Two Sigma Advisers LP grew its stake in shares of Mcdonald’s Corp (NYSE:MCD) by 40.6% during the second quarter, Holdings Channel reports. The institutional investor owned 644,647 shares of the fast-food giant’s stock after buying an additional 186,181 shares during the period. Two Sigma Advisers LP’s holdings in Mcdonald’s were worth $118,918,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently bought and sold shares of MCD. Wellington Management Group LLP lifted its position in shares of Mcdonald’s by 45.1% during the 1st quarter. Wellington Management Group LLP now owns 30,036,309 shares of the fast-food giant’s stock valued at $4,966,504,000 after buying an additional 9,342,704 shares in the last quarter. Magellan Asset Management Ltd grew its position in Mcdonald’s by 62.3% in the 1st quarter. Magellan Asset Management Ltd now owns 5,690,799 shares of the fast-food giant’s stock valued at $940,974,000 after acquiring an additional 2,184,908 shares during the last quarter. Advisor Group Holdings Inc. bought a new position in Mcdonald’s in the 1st quarter valued at $54,127,000. Charles Schwab Investment Management Inc. grew its position in shares of Mcdonald’s by 33.8% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 4,529,724 shares of the fast-food giant’s stock worth $835,598,000 after buying an additional 1,144,343 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Mcdonald’s by 15.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 8,308,005 shares of the fast-food giant’s stock worth $1,532,576,000 after buying an additional 1,096,425 shares in the last quarter. 66.07% of the stock is currently owned by hedge funds and other institutional investors.
MCD has been the subject of a number of analyst reports. MKM Partners restated a “buy” rating and set a $210.00 price objective on shares of Mcdonald’s in a research note on Monday, June 15th. KeyCorp increased their price target on Mcdonald’s from $215.00 to $225.00 and gave the company an “overweight” rating in a research note on Tuesday, August 18th. TheStreet cut Mcdonald’s from a “b-” rating to a “c” rating in a research note on Friday, August 28th. Morgan Stanley increased their price target on Mcdonald’s from $207.00 to $208.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 29th. Finally, UBS Group increased their price target on Mcdonald’s from $215.00 to $230.00 and gave the company a “neutral” rating in a research note on Monday. Nine investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Mcdonald’s currently has a consensus rating of “Buy” and an average price target of $212.80.
Mcdonald’s (NYSE:MCD) last issued its quarterly earnings data on Tuesday, July 28th. The fast-food giant reported $0.66 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.10). Mcdonald’s had a net margin of 24.78% and a negative return on equity of 52.78%. The business had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.73 billion. During the same period in the previous year, the business posted $2.05 earnings per share. The firm’s revenue for the quarter was down 29.6% on a year-over-year basis. Equities research analysts forecast that Mcdonald’s Corp will post 5.85 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were issued a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.22%. The ex-dividend date was Monday, August 31st. Mcdonald’s’s payout ratio is currently 63.78%.
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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