Woodmont Investment Counsel LLC reduced its stake in shares of Mcdonald’s Corp (NYSE:MCD) by 3.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,341 shares of the fast-food giant’s stock after selling 787 shares during the quarter. Woodmont Investment Counsel LLC’s holdings in Mcdonald’s were worth $3,403,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of MCD. Sirios Capital Management L P raised its stake in shares of Mcdonald’s by 99.3% during the 3rd quarter. Sirios Capital Management L P now owns 441,920 shares of the fast-food giant’s stock worth $73,929,000 after purchasing an additional 220,204 shares in the last quarter. InterOcean Capital LLC raised its stake in shares of Mcdonald’s by 5.5% during the 3rd quarter. InterOcean Capital LLC now owns 7,125 shares of the fast-food giant’s stock worth $1,192,000 after purchasing an additional 373 shares in the last quarter. Maryland Capital Management raised its stake in shares of Mcdonald’s by 1.4% during the 3rd quarter. Maryland Capital Management now owns 23,603 shares of the fast-food giant’s stock worth $3,949,000 after purchasing an additional 335 shares in the last quarter. Primecap Management Co. CA raised its stake in shares of Mcdonald’s by 1,306.0% during the 3rd quarter. Primecap Management Co. CA now owns 140,600 shares of the fast-food giant’s stock worth $23,521,000 after purchasing an additional 130,600 shares in the last quarter. Finally, Poehling Capital Management LLC raised its stake in shares of Mcdonald’s by 80.2% during the 3rd quarter. Poehling Capital Management LLC now owns 1,627 shares of the fast-food giant’s stock worth $272,000 after purchasing an additional 724 shares in the last quarter. Institutional investors own 67.22% of the company’s stock.
Shares of NYSE MCD opened at $182.96 on Friday. Mcdonald’s Corp has a one year low of $146.84 and a one year high of $190.88. The firm has a market capitalization 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 (NYSE:MCD) last issued its quarterly earnings data on Tuesday, October 23rd. The fast-food giant reported $2.10 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $5.37 billion for the quarter, compared to analyst estimates of $5.28 billion. During the same period in the prior year, the firm posted $1.76 EPS. The company’s revenue for the quarter was down 6.7% on a year-over-year basis. Equities research analysts predict that Mcdonald’s Corp will post 7.76 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 3rd will be issued a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 2.54%. This is a positive change from Mcdonald’s’s previous quarterly dividend of $1.01. The ex-dividend date is Friday, November 30th. Mcdonald’s’s dividend payout ratio is currently 69.67%.
In other Mcdonald’s news, CEO Stephen Easterbrook sold 201,123 shares of the company’s stock in a transaction on Wednesday, October 24th. The stock was sold at an average price of $175.63, for a total value of $35,323,232.49. Following the transaction, the chief executive officer now directly owns 48,925 shares of the company’s stock, valued at approximately $8,592,697.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Ian Frederick Borden sold 4,782 shares of the company’s stock in a transaction on Thursday, October 25th. The shares were sold at an average price of $177.68, for a total value of $849,665.76. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 221,041 shares of company stock worth $38,839,407. Insiders own 0.22% of the company’s stock.
A number of equities research analysts recently weighed in on the company. Zacks Investment Research upgraded Mcdonald’s from a “hold” rating to a “buy” rating and set a $208.00 price target on the stock in a research note on Wednesday. Jefferies Financial Group restated a “buy” rating and issued a $200.00 price target on shares of Mcdonald’s in a research note on Tuesday. Robert W. Baird restated a “buy” rating and issued a $200.00 price target on shares of Mcdonald’s in a research note on Wednesday, October 24th. Piper Jaffray Companies increased their price target on Mcdonald’s to $194.00 and gave the company an “overweight” rating in a research note on Wednesday, November 28th. Finally, Barclays set a $198.00 price target on Mcdonald’s and gave the company a “buy” rating in a research note on Monday, November 19th. Seven research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. The stock currently has an average 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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