McDonald’s Corporation (MCD) Shares Bought by Cadence Bank NA

Cadence Bank NA grew its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 2.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,717 shares of the fast-food giant’s stock after acquiring an additional 309 shares during the quarter. Cadence Bank NA’s holdings in McDonald’s Corporation were worth $1,795,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Orrstown Financial Services Inc. boosted its position in shares of McDonald’s Corporation by 17.2% during the 2nd quarter. Orrstown Financial Services Inc. now owns 709 shares of the fast-food giant’s stock valued at $108,000 after acquiring an additional 104 shares during the last quarter. Proficio Capital Partners LLC boosted its position in shares of McDonald’s Corporation by 87.8% during the 1st quarter. Proficio Capital Partners LLC now owns 740 shares of the fast-food giant’s stock valued at $111,000 after acquiring an additional 346 shares during the last quarter. Vigilant Capital Management LLC boosted its position in shares of McDonald’s Corporation by 9.4% during the 1st quarter. Vigilant Capital Management LLC now owns 977 shares of the fast-food giant’s stock valued at $127,000 after acquiring an additional 84 shares during the last quarter. Signature Estate & Investment Advisors LLC bought a new stake in shares of McDonald’s Corporation during the 1st quarter valued at about $146,000. Finally, Acrospire Investment Management LLC bought a new stake in shares of McDonald’s Corporation during the 2nd quarter valued at about $153,000. Hedge funds and other institutional investors own 67.92% of the company’s stock.

A number of analysts have recently issued reports on MCD shares. Bank of America Corporation lifted their price target on McDonald’s Corporation from $165.00 to $175.00 and gave the company a “buy” rating in a research report on Tuesday, June 13th. Jefferies Group LLC reiterated a “hold” rating and set a $140.00 price target on shares of McDonald’s Corporation in a research report on Friday, June 16th. Vetr downgraded McDonald’s Corporation from a “hold” rating to a “sell” rating and set a $146.85 price target for the company. in a research report on Monday, June 19th. Cowen and Company upgraded McDonald’s Corporation from a “market perform” rating to an “outperform” rating in a research report on Tuesday, June 20th. Finally, Royal Bank Of Canada set a $170.00 price target on McDonald’s Corporation and gave the company a “buy” rating in a research report on Thursday, June 22nd. Ten investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $166.41.

In other McDonald’s Corporation news, EVP David Ogden Fairhurst sold 4,782 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $157.05, for a total transaction of $751,013.10. Following the sale, the executive vice president now directly owns 6,954 shares in the company, valued at $1,092,125.70. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 10,793 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $154.44, for a total value of $1,666,870.92. Following the sale, the insider now owns 7,318 shares in the company, valued at $1,130,191.92. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 69,938 shares of company stock worth $11,033,009. Company insiders own 0.24% of the company’s stock.

McDonald’s Corporation (NYSE MCD) opened at 160.58 on Wednesday. The stock has a market capitalization of $130.07 billion, a PE ratio of 26.29 and a beta of 0.69. McDonald’s Corporation has a 52 week low of $110.33 and a 52 week high of $161.72. The firm has a 50-day moving average price of $158.27 and a 200-day moving average price of $150.26.

McDonald’s Corporation (NYSE:MCD) last issued its quarterly earnings data on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.08. McDonald’s Corporation had a negative return on equity of 264.89% and a net margin of 21.00%. The business had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.96 billion. During the same period in the prior year, the business posted $1.45 earnings per share. The company’s quarterly revenue was down 3.4% compared to the same quarter last year. Equities research analysts predict that McDonald’s Corporation will post $6.56 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $1.01 per share. The ex-dividend date is Thursday, November 30th. This is an increase from McDonald’s Corporation’s previous quarterly dividend of $0.94. This represents a $4.04 dividend on an annualized basis and a yield of 2.52%. McDonald’s Corporation’s dividend payout ratio is 61.54%.

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About McDonald’s Corporation

McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.

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

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