Mcdonald’s Corp (NYSE:MCD) Shares Sold by Winch Advisory Services LLC

Winch Advisory Services LLC decreased its stake in shares of Mcdonald’s Corp (NYSE:MCD) by 9.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,533 shares of the fast-food giant’s stock after selling 163 shares during the period. Winch Advisory Services LLC’s holdings in Mcdonald’s were worth $318,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of MCD. Patriot Financial Group Insurance Agency LLC increased its position in shares of Mcdonald’s by 4.6% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 5,411 shares of the fast-food giant’s stock worth $1,134,000 after acquiring an additional 240 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Mcdonald’s by 4.7% in the second quarter. Van ECK Associates Corp now owns 156,708 shares of the fast-food giant’s stock worth $32,542,000 after acquiring an additional 7,090 shares in the last quarter. Pictet North America Advisors SA increased its position in shares of Mcdonald’s by 0.9% in the second quarter. Pictet North America Advisors SA now owns 9,104 shares of the fast-food giant’s stock worth $1,891,000 after acquiring an additional 85 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Mcdonald’s by 5.1% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 767,359 shares of the fast-food giant’s stock worth $158,283,000 after acquiring an additional 37,124 shares in the last quarter. Finally, RB Capital Management LLC increased its position in shares of Mcdonald’s by 60.6% in the second quarter. RB Capital Management LLC now owns 2,529 shares of the fast-food giant’s stock worth $525,000 after acquiring an additional 954 shares in the last quarter. 68.25% of the stock is owned by hedge funds and other institutional investors.

NYSE MCD traded down $4.83 during trading hours on Friday, reaching $214.66. 2,868,462 shares of the company traded hands, compared to its average volume of 3,210,207. Mcdonald’s Corp has a 12 month low of $156.56 and a 12 month high of $221.93. The stock has a market capitalization of $166.69 billion, a PE ratio of 27.17, a PEG ratio of 3.26 and a beta of 0.49. The company has a 50 day moving average of $215.17 and a two-hundred day moving average of $198.22.

Mcdonald’s (NYSE:MCD) last posted its quarterly earnings data on Friday, July 26th. The fast-food giant reported $2.05 EPS for the quarter, missing the Zacks’ consensus estimate 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 company had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.34 billion. During the same quarter last year, the company earned $1.99 earnings per share. The company’s revenue was down .2% compared to the same quarter last year. Analysts forecast that Mcdonald’s Corp will post 8.01 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be paid a dividend of $1.16 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $4.64 dividend on an annualized basis and a yield of 2.16%. Mcdonald’s’s dividend payout ratio (DPR) is 58.73%.

In other Mcdonald’s news, VP Catherine A. Hoovel sold 457 shares of the stock in a transaction on Friday, August 16th. The shares were sold at an average price of $218.15, for a total transaction of $99,694.55. Following the transaction, the vice president now directly owns 1,348 shares in the company, valued at approximately $294,066.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Silvia Lagnado sold 26,649 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $212.58, for a total transaction of $5,665,044.42. Following the transaction, the executive vice president now owns 40,129 shares in the company, 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.

Several equities research analysts have recently issued reports on MCD shares. Telsey Advisory Group reissued an “outperform” rating and issued a $230.00 price objective (up previously from $210.00) on shares of Mcdonald’s in a research report on Monday, July 15th. Piper Jaffray Companies increased their price objective on shares of Mcdonald’s from $209.00 to $226.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. Credit Suisse Group increased their price objective on shares of Mcdonald’s from $230.00 to $236.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 30th. They noted that the move was a valuation call. Longbow Research lowered shares of Mcdonald’s from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $200.00 to $197.00 in a research report on Wednesday, May 1st. They noted that the move was a valuation call. Finally, Bank of America increased their price objective on shares of Mcdonald’s from $215.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, June 7th. Eight research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. Mcdonald’s currently has a consensus rating of “Buy” and an average target price of $220.55.

About Mcdonald’s

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.

Further Reading: Green Investing

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

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