Sirios Capital Management L P lifted its position in shares of Mcdonald’s Corp (NYSE:MCD) by 99.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 441,920 shares of the fast-food giant’s stock after buying an additional 220,204 shares during the quarter. Mcdonald’s makes up 3.8% of Sirios Capital Management L P’s investment portfolio, making the stock its 9th largest position. Sirios Capital Management L P owned about 0.06% of Mcdonald’s worth $73,929,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Fundsmith Equity Fund L.P. acquired a new position in Mcdonald’s during the second quarter valued at approximately $1,191,239,000. Psagot Investment House Ltd. lifted its position in Mcdonald’s by 83.7% during the third quarter. Psagot Investment House Ltd. now owns 8,560 shares of the fast-food giant’s stock valued at $1,432,000 after buying an additional 3,900 shares in the last quarter. AustralianSuper Pty Ltd acquired a new position in Mcdonald’s during the second quarter valued at approximately $179,723,000. California Capital Advisors Inc. lifted its position in Mcdonald’s by 37.7% during the third quarter. California Capital Advisors Inc. now owns 23,470 shares of the fast-food giant’s stock valued at $3,926,000 after buying an additional 6,424 shares in the last quarter. Finally, Scopus Asset Management L.P. lifted its position in Mcdonald’s by 20.0% during the second quarter. Scopus Asset Management L.P. now owns 300,000 shares of the fast-food giant’s stock valued at $47,007,000 after buying an additional 50,000 shares in the last quarter. Institutional investors and hedge funds own 67.22% of the company’s stock.
Shares of NYSE:MCD opened at $182.96 on Friday. The firm has a market capitalization of $142.97 billion, a P/E ratio of 27.47, a P/E/G ratio of 2.72 and a beta of 0.55. Mcdonald’s Corp has a 12-month low of $146.84 and a 12-month high of $190.88.
Mcdonald’s (NYSE:MCD) last issued its quarterly earnings results on Tuesday, October 23rd. The fast-food giant reported $2.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.99 by $0.11. The business had revenue of $5.37 billion during the quarter, compared to analyst estimates of $5.28 billion. Mcdonald’s had a net margin of 24.56% and a negative return on equity of 116.43%. The business’s revenue was down 6.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.76 earnings per share. On average, analysts expect that Mcdonald’s Corp will post 7.76 EPS for the current year.
The business also recently declared 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 represents a $4.64 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date is Friday, November 30th. This is a positive change from Mcdonald’s’s previous quarterly dividend of $1.01. Mcdonald’s’s payout ratio is 69.67%.
In related news, EVP Francesca A. Debiase sold 15,136 shares of Mcdonald’s stock in a transaction on Wednesday, October 24th. The shares were sold at an average price of $176.17, for a total value of $2,666,509.12. Following the completion of 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 can be accessed through this link. Also, CEO Stephen Easterbrook sold 201,123 shares of Mcdonald’s stock in a transaction on Wednesday, October 24th. The stock was sold at an average price of $175.63, for a total transaction of $35,323,232.49. Following the completion of the sale, the chief executive officer now owns 48,925 shares of the company’s stock, valued at approximately $8,592,697.75. The disclosure for this sale can be found here. In the last 90 days, insiders sold 221,041 shares of company stock valued at $38,839,407. Insiders own 0.22% of the company’s stock.
A number of research analysts have weighed in on the stock. Sanford C. Bernstein reaffirmed a “buy” rating and set a $195.00 price target on shares of Mcdonald’s in a research report on Tuesday, October 23rd. Zacks Investment Research cut shares of Mcdonald’s from a “buy” rating to a “hold” rating in a research report on Friday. Stifel Nicolaus reaffirmed a “neutral” rating and set a $168.00 price target on shares of Mcdonald’s in a research report on Monday, August 20th. Royal Bank of Canada set a $190.00 target price on shares of Mcdonald’s and gave the stock a “buy” rating in a research report on Wednesday, October 24th. Finally, Barclays reissued a “buy” rating and set a $194.00 target price on shares of Mcdonald’s in a research report on Monday, August 20th. Seven analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $191.69.
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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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