Mcdonald’s Corp (NYSE:MCD) Shares Sold by First Business Financial Services Inc.

First Business Financial Services Inc. lessened its holdings in Mcdonald’s Corp (NYSE:MCD) by 19.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,461 shares of the fast-food giant’s stock after selling 596 shares during the quarter. First Business Financial Services Inc.’s holdings in Mcdonald’s were worth $528,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Salomon & Ludwin LLC raised its stake in shares of Mcdonald’s by 3.7% in the 2nd quarter. Salomon & Ludwin LLC now owns 1,280 shares of the fast-food giant’s stock valued at $266,000 after buying an additional 46 shares in the last quarter. First Command Financial Services Inc. raised its position in Mcdonald’s by 2.7% in the 2nd quarter. First Command Financial Services Inc. now owns 1,857 shares of the fast-food giant’s stock valued at $386,000 after buying an additional 48 shares during the last quarter. Graves Light Private Wealth Management Inc. boosted its stake in Mcdonald’s by 1.5% in the 2nd quarter. Graves Light Private Wealth Management Inc. now owns 3,428 shares of the fast-food giant’s stock worth $712,000 after purchasing an additional 49 shares during the period. Larson Financial Group LLC raised its holdings in shares of Mcdonald’s by 10.1% during the 3rd quarter. Larson Financial Group LLC now owns 535 shares of the fast-food giant’s stock valued at $115,000 after buying an additional 49 shares in the last quarter. Finally, Gilman Hill Asset Management LLC increased its stake in Mcdonald’s by 2.2% in the 2nd quarter. Gilman Hill Asset Management LLC now owns 2,344 shares of the fast-food giant’s stock worth $487,000 after purchasing an additional 50 shares during the period. Institutional investors and hedge funds own 67.91% of the company’s stock.

A number of equities analysts have recently weighed in on MCD shares. UBS Group dropped their price objective 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. KeyCorp cut their price objective on Mcdonald’s from $235.00 to $225.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. cut their target price on Mcdonald’s from $230.00 to $215.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. Mizuho boosted their target price on Mcdonald’s from $215.00 to $230.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Finally, Stifel Nicolaus boosted their target price on Mcdonald’s from $200.00 to $210.00 and gave the company a “hold” rating in a research report on Monday, July 29th. Eight analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. Mcdonald’s presently has an average rating of “Buy” and an average target price of $222.96.

Shares of Mcdonald’s stock traded up $0.53 during trading hours on Friday, reaching $193.61. 3,457,071 shares of the company were exchanged, compared to its average volume of 3,371,192. Mcdonald’s Corp has a 1 year low of $169.04 and a 1 year high of $221.93. The stock’s fifty day moving average is $204.71 and its 200 day moving average is $207.29. The firm has a market cap of $144.73 billion, a PE ratio of 24.51, a PEG ratio of 3.04 and a beta of 0.48.

Mcdonald’s (NYSE:MCD) last posted its quarterly earnings data on Tuesday, October 22nd. The fast-food giant reported $2.11 earnings per share for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.10). Mcdonald’s had a negative return on equity of 85.71% and a net margin of 28.09%. The company had revenue of $5.43 billion for the quarter, compared to analysts’ expectations of $5.47 billion. During the same period in the prior year, the company posted $2.10 EPS. The firm’s revenue was up 1.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Mcdonald’s Corp will post 7.87 earnings per share for the current year.

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

In other Mcdonald’s news, Director John J. Mulligan bought 1,300 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were purchased at an average price of $193.46 per share, with a total value of $251,498.00. Following the completion of the acquisition, the director now directly owns 2,900 shares of the company’s stock, valued at approximately $561,034. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 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 approximately $294,066.20. The disclosure for this sale can be found here. Corporate insiders own 0.25% of the company’s stock.

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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