Hubbell Strickland Wealth Management LLC Makes New Investment in Mcdonald’s Corp (NYSE:MCD)

Hubbell Strickland Wealth Management LLC purchased a new position in shares of Mcdonald’s Corp (NYSE:MCD) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,399 shares of the fast-food giant’s stock, valued at approximately $300,000.

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

MCD has been the topic of a number of research analyst reports. Jefferies Financial Group boosted their price target on Mcdonald’s from $225.00 to $230.00 and gave the company a “buy” rating in a report on Friday, June 28th. Robert W. Baird boosted their price target on Mcdonald’s from $225.00 to $230.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Mizuho boosted their price target on Mcdonald’s from $215.00 to $230.00 and gave the company a “buy” rating in a report on Monday, July 29th. Goldman Sachs Group initiated coverage on Mcdonald’s in a report on Monday, July 29th. They set a “buy” rating and a $250.00 price target on the stock. Finally, Cleveland Research restated a “hold” rating on shares of Mcdonald’s in a report on Friday, July 12th. Nine research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. Mcdonald’s currently has a consensus rating of “Buy” and a consensus price target of $223.17.

MCD stock traded down $7.20 during midday trading on Tuesday, hitting $202.65. The company’s stock had a trading volume of 2,893,762 shares, compared to its average volume of 3,113,007. The company has a market cap of $158.34 billion, a PE ratio of 25.65, a P/E/G ratio of 3.10 and a beta of 0.49. Mcdonald’s Corp has a 12 month low of $166.19 and a 12 month high of $221.93. The firm’s 50-day moving average is $211.90 and its 200-day moving average is $207.02.

Mcdonald’s (NYSE:MCD) last released its quarterly earnings data on Tuesday, October 22nd. The fast-food giant reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.22 by ($0.11). The business had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.47 billion. Mcdonald’s had a net margin of 28.32% and a negative return on equity of 92.02%. The business’s revenue was up 1.1% compared to the same quarter last year. During the same period last year, the company posted $2.10 earnings per share. On average, equities analysts predict that Mcdonald’s Corp will post 7.99 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.47%. This is a boost from Mcdonald’s’s previous quarterly dividend of $1.16. The ex-dividend date is Friday, November 29th. Mcdonald’s’s dividend payout ratio is presently 58.73%.

In other news, VP Catherine A. Hoovel sold 457 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $218.15, for a total transaction of $99,694.55. Following the transaction, the vice president now directly owns 1,348 shares of the company’s stock, valued at approximately $294,066.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Silvia Lagnado sold 26,649 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $212.58, for a total value of $5,665,044.42. Following the transaction, the executive vice president now directly owns 40,129 shares in the company, valued at $8,530,622.82. The disclosure for this sale can be found here. 0.25% of the stock is owned by corporate insiders.

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.

Featured Story: What is a put option?

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.