Sicart Associates LLC Has $2.35 Million Stock Position in Mcdonald’s Corp (NYSE:MCD)

Sicart Associates LLC grew its stake in shares of Mcdonald’s Corp (NYSE:MCD) by 5.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,964 shares of the fast-food giant’s stock after purchasing an additional 612 shares during the quarter. Sicart Associates LLC’s holdings in Mcdonald’s were worth $2,354,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of MCD. Krane Funds Advisors LLC bought a new position in shares of Mcdonald’s during the 2nd quarter worth approximately $25,000. Litman Gregory Asset Management LLC bought a new position in shares of Mcdonald’s during the 2nd quarter worth approximately $27,000. Atlas Capital Advisors LLC boosted its stake in shares of Mcdonald’s by 330.3% during the 2nd quarter. Atlas Capital Advisors LLC now owns 142 shares of the fast-food giant’s stock worth $29,000 after acquiring an additional 109 shares during the period. Garrett Wealth Advisory Group LLC bought a new position in shares of Mcdonald’s during the 3rd quarter worth approximately $30,000. Finally, Westside Investment Management Inc. bought a new position in shares of Mcdonald’s during the 2nd quarter worth approximately $34,000. 67.65% of the stock is currently owned by hedge funds and other institutional investors.

NYSE MCD traded up $1.14 during midday trading on Monday, hitting $209.64. The company had a trading volume of 52,385 shares, compared to its average volume of 3,237,356. The company has a market capitalization of $157.09 billion, a PE ratio of 26.59, a P/E/G ratio of 3.07 and a beta of 0.49. The firm has a 50-day moving average price of $212.48 and a 200-day moving average price of $206.72. Mcdonald’s Corp has a twelve month low of $166.19 and a twelve month high of $221.93.

Mcdonald’s (NYSE:MCD) last posted its quarterly 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 negative return on equity of 92.02% and a net margin of 28.32%. The business had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.34 billion. During the same period last year, the firm posted $1.99 EPS. Mcdonald’s’s quarterly revenue was down .2% on a year-over-year basis. As a group, equities analysts predict that Mcdonald’s Corp will post 7.99 EPS for the current fiscal year.

The firm also recently declared 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. The ex-dividend date is Friday, November 29th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.39%. This is a boost from Mcdonald’s’s previous quarterly dividend of $1.16. Mcdonald’s’s payout ratio is 58.73%.

In other news, VP Catherine A. Hoovel sold 457 shares of the business’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 approximately $294,066.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Silvia Lagnado sold 26,649 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was 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. 0.25% of the stock is currently owned by insiders.

Several brokerages have recently commented on MCD. JPMorgan Chase & Co. lifted their target price on Mcdonald’s from $195.00 to $215.00 and gave the stock an “overweight” rating in a research note on Friday, June 28th. Mizuho lifted their target price on Mcdonald’s from $215.00 to $230.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Jefferies Financial Group lifted their target price on Mcdonald’s from $225.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, June 28th. Robert W. Baird lifted their target price 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, KeyCorp lifted their target price on Mcdonald’s from $215.00 to $235.00 and gave the stock an “overweight” rating in a research note on Monday, July 29th. Nine equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $223.17.

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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