Successful Portfolios LLC Purchases 352 Shares of Mcdonald’s Corp (NYSE:MCD)

Successful Portfolios LLC lifted its position in Mcdonald’s Corp (NYSE:MCD) by 6.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 5,752 shares of the fast-food giant’s stock after purchasing an additional 352 shares during the period. Mcdonald’s comprises approximately 1.2% of Successful Portfolios LLC’s portfolio, making the stock its 19th biggest holding. Successful Portfolios LLC’s holdings in Mcdonald’s were worth $1,235,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of MCD. Nuveen Asset Management LLC grew its holdings in shares of Mcdonald’s by 2,674.7% in the second quarter. Nuveen Asset Management LLC now owns 5,707,504 shares of the fast-food giant’s stock worth $1,185,221,000 after purchasing an additional 5,501,809 shares during the last quarter. Thoroughbred Financial Services LLC grew its holdings in shares of Mcdonald’s by 21,724.4% in the second quarter. Thoroughbred Financial Services LLC now owns 3,151,660 shares of the fast-food giant’s stock worth $315,166,000 after purchasing an additional 3,137,219 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Mcdonald’s by 11.0% in the second quarter. Price T Rowe Associates Inc. MD now owns 16,562,216 shares of the fast-food giant’s stock worth $3,439,309,000 after purchasing an additional 1,640,747 shares during the last quarter. Marshall Wace LLP grew its holdings in shares of Mcdonald’s by 1,010.2% in the first quarter. Marshall Wace LLP now owns 1,451,960 shares of the fast-food giant’s stock worth $275,727,000 after purchasing an additional 1,321,172 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Mcdonald’s by 1.3% in the second quarter. Vanguard Group Inc. now owns 66,926,245 shares of the fast-food giant’s stock worth $13,897,903,000 after purchasing an additional 857,084 shares during the last quarter. Hedge funds and other institutional investors own 67.60% of the company’s stock.

Mcdonald’s stock traded down $2.74 on Friday, hitting $209.02. 3,940,674 shares of the stock traded hands, compared to its average volume of 3,313,624. The firm has a market cap of $160.33 billion, a P/E ratio of 26.46, a price-to-earnings-growth ratio of 3.14 and a beta of 0.49. The business’s fifty day simple moving average is $213.77 and its 200 day simple moving average is $205.88. Mcdonald’s Corp has a 1 year low of $161.82 and a 1 year high of $221.93.

Mcdonald’s (NYSE:MCD) last announced its quarterly earnings data on Friday, July 26th. The fast-food giant reported $2.05 EPS for the quarter, missing the consensus estimate of $2.06 by ($0.01). The firm had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.34 billion. Mcdonald’s had a net margin of 28.32% and a negative return on equity of 92.02%. The business’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.99 EPS. On average, equities analysts forecast 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 given a dividend of $1.25 per share. The ex-dividend date is Friday, November 29th. This represents a $5.00 annualized dividend and a yield of 2.39%. This is a positive change from Mcdonald’s’s previous quarterly dividend of $1.16. Mcdonald’s’s dividend payout ratio (DPR) is currently 58.73%.

Several research analysts have recently issued reports on MCD shares. Stifel Nicolaus raised their target price on shares of Mcdonald’s from $200.00 to $210.00 and gave the stock a “hold” rating in a report on Monday, July 29th. KeyCorp raised their price target on Mcdonald’s from $215.00 to $235.00 and gave the stock an “overweight” rating in a research note on Monday, July 29th. Cowen raised 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. Robert W. Baird raised their price target on Mcdonald’s from $225.00 to $230.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Finally, Sanford C. Bernstein reaffirmed a “buy” rating on shares of Mcdonald’s in a research note on Friday, July 26th. Nine research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. The company presently 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 firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $218.15, for a total transaction of $99,694.55. Following the completion of the transaction, the vice president now owns 1,348 shares of the company’s stock, valued at $294,066.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Silvia Lagnado sold 26,649 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $212.58, for a total value of $5,665,044.42. Following the transaction, the executive vice president now directly 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. Company 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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