Allworth Financial LP lessened its holdings in Mcdonald’s Corp (NYSE:MCD) by 1.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,439 shares of the fast-food giant’s stock after selling 56 shares during the quarter. Allworth Financial LP’s holdings in Mcdonald’s were worth $953,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Krane Funds Advisors LLC acquired a new stake in shares of Mcdonald’s in the 2nd quarter valued at $25,000. Litman Gregory Asset Management LLC acquired a new stake in shares of Mcdonald’s in the 2nd quarter valued at $27,000. Atlas Capital Advisors LLC boosted its stake in shares of Mcdonald’s by 330.3% in the 2nd quarter. Atlas Capital Advisors LLC now owns 142 shares of the fast-food giant’s stock valued at $29,000 after purchasing an additional 109 shares in the last quarter. Westside Investment Management Inc. acquired a new stake in shares of Mcdonald’s in the 2nd quarter valued at $34,000. Finally, Next Capital Management LLC acquired a new stake in shares of Mcdonald’s in the 2nd quarter valued at $41,000. 67.60% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have recently commented on the stock. MKM Partners assumed coverage on shares of Mcdonald’s in a research note on Tuesday, August 13th. They issued a “buy” rating and a $250.00 target price on the stock. TheStreet upgraded shares of Mcdonald’s from a “c+” rating to a “b-” rating in a research report on Monday, August 26th. Barclays set a $230.00 price target on shares of Mcdonald’s and gave the stock a “buy” rating in a research report on Friday, July 26th. JPMorgan Chase & Co. upped their price target on shares of Mcdonald’s from $195.00 to $215.00 and gave the stock an “overweight” rating in a research report on Friday, June 28th. Finally, Mizuho upped their price target on shares of Mcdonald’s from $215.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Nine equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $221.19.
NYSE:MCD traded up $1.72 on Wednesday, hitting $212.83. 1,757,119 shares of the stock were exchanged, compared to its average volume of 3,107,543. The stock has a market capitalization of $160.77 billion, a price-to-earnings ratio of 26.94, a P/E/G ratio of 3.14 and a beta of 0.49. Mcdonald’s Corp has a 52 week low of $161.82 and a 52 week high of $221.93. The company’s 50-day moving average price is $213.92 and its 200 day moving average price is $205.76.
Mcdonald’s (NYSE:MCD) last announced its quarterly earnings data on Friday, July 26th. The fast-food giant reported $2.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.06 by ($0.01). The firm had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.34 billion. Mcdonald’s had a negative return on equity of 92.02% and a net margin of 28.32%. The business’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.99 earnings per share. Sell-side analysts predict that Mcdonald’s Corp will post 8.01 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a dividend of $1.25 per share. This is a boost from Mcdonald’s’s previous quarterly dividend of $1.16. This represents a $5.00 annualized dividend and a yield of 2.35%. The ex-dividend date is Friday, November 29th. Mcdonald’s’s payout ratio is currently 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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