Taylor Hoffman Wealth Management Raises Holdings in Mcdonald’s Corp (NYSE:MCD)

Taylor Hoffman Wealth Management increased its position in Mcdonald’s Corp (NYSE:MCD) by 329.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 5,215 shares of the fast-food giant’s stock after buying an additional 4,001 shares during the period. Taylor Hoffman Wealth Management’s holdings in Mcdonald’s were worth $1,120,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Nuveen Asset Management LLC raised its position in 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 valued at $1,185,221,000 after purchasing an additional 5,501,809 shares during the period. Thoroughbred Financial Services LLC grew its stake in shares of Mcdonald’s by 21,724.4% during the second quarter. Thoroughbred Financial Services LLC now owns 3,151,660 shares of the fast-food giant’s stock valued at $315,166,000 after acquiring an additional 3,137,219 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Mcdonald’s by 11.0% during the second quarter. Price T Rowe Associates Inc. MD now owns 16,562,216 shares of the fast-food giant’s stock valued at $3,439,309,000 after acquiring an additional 1,640,747 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Mcdonald’s by 1.3% during the second quarter. Vanguard Group Inc. now owns 66,926,245 shares of the fast-food giant’s stock valued at $13,897,903,000 after acquiring an additional 857,084 shares in the last quarter. Finally, WCM Investment Management LLC acquired a new stake in shares of Mcdonald’s during the third quarter valued at about $164,557,000. 67.91% of the stock is currently owned by institutional investors and hedge funds.

NYSE:MCD traded up $0.53 during mid-day trading on Friday, reaching $193.61. The stock had a trading volume of 3,457,071 shares, compared to its average volume of 3,371,192. The company has a market capitalization of $144.73 billion, a price-to-earnings ratio of 24.51, a price-to-earnings-growth ratio of 3.04 and a beta of 0.48. Mcdonald’s Corp has a 1-year low of $169.04 and a 1-year high of $221.93. The stock’s 50 day simple moving average is $204.71 and its two-hundred day simple moving average is $207.29.

Mcdonald’s (NYSE:MCD) last posted its quarterly earnings results on Tuesday, October 22nd. The fast-food giant reported $2.11 EPS for the quarter, missing the Zacks’ consensus estimate of $2.21 by ($0.10). The firm had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.47 billion. Mcdonald’s had a negative return on equity of 85.71% and a net margin of 28.09%. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter last year, the business posted $2.10 earnings per share. As a group, analysts predict that Mcdonald’s Corp will post 7.87 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a $1.25 dividend. This is an increase from Mcdonald’s’s previous quarterly dividend of $1.16. This represents a $5.00 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date of this dividend is Friday, November 29th. Mcdonald’s’s payout ratio is presently 58.73%.

In other Mcdonald’s news, VP Catherine A. Hoovel sold 457 shares of Mcdonald’s stock in a transaction that occurred on 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 transaction, the vice president now directly owns 1,348 shares in the company, valued at $294,066.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John J. Mulligan bought 1,300 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was bought at an average price of $193.46 per share, with a total value of $251,498.00. Following the completion of the purchase, the director now owns 2,900 shares of the company’s stock, valued at $561,034. The disclosure for this purchase can be found here. Insiders own 0.25% of the company’s stock.

Several analysts have recently weighed in on the company. UBS Group lowered their target price on Mcdonald’s from $218.00 to $212.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Credit Suisse Group lowered their target price on Mcdonald’s from $236.00 to $230.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. MKM Partners lowered their target price on Mcdonald’s from $240.00 to $225.00 and set a “buy” rating for the company in a research note on Monday, November 4th. SunTrust Banks lowered their target price on Mcdonald’s from $240.00 to $230.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Finally, Morgan Stanley lowered their target price on Mcdonald’s from $220.00 to $214.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. Eight equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. Mcdonald’s has a consensus rating of “Buy” and a consensus price target of $222.96.

Mcdonald’s 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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