Mcdonald’s Corp (NYSE:MCD) Stock Position Increased by Golub Group LLC

Golub Group LLC boosted its position in Mcdonald’s Corp (NYSE:MCD) by 4.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,367 shares of the fast-food giant’s stock after purchasing an additional 526 shares during the quarter. Golub Group LLC’s holdings in Mcdonald’s were worth $2,655,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Krane Funds Advisors LLC acquired a new position in Mcdonald’s during the 2nd quarter valued at about $25,000. Litman Gregory Asset Management LLC acquired a new position in Mcdonald’s during the 2nd quarter valued at about $27,000. Atlas Capital Advisors LLC increased its stake in Mcdonald’s by 330.3% during the 2nd quarter. Atlas Capital Advisors LLC now owns 142 shares of the fast-food giant’s stock valued at $29,000 after buying an additional 109 shares during the period. Garrett Wealth Advisory Group LLC acquired a new position in Mcdonald’s during the 3rd quarter valued at about $30,000. Finally, Westside Investment Management Inc. acquired a new position in Mcdonald’s during the 2nd quarter valued at about $34,000. Hedge funds and other institutional investors own 67.91% of the company’s stock.

In related news, Director John J. Mulligan bought 1,300 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were acquired at an average price of $193.46 per share, with a total value of $251,498.00. Following the completion of the transaction, the director now owns 2,900 shares of the company’s stock, valued at approximately $561,034. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Christopher J. Kempczinski bought 2,580 shares of the company’s stock in a transaction that occurred 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 directly owns 2,580 shares of the company’s stock, valued at approximately $500,029.80. The disclosure for this purchase can be found here. Insiders own 0.25% of the company’s stock.

Several research firms have commented on MCD. Robert W. Baird lowered their target price on shares of Mcdonald’s from $230.00 to $225.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 22nd. Credit Suisse Group lowered their target price on shares of Mcdonald’s from $236.00 to $230.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. KeyCorp lowered their price objective on shares of Mcdonald’s from $235.00 to $225.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 23rd. Citigroup lowered their price objective on shares of Mcdonald’s from $221.00 to $216.00 and set a “neutral” rating on the stock in a research note on Monday, November 4th. Finally, Wells Fargo & Co lowered their price objective on shares of Mcdonald’s from $235.00 to $222.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Eight equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. Mcdonald’s has an average rating of “Buy” and an average target price of $222.96.

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 business’s 50-day moving average price is $204.71 and its two-hundred day moving average price is $207.29. Mcdonald’s Corp has a fifty-two week low of $169.04 and a fifty-two week high of $221.93. The stock has a market cap of $144.73 billion, a P/E ratio of 24.51, a price-to-earnings-growth ratio of 3.04 and a beta of 0.48.

Mcdonald’s (NYSE:MCD) last announced its earnings results on Tuesday, October 22nd. The fast-food giant reported $2.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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 company had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.47 billion. During the same period last year, the firm posted $2.10 EPS. The company’s revenue was up 1.1% compared to the same quarter last year. On average, sell-side analysts forecast 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. Investors of record on Monday, December 2nd will be given a dividend of $1.25 per share. The ex-dividend date is Friday, November 29th. This represents a $5.00 dividend on an annualized basis and a yield of 2.58%. This is a positive change from Mcdonald’s’s previous quarterly dividend of $1.16. Mcdonald’s’s payout ratio is 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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