Taylor Hoffman Wealth Management increased its stake in shares of Mcdonald’s Corp (NYSE:MCD) by 329.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,215 shares of the fast-food giant’s stock after purchasing an additional 4,001 shares during the quarter. Taylor Hoffman Wealth Management’s holdings in Mcdonald’s were worth $1,120,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Ancora Advisors LLC boosted its position in shares of Mcdonald’s by 8.2% during the 2nd quarter. Ancora Advisors LLC now owns 59,915 shares of the fast-food giant’s stock worth $12,442,000 after acquiring an additional 4,559 shares in the last quarter. Lourd Capital LLC boosted its position in shares of Mcdonald’s by 8.2% during the 2nd quarter. Lourd Capital LLC now owns 1,593 shares of the fast-food giant’s stock worth $331,000 after acquiring an additional 121 shares in the last quarter. Ballentine Partners LLC boosted its position in shares of Mcdonald’s by 168.7% during the 2nd quarter. Ballentine Partners LLC now owns 15,024 shares of the fast-food giant’s stock worth $3,120,000 after acquiring an additional 9,433 shares in the last quarter. GFS Advisors LLC acquired a new position in shares of Mcdonald’s during the 2nd quarter worth about $212,000. Finally, Massmutual Trust Co. FSB ADV boosted its position in shares of Mcdonald’s by 1.3% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 70,802 shares of the fast-food giant’s stock worth $14,703,000 after acquiring an additional 892 shares in the last quarter. 67.91% of the stock is owned by hedge funds and other institutional investors.
Several analysts have recently weighed in on MCD shares. Mizuho boosted their target price on Mcdonald’s from $215.00 to $230.00 and gave the company a “buy” rating in a report on Monday, July 29th. Sanford C. Bernstein reissued a “buy” rating on shares of Mcdonald’s in a report on Friday, July 26th. KeyCorp reduced their target price on Mcdonald’s from $235.00 to $225.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Barclays set a $230.00 target price on Mcdonald’s and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Telsey Advisory Group reduced their target price on Mcdonald’s from $230.00 to $220.00 and set an “outperform” rating for the company in a report 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 company. The stock currently has a consensus rating of “Buy” and a consensus price target of $222.96.
MCD traded up $0.53 on Friday, hitting $193.61. 3,457,071 shares of the company traded hands, compared to its average volume of 3,371,192. The company has a 50 day moving average of $204.71 and a 200-day moving average of $207.29. The stock has a market capitalization of $144.73 billion, a PE ratio of 24.51, a PEG ratio of 3.04 and a beta of 0.48. Mcdonald’s Corp has a 12-month low of $169.04 and a 12-month 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 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.21 by ($0.10). The company had revenue of $5.43 billion for the quarter, compared to analysts’ expectations of $5.47 billion. Mcdonald’s had a net margin of 28.09% and a negative return on equity of 85.71%. The firm’s revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the company earned $2.10 earnings per share. Equities analysts expect that Mcdonald’s Corp will post 7.87 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 paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.58%. This is an increase from Mcdonald’s’s previous quarterly dividend of $1.16. The ex-dividend date of this dividend is Friday, November 29th. Mcdonald’s’s dividend payout ratio is 58.73%.
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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