Willingdon Wealth Management Boosts Stake in McDonald’s Corporation (MCD)

Willingdon Wealth Management raised its stake in shares of McDonald’s Corporation (NYSE:MCD) by 3.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 7,852 shares of the fast-food giant’s stock after purchasing an additional 293 shares during the quarter. Willingdon Wealth Management’s holdings in McDonald’s Corporation were worth $1,203,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Orrstown Financial Services Inc. increased its stake in McDonald’s Corporation by 17.2% in the second quarter. Orrstown Financial Services Inc. now owns 709 shares of the fast-food giant’s stock valued at $108,000 after acquiring an additional 104 shares during the period. Proficio Capital Partners LLC increased its stake in McDonald’s Corporation by 87.8% in the first quarter. Proficio Capital Partners LLC now owns 740 shares of the fast-food giant’s stock valued at $111,000 after acquiring an additional 346 shares during the period. Acrospire Investment Management LLC bought a new stake in McDonald’s Corporation in the second quarter valued at about $153,000. Signature Estate & Investment Advisors LLC bought a new stake in McDonald’s Corporation in the first quarter valued at about $146,000. Finally, Aveo Capital Partners LLC bought a new stake in McDonald’s Corporation in the second quarter valued at about $202,000. Institutional investors own 69.01% of the company’s stock.

Shares of McDonald’s Corporation (NYSE MCD) opened at $168.11 on Wednesday. The company has a quick ratio of 1.27, a current ratio of 1.28 and a debt-to-equity ratio of -8.17. The firm has a market cap of $133,424.95, a price-to-earnings ratio of 26.15, a price-to-earnings-growth ratio of 2.74 and a beta of 0.67. McDonald’s Corporation has a twelve month low of $117.02 and a twelve month high of $170.92.

McDonald’s Corporation (NYSE:MCD) last posted its earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.75 by $0.01. The company had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.75 billion. McDonald’s Corporation had a net margin of 24.19% and a negative return on equity of 216.45%. The business’s revenue for the quarter was down 10.4% compared to the same quarter last year. During the same period last year, the business posted $1.62 earnings per share. sell-side analysts anticipate that McDonald’s Corporation will post 6.52 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a dividend of $1.01 per share. This is an increase from McDonald’s Corporation’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $4.04 annualized dividend and a dividend yield of 2.40%. McDonald’s Corporation’s dividend payout ratio is currently 54.26%.

In other news, VP James R. Sappington sold 8,046 shares of the stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $165.00, for a total transaction of $1,327,590.00. Following the completion of the sale, the vice president now owns 15,739 shares of the company’s stock, valued at $2,596,935. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.24% of the stock is owned by corporate insiders.

A number of analysts recently weighed in on MCD shares. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $167.00 target price (up previously from $153.00) on shares of McDonald’s Corporation in a research note on Friday, July 21st. Instinet reissued a “buy” rating and issued a $172.00 target price (up previously from $161.00) on shares of McDonald’s Corporation in a research note on Friday, July 21st. J P Morgan Chase & Co set a $170.00 target price on shares of McDonald’s Corporation and gave the company a “buy” rating in a research note on Thursday, July 20th. BidaskClub cut shares of McDonald’s Corporation from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Finally, Argus reissued a “buy” rating and issued a $175.00 target price (up previously from $158.00) on shares of McDonald’s Corporation in a research note on Saturday, July 22nd. Eleven analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $169.96.

ILLEGAL ACTIVITY NOTICE: This story was originally published by Stock Observer and is the sole property of of Stock Observer. If you are reading this story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright & trademark law. The legal version of this story can be viewed at https://www.thestockobserver.com/2017/11/15/willingdon-wealth-management-boosts-stake-in-mcdonalds-corporation-mcd.html.

McDonald’s Corporation Company Profile

McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.

Want to see what other hedge funds are holding MCD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for McDonald’s Corporation (NYSE:MCD).

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

Receive News & Ratings for McDonald's Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDonald's Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply