Mcdonald’s Corp (MCD) Holdings Reduced by American Century Companies Inc.

American Century Companies Inc. trimmed its position in shares of Mcdonald’s Corp (NYSE:MCD) by 1.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,017,793 shares of the fast-food giant’s stock after selling 13,289 shares during the quarter. American Century Companies Inc. owned 0.13% of Mcdonald’s worth $170,267,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the company. LVW Advisors LLC raised its holdings in shares of Mcdonald’s by 2.5% in the third quarter. LVW Advisors LLC now owns 18,237 shares of the fast-food giant’s stock valued at $3,051,000 after acquiring an additional 453 shares in the last quarter. Cadence Capital Management LLC raised its holdings in shares of Mcdonald’s by 6.0% in the third quarter. Cadence Capital Management LLC now owns 76,862 shares of the fast-food giant’s stock valued at $12,858,000 after acquiring an additional 4,331 shares in the last quarter. First Long Island Investors LLC raised its holdings in shares of Mcdonald’s by 2.9% in the third quarter. First Long Island Investors LLC now owns 52,783 shares of the fast-food giant’s stock valued at $8,830,000 after acquiring an additional 1,471 shares in the last quarter. Hutner Capital Management Inc. raised its holdings in shares of Mcdonald’s by 1.3% in the third quarter. Hutner Capital Management Inc. now owns 52,546 shares of the fast-food giant’s stock valued at $8,790,000 after acquiring an additional 691 shares in the last quarter. Finally, HL Financial Services LLC raised its holdings in shares of Mcdonald’s by 3.8% in the third quarter. HL Financial Services LLC now owns 99,243 shares of the fast-food giant’s stock valued at $16,602,000 after acquiring an additional 3,620 shares in the last quarter. Institutional investors and hedge funds own 66.92% of the company’s stock.

Several research firms recently weighed in on MCD. Royal Bank of Canada set a $175.00 price objective on Mcdonald’s and gave the company a “buy” rating in a report on Thursday, July 26th. Sanford C. Bernstein reiterated a “buy” rating and issued a $195.00 target price on shares of Mcdonald’s in a report on Tuesday, October 23rd. Cowen boosted their target price on shares of Mcdonald’s from $190.00 to $205.00 and gave the stock an “outperform” rating in a report on Friday. Telsey Advisory Group reduced their target price on shares of Mcdonald’s from $190.00 to $175.00 and set an “outperform” rating for the company in a report on Friday, July 27th. Finally, Stifel Nicolaus reiterated a “neutral” rating and issued a $168.00 target price on shares of Mcdonald’s in a report on Monday, August 20th. Seven equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. Mcdonald’s presently has an average rating of “Buy” and an average price target of $189.44.

In related news, EVP Francesca A. Debiase sold 15,136 shares of the company’s stock in a transaction that occurred on Wednesday, October 24th. The stock was sold at an average price of $176.17, for a total value of $2,666,509.12. Following the sale, the executive vice president now owns 17,306 shares in the company, valued at $3,048,798.02. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Stephen Easterbrook sold 201,123 shares of the company’s stock in a transaction that occurred on Wednesday, October 24th. The shares were sold at an average price of $175.63, for a total value of $35,323,232.49. Following the completion of the sale, the chief executive officer now owns 48,925 shares in the company, valued at approximately $8,592,697.75. The disclosure for this sale can be found here. Insiders have sold 221,041 shares of company stock worth $38,839,407 in the last 90 days. Insiders own 0.22% of the company’s stock.

Shares of MCD stock opened at $185.94 on Friday. Mcdonald’s Corp has a fifty-two week low of $146.84 and a fifty-two week high of $186.58. The stock has a market cap of $140.85 billion, a PE ratio of 27.92, a price-to-earnings-growth ratio of 2.68 and a beta of 0.53.

Mcdonald’s (NYSE:MCD) last issued its quarterly earnings results on Tuesday, October 23rd. The fast-food giant reported $2.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.99 by $0.11. Mcdonald’s had a negative return on equity of 116.43% and a net margin of 24.56%. The business had revenue of $5.37 billion for the quarter, compared to analyst estimates of $5.28 billion. During the same quarter in the previous year, the firm earned $1.76 earnings per share. The company’s revenue was down 6.7% on a year-over-year basis. As a group, research analysts forecast that Mcdonald’s Corp will post 7.75 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Monday, December 3rd will be paid a dividend of $1.16 per share. This is a positive change from Mcdonald’s’s previous quarterly dividend of $1.01. The ex-dividend date of this dividend is Friday, November 30th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.50%. Mcdonald’s’s payout ratio is presently 60.66%.

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Mcdonald’s Profile

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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Institutional Ownership by Quarter for Mcdonald`s (NYSE:MCD)

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