Rathbone Brothers plc increased its stake in Mcdonald’s Corp (NYSE:MCD) by 3.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,268 shares of the fast-food giant’s stock after purchasing an additional 822 shares during the period. Rathbone Brothers plc’s holdings in Mcdonald’s were worth $3,725,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently made changes to their positions in MCD. Fundsmith Equity Fund L.P. acquired a new position in Mcdonald’s in the 2nd quarter worth $1,191,239,000. AustralianSuper Pty Ltd acquired a new position in Mcdonald’s in the 2nd quarter worth $179,723,000. Amundi Pioneer Asset Management Inc. boosted its stake in Mcdonald’s by 103.8% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 2,043,158 shares of the fast-food giant’s stock worth $319,509,000 after purchasing an additional 1,040,636 shares during the period. FMR LLC boosted its stake in Mcdonald’s by 5.5% in the 2nd quarter. FMR LLC now owns 19,483,955 shares of the fast-food giant’s stock worth $3,052,941,000 after purchasing an additional 1,014,792 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec boosted its stake in Mcdonald’s by 30.3% in the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,808,550 shares of the fast-food giant’s stock worth $440,072,000 after purchasing an additional 652,752 shares during the period. 66.98% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts recently weighed in on MCD shares. Wells Fargo & Co reaffirmed a “buy” rating and issued a $185.00 target price on shares of Mcdonald’s in a research note on Thursday, June 21st. Royal Bank of Canada reaffirmed a “buy” rating and issued a $175.00 target price on shares of Mcdonald’s in a research note on Monday, July 9th. Cleveland Research lowered shares of Mcdonald’s from a “buy” rating to a “hold” rating in a research note on Wednesday, July 11th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $200.00 target price on shares of Mcdonald’s in a research note on Wednesday, July 11th. Finally, Stifel Nicolaus reaffirmed a “neutral” rating and issued a $168.00 target price on shares of Mcdonald’s in a research note on Monday, July 16th. Seven investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. Mcdonald’s currently has a consensus rating of “Buy” and a consensus target price of $183.29.
Mcdonald’s stock opened at $163.82 on Friday. Mcdonald’s Corp has a one year low of $146.84 and a one year high of $178.70. 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 cap of $129.78 billion, a PE ratio of 24.60, a price-to-earnings-growth ratio of 2.49 and a beta of 0.66.
Mcdonald’s (NYSE:MCD) last posted its quarterly earnings data on Thursday, July 26th. The fast-food giant reported $1.99 EPS for the quarter, topping the Zacks’ consensus estimate of $1.92 by $0.07. Mcdonald’s had a net margin of 25.26% and a negative return on equity of 133.89%. The company had revenue of $5.35 billion during the quarter, compared to the consensus estimate of $5.32 billion. During the same period in the prior year, the business posted $1.73 EPS. The company’s quarterly revenue was down 11.5% on a year-over-year basis. On average, sell-side analysts expect that Mcdonald’s Corp will post 7.65 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Monday, December 3rd will be paid a $1.16 dividend. This is an increase from Mcdonald’s’s previous quarterly dividend of $1.01. This represents a $4.64 annualized dividend and a yield of 2.83%. The ex-dividend date of this dividend is Friday, November 30th. Mcdonald’s’s dividend payout ratio (DPR) is 60.66%.
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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