YHB Investment Advisors Inc. decreased its position in McDonald’s Corp. (NYSE:MCD) by 0.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,227 shares of the fast-food giant’s stock after selling 269 shares during the period. YHB Investment Advisors Inc.’s holdings in McDonald’s Corp. were worth $4,841,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of MCD. Montrusco Bolton Investments Inc. raised its position in McDonald’s Corp. by 81.9% in the first quarter. Montrusco Bolton Investments Inc. now owns 3,420 shares of the fast-food giant’s stock worth $430,000 after buying an additional 1,540 shares during the last quarter. QUANTRES ASSET MANAGEMENT Ltd acquired a new position in McDonald’s Corp. during the first quarter worth $302,000. V Wealth Management LLC acquired a new position in McDonald’s Corp. during the first quarter worth $419,000. Private Trust Co. NA raised its position in McDonald’s Corp. by 1.5% in the first quarter. Private Trust Co. NA now owns 21,171 shares of the fast-food giant’s stock worth $2,660,000 after buying an additional 322 shares during the last quarter. Finally, First Financial Corp IN raised its position in McDonald’s Corp. by 0.8% in the first quarter. First Financial Corp IN now owns 14,761 shares of the fast-food giant’s stock worth $1,855,000 after buying an additional 115 shares during the last quarter. Hedge funds and other institutional investors own 69.10% of the company’s stock.
Shares of McDonald’s Corp. (NYSE:MCD) traded up 0.50% during trading on Friday, hitting $115.36. 4,188,694 shares of the stock were exchanged. The stock has a market cap of $98.44 billion, a P/E ratio of 22.03 and a beta of 0.59. McDonald’s Corp. has a 12-month low of $100.20 and a 12-month high of $131.96. The stock has a 50-day moving average of $116.07 and a 200 day moving average of $122.05.
McDonald’s Corp. (NYSE:MCD) last released 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. McDonald’s Corp. had a net margin of 18.73% and a return on equity of 97.56%. The firm earned $6.27 billion during the quarter, compared to analyst estimates of $6.28 billion. During the same quarter in the previous year, the firm earned $1.26 earnings per share. The firm’s revenue for the quarter was down 3.6% compared to the same quarter last year. Equities analysts predict that McDonald’s Corp. will post $5.56 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be paid a dividend of $0.94 per share. This is a positive change from McDonald’s Corp.’s previous quarterly dividend of $0.89. The ex-dividend date is Tuesday, November 29th. This represents a $3.76 annualized dividend and a yield of 3.26%. McDonald’s Corp.’s payout ratio is presently 68.59%.
Several research firms have weighed in on MCD. RBC Capital Markets reiterated a “buy” rating and issued a $140.00 target price on shares of McDonald’s Corp. in a report on Friday, July 22nd. Jefferies Group set a $115.00 target price on shares of McDonald’s Corp. and gave the company a “neutral” rating in a report on Tuesday, July 26th. Nomura set a $129.00 target price on shares of McDonald’s Corp. and gave the company a “neutral” rating in a report on Wednesday, July 20th. Wells Fargo & Co. reiterated a “market perform” rating on shares of McDonald’s Corp. in a report on Wednesday, July 20th. Finally, Zacks Investment Research upgraded shares of McDonald’s Corp. from a “sell” rating to a “hold” rating in a report on Thursday, July 21st. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have issued a buy rating to the company’s stock. McDonald’s Corp. currently has an average rating of “Hold” and a consensus target price of $126.12.
In other McDonald’s Corp. news, Chairman Andrew J. Mckenna sold 70,000 shares of the business’s stock in a transaction on 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 in the company, valued at $12,873,713.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company 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.
Want to see what other hedge funds are holding MCD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for McDonald’s Corp. (NYSE:MCD).
Receive News & Ratings for McDonald's Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDonald's Corp. and related companies with MarketBeat.com's FREE daily email newsletter.