Aviance Capital Partners LLC cut its holdings in shares of Mcdonald’s Corp (NYSE:MCD) by 5.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,125 shares of the fast-food giant’s stock after selling 197 shares during the period. Aviance Capital Partners LLC’s holdings in Mcdonald’s were worth $649,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the company. Litman Gregory Asset Management LLC purchased a new stake in Mcdonald’s during the 2nd quarter valued at $27,000. Atlas Capital Advisors LLC boosted its position in Mcdonald’s by 330.3% during the 2nd quarter. Atlas Capital Advisors LLC now owns 142 shares of the fast-food giant’s stock valued at $29,000 after buying an additional 109 shares during the period. Westside Investment Management Inc. purchased a new stake in Mcdonald’s during the 2nd quarter valued at $34,000. Canton Hathaway LLC purchased a new stake in Mcdonald’s during the 1st quarter valued at $35,000. Finally, Next Capital Management LLC purchased a new stake in Mcdonald’s during the 2nd quarter valued at $41,000. 67.70% of the stock is owned by institutional investors.
NYSE:MCD traded down $0.22 during trading hours on Friday, hitting $211.93. 79,260 shares of the stock traded hands, compared to its average volume of 2,660,170. Mcdonald’s Corp has a 1 year low of $156.56 and a 1 year high of $221.93. The company has a market cap of $159.24 billion, a price-to-earnings ratio of 26.80, a price-to-earnings-growth ratio of 3.11 and a beta of 0.49. The stock has a 50 day moving average price of $216.70 and a 200 day moving average price of $201.97.
Mcdonald’s (NYSE:MCD) last released its quarterly earnings data 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). The company had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.34 billion. Mcdonald’s had a net margin of 28.32% and a negative return on equity of 92.02%. The company’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.99 EPS. As a group, research analysts forecast 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 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 2.19%. The ex-dividend date of this dividend is Friday, August 30th. Mcdonald’s’s payout ratio is currently 58.73%.
In related news, VP Catherine A. Hoovel sold 457 shares of the business’s stock in a transaction 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 owns 1,348 shares in the company, valued at $294,066.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Silvia Lagnado sold 26,649 shares of the business’s 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 sale, the executive vice president now owns 40,129 shares in the company, valued at approximately $8,530,622.82. The disclosure for this sale can be found here. Company insiders own 0.25% of the company’s stock.
Several equities research analysts have recently commented on the stock. UBS Group raised their target price on shares of Mcdonald’s from $203.00 to $218.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Stephens raised their target price on shares of Mcdonald’s from $220.00 to $230.00 and gave the stock an “overweight” rating in a research report on Monday, July 29th. MKM Partners assumed coverage on shares of Mcdonald’s in a research report on Tuesday, August 13th. They issued a “buy” rating and a $250.00 target price for the company. Morgan Stanley increased their price target on shares of Mcdonald’s from $210.00 to $220.00 and gave the stock an “overweight” rating in a research note on Thursday, July 18th. Finally, SunTrust Banks set a $240.00 price target on shares of Mcdonald’s and gave the stock a “buy” rating in a research note on Tuesday, August 20th. Eight research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. Mcdonald’s currently has a consensus rating of “Buy” and a consensus price target of $220.55.
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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