July 29th. Goldman Sachs Group assumed coverage on Mcdonald’s in a research note on Monday, July 29th. They issued a “buy” rating and a $250.00 target price for the company. SunTrust Banks raised their target price on Mcdonald’s to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Finally, UBS Group raised their target price on Mcdonald’s from $203.00 to $218.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Eight investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $220.23.

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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