Mirador Capital Partners LP acquired a new position in Mcdonald’s Corp (NYSE:MCD) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,038 shares of the fast-food giant’s stock, valued at approximately $216,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. FMR LLC boosted its holdings in Mcdonald’s by 0.3% in the 1st quarter. FMR LLC now owns 21,416,684 shares of the fast-food giant’s stock valued at $4,067,029,000 after purchasing an additional 59,931 shares during the period. Geode Capital Management LLC boosted its holdings in Mcdonald’s by 7.8% in the 4th quarter. Geode Capital Management LLC now owns 9,441,973 shares of the fast-food giant’s stock valued at $1,673,764,000 after purchasing an additional 683,872 shares during the period. Norges Bank bought a new position in Mcdonald’s in the 4th quarter valued at $1,326,793,000. Janus Henderson Group PLC boosted its holdings in Mcdonald’s by 1.9% in the 2nd quarter. Janus Henderson Group PLC now owns 5,549,855 shares of the fast-food giant’s stock valued at $1,152,473,000 after purchasing an additional 104,026 shares during the period. Finally, Legal & General Group Plc boosted its holdings in Mcdonald’s by 6.4% in the 4th quarter. Legal & General Group Plc now owns 4,006,305 shares of the fast-food giant’s stock valued at $711,332,000 after purchasing an additional 242,661 shares during the period. 68.25% of the stock is owned by institutional investors.
MCD has been the subject of several analyst reports. Wells Fargo & Co raised their price target on shares of Mcdonald’s from $235.00 to $237.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Sanford C. Bernstein reissued a “buy” rating on shares of Mcdonald’s in a report on Friday, July 26th. Goldman Sachs Group initiated coverage on shares of Mcdonald’s in a report on Monday, July 29th. They issued a “buy” rating and a $250.00 price target for the company. Jefferies Financial Group raised their price target on shares of Mcdonald’s from $225.00 to $230.00 and gave the company a “buy” rating in a report on Friday, June 28th. Finally, Morgan Stanley raised their price target on shares of Mcdonald’s from $210.00 to $220.00 and gave the company an “overweight” rating in a report on Thursday, July 18th. Eight investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. Mcdonald’s currently has a consensus rating of “Buy” and an average price target of $220.55.
NYSE:MCD traded down $4.83 during trading hours on Friday, reaching $214.66. The company’s stock had a trading volume of 2,868,462 shares, compared to its average volume of 3,210,207. The firm has a market capitalization of $166.69 billion, a price-to-earnings ratio of 27.17, a PEG ratio of 3.26 and a beta of 0.49. The firm has a 50-day simple moving average of $215.17 and a 200-day simple moving average of $198.22. Mcdonald’s Corp has a 1 year low of $156.56 and a 1 year high of $221.93.
Mcdonald’s (NYSE:MCD) last issued its earnings results on Friday, July 26th. The fast-food giant reported $2.05 EPS for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.01). The business had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.34 billion. Mcdonald’s had a negative return on equity of 92.02% and a net margin of 28.32%. Mcdonald’s’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.99 EPS. Research analysts expect that Mcdonald’s Corp will post 8.01 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be given a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date is Friday, August 30th. Mcdonald’s’s payout ratio is presently 58.73%.
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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