Mcdonald’s Corp (MCD) Shares Bought by Zurich Insurance Group Ltd FI

Zurich Insurance Group Ltd FI grew its position in Mcdonald’s Corp (NYSE:MCD) by 10.5% in the second quarter, Holdings Channel reports. The fund owned 143,856 shares of the fast-food giant’s stock after buying an additional 13,671 shares during the quarter. Zurich Insurance Group Ltd FI’s holdings in Mcdonald’s were worth $22,541,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Cordasco Financial Network increased its holdings in shares of Mcdonald’s by 31.5% in the second quarter. Cordasco Financial Network now owns 1,315 shares of the fast-food giant’s stock valued at $206,000 after purchasing an additional 315 shares in the last quarter. Boulegeris Investments Inc. increased its holdings in shares of Mcdonald’s by 5.4% in the second quarter. Boulegeris Investments Inc. now owns 6,145 shares of the fast-food giant’s stock valued at $963,000 after purchasing an additional 317 shares in the last quarter. Winthrop Advisory Group LLC increased its holdings in shares of Mcdonald’s by 24.2% in the first quarter. Winthrop Advisory Group LLC now owns 1,642 shares of the fast-food giant’s stock valued at $258,000 after purchasing an additional 320 shares in the last quarter. Alerus Financial NA increased its holdings in shares of Mcdonald’s by 1.6% in the first quarter. Alerus Financial NA now owns 20,065 shares of the fast-food giant’s stock valued at $3,138,000 after purchasing an additional 321 shares in the last quarter. Finally, Fort Pitt Capital Group LLC increased its holdings in shares of Mcdonald’s by 22.7% in the second quarter. Fort Pitt Capital Group LLC now owns 1,753 shares of the fast-food giant’s stock valued at $275,000 after purchasing an additional 324 shares in the last quarter. Institutional investors own 66.99% of the company’s stock.

MCD has been the subject of a number of research reports. Royal Bank of Canada reissued a “buy” rating and issued a $175.00 price target on shares of Mcdonald’s in a report on Friday, May 25th. Nomura raised shares of Mcdonald’s from a “neutral” rating to a “buy” rating and set a $191.00 price target for the company in a report on Thursday, June 7th. Citigroup raised their price target on shares of Mcdonald’s from $176.00 to $178.00 and gave the company a “neutral” rating in a report on Thursday, June 14th. Wells Fargo & Co reissued a “buy” rating and issued a $185.00 price target on shares of Mcdonald’s in a report on Thursday, June 21st. Finally, Cleveland Research lowered shares of Mcdonald’s from a “buy” rating to a “hold” rating in a report on Wednesday, July 11th. Nine investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $182.29.

MCD opened at $160.84 on Friday. The company has a debt-to-equity ratio of -5.24, a current ratio of 1.47 and a quick ratio of 1.45. Mcdonald’s Corp has a 52 week low of $146.84 and a 52 week high of $178.70. The firm has a market cap of $127.81 billion, a price-to-earnings ratio of 22.72, a price-to-earnings-growth ratio of 2.45 and a beta of 0.66.

Mcdonald’s (NYSE:MCD) last released its earnings results on Thursday, July 26th. The fast-food giant reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.92 by $0.07. Mcdonald’s had a net margin of 25.26% and a negative return on equity of 133.89%. The firm had revenue of $5.35 billion during the quarter, compared to analyst estimates of $5.32 billion. During the same quarter in the previous year, the business earned $1.73 EPS. The business’s quarterly revenue was down 11.5% compared to the same quarter last year. equities analysts expect that Mcdonald’s Corp will post 7.65 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 18th. Stockholders of record on Tuesday, September 4th will be issued a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 2.51%. The ex-dividend date is Friday, August 31st. Mcdonald’s’s dividend payout ratio (DPR) is 60.66%.

About Mcdonald’s

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

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