Landsberg Bennett & Dubbaneh LLC Raises Holdings in Mcdonald’s Corp (NYSE:MCD)

Landsberg Bennett & Dubbaneh LLC lifted its holdings in shares of Mcdonald’s Corp (NYSE:MCD) by 0.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,838 shares of the fast-food giant’s stock after purchasing an additional 74 shares during the period. Landsberg Bennett & Dubbaneh LLC’s holdings in Mcdonald’s were worth $3,589,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Mechanics Bank Trust Department grew its stake in Mcdonald’s by 2.4% in the first quarter. Mechanics Bank Trust Department now owns 47,724 shares of the fast-food giant’s stock worth $9,062,000 after purchasing an additional 1,125 shares during the period. Steinberg Global Asset Management grew its stake in Mcdonald’s by 15.9% in the first quarter. Steinberg Global Asset Management now owns 2,909 shares of the fast-food giant’s stock worth $552,000 after purchasing an additional 399 shares during the period. Domani Wealth LLC grew its stake in Mcdonald’s by 39.2% in the first quarter. Domani Wealth LLC now owns 2,001 shares of the fast-food giant’s stock worth $380,000 after purchasing an additional 564 shares during the period. Field & Main Bank purchased a new stake in Mcdonald’s in the first quarter worth $1,117,000. Finally, Insight Wealth Strategies LLC grew its stake in Mcdonald’s by 4.2% in the first quarter. Insight Wealth Strategies LLC now owns 7,731 shares of the fast-food giant’s stock worth $1,468,000 after purchasing an additional 312 shares during the period. 67.60% of the stock is owned by institutional investors and hedge funds.

MCD stock traded down $3.07 during trading on Friday, reaching $208.69. The stock had a trading volume of 415,373 shares, compared to its average volume of 3,313,624. Mcdonald’s Corp has a 52 week low of $161.82 and a 52 week high of $221.93. The stock’s 50 day moving average is $213.77 and its two-hundred day moving average is $205.88. The firm has a market cap of $160.33 billion, a PE ratio of 26.46, a PEG ratio of 3.14 and a beta of 0.49.

Mcdonald’s (NYSE:MCD) last posted its earnings results on Friday, July 26th. The fast-food giant reported $2.05 earnings per share for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.01). Mcdonald’s had a net margin of 28.32% and a negative return on equity of 92.02%. The firm had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $5.34 billion. During the same period in the prior year, the company posted $1.99 EPS. The firm’s revenue was down .2% compared to the same quarter last year. Research analysts predict that Mcdonald’s Corp will post 8.01 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a $1.25 dividend. This is a boost from Mcdonald’s’s previous quarterly dividend of $1.16. The ex-dividend date is Friday, November 29th. This represents a $5.00 dividend on an annualized basis and a yield of 2.40%. Mcdonald’s’s dividend payout ratio is presently 58.73%.

Several brokerages recently weighed in on MCD. Cowen upped their price target on Mcdonald’s from $225.00 to $235.00 and gave the stock an “outperform” rating in a research note on Thursday, July 18th. UBS Group boosted their target price on Mcdonald’s from $203.00 to $218.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. KeyCorp boosted their target price on Mcdonald’s from $215.00 to $235.00 and gave the stock an “overweight” rating in a report on Monday, July 29th. Jefferies Financial Group boosted their target price on Mcdonald’s from $225.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, June 28th. Finally, MKM Partners began coverage on Mcdonald’s in a report on Tuesday, August 13th. They issued a “buy” rating and a $250.00 target price on the stock. Nine research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $221.90.

In other Mcdonald’s news, VP Catherine A. Hoovel sold 457 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $218.15, for a total value of $99,694.55. Following the completion of the sale, the vice president now owns 1,348 shares in the company, valued at $294,066.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Silvia Lagnado sold 26,649 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $212.58, for a total value of $5,665,044.42. Following the completion of the sale, the executive vice president now owns 40,129 shares of the company’s stock, valued at approximately $8,530,622.82. The disclosure for this sale can be found here. Corporate insiders own 0.25% of the company’s stock.

Mcdonald’s Company Profile

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

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