Mcdonald’s Corp (MCD) Stake Lowered by Keybank National Association OH

Keybank National Association OH decreased its position in Mcdonald’s Corp (NYSE:MCD) by 0.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 679,922 shares of the fast-food giant’s stock after selling 5,345 shares during the quarter. Keybank National Association OH owned approximately 0.09% of Mcdonald’s worth $113,745,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Main Street Research LLC boosted its stake in Mcdonald’s by 1.0% during the third quarter. Main Street Research LLC now owns 30,944 shares of the fast-food giant’s stock worth $5,177,000 after buying an additional 299 shares in the last quarter. Howard Capital Management boosted its stake in shares of Mcdonald’s by 1.7% in the 3rd quarter. Howard Capital Management now owns 18,127 shares of the fast-food giant’s stock valued at $3,032,000 after purchasing an additional 300 shares in the last quarter. Palisade Asset Management LLC boosted its stake in shares of Mcdonald’s by 0.4% in the 3rd quarter. Palisade Asset Management LLC now owns 75,193 shares of the fast-food giant’s stock valued at $12,579,000 after purchasing an additional 300 shares in the last quarter. Gilman Hill Asset Management LLC boosted its stake in shares of Mcdonald’s by 13.4% in the 3rd quarter. Gilman Hill Asset Management LLC now owns 2,531 shares of the fast-food giant’s stock valued at $423,000 after purchasing an additional 300 shares in the last quarter. Finally, Parsec Financial Management Inc. boosted its stake in shares of Mcdonald’s by 8.3% in the 3rd quarter. Parsec Financial Management Inc. now owns 3,933 shares of the fast-food giant’s stock valued at $658,000 after purchasing an additional 300 shares in the last quarter. 66.25% of the stock is currently owned by institutional investors.

MCD has been the topic of several recent analyst reports. Morningstar set a $190.00 target price on shares of Mcdonald’s and gave the company a “neutral” rating in a research note on Wednesday, October 24th. Royal Bank of Canada reiterated a “buy” rating and set a $175.00 price target on shares of Mcdonald’s in a research report on Thursday, September 27th. Stephens upped their price target on shares of Mcdonald’s to $170.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 24th. ValuEngine upgraded shares of Mcdonald’s from a “hold” rating to a “buy” rating in a research report on Thursday, October 11th. Finally, Goldman Sachs Group reiterated a “buy” rating and set a $195.00 price target on shares of Mcdonald’s in a research report on Friday, October 26th. Eight research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. Mcdonald’s currently has a consensus rating of “Buy” and a consensus target price of $189.79.

In other Mcdonald’s news, insider Ian Frederick Borden sold 4,782 shares of the business’s stock in a transaction dated Thursday, October 25th. The stock was sold at an average price of $177.68, for a total transaction of $849,665.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Stephen Easterbrook sold 201,123 shares of the business’s stock in a transaction dated Wednesday, October 24th. The stock was sold at an average price of $175.63, for a total value of $35,323,232.49. Following the sale, the chief executive officer now directly owns 48,925 shares of the company’s stock, valued at $8,592,697.75. The disclosure for this sale can be found here. Insiders have sold a total of 221,041 shares of company stock valued at $38,839,407 over the last three months. Company insiders own 0.22% of the company’s stock.

Shares of NYSE:MCD opened at $181.93 on Friday. The stock has a market cap of $140.25 billion, a price-to-earnings ratio of 23.97, a PEG ratio of 2.67 and a beta of 0.53. Mcdonald’s Corp has a 1-year low of $146.84 and a 1-year high of $188.90.

Mcdonald’s (NYSE:MCD) last announced its quarterly earnings data on Tuesday, October 23rd. The fast-food giant reported $2.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.99 by $0.11. The firm had revenue of $5.37 billion during the quarter, compared to analysts’ expectations of $5.28 billion. Mcdonald’s had a negative return on equity of 116.43% and a net margin of 24.56%. The company’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.76 EPS. On average, equities analysts anticipate that Mcdonald’s Corp will post 7.76 earnings per share for the current fiscal year.

The company also recently disclosed 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. This is a boost from Mcdonald’s’s previous quarterly dividend of $1.01. This represents a $4.64 annualized dividend and a yield of 2.55%. The ex-dividend date is Friday, November 30th. Mcdonald’s’s payout ratio is currently 60.66%.

COPYRIGHT VIOLATION NOTICE: This report was posted by WKRB News and is the property of of WKRB News. If you are reading this report on another publication, it was illegally stolen and republished in violation of US and international trademark & copyright law. The original version of this report can be accessed at https://www.wkrb13.com/2018/11/25/mcdonalds-corp-mcd-stake-lowered-by-keybank-national-association-oh.html.

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, 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.

Recommended Story: What is the S&P 500 Index?

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

Receive News & Ratings for Mcdonald's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mcdonald's and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply