Emerald Investment Partners LLC Has $704,000 Stock Position in Mcdonald’s Corp (NYSE:MCD)

Emerald Investment Partners LLC decreased its holdings in shares of Mcdonald’s Corp (NYSE:MCD) by 17.5% during the 1st quarter, HoldingsChannel.com reports. The firm owned 4,255 shares of the fast-food giant’s stock after selling 900 shares during the period. Emerald Investment Partners LLC’s holdings in Mcdonald’s were worth $704,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in MCD. Circle Wealth Management LLC boosted its holdings in shares of Mcdonald’s by 9.4% during the 4th quarter. Circle Wealth Management LLC now owns 3,903 shares of the fast-food giant’s stock worth $771,000 after buying an additional 336 shares during the period. First Republic Investment Management Inc. boosted its holdings in shares of Mcdonald’s by 27.7% during the 4th quarter. First Republic Investment Management Inc. now owns 299,713 shares of the fast-food giant’s stock worth $59,226,000 after buying an additional 64,956 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in Mcdonald’s by 8.5% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 138,138 shares of the fast-food giant’s stock valued at $27,297,000 after purchasing an additional 10,793 shares during the period. American International Group Inc. boosted its holdings in Mcdonald’s by 23.4% in the 4th quarter. American International Group Inc. now owns 317,703 shares of the fast-food giant’s stock valued at $62,781,000 after purchasing an additional 60,179 shares during the period. Finally, Alerus Financial NA boosted its holdings in Mcdonald’s by 16.2% in the 4th quarter. Alerus Financial NA now owns 23,452 shares of the fast-food giant’s stock valued at $4,634,000 after purchasing an additional 3,270 shares during the period. Institutional investors own 67.21% of the company’s stock.

MCD traded up $0.99 during midday trading on Monday, hitting $187.31. The company had a trading volume of 53,976 shares, compared to its average volume of 3,827,140. The company has a market capitalization of $138.54 billion, a PE ratio of 24.53, a P/E/G ratio of 4.62 and a beta of 0.66. Mcdonald’s Corp has a twelve month low of $124.23 and a twelve month high of $221.93. The firm’s 50-day simple moving average is $182.11 and its 200-day simple moving average is $192.15.

Mcdonald’s (NYSE:MCD) last posted its quarterly earnings data on Thursday, April 30th. The fast-food giant reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.12). The company had revenue of $4.71 billion during the quarter, compared to analyst estimates of $4.66 billion. Mcdonald’s had a net margin of 27.86% and a negative return on equity of 70.25%. The company’s revenue was down 6.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.78 EPS. On average, research analysts anticipate that Mcdonald’s Corp will post 5.5 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.67%. The ex-dividend date of this dividend is Friday, May 29th. Mcdonald’s’s dividend payout ratio is 63.78%.

A number of analysts have weighed in on the stock. Goldman Sachs Group reissued a “buy” rating and issued a $195.00 price target on shares of Mcdonald’s in a report on Friday, May 1st. Cowen increased their price target on shares of Mcdonald’s from $180.00 to $190.00 and gave the company an “outperform” rating in a report on Thursday, April 9th. BMO Capital Markets reissued a “buy” rating on shares of Mcdonald’s in a report on Wednesday, April 8th. Longbow Research raised their price objective on shares of Mcdonald’s from $197.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Finally, Stifel Nicolaus reduced their price objective on shares of Mcdonald’s from $180.00 to $175.00 and set a “hold” rating for the company in a report on Friday, May 1st. Eight research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. Mcdonald’s currently has a consensus rating of “Buy” and a consensus target price of $208.21.

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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