Middleton & Co Inc MA decreased its stake in McDonald’s Corp. (NYSE:MCD) by 0.4% during the second quarter, Holdings Channel reports. The fund owned 6,589 shares of the fast-food giant’s stock after selling 25 shares during the period. Middleton & Co Inc MA’s holdings in McDonald’s Corp. were worth $793,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings 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 valued at $115,000 after buying an additional 721 shares in the last quarter. 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 valued at $123,000 after buying an additional 830 shares in the last quarter. 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 valued at $216,000 after buying an additional 7 shares in the last quarter. American Economic Planning Group Inc. ADV acquired a new stake in McDonald’s Corp. during the first quarter valued at approximately $222,000. Finally, Brookstone Capital Management acquired a new stake in McDonald’s Corp. during the second quarter valued at approximately $224,000. Institutional investors own 69.10% of the company’s stock.
Shares of McDonald’s Corp. (NYSE:MCD) traded down 0.16% on Friday, hitting $117.17. The stock had a trading volume of 2,775,956 shares. The company 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 has a 50 day moving average price of $116.50 and a 200-day moving average price of $122.22.
McDonald’s Corp. (NYSE:MCD) last released its earnings results on Tuesday, July 26th. The fast-food giant reported $1.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.39 by $0.06. The firm had revenue of $6.27 billion for the quarter, compared to analyst estimates of $6.28 billion. McDonald’s Corp. had a return on equity of 97.56% and a net margin of 18.73%. The company’s revenue was down 3.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.26 EPS. Analysts anticipate that McDonald’s Corp. will post $5.56 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Thursday, September 1st were issued a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 3.04%. The ex-dividend date was Tuesday, August 30th. McDonald’s Corp.’s payout ratio is presently 68.59%.
Several equities research analysts recently commented on MCD shares. Vetr upgraded shares of McDonald’s Corp. from a “hold” rating to a “buy” rating and set a $121.01 price objective on the stock in a research report on Monday, September 5th. Morgan Stanley reiterated a “hold” rating and issued a $118.00 price objective on shares of McDonald’s Corp. in a research report on Thursday, July 28th. Credit Suisse Group AG reissued an “outperform” rating and issued a $132.00 target price on shares of McDonald’s Corp. in a research note on Friday, September 16th. Canaccord Genuity assumed coverage on shares of McDonald’s Corp. in a research note on Monday, August 22nd. They issued a “hold” rating and a $122.00 target price for the company. Finally, Citigroup Inc. cut their target price on shares of McDonald’s Corp. from $130.00 to $122.00 and set a “neutral” rating for the company in a research note on Tuesday, September 13th. Two analysts have rated the stock with a sell rating, nineteen have issued a hold rating and thirteen have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $126.62.
In other news, Chairman Andrew J. Mckenna sold 70,000 shares of McDonald’s Corp. stock in a transaction that occurred on 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 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 Securities & Exchange Commission, which is available through the SEC website. 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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