Mcdonald’s Corp (NYSE:MCD) is Whitnell & Co.’s 9th Largest Position

Whitnell & Co. grew its stake in shares of Mcdonald’s Corp (NYSE:MCD) by 26.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,763 shares of the fast-food giant’s stock after purchasing an additional 6,303 shares during the quarter. Mcdonald’s makes up approximately 2.1% of Whitnell & Co.’s investment portfolio, making the stock its 9th largest position. Whitnell & Co.’s holdings in Mcdonald’s were worth $6,390,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Cox Capital Mgt LLC lifted its holdings in Mcdonald’s by 2.7% during the 2nd quarter. Cox Capital Mgt LLC now owns 11,382 shares of the fast-food giant’s stock worth $2,364,000 after buying an additional 299 shares during the last quarter. Thomasville National Bank increased its position in Mcdonald’s by 3.6% in the second quarter. Thomasville National Bank now owns 23,281 shares of the fast-food giant’s stock worth $4,834,000 after purchasing an additional 800 shares during the last quarter. Baystate Wealth Management LLC increased its position in Mcdonald’s by 59.4% in the second quarter. Baystate Wealth Management LLC now owns 735 shares of the fast-food giant’s stock worth $152,000 after purchasing an additional 274 shares during the last quarter. South Texas Money Management Ltd. increased its position in Mcdonald’s by 4.4% in the second quarter. South Texas Money Management Ltd. now owns 1,529 shares of the fast-food giant’s stock worth $318,000 after purchasing an additional 64 shares during the last quarter. Finally, Winfield Associates Inc. bought a new position in Mcdonald’s during the second quarter valued at $145,000. 67.91% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have weighed in on the stock. Telsey Advisory Group cut their price objective on shares of Mcdonald’s from $230.00 to $220.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Robert W. Baird lowered their target price on shares of Mcdonald’s from $230.00 to $225.00 and set an “outperform” rating for the company in a research note on Tuesday, October 22nd. Goldman Sachs Group assumed coverage on shares of Mcdonald’s in a research note on Monday, July 29th. They set a “buy” rating and a $250.00 target price for the company. Morgan Stanley lowered their target price on shares of Mcdonald’s from $220.00 to $214.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. Finally, Sanford C. Bernstein reissued a “buy” rating on shares of Mcdonald’s in a research note on Friday, July 26th. Eight analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $222.96.

In related news, Director John J. Mulligan bought 1,300 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were bought at an average price of $193.46 per share, with a total value of $251,498.00. Following the transaction, the director now owns 2,900 shares in the company, valued at $561,034. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Christopher J. Kempczinski bought 2,580 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were bought at an average cost of $193.81 per share, for a total transaction of $500,029.80. Following the transaction, the chief executive officer now owns 2,580 shares in the company, valued at approximately $500,029.80. The disclosure for this purchase can be found here. 0.25% of the stock is currently owned by insiders.

Shares of Mcdonald’s stock traded up $0.53 on Friday, reaching $193.61. The stock had a trading volume of 3,457,071 shares, compared to its average volume of 3,371,192. The company has a 50 day moving average price of $204.71 and a 200 day moving average price of $207.29. Mcdonald’s Corp has a 1 year low of $169.04 and a 1 year high of $221.93. The stock has a market capitalization of $144.73 billion, a P/E ratio of 24.51, a P/E/G ratio of 3.04 and a beta of 0.48.

Mcdonald’s (NYSE:MCD) last issued its quarterly earnings data on Tuesday, October 22nd. The fast-food giant reported $2.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.10). Mcdonald’s had a negative return on equity of 85.71% and a net margin of 28.09%. The firm had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $5.47 billion. During the same period in the previous year, the firm earned $2.10 EPS. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. As a group, equities research analysts anticipate that Mcdonald’s Corp will post 7.87 earnings per share for the current 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 given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.58%. The ex-dividend date is Friday, November 29th. This is an increase from Mcdonald’s’s previous quarterly dividend of $1.16. Mcdonald’s’s payout ratio is currently 58.73%.

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

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