MAI Capital Management grew its stake in shares of Mcdonald’s Corp (NYSE:MCD) by 6.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,543 shares of the fast-food giant’s stock after acquiring an additional 740 shares during the quarter. MAI Capital Management’s holdings in Mcdonald’s were worth $1,931,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Rainier Group Investment Advisory LLC acquired a new position in shares of Mcdonald’s during the first quarter valued at about $102,000. CSat Investment Advisory L.P. acquired a new position in shares of Mcdonald’s during the second quarter valued at about $104,000. CX Institutional purchased a new stake in Mcdonald’s in the second quarter valued at approximately $109,000. Quad Cities Investment Group LLC purchased a new stake in Mcdonald’s in the second quarter valued at approximately $110,000. Finally, Sound Income Strategies LLC boosted its position in Mcdonald’s by 69.2% in the 3rd quarter. Sound Income Strategies LLC now owns 743 shares of the fast-food giant’s stock worth $124,000 after purchasing an additional 304 shares in the last quarter. Hedge funds and other institutional investors own 66.98% of the company’s stock.
Shares of MCD opened at $163.82 on Friday. The company has a debt-to-equity ratio of -5.24, a current ratio of 1.47 and a quick ratio of 1.45. The stock has a market capitalization of $129.78 billion, a PE ratio of 24.60, a P/E/G ratio of 2.49 and a beta of 0.66. Mcdonald’s Corp has a 1 year low of $146.84 and a 1 year high of $178.70.
Mcdonald’s (NYSE:MCD) last announced its quarterly earnings data on Thursday, July 26th. The fast-food giant reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.07. The business had revenue of $5.35 billion during the quarter, compared to analysts’ expectations of $5.32 billion. Mcdonald’s had a negative return on equity of 133.89% and a net margin of 25.26%. The business’s quarterly revenue was down 11.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.73 EPS. As a group, sell-side analysts expect that Mcdonald’s Corp will post 7.65 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Monday, December 3rd will be paid a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 2.83%. The ex-dividend date is Friday, November 30th. This is a boost from Mcdonald’s’s previous quarterly dividend of $1.01. Mcdonald’s’s dividend payout ratio (DPR) is presently 60.66%.
MCD has been the subject of several recent research reports. Guggenheim raised Mcdonald’s from a “neutral” rating to a “buy” rating and set a $200.00 price objective for the company in a research note on Wednesday. They noted that the move was a valuation call. ValuEngine raised Mcdonald’s from a “hold” rating to a “buy” rating in a research note on Thursday. Goldman Sachs Group reissued a “buy” rating and issued a $192.00 price objective on shares of Mcdonald’s in a research note on Friday, October 5th. Jefferies Financial Group set a $190.00 price objective on Mcdonald’s and gave the company a “buy” rating in a research note on Wednesday, September 26th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $175.00 price objective on shares of Mcdonald’s in a research note on Thursday, September 27th. Seven analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. Mcdonald’s has an average rating of “Buy” and an average target price of $183.29.
McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products, soft drinks, coffee, and other beverages, as well as breakfast menu. As of December 31, 2017, the company operated 37,241 restaurants, including 34,108 franchised restaurants comprising 21,366 franchised to conventional franchisees, 6,945 licensed to developmental licensees, and 5,797 licensed to foreign affiliates; and 3,133 company-operated restaurants.
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