Factory Mutual Insurance Co. Increases Position in Mcdonald’s Corp (NYSE:MCD)

Factory Mutual Insurance Co. grew its holdings in Mcdonald’s Corp (NYSE:MCD) by 0.7% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 253,300 shares of the fast-food giant’s stock after buying an additional 1,800 shares during the period. Factory Mutual Insurance Co.’s holdings in Mcdonald’s were worth $54,386,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in MCD. Nuveen Asset Management LLC increased its stake in shares of Mcdonald’s by 2,674.7% during the second quarter. Nuveen Asset Management LLC now owns 5,707,504 shares of the fast-food giant’s stock worth $1,185,221,000 after acquiring an additional 5,501,809 shares during the period. Thoroughbred Financial Services LLC grew its position in Mcdonald’s by 21,724.4% during the second quarter. Thoroughbred Financial Services LLC now owns 3,151,660 shares of the fast-food giant’s stock worth $315,166,000 after buying an additional 3,137,219 shares during the period. Price T Rowe Associates Inc. MD grew its position in Mcdonald’s by 11.0% during the second quarter. Price T Rowe Associates Inc. MD now owns 16,562,216 shares of the fast-food giant’s stock worth $3,439,309,000 after buying an additional 1,640,747 shares during the period. Vanguard Group Inc. grew its position in Mcdonald’s by 1.3% during the second quarter. Vanguard Group Inc. now owns 66,926,245 shares of the fast-food giant’s stock worth $13,897,903,000 after buying an additional 857,084 shares during the period. Finally, BlackRock Inc. grew its position in Mcdonald’s by 1.1% during the second quarter. BlackRock Inc. now owns 50,805,829 shares of the fast-food giant’s stock worth $10,550,339,000 after buying an additional 545,903 shares during the period. 67.65% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently commented on MCD. BMO Capital Markets increased their price target on shares of Mcdonald’s to $230.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Robert W. Baird reiterated an “outperform” rating and issued a $225.00 price target (down from $230.00) on shares of Mcdonald’s in a research report on Tuesday. SunTrust Banks set a $240.00 price target on shares of Mcdonald’s and gave the company a “buy” rating in a research report on Tuesday, August 20th. Sanford C. Bernstein reiterated a “buy” rating on shares of Mcdonald’s in a research report on Friday, July 26th. Finally, Mizuho increased their price target on shares of Mcdonald’s from $215.00 to $230.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Nine analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $223.00.

Shares of MCD traded down $9.43 during trading hours on Tuesday, hitting $200.42. The stock had a trading volume of 6,963,397 shares, compared to its average volume of 3,113,007. The company’s fifty day moving average is $211.90 and its two-hundred day moving average is $207.02. Mcdonald’s Corp has a 52 week low of $166.19 and a 52 week high of $221.93. The stock has a market capitalization of $158.34 billion, a price-to-earnings ratio of 25.37, a P/E/G ratio of 3.10 and a beta of 0.49.

Mcdonald’s (NYSE:MCD) last issued its quarterly earnings results on Tuesday, October 22nd. The fast-food giant reported $2.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.22 by ($0.11). Mcdonald’s had a negative return on equity of 92.02% and a net margin of 28.32%. The company had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.47 billion. During the same quarter last year, the company earned $2.10 EPS. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. On average, analysts anticipate that Mcdonald’s Corp will post 7.99 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a dividend of $1.25 per share. The ex-dividend date is Friday, November 29th. This is an increase from Mcdonald’s’s previous quarterly dividend of $1.16. This represents a $5.00 dividend on an annualized basis and a yield of 2.49%. Mcdonald’s’s dividend payout ratio is presently 58.73%.

In related news, VP Catherine A. Hoovel sold 457 shares of the 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 sale, the vice president now directly owns 1,348 shares in the company, valued at approximately $294,066.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Silvia Lagnado sold 26,649 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $212.58, for a total transaction of $5,665,044.42. Following the completion of the sale, 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.

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, 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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