McDonald’s Corporation (MCD) Position Reduced by Alpha Omega Wealth Management LLC

Alpha Omega Wealth Management LLC cut its stake in shares of McDonald’s Corporation (NYSE:MCD) by 6.5% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,782 shares of the fast-food giant’s stock after selling 1,647 shares during the period. McDonald’s Corporation comprises approximately 1.9% of Alpha Omega Wealth Management LLC’s holdings, making the stock its 10th largest position. Alpha Omega Wealth Management LLC’s holdings in McDonald’s Corporation were worth $3,642,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Jennison Associates LLC grew its position in McDonald’s Corporation by 681.3% during the second quarter. Jennison Associates LLC now owns 6,109,830 shares of the fast-food giant’s stock valued at $935,782,000 after purchasing an additional 5,327,778 shares in the last quarter. Legal & General Group Plc grew its position in McDonald’s Corporation by 3.5% during the second quarter. Legal & General Group Plc now owns 4,388,893 shares of the fast-food giant’s stock valued at $672,205,000 after purchasing an additional 147,589 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in McDonald’s Corporation by 3.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 4,009,947 shares of the fast-food giant’s stock valued at $614,164,000 after purchasing an additional 127,840 shares in the last quarter. Swiss National Bank grew its position in McDonald’s Corporation by 18.0% during the first quarter. Swiss National Bank now owns 3,653,548 shares of the fast-food giant’s stock valued at $473,536,000 after purchasing an additional 558,300 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its position in McDonald’s Corporation by 1.8% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,636,762 shares of the fast-food giant’s stock valued at $403,846,000 after purchasing an additional 46,144 shares in the last quarter. 69.01% of the stock is currently owned by hedge funds and other institutional investors.

Shares of McDonald’s Corporation (MCD) opened at $165.59 on Monday. The company has a quick ratio of 1.27, a current ratio of 1.28 and a debt-to-equity ratio of -8.17. McDonald’s Corporation has a fifty-two week low of $114.17 and a fifty-two week high of $170.92. The firm has a market cap of $132,005.97, a PE ratio of 25.87, a PEG ratio of 2.71 and a beta of 0.67.

McDonald’s Corporation (NYSE:MCD) last posted its earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.75 by $0.01. McDonald’s Corporation had a net margin of 24.19% and a negative return on equity of 216.45%. The business had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.75 billion. During the same quarter in the prior year, the firm earned $1.62 EPS. The firm’s quarterly revenue was down 10.4% compared to the same quarter last year. research analysts expect that McDonald’s Corporation will post 6.52 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a $1.01 dividend. This is a positive change from McDonald’s Corporation’s previous quarterly dividend of $0.94. The ex-dividend date is Thursday, November 30th. This represents a $4.04 annualized dividend and a dividend yield of 2.44%. McDonald’s Corporation’s dividend payout ratio is presently 54.26%.

In other news, VP James R. Sappington sold 8,046 shares of the company’s stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $165.00, for a total value of $1,327,590.00. Following the sale, the vice president now owns 15,739 shares of the company’s stock, valued at approximately $2,596,935. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.24% of the stock is currently owned by corporate insiders.

Several research firms have commented on MCD. Canaccord Genuity reissued a “hold” rating and issued a $170.00 target price on shares of McDonald’s Corporation in a research report on Friday, October 6th. Nomura set a $180.00 target price on shares of McDonald’s Corporation and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Jefferies Group LLC reissued a “hold” rating and issued a $140.00 target price on shares of McDonald’s Corporation in a research report on Wednesday, July 19th. Deutsche Bank AG reissued a “buy” rating and issued a $180.00 target price (up from $175.00) on shares of McDonald’s Corporation in a research report on Wednesday, July 26th. Finally, Raymond James Financial, Inc. reissued a “market perform” rating on shares of McDonald’s Corporation in a research report on Monday, July 24th. Eleven investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. McDonald’s Corporation currently has an average rating of “Buy” and an average price target of $169.96.

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McDonald’s Corporation Profile

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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