Resources Management Corp CT ADV bought a new position in Mcdonald’s Corp (NYSE:MCD) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 77,273 shares of the fast-food giant’s stock, valued at approximately $16,591,000. Mcdonald’s makes up about 3.1% of Resources Management Corp CT ADV’s holdings, making the stock its 4th biggest position.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Man Group plc raised its holdings in Mcdonald’s by 3.6% during the 3rd quarter. Man Group plc now owns 187,770 shares of the fast-food giant’s stock valued at $40,315,000 after buying an additional 6,525 shares during the last quarter. Prestige Wealth Management Group LLC grew its holdings in Mcdonald’s by 9.7% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 1,938 shares of the fast-food giant’s stock worth $416,000 after acquiring an additional 172 shares during the last quarter. Signet Financial Management LLC increased its position in shares of Mcdonald’s by 9.6% in the third quarter. Signet Financial Management LLC now owns 1,410 shares of the fast-food giant’s stock valued at $272,000 after acquiring an additional 123 shares during the period. Voloridge Investment Management LLC purchased a new position in shares of Mcdonald’s in the third quarter valued at about $43,054,000. Finally, IHT Wealth Management LLC increased its position in shares of Mcdonald’s by 22.4% in the third quarter. IHT Wealth Management LLC now owns 14,917 shares of the fast-food giant’s stock valued at $3,147,000 after acquiring an additional 2,731 shares during the period. 67.21% of the stock is owned by institutional investors and hedge funds.
In related news, Director John W. Rogers, Jr. acquired 1,000 shares of Mcdonald’s stock in a transaction that occurred on Thursday, November 14th. The stock was bought at an average price of $194.12 per share, with a total value of $194,120.00. Following the transaction, the director now directly owns 88,500 shares in the company, valued at $17,179,620. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Christopher J. Kempczinski acquired 2,580 shares of Mcdonald’s stock in a transaction that occurred on Wednesday, November 6th. The shares were bought at an average cost of $193.81 per share, with a total value of $500,029.80. Following the transaction, the chief executive officer now owns 2,580 shares in the company, valued at $500,029.80. The disclosure for this purchase can be found here. Insiders bought a total of 7,380 shares of company stock worth $1,430,223 over the last ninety days. Insiders own 0.25% of the company’s stock.
Several analysts recently issued reports on MCD shares. ValuEngine cut Mcdonald’s from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. SunTrust Banks lowered their price target on Mcdonald’s from $240.00 to $230.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. KeyCorp dropped their price objective on Mcdonald’s from $235.00 to $225.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Deutsche Bank assumed coverage on Mcdonald’s in a research report on Tuesday, November 26th. They issued a “hold” rating and a $193.00 price objective on the stock. Finally, UBS Group cut their price objective on Mcdonald’s from $218.00 to $212.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Eight equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. Mcdonald’s currently has a consensus rating of “Buy” and an average target price of $222.11.
Shares of NYSE MCD traded up $1.19 during mid-day trading on Wednesday, hitting $194.31. 2,209,715 shares of the stock traded hands, compared to its average volume of 3,361,330. The company has a market cap of $146.46 billion, a price-to-earnings ratio of 24.60, a PEG ratio of 3.09 and a beta of 0.46. The stock has a fifty day moving average price of $196.44 and a 200-day moving average price of $206.88. Mcdonald’s Corp has a 52 week low of $169.04 and a 52 week high of $221.93.
Mcdonald’s (NYSE:MCD) last posted its quarterly earnings data on Tuesday, October 22nd. The fast-food giant reported $2.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.10). The firm had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.47 billion. Mcdonald’s had a negative return on equity of 85.71% and a net margin of 28.09%. Mcdonald’s’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter last year, the company posted $2.10 EPS. Analysts forecast that Mcdonald’s Corp will post 7.84 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date of this dividend is Friday, November 29th. This is a boost from Mcdonald’s’s previous quarterly dividend of $1.16. Mcdonald’s’s payout ratio is 63.29%.
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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