Mcdonald’s Corp (MCD) Shares Bought by Tiaa Fsb

Tiaa Fsb increased its stake in shares of Mcdonald’s Corp (NYSE:MCD) by 3.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 45,765 shares of the fast-food giant’s stock after acquiring an additional 1,522 shares during the period. Tiaa Fsb’s holdings in Mcdonald’s were worth $7,656,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Old Mutual Global Investors UK Ltd. raised its holdings in shares of Mcdonald’s by 48.5% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 67,687 shares of the fast-food giant’s stock valued at $10,584,000 after purchasing an additional 22,112 shares during the last quarter. BB&T Securities LLC raised its holdings in shares of Mcdonald’s by 15.3% in the first quarter. BB&T Securities LLC now owns 184,228 shares of the fast-food giant’s stock valued at $28,809,000 after purchasing an additional 24,502 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in shares of Mcdonald’s by 14.0% in the first quarter. Nomura Asset Management Co. Ltd. now owns 166,423 shares of the fast-food giant’s stock valued at $26,025,000 after purchasing an additional 20,476 shares during the last quarter. Profund Advisors LLC raised its holdings in shares of Mcdonald’s by 10.1% in the first quarter. Profund Advisors LLC now owns 40,942 shares of the fast-food giant’s stock valued at $6,403,000 after purchasing an additional 3,744 shares during the last quarter. Finally, ProShare Advisors LLC raised its holdings in shares of Mcdonald’s by 4.4% in the first quarter. ProShare Advisors LLC now owns 760,099 shares of the fast-food giant’s stock valued at $118,864,000 after purchasing an additional 31,875 shares during the last quarter. 66.92% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have recently commented on MCD shares. Wells Fargo & Co reiterated a “buy” rating and issued a $185.00 target price on shares of Mcdonald’s in a report on Monday, September 24th. Jefferies Financial Group reiterated a “buy” rating and issued a $190.00 target price on shares of Mcdonald’s in a report on Tuesday, August 28th. Royal Bank of Canada set a $175.00 target price on shares of Mcdonald’s and gave the company a “buy” rating in a report on Friday, September 14th. Goldman Sachs Group increased their target price on shares of Mcdonald’s from $179.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, September 11th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and issued a $175.00 target price on shares of Mcdonald’s in a report on Monday, September 17th. Seven research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. Mcdonald’s presently has a consensus rating of “Buy” and an average target price of $183.29.

NYSE MCD opened at $166.81 on Friday. Mcdonald’s Corp has a 52-week low of $146.84 and a 52-week high of $178.70. The company has a debt-to-equity ratio of -5.24, a current ratio of 1.47 and a quick ratio of 1.45. The stock has a market cap of $129.38 billion, a P/E ratio of 23.00, a P/E/G ratio of 2.48 and a beta of 0.66.

Mcdonald’s (NYSE:MCD) last posted its quarterly earnings data on Thursday, July 26th. The fast-food giant reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.92 by $0.07. Mcdonald’s had a net margin of 25.26% and a negative return on equity of 133.89%. The business had revenue of $5.35 billion during the quarter, compared to the consensus estimate of $5.32 billion. During the same quarter last year, the company posted $1.73 earnings per share. The firm’s quarterly revenue was down 11.5% compared to the same quarter last year. On average, equities research analysts anticipate that Mcdonald’s Corp will post 7.64 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Monday, December 3rd will be issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend is Friday, November 30th. This is an increase from Mcdonald’s’s previous quarterly dividend of $1.01. Mcdonald’s’s dividend payout ratio (DPR) is 60.66%.

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, 2017, the company operated 37,241 restaurants, including 34,108 franchised restaurants comprising 21,366 franchised to conventional franchisees, 6,945 licensed to developmental licensees, and 5,797 licensed to foreign affiliates; and 3,133 company-operated restaurants.

Featured Story: Beta

Want to see what other hedge funds are holding MCD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mcdonald’s Corp (NYSE:MCD).

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

Receive News & Ratings for Mcdonald's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mcdonald's and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply