Strategic Financial Group LLC Has $1.19 Million Position in Mcdonald’s Corp (NYSE:MCD)

Strategic Financial Group LLC increased its position in Mcdonald’s Corp (NYSE:MCD) by 3.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,716 shares of the fast-food giant’s stock after buying an additional 175 shares during the quarter. Strategic Financial Group LLC’s holdings in Mcdonald’s were worth $1,187,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in MCD. First Command Financial Services Inc. boosted its holdings in Mcdonald’s by 2.7% in the second quarter. First Command Financial Services Inc. now owns 1,857 shares of the fast-food giant’s stock valued at $386,000 after acquiring an additional 48 shares during the last quarter. Graves Light Private Wealth Management Inc. boosted its holdings in Mcdonald’s by 1.5% in the second quarter. Graves Light Private Wealth Management Inc. now owns 3,428 shares of the fast-food giant’s stock valued at $712,000 after acquiring an additional 49 shares during the last quarter. Gilman Hill Asset Management LLC boosted its holdings in Mcdonald’s by 2.2% in the second quarter. Gilman Hill Asset Management LLC now owns 2,344 shares of the fast-food giant’s stock valued at $487,000 after acquiring an additional 50 shares during the last quarter. Duncker Streett & Co. Inc. boosted its holdings in Mcdonald’s by 1.9% in the second quarter. Duncker Streett & Co. Inc. now owns 2,698 shares of the fast-food giant’s stock valued at $560,000 after acquiring an additional 50 shares during the last quarter. Finally, Legacy Private Trust Co. boosted its holdings in Mcdonald’s by 1.1% in the second quarter. Legacy Private Trust Co. now owns 4,678 shares of the fast-food giant’s stock valued at $971,000 after acquiring an additional 52 shares during the last quarter. 68.03% of the stock is owned by institutional investors.

In other news, EVP Silvia Lagnado sold 26,649 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $212.58, for a total transaction of $5,665,044.42. Following the completion of the transaction, the executive vice president now owns 40,129 shares in the company, valued at approximately $8,530,622.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ian Frederick Borden sold 4,149 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $199.22, for a total value of $826,563.78. The disclosure for this sale can be found here. Company insiders own 0.25% of the company’s stock.

Shares of Mcdonald’s stock traded up $3.28 during trading hours on Friday, hitting $221.29. 2,411,534 shares of the company’s stock traded hands, compared to its average volume of 2,937,572. Mcdonald’s Corp has a 12-month low of $156.56 and a 12-month high of $219.74. The stock has a market capitalization of $163.46 billion, a PE ratio of 28.01, a price-to-earnings-growth ratio of 3.07 and a beta of 0.49. The stock’s fifty day moving average is $211.53.

Mcdonald’s (NYSE:MCD) last announced its earnings results on Friday, July 26th. The fast-food giant reported $2.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.06 by ($0.01). Mcdonald’s had a net margin of 28.32% and a negative return on equity of 92.99%. The business had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.34 billion. During the same period in the prior year, the business earned $1.99 earnings per share. The company’s revenue for the quarter was down .2% compared to the same quarter last year. Research analysts forecast that Mcdonald’s Corp will post 8 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be given a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 2.10%. The ex-dividend date is Friday, August 30th. Mcdonald’s’s dividend payout ratio is presently 58.73%.

MCD has been the topic of a number of research analyst reports. BTIG Research increased their price target on Mcdonald’s to $220.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Morgan Stanley increased their price target on Mcdonald’s from $210.00 to $220.00 and gave the stock an “overweight” rating in a report on Thursday, July 18th. Wells Fargo & Co increased their price target on Mcdonald’s from $235.00 to $237.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Jefferies Financial Group increased their price target on Mcdonald’s from $225.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, June 28th. Finally, Credit Suisse Group increased their price target on Mcdonald’s from $230.00 to $236.00 and gave the stock an “outperform” rating in a report on Tuesday, July 30th. They noted that the move was a valuation call. Eight analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $219.23.

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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