OmniStar Financial Group Inc. reduced its position in Mcdonald’s Corp (NYSE:MCD) by 42.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,233 shares of the fast-food giant’s stock after selling 5,291 shares during the quarter. Mcdonald’s accounts for approximately 1.4% of OmniStar Financial Group Inc.’s holdings, making the stock its 24th biggest holding. OmniStar Financial Group Inc.’s holdings in Mcdonald’s were worth $1,553,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of MCD. Nuveen Asset Management LLC raised its position in Mcdonald’s by 2,674.7% in the 2nd quarter. Nuveen Asset Management LLC now owns 5,707,504 shares of the fast-food giant’s stock worth $1,185,221,000 after purchasing an additional 5,501,809 shares during the period. Thoroughbred Financial Services LLC raised its position in Mcdonald’s by 21,724.4% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 3,151,660 shares of the fast-food giant’s stock worth $315,166,000 after purchasing an additional 3,137,219 shares during the period. Price T Rowe Associates Inc. MD raised its position in Mcdonald’s by 11.0% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 16,562,216 shares of the fast-food giant’s stock worth $3,439,309,000 after purchasing an additional 1,640,747 shares during the period. Marshall Wace LLP raised its position in Mcdonald’s by 1,010.2% in the 1st quarter. Marshall Wace LLP now owns 1,451,960 shares of the fast-food giant’s stock worth $275,727,000 after purchasing an additional 1,321,172 shares during the period. Finally, Vanguard Group Inc. raised its position in Mcdonald’s by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 66,926,245 shares of the fast-food giant’s stock worth $13,897,903,000 after purchasing an additional 857,084 shares during the period. 67.60% of the stock is currently owned by institutional investors.
In other news, EVP Silvia Lagnado sold 26,649 shares of Mcdonald’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $212.58, for a total value of $5,665,044.42. Following the transaction, the executive vice president now directly owns 40,129 shares in the company, valued at approximately $8,530,622.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Catherine A. Hoovel sold 457 shares of Mcdonald’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $218.15, for a total value of $99,694.55. Following the completion of the transaction, the vice president now owns 1,348 shares in the company, valued at $294,066.20. The disclosure for this sale can be found here. 0.25% of the stock is owned by corporate insiders.
A number of research firms recently weighed in on MCD. Jefferies Financial Group increased their price objective on shares of Mcdonald’s from $225.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, June 28th. Morgan Stanley increased their price objective on shares of Mcdonald’s from $210.00 to $220.00 and gave the stock an “overweight” rating in a research report on Thursday, July 18th. TheStreet raised shares of Mcdonald’s from a “c+” rating to a “b-” rating in a research report on Monday, August 26th. Telsey Advisory Group reissued an “outperform” rating and issued a $230.00 price objective (up from $210.00) on shares of Mcdonald’s in a research report on Monday, July 15th. Finally, BMO Capital Markets increased their price objective on shares of Mcdonald’s to $230.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Nine research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $221.90.
MCD stock traded down $2.74 during mid-day trading on Friday, reaching $209.02. The company had a trading volume of 420,926 shares, compared to its average volume of 3,313,624. The company has a market capitalization of $160.33 billion, a PE ratio of 26.46, a price-to-earnings-growth ratio of 3.14 and a beta of 0.49. The firm has a 50 day moving average of $213.77 and a 200 day moving average of $205.88. Mcdonald’s Corp has a 12 month low of $161.82 and a 12 month high of $221.93.
Mcdonald’s (NYSE:MCD) last released its quarterly earnings data on Friday, July 26th. The fast-food giant reported $2.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.06 by ($0.01). The business had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.34 billion. Mcdonald’s had a net margin of 28.32% and a negative return on equity of 92.02%. Mcdonald’s’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.99 earnings per share. Equities analysts anticipate that Mcdonald’s Corp will post 8.01 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $5.00 dividend on an annualized basis and a yield of 2.39%. This is a positive change from Mcdonald’s’s previous quarterly dividend of $1.16. Mcdonald’s’s dividend payout ratio is currently 58.73%.
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, 2018, the company operated 37,855 restaurants, including 35,085 franchised restaurants comprising 21,685 franchised to conventional franchisees, 7,225 licensed to developmental licensees, and 6,175 licensed to foreign affiliates; and 2,770 company-operated restaurants.
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