L & S Advisors Inc decreased its holdings in shares of Mcdonald’s Corp (NYSE:MCD) by 1.0% in the second quarter, Holdings Channel.com reports. The institutional investor owned 38,605 shares of the fast-food giant’s stock after selling 405 shares during the quarter. Mcdonald’s comprises about 1.1% of L & S Advisors Inc’s holdings, making the stock its 16th biggest position. L & S Advisors Inc’s holdings in Mcdonald’s were worth $8,017,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. lifted its position in shares of Mcdonald’s by 1.1% during the second quarter. BlackRock Inc. now owns 50,805,829 shares of the fast-food giant’s stock worth $10,550,339,000 after purchasing an additional 545,903 shares in the last quarter. FMR LLC boosted its holdings in shares of Mcdonald’s by 0.3% in the first quarter. FMR LLC now owns 21,416,684 shares of the fast-food giant’s stock valued at $4,067,029,000 after acquiring an additional 59,931 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Mcdonald’s by 7.8% in the fourth 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 acquiring an additional 683,872 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of Mcdonald’s by 1.9% in the second 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 acquiring an additional 104,026 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Mcdonald’s by 0.4% in the second quarter. Charles Schwab Investment Management Inc. now owns 3,351,810 shares of the fast-food giant’s stock valued at $696,037,000 after acquiring an additional 13,712 shares during the period. 67.70% of the stock is owned by institutional investors and hedge funds.
In related news, VP Catherine A. Hoovel sold 457 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $218.15, for a total transaction of $99,694.55. Following the completion of the sale, the vice president now directly owns 1,348 shares in the company, valued at $294,066.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Silvia Lagnado sold 26,649 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $212.58, for a total transaction of $5,665,044.42. Following the sale, the executive vice president now owns 40,129 shares of the company’s stock, valued at $8,530,622.82. The disclosure for this sale can be found here. Corporate insiders own 0.25% of the company’s stock.
MCD has been the subject of several research analyst reports. Sanford C. Bernstein reissued a “buy” rating on shares of Mcdonald’s in a report on Friday, July 26th. Piper Jaffray Companies increased their price objective on Mcdonald’s from $209.00 to $226.00 and gave the company an “overweight” rating in a report on Monday, July 15th. Credit Suisse Group increased their price objective on Mcdonald’s from $230.00 to $236.00 and gave the company an “outperform” rating in a report on Tuesday, July 30th. They noted that the move was a valuation call. Bank of America increased their price target on Mcdonald’s from $215.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, June 7th. Finally, Mizuho increased their price target on Mcdonald’s from $215.00 to $230.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Eight investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $220.55.
Mcdonald’s stock opened at $212.05 on Friday. Mcdonald’s Corp has a one year low of $156.56 and a one year high of $221.93. The business has a fifty day moving average of $216.70 and a two-hundred day moving average of $201.97. The company has a market cap of $159.24 billion, a P/E ratio of 26.84, a price-to-earnings-growth ratio of 3.11 and a beta of 0.49.
Mcdonald’s (NYSE:MCD) last released 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). Mcdonald’s had a net margin of 28.32% and a negative return on equity of 92.02%. The business had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.34 billion. During the same period last year, the business posted $1.99 EPS. Mcdonald’s’s revenue was down .2% compared to the same quarter last year. On average, equities analysts anticipate that Mcdonald’s Corp will post 8.01 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be issued a dividend of $1.16 per share. The ex-dividend date is Friday, August 30th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.19%. Mcdonald’s’s dividend payout ratio is currently 58.73%.
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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