5,363 Shares in McDonald’s Corporation (MCD) Acquired by MEMBERS Trust Co
MEMBERS Trust Co purchased a new stake in shares of McDonald’s Corporation (NYSE:MCD) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,363 shares of the fast-food giant’s stock, valued at approximately $695,000.
A number of other institutional investors have also recently modified their holdings of MCD. Willis Investment Counsel boosted its stake in McDonald’s Corporation by 6.1% in the fourth quarter. Willis Investment Counsel now owns 172,498 shares of the fast-food giant’s stock valued at $20,996,000 after buying an additional 9,900 shares during the period. Thomas J. Herzfeld Advisors Inc. bought a new stake in McDonald’s Corporation during the fourth quarter valued at about $131,000. Miles Capital Inc. bought a new stake in McDonald’s Corporation during the fourth quarter valued at about $217,000. AE Wealth Management LLC bought a new stake in McDonald’s Corporation during the fourth quarter valued at about $1,100,000. Finally, Assenagon Asset Management S.A. bought a new stake in McDonald’s Corporation during the fourth quarter valued at about $5,605,000. Institutional investors own 67.52% of the company’s stock.
McDonald’s Corporation (NYSE MCD) traded up 0.707% on Thursday, reaching $156.015. 615,237 shares of the company’s stock were exchanged. The stock has a market capitalization of $127.16 billion, a P/E ratio of 25.539 and a beta of 0.70. The firm’s 50 day moving average is $154.69 and its 200 day moving average is $140.24. McDonald’s Corporation has a 1-year low of $110.33 and a 1-year high of $159.98.
McDonald’s Corporation (NYSE:MCD) last announced its quarterly earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.62 by $0.08. The business had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.96 billion. McDonald’s Corporation had a negative return on equity of 266.50% and a net margin of 21.00%. The firm’s revenue was down 3.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.45 EPS. Analysts expect that McDonald’s Corporation will post $6.55 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, September 1st will be issued a dividend of $0.94 per share. The ex-dividend date is Wednesday, August 30th. This represents a $3.76 annualized dividend and a dividend yield of 2.43%. McDonald’s Corporation’s dividend payout ratio is 61.54%.
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MCD has been the subject of several research reports. Royal Bank Of Canada set a $170.00 price objective on shares of McDonald’s Corporation and gave the company a “buy” rating in a research report on Thursday, June 22nd. Zacks Investment Research raised shares of McDonald’s Corporation from a “hold” rating to a “buy” rating and set a $172.00 price target for the company in a research report on Tuesday, June 27th. Deutsche Bank AG upped their price target on shares of McDonald’s Corporation from $155.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, July 10th. Vetr raised shares of McDonald’s Corporation from a “sell” rating to a “buy” rating and set a $145.38 price target for the company in a research report on Tuesday, April 18th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $157.00 price target (up previously from $137.00) on shares of McDonald’s Corporation in a research report on Saturday, April 29th. Thirteen investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $162.16.
In other news, insider Douglas M. Goare sold 17,286 shares of McDonald’s Corporation stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $158.50, for a total transaction of $2,739,831.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Jerome N. Krulewitch sold 11,755 shares of McDonald’s Corporation stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $158.38, for a total value of $1,861,756.90. Following the sale, the executive vice president now owns 11,755 shares of the company’s stock, valued at $1,861,756.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 54,363 shares of company stock valued at $8,615,125. 0.24% of the stock is owned by corporate insiders.
About McDonald’s Corporation
McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.
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