Dimensional Fund Advisors LP cut its stake in shares of McDonald’s Corp. (NYSE:MCD) by 0.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,036,268 shares of the fast-food giant’s stock after selling 10,819 shares during the period. Dimensional Fund Advisors LP owned approximately 0.24% of McDonald’s Corp. worth $245,035,000 as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in the stock. Glassman Wealth Services increased its stake in McDonald’s Corp. by 27.4% in the second quarter. Glassman Wealth Services now owns 930 shares of the fast-food giant’s stock valued at $112,000 after buying an additional 200 shares during the last quarter. Invictus RG increased its stake in McDonald’s Corp. by 364.1% in the first quarter. Invictus RG now owns 919 shares of the fast-food giant’s stock valued at $115,000 after buying an additional 721 shares during the last quarter. RPg Family Wealth Advisory LLC increased its stake in McDonald’s Corp. by 572.4% in the first quarter. RPg Family Wealth Advisory LLC now owns 975 shares of the fast-food giant’s stock valued at $123,000 after buying an additional 830 shares during the last quarter. MU Investments Co. Ltd. bought a new stake in McDonald’s Corp. during the second quarter valued at approximately $163,000. Finally, Cypress Capital Management LLC WY bought a new stake in McDonald’s Corp. during the second quarter valued at approximately $178,000. 69.10% of the stock is owned by institutional investors.
McDonald’s Corp. (NYSE:MCD) traded up 0.16% during midday trading on Tuesday, hitting $114.82. The stock had a trading volume of 792,799 shares. McDonald’s Corp. has a 12 month low of $100.34 and a 12 month high of $131.96. The firm’s 50-day moving average price is $115.93 and its 200 day moving average price is $121.97. The company has a market cap of $97.98 billion, a P/E ratio of 21.92 and a beta of 0.61.
McDonald’s Corp. (NYSE:MCD) last issued its earnings results on Tuesday, July 26th. The fast-food giant reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.06. The company earned $6.27 billion during the quarter, compared to analysts’ expectations of $6.28 billion. McDonald’s Corp. had a return on equity of 97.56% and a net margin of 18.73%. McDonald’s Corp.’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.26 EPS. On average, analysts expect that McDonald’s Corp. will post $5.56 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be issued a dividend of $0.94 per share. The ex-dividend date of this dividend is Tuesday, November 29th. This is a boost from McDonald’s Corp.’s previous quarterly dividend of $0.89. This represents a $3.76 annualized dividend and a yield of 3.28%. McDonald’s Corp.’s dividend payout ratio is currently 68.59%.
A number of research firms recently weighed in on MCD. SunTrust Banks Inc. set a $138.00 price target on McDonald’s Corp. and gave the company a “buy” rating in a research note on Wednesday, July 27th. Vetr cut McDonald’s Corp. from a “buy” rating to a “hold” rating and set a $128.73 price target on the stock. in a research note on Thursday, July 14th. Nomura restated a “hold” rating on shares of McDonald’s Corp. in a research note on Tuesday, July 12th. Longbow Research restated a “hold” rating on shares of McDonald’s Corp. in a research note on Wednesday, June 8th. Finally, Jefferies Group restated a “hold” rating on shares of McDonald’s Corp. in a research note on Wednesday, July 27th. Two research analysts have rated the stock with a sell rating, eighteen have given a hold rating and fourteen have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $125.85.
In related news, Chairman Andrew J. Mckenna sold 70,000 shares of the stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $118.28, for a total transaction of $8,279,600.00. Following the completion of the sale, the chairman now directly owns 108,841 shares in the company, valued at approximately $12,873,713.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.28% of the company’s stock.
McDonald’s Corp. Company Profile
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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