Kemper Corp Master Retirement Trust lowered its stake in Mcdonald’s Corp (NYSE:MCD) by 15.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,300 shares of the fast-food giant’s stock after selling 2,900 shares during the period. Mcdonald’s comprises 1.7% of Kemper Corp Master Retirement Trust’s investment portfolio, making the stock its 22nd biggest position. Kemper Corp Master Retirement Trust’s holdings in Mcdonald’s were worth $2,727,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of MCD. Fundsmith Equity Fund L.P. acquired a new stake in shares of Mcdonald’s during the 2nd quarter worth about $1,191,239,000. Psagot Investment House Ltd. raised its position in shares of Mcdonald’s by 83.7% during the 3rd quarter. Psagot Investment House Ltd. now owns 8,560 shares of the fast-food giant’s stock worth $1,432,000 after acquiring an additional 3,900 shares in the last quarter. AustralianSuper Pty Ltd acquired a new stake in shares of Mcdonald’s during the 2nd quarter worth about $179,723,000. California Capital Advisors Inc. raised its position in shares of Mcdonald’s by 37.7% during the 3rd quarter. California Capital Advisors Inc. now owns 23,470 shares of the fast-food giant’s stock worth $3,926,000 after acquiring an additional 6,424 shares in the last quarter. Finally, Scopus Asset Management L.P. raised its position in shares of Mcdonald’s by 20.0% during the 2nd quarter. Scopus Asset Management L.P. now owns 300,000 shares of the fast-food giant’s stock worth $47,007,000 after acquiring an additional 50,000 shares in the last quarter. 67.22% of the stock is currently owned by institutional investors.
In other Mcdonald’s news, insider Ian Frederick Borden sold 4,782 shares of Mcdonald’s stock in a transaction that occurred on Thursday, October 25th. The stock was sold at an average price of $177.68, for a total value of $849,665.76. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Stephen Easterbrook sold 201,123 shares of Mcdonald’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 transaction, the chief executive officer now owns 48,925 shares in the company, valued at $8,592,697.75. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 221,041 shares of company stock worth $38,839,407. 0.22% of the stock is currently owned by corporate insiders.
Several brokerages have recently weighed in on MCD. Zacks Investment Research lowered Mcdonald’s from a “buy” rating to a “hold” rating in a research report on Friday. Jefferies Financial Group reissued a “buy” rating and set a $200.00 target price on shares of Mcdonald’s in a research report on Tuesday. Morgan Stanley raised Mcdonald’s from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $173.00 to $210.00 in a research report on Thursday, November 29th. Piper Jaffray Companies raised their target price on Mcdonald’s to $194.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 28th. Finally, Wells Fargo & Co raised their target price on Mcdonald’s from $197.00 to $202.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 21st. Seven equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $191.69.
MCD opened at $182.96 on Friday. The company has a market cap of $142.97 billion, a price-to-earnings ratio of 27.47, a PEG ratio of 2.72 and a beta of 0.55. Mcdonald’s Corp has a 52 week low of $146.84 and a 52 week high of $190.88.
Mcdonald’s (NYSE:MCD) last released its quarterly earnings results on Tuesday, October 23rd. The fast-food giant reported $2.10 EPS for the quarter, topping the consensus estimate of $1.99 by $0.11. The company had revenue of $5.37 billion for the quarter, compared to analyst estimates of $5.28 billion. Mcdonald’s had a negative return on equity of 116.43% and a net margin of 24.56%. The firm’s revenue was down 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.76 earnings per share. Equities analysts expect that Mcdonald’s Corp will post 7.76 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 3rd will be given 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 annualized dividend and a yield of 2.54%. Mcdonald’s’s payout ratio is 69.67%.
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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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