JMG Financial Group Ltd. increased its position in shares of McDonald’s Corp. (NYSE:MCD) by 0.1% during the second quarter, Holdings Channel reports. The firm owned 31,768 shares of the fast-food giant’s stock after buying an additional 18 shares during the period. McDonald’s Corp. accounts for approximately 0.7% of JMG Financial Group Ltd.’s holdings, making the stock its 27th largest position. JMG Financial Group Ltd.’s holdings in McDonald’s Corp. were worth $3,823,000 as of its most recent filing with the SEC.
Other large investors also recently bought and sold shares of the company. Invictus RG raised 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 worth $115,000 after buying an additional 721 shares during the period. RPg Family Wealth Advisory LLC raised 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 worth $123,000 after buying an additional 830 shares during the period. LGL Partners LLC raised its stake in McDonald’s Corp. by 0.4% in the first quarter. LGL Partners LLC now owns 1,722 shares of the fast-food giant’s stock worth $216,000 after buying an additional 7 shares during the period. American Economic Planning Group Inc. ADV bought a new stake in McDonald’s Corp. during the first quarter worth about $222,000. Finally, Brookstone Capital Management bought a new stake in McDonald’s Corp. during the second quarter worth about $224,000. Institutional investors and hedge funds own 69.10% of the company’s stock.
McDonald’s Corp. (NYSE:MCD) traded down 0.16% during midday trading on Friday, hitting $117.17. 2,775,956 shares of the stock were exchanged. The stock has a market cap of $99.99 billion, a price-to-earnings ratio of 22.37 and a beta of 0.59. McDonald’s Corp. has a 52 week low of $95.78 and a 52 week high of $131.96. The firm’s 50-day moving average is $116.50 and its 200 day moving average is $122.22.
McDonald’s Corp. (NYSE:MCD) last announced its quarterly earnings data on Tuesday, July 26th. The fast-food giant reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.06. McDonald’s Corp. had a net margin of 18.73% and a return on equity of 97.56%. The business earned $6.27 billion during the quarter, compared to the consensus estimate of $6.28 billion. During the same quarter in the prior year, the firm earned $1.26 EPS. The company’s revenue for the quarter was down 3.6% compared to the same quarter last year. Equities research analysts expect that McDonald’s Corp. will post $5.56 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Thursday, September 1st were given a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date was Tuesday, August 30th. McDonald’s Corp.’s dividend payout ratio is presently 68.59%.
MCD has been the subject of a number of analyst reports. Nomura restated a “buy” rating on shares of McDonald’s Corp. in a research report on Thursday, June 2nd. JPMorgan Chase & Co. set a $130.00 price objective on McDonald’s Corp. and gave the company a “buy” rating in a report on Tuesday, July 12th. RBC Capital Markets reiterated a “buy” rating and issued a $140.00 price objective on shares of McDonald’s Corp. in a report on Friday, July 22nd. Vetr upgraded McDonald’s Corp. from a “hold” rating to a “buy” rating and set a $128.73 price objective on the stock in a report on Tuesday, July 26th. Finally, Deutsche Bank AG decreased their price objective on McDonald’s Corp. from $140.00 to $135.00 and set a “buy” rating on the stock in a report on Wednesday, July 27th. Two equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and thirteen have given a buy rating to the company. McDonald’s Corp. has a consensus rating of “Hold” and a consensus target price of $126.62.
In related news, Chairman Andrew J. Mckenna sold 70,000 shares of the business’s stock in a transaction dated Thursday, August 4th. The shares were 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 owns 108,841 shares of the company’s stock, valued at approximately $12,873,713.48. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.28% of the company’s stock.
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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