MAI Capital Management boosted its position in shares of Mcdonald’s Corp (NYSE:MCD) by 6.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,543 shares of the fast-food giant’s stock after buying an additional 740 shares during the period. MAI Capital Management’s holdings in Mcdonald’s were worth $1,931,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MCD. Fundsmith Equity Fund L.P. acquired a new position in Mcdonald’s during the second quarter worth approximately $1,191,239,000. AustralianSuper Pty Ltd acquired a new position in Mcdonald’s during the second quarter worth approximately $179,723,000. Amundi Pioneer Asset Management Inc. increased its position in Mcdonald’s by 103.8% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 2,043,158 shares of the fast-food giant’s stock worth $319,509,000 after buying an additional 1,040,636 shares during the period. FMR LLC increased its holdings in shares of Mcdonald’s by 5.5% in the second quarter. FMR LLC now owns 19,483,955 shares of the fast-food giant’s stock valued at $3,052,941,000 after purchasing an additional 1,014,792 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Mcdonald’s by 30.3% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,808,550 shares of the fast-food giant’s stock valued at $440,072,000 after purchasing an additional 652,752 shares during the period. 66.98% of the stock is currently owned by institutional investors.
Mcdonald’s stock opened at $163.82 on Friday. The company has a current ratio of 1.47, a quick ratio of 1.45 and a debt-to-equity ratio of -5.24. Mcdonald’s Corp has a 1-year low of $146.84 and a 1-year high of $178.70. The company has a market capitalization of $129.78 billion, a P/E ratio of 24.60, a price-to-earnings-growth ratio of 2.49 and a beta of 0.66.
Mcdonald’s (NYSE:MCD) last posted its quarterly earnings results on Thursday, July 26th. The fast-food giant reported $1.99 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.92 by $0.07. Mcdonald’s had a negative return on equity of 133.89% and a net margin of 25.26%. The firm had revenue of $5.35 billion for the quarter, compared to the consensus estimate of $5.32 billion. During the same period in the previous year, the business earned $1.73 earnings per share. The company’s revenue for the quarter was down 11.5% compared to the same quarter last year. On average, equities analysts anticipate that Mcdonald’s Corp will post 7.65 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Monday, December 3rd will be paid a $1.16 dividend. The ex-dividend date is Friday, November 30th. This is an increase from Mcdonald’s’s previous quarterly dividend of $1.01. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.83%. Mcdonald’s’s payout ratio is 60.66%.
A number of research firms have recently issued reports on MCD. ValuEngine raised Mcdonald’s from a “hold” rating to a “buy” rating in a report on Thursday. Wells Fargo & Co reissued a “buy” rating and issued a $185.00 target price on shares of Mcdonald’s in a report on Thursday, June 21st. Telsey Advisory Group dropped their target price on Mcdonald’s from $190.00 to $175.00 and set an “outperform” rating on the stock in a report on Friday, July 27th. Stifel Nicolaus reissued a “neutral” rating and issued a $168.00 target price on shares of Mcdonald’s in a report on Monday, July 16th. Finally, Imperial Capital dropped their target price on Mcdonald’s from $190.00 to $175.00 and set an “outperform” rating on the stock in a report on Friday, July 27th. Seven analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $183.29.
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, 2017, the company operated 37,241 restaurants, including 34,108 franchised restaurants comprising 21,366 franchised to conventional franchisees, 6,945 licensed to developmental licensees, and 5,797 licensed to foreign affiliates; and 3,133 company-operated restaurants.
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