Mcdonald’s Corp (NYSE:MCD) is Altman Advisors Inc.’s 10th Largest Position

Altman Advisors Inc. lessened its holdings in shares of Mcdonald’s Corp (NYSE:MCD) by 1.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,580 shares of the fast-food giant’s stock after selling 142 shares during the period. Mcdonald’s accounts for approximately 2.3% of Altman Advisors Inc.’s investment portfolio, making the stock its 10th biggest position. Altman Advisors Inc.’s holdings in Mcdonald’s were worth $2,701,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Cerebellum GP LLC grew its stake in Mcdonald’s by 17.1% during the 3rd quarter. Cerebellum GP LLC now owns 2,040 shares of the fast-food giant’s stock valued at $438,000 after acquiring an additional 298 shares in the last quarter. Polaris Greystone Financial Group LLC grew its stake in Mcdonald’s by 1.2% during the 3rd quarter. Polaris Greystone Financial Group LLC now owns 109,862 shares of the fast-food giant’s stock valued at $22,661,000 after acquiring an additional 1,294 shares in the last quarter. Summit Financial Group Inc. grew its stake in Mcdonald’s by 3.4% during the 3rd quarter. Summit Financial Group Inc. now owns 2,919 shares of the fast-food giant’s stock valued at $627,000 after acquiring an additional 96 shares in the last quarter. TRUE Private Wealth Advisors grew its stake in Mcdonald’s by 3.7% during the 3rd quarter. TRUE Private Wealth Advisors now owns 2,657 shares of the fast-food giant’s stock valued at $570,000 after acquiring an additional 96 shares in the last quarter. Finally, Pacific Wealth Strategies Group Inc. grew its stake in Mcdonald’s by 53.5% during the 3rd quarter. Pacific Wealth Strategies Group Inc. now owns 2,446 shares of the fast-food giant’s stock valued at $525,000 after acquiring an additional 852 shares in the last quarter. 67.60% of the stock is owned by institutional investors.

Shares of MCD stock traded up $1.74 during trading hours on Wednesday, hitting $212.85. The company had a trading volume of 159,482 shares, compared to its average volume of 3,114,504. The company’s fifty day moving average is $214.05 and its 200 day moving average is $205.63. Mcdonald’s Corp has a fifty-two week low of $161.82 and a fifty-two week high of $221.93. The stock has a market capitalization of $160.77 billion, a PE ratio of 26.96, a price-to-earnings-growth ratio of 3.14 and a beta of 0.49.

Mcdonald’s (NYSE:MCD) last issued its quarterly earnings data on Friday, July 26th. The fast-food giant reported $2.05 EPS for the quarter, missing the consensus estimate of $2.06 by ($0.01). Mcdonald’s had a negative return on equity of 92.02% and a net margin of 28.32%. The company had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.34 billion. During the same quarter in the prior year, the company posted $1.99 earnings per share. The business’s revenue was down .2% compared to the same quarter last year. Equities research analysts expect that Mcdonald’s Corp will post 8.01 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a $1.25 dividend. This is a positive change from Mcdonald’s’s previous quarterly dividend of $1.16. This represents a $5.00 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend is Friday, November 29th. Mcdonald’s’s dividend payout ratio is currently 58.73%.

In other news, VP Catherine A. Hoovel sold 457 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $218.15, for a total value of $99,694.55. Following the transaction, the vice president now directly owns 1,348 shares in the company, valued at approximately $294,066.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Silvia Lagnado sold 26,649 shares of the company’s stock in a transaction that occurred 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 $8,530,622.82. The disclosure for this sale can be found here. Corporate insiders own 0.25% of the company’s stock.

Several analysts recently issued reports on MCD shares. BTIG Research upped their price objective on shares of Mcdonald’s from $220.00 to $240.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. BMO Capital Markets upped their price objective on shares of Mcdonald’s to $230.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Cleveland Research reaffirmed a “hold” rating on shares of Mcdonald’s in a research note on Friday, July 12th. Sanford C. Bernstein reiterated a “buy” rating on shares of Mcdonald’s in a report on Friday, July 26th. Finally, Stifel Nicolaus boosted their target price on shares of Mcdonald’s from $200.00 to $210.00 and gave the company a “hold” rating in a report on Monday, July 29th. Nine analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $221.19.

Mcdonald’s Company 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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