McDonald’s Corporation $MCD Stock Sold by Courier Capital LLC

Courier Capital LLC lessened its stake in shares of McDonald’s Corporation (NYSE:MCD – Free Report) by 58.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,176 shares of the fast-food giant’s stock after selling 5,979 shares during the quarter. Courier Capital LLC’s holdings in McDonald’s were worth $964,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. State Street Corp raised its stake in shares of McDonald’s by 1.8% in the 2nd quarter. State Street Corp now owns 36,080,505 shares of the fast-food giant’s stock valued at $9,752,921,000 after acquiring an additional 646,675 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in McDonald’s during the second quarter worth approximately $1,359,276,000. Arrowstreet Capital Limited Partnership boosted its position in McDonald’s by 17.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,637,785 shares of the fast-food giant’s stock worth $1,130,587,000 after purchasing an additional 533,448 shares during the period. Diamant Asset Management Inc. grew its holdings in McDonald’s by 30,979.0% during the first quarter. Diamant Asset Management Inc. now owns 2,596,340 shares of the fast-food giant’s stock valued at $806,917,000 after purchasing an additional 2,587,986 shares during the last quarter. Finally, J. Stern & Co. LLP grew its holdings in McDonald’s by 9,867.5% during the fourth quarter. J. Stern & Co. LLP now owns 2,541,008 shares of the fast-food giant’s stock valued at $776,608,000 after purchasing an additional 2,515,515 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

McDonald’s Trading Up 0.1%

MCD stock traded up $0.29 during trading on Tuesday, reaching $235.94. 4,540,226 shares of the stock were exchanged, compared to its average volume of 4,235,564. McDonald’s Corporation has a twelve month low of $229.20 and a twelve month high of $341.75. The company has a market capitalization of $166.96 billion, a P/E ratio of 19.17, a price-to-earnings-growth ratio of 2.64 and a beta of 0.44. The stock has a 50 day simple moving average of $254.06 and a 200-day simple moving average of $273.24.

McDonald’s (NYSE:MCD – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The fast-food giant reported $3.38 earnings per share for the quarter, topping analysts’ consensus estimates of $3.32 by $0.06. The firm had revenue of $7.10 billion for the quarter, compared to the consensus estimate of $7.13 billion. McDonald’s had a net margin of 31.72% and a negative return on equity of 572.06%. The business’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.19 earnings per share. Equities analysts predict that McDonald’s Corporation will post 12.85 EPS for the current year.

McDonald’s Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be issued a dividend of $1.93 per share. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $7.72 dividend on an annualized basis and a yield of 3.3%. This is a positive change from McDonald’s’s previous quarterly dividend of $1.86. McDonald’s’s payout ratio is 60.44%.

Analyst Ratings Changes

A number of equities analysts have recently commented on MCD shares. JPMorgan Chase & Co. dropped their price target on shares of McDonald’s from $280.00 to $260.00 and set an “overweight” rating on the stock in a research report on Thursday, September 24th. Melius Research decreased their price objective on shares of McDonald’s from $250.00 to $230.00 and set a “sell” rating for the company in a report on Monday, September 28th. BTIG Research lowered their target price on shares of McDonald’s from $350.00 to $295.00 and set a “buy” rating on the stock in a research note on Thursday, September 24th. Guggenheim dropped their target price on shares of McDonald’s from $290.00 to $250.00 and set a “neutral” rating on the stock in a report on Monday, October 5th. Finally, Seaport Research Partners initiated coverage on shares of McDonald’s in a research report on Wednesday, September 16th. They set a “neutral” rating for the company. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, McDonald’s has a consensus rating of “Moderate Buy” and an average target price of $295.94.

View Our Latest Stock Report on McDonald’s

Key Headlines Impacting McDonald’s

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McDonald’s Profile

(Free Report)

McDonald’s Corporation is a global quick-service restaurant company that operates and franchises restaurants under the McDonald’s brand. Its restaurants serve a menu that includes hamburgers, cheeseburgers, chicken sandwiches, French fries, breakfast items, desserts, salads, beverages and coffee. Offerings vary by market, and many locations provide drive-thru service, delivery and digital ordering through the McDonald’s mobile app.

The company operates through a heavily franchised business model, with restaurants owned and operated by independent franchisees, affiliates and the company itself.

Further Reading

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

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