Compton Capital Management Inc. RI maintained its stake in McDonald’s Corp. (NYSE:MCD) during the second quarter, Holdings Channel reports. The fund owned 11,296 shares of the fast-food giant’s stock at the end of the second quarter. Compton Capital Management Inc. RI’s holdings in McDonald’s Corp. were worth $1,359,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of the stock. Emerald Acquisition Ltd. purchased a new position in shares of McDonald’s Corp. during the second quarter worth about $158,428,000. Societe Generale purchased a new position in shares of McDonald’s Corp. during the second quarter worth about $151,614,000. Acadian Asset Management LLC raised its position in shares of McDonald’s Corp. by 206.9% in the first quarter. Acadian Asset Management LLC now owns 1,557,654 shares of the fast-food giant’s stock worth $195,770,000 after buying an additional 1,050,070 shares during the last quarter. Renaissance Technologies LLC purchased a new position in shares of McDonald’s Corp. during the first quarter worth about $76,602,000. Finally, NN Investment Partners Holdings N.V. raised its position in shares of McDonald’s Corp. by 109.4% in the second quarter. NN Investment Partners Holdings N.V. now owns 1,161,699 shares of the fast-food giant’s stock worth $139,800,000 after buying an additional 607,056 shares during the last quarter. Hedge funds and other institutional investors own 69.19% of the company’s stock.
McDonald’s Corp. (NYSE:MCD) traded down 0.06% on Monday, hitting $115.21. 3,741,507 shares of the stock were exchanged. The company has a market capitalization of $98.32 billion, a PE ratio of 22.00 and a beta of 0.59. McDonald’s Corp. has a 1-year low of $95.78 and a 1-year high of $131.96. The company has a 50-day moving average price of $117.07 and a 200 day moving average price of $122.37.
McDonald’s Corp. (NYSE:MCD) last released its quarterly earnings results on Tuesday, July 26th. The fast-food giant reported $1.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.39 by $0.06. The firm had revenue of $6.27 billion for the quarter, compared to analysts’ expectations of $6.28 billion. McDonald’s Corp. had a net margin of 18.73% and a return on equity of 97.56%. The business’s revenue was down 3.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.26 EPS. Analysts anticipate that McDonald’s Corp. will post $5.56 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Thursday, September 1st were issued a $0.89 dividend. The ex-dividend date was Tuesday, August 30th. This represents a $3.56 annualized dividend and a yield of 3.09%. McDonald’s Corp.’s dividend payout ratio is currently 68.59%.
A number of equities analysts have issued reports on the company. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $140.00 price target on shares of McDonald’s Corp. in a research note on Wednesday, July 27th. Jefferies Group reissued a “hold” rating on shares of McDonald’s Corp. in a research note on Wednesday, July 27th. Sanford C. Bernstein began coverage on McDonald’s Corp. in a research note on Thursday, May 26th. They set a “market perform” rating and a $129.00 price objective for the company. TheStreet lowered McDonald’s Corp. from a “buy” rating to a “hold” rating in a research note on Friday, August 5th. Finally, Nomura reissued a “hold” rating on shares of McDonald’s Corp. in a research note on Tuesday, July 12th. Two equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have given a buy rating to the company’s stock. McDonald’s Corp. has a consensus rating of “Hold” and an average price target of $126.62.
In other McDonald’s Corp. news, Chairman Andrew J. Mckenna sold 70,000 shares of the stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $118.28, for a total value of $8,279,600.00. Following the transaction, the chairman now directly owns 108,841 shares of the company’s stock, valued at approximately $12,873,713.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.28% of the stock is currently owned by company insiders.
About McDonald’s Corp.
McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally-relevant menu of quality 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.
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