WealthTrust Fairport LLC boosted its stake in shares of Mcdonald’s Corp (NYSE:MCD) by 68.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,925 shares of the fast-food giant’s stock after acquiring an additional 783 shares during the quarter. WealthTrust Fairport LLC’s holdings in Mcdonald’s were worth $322,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in MCD. Fundsmith Equity Fund L.P. acquired a new stake in shares of Mcdonald’s in the second quarter valued at $1,191,239,000. AustralianSuper Pty Ltd acquired a new stake in shares of Mcdonald’s in the second quarter valued at $179,723,000. FMR LLC increased its stake in shares of Mcdonald’s by 5.5% in the second quarter. FMR LLC now owns 19,483,955 shares of the fast-food giant’s stock valued at $3,052,941,000 after buying an additional 1,014,792 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its stake in shares of Mcdonald’s by 30.3% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,808,550 shares of the fast-food giant’s stock valued at $440,072,000 after buying an additional 652,752 shares in the last quarter. Finally, Morgan Stanley increased its stake in shares of Mcdonald’s by 9.6% in the second quarter. Morgan Stanley now owns 5,947,311 shares of the fast-food giant’s stock valued at $931,884,000 after buying an additional 522,333 shares in the last quarter. Hedge funds and other institutional investors own 66.92% of the company’s stock.
A number of analysts have recently weighed in on the company. Goldman Sachs Group raised their target price on Mcdonald’s from $179.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, September 11th. Royal Bank of Canada set a $190.00 price target on Mcdonald’s and gave the company a “buy” rating in a report on Wednesday, October 24th. Gordon Haskett assumed coverage on Mcdonald’s in a report on Thursday, October 18th. They issued a “buy” rating and a $185.00 price target on the stock. SunTrust Banks raised their price target on Mcdonald’s to $200.00 and gave the company a “buy” rating in a report on Wednesday, October 24th. Finally, Imperial Capital decreased their price target on Mcdonald’s from $190.00 to $175.00 and set an “outperform” rating on the stock in a report on Friday, July 27th. Seven research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. Mcdonald’s has an average rating of “Buy” and an average target price of $188.93.
Mcdonald’s (NYSE:MCD) last issued its earnings results on Tuesday, October 23rd. The fast-food giant reported $2.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 analysts’ expectations of $5.28 billion. During the same quarter last year, the business earned $1.76 earnings per share. The company’s revenue was down 6.7% compared to the same quarter last year. On average, sell-side analysts expect that Mcdonald’s Corp will post 7.75 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 3rd will be issued a dividend of $1.16 per share. The ex-dividend date is Friday, November 30th. This represents a $4.64 dividend on an annualized basis and a yield of 2.52%. This is a boost from Mcdonald’s’s previous quarterly dividend of $1.01. Mcdonald’s’s dividend payout ratio (DPR) is 60.66%.
In other news, CEO Stephen Easterbrook sold 201,123 shares of the firm’s stock in a transaction dated Wednesday, October 24th. The stock was sold at an average price of $175.63, for a total transaction of $35,323,232.49. Following the sale, the chief executive officer now owns 48,925 shares of the company’s stock, valued at $8,592,697.75. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Ian Frederick Borden sold 4,782 shares of the firm’s stock in a transaction dated Thursday, October 25th. The stock was 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. In the last 90 days, insiders have sold 221,041 shares of company stock worth $38,839,407. Company insiders own 0.22% of the company’s stock.
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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