Close Asset Management Ltd lifted its holdings in Mcdonald’s Corp (NYSE:MCD) by 1.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 30,855 shares of the fast-food giant’s stock after purchasing an additional 342 shares during the quarter. Mcdonald’s accounts for approximately 0.6% of Close Asset Management Ltd’s holdings, making the stock its 26th largest position. Close Asset Management Ltd’s holdings in Mcdonald’s were worth $6,624,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the company. Corient Capital Partners LLC boosted its stake in Mcdonald’s by 2.6% during the third quarter. Corient Capital Partners LLC now owns 42,770 shares of the fast-food giant’s stock valued at $9,183,000 after buying an additional 1,089 shares in the last quarter. Banco Santander S.A. boosted its stake in Mcdonald’s by 158.1% during the third quarter. Banco Santander S.A. now owns 491,813 shares of the fast-food giant’s stock valued at $105,598,000 after buying an additional 301,288 shares in the last quarter. Great Lakes Advisors LLC boosted its stake in Mcdonald’s by 1.3% during the third quarter. Great Lakes Advisors LLC now owns 46,060 shares of the fast-food giant’s stock valued at $9,890,000 after buying an additional 613 shares in the last quarter. Beck Mack & Oliver LLC boosted its stake in Mcdonald’s by 2.0% during the third quarter. Beck Mack & Oliver LLC now owns 4,071 shares of the fast-food giant’s stock valued at $874,000 after buying an additional 80 shares in the last quarter. Finally, Perennial Advisors LLC boosted its stake in Mcdonald’s by 3.7% during the third quarter. Perennial Advisors LLC now owns 18,090 shares of the fast-food giant’s stock valued at $3,884,000 after buying an additional 646 shares in the last quarter. 68.51% of the stock is owned by institutional investors.
In other news, Director John J. Mulligan purchased 1,300 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was bought at an average cost of $193.46 per share, with a total value of $251,498.00. Following the purchase, the director now directly owns 2,900 shares of the company’s stock, valued at $561,034. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Catherine A. Hoovel sold 457 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $218.15, for a total value of $99,694.55. Following the sale, the vice president now directly owns 1,348 shares of the company’s stock, valued at $294,066.20. The disclosure for this sale can be found here. Over the last three months, insiders purchased 6,380 shares of company stock valued at $1,236,103. Company insiders own 0.25% of the company’s stock.
Mcdonald’s (NYSE:MCD) last announced its quarterly earnings data on Tuesday, October 22nd. The fast-food giant reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.21 by ($0.10). The business had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $5.47 billion. Mcdonald’s had a negative return on equity of 85.71% and a net margin of 28.09%. The firm’s revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.10 earnings per share. As a group, equities analysts forecast that Mcdonald’s Corp will post 7.85 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $1.25 dividend. This is an increase from Mcdonald’s’s previous quarterly dividend of $1.16. This represents a $5.00 annualized dividend and a yield of 2.57%. The ex-dividend date is Friday, November 29th. Mcdonald’s’s dividend payout ratio is currently 58.73%.
Several research analysts recently weighed in on MCD shares. Cowen raised their target price on Mcdonald’s from $225.00 to $235.00 and gave the company an “outperform” rating in a research note on Thursday, July 18th. TheStreet upgraded Mcdonald’s from a “c+” rating to a “b-” rating in a research report on Monday, August 26th. Piper Jaffray Companies lowered Mcdonald’s from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $224.00 to $195.00 in a research report on Monday, November 4th. KeyCorp decreased their price target on Mcdonald’s from $235.00 to $225.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. Finally, SunTrust Banks decreased their price target on Mcdonald’s from $240.00 to $230.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Eight investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. Mcdonald’s has an average rating of “Buy” and an average price target of $222.96.
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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