LSV Asset Management Lowers Holdings in Mcdonald’s Corp (NYSE:MCD)

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LSV Asset Management decreased its stake in Mcdonald’s Corp (NYSE:MCD) by 4.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,402 shares of the fast-food giant’s stock after selling 600 shares during the quarter. LSV Asset Management’s holdings in Mcdonald’s were worth $2,990,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Glassman Wealth Services boosted its position in Mcdonald’s by 45.7% during the second quarter. Glassman Wealth Services now owns 1,992 shares of the fast-food giant’s stock worth $414,000 after purchasing an additional 625 shares in the last quarter. Opus Capital Group LLC boosted its position in Mcdonald’s by 17.6% during the second quarter. Opus Capital Group LLC now owns 6,550 shares of the fast-food giant’s stock worth $1,360,000 after purchasing an additional 978 shares in the last quarter. Carillon Tower Advisers Inc. boosted its position in Mcdonald’s by 4.7% during the second quarter. Carillon Tower Advisers Inc. now owns 131,456 shares of the fast-food giant’s stock worth $27,298,000 after purchasing an additional 5,895 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its position in Mcdonald’s by 126.3% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 235,500 shares of the fast-food giant’s stock worth $48,904,000 after purchasing an additional 131,455 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in Mcdonald’s by 106.4% during the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 309,412 shares of the fast-food giant’s stock worth $64,252,000 after purchasing an additional 159,498 shares in the last quarter. Hedge funds and other institutional investors own 67.63% of the company’s stock.

In related news, VP Catherine A. Hoovel sold 457 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $218.15, for a total value of $99,694.55. Following the completion of the sale, the vice president now owns 1,348 shares of the company’s stock, valued at $294,066.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Silvia Lagnado sold 26,649 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $212.58, for a total value of $5,665,044.42. Following the completion of the sale, the executive vice president now directly 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. 0.25% of the stock is currently owned by company insiders.

Shares of Mcdonald’s stock traded up $0.13 during mid-day trading on Wednesday, reaching $217.26. 31,562 shares of the stock traded hands, compared to its average volume of 2,675,327. The business has a 50-day moving average of $216.21 and a 200 day moving average of $200.51. Mcdonald’s Corp has a fifty-two week low of $156.56 and a fifty-two week high of $221.93. The stock has a market capitalization of $164.85 billion, a PE ratio of 27.53, a PEG ratio of 3.23 and a beta of 0.49.

Mcdonald’s (NYSE:MCD) last posted its quarterly earnings results on Friday, July 26th. The fast-food giant reported $2.05 EPS for the quarter, missing the consensus estimate of $2.06 by ($0.01). Mcdonald’s had a net margin of 28.32% and a negative return on equity of 92.02%. The company had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.34 billion. During the same period in the prior year, the business posted $1.99 EPS. Mcdonald’s’s revenue for the quarter was down .2% compared to the same quarter last year. As a group, analysts forecast that Mcdonald’s Corp will post 8.01 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be issued a $1.16 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $4.64 annualized dividend and a dividend yield of 2.14%. Mcdonald’s’s dividend payout ratio is presently 58.73%.

A number of equities analysts have issued reports on the company. Morgan Stanley increased their price target on Mcdonald’s from $210.00 to $220.00 and gave the stock an “overweight” rating in a research report on Thursday, July 18th. Telsey Advisory Group reiterated an “outperform” rating and set a $230.00 price target (up previously from $210.00) on shares of Mcdonald’s in a research report on Monday, July 15th. Evercore ISI assumed coverage on Mcdonald’s in a research report on Tuesday, June 11th. They set an “outperform” rating and a $225.00 price target on the stock. BMO Capital Markets increased their price target on Mcdonald’s to $230.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Finally, Credit Suisse Group increased their price target on Mcdonald’s from $230.00 to $236.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 30th. They noted that the move was a valuation call. Eight equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. Mcdonald’s has an average rating of “Buy” and a consensus price target of $220.55.

Mcdonald’s Company 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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