Dynamic Technology Lab Private Ltd Has $539,000 Stake in McDonald’s Corporation (MCD)
Dynamic Technology Lab Private Ltd increased its stake in McDonald’s Corporation (NYSE:MCD) by 99.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,516 shares of the fast-food giant’s stock after acquiring an additional 1,757 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in McDonald’s were worth $539,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in MCD. Proficio Capital Partners LLC increased its position in shares of McDonald’s by 87.8% during the first quarter. Proficio Capital Partners LLC now owns 740 shares of the fast-food giant’s stock worth $111,000 after purchasing an additional 346 shares in the last quarter. Acrospire Investment Management LLC acquired a new stake in shares of McDonald’s during the second quarter worth about $153,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of McDonald’s during the second quarter worth about $162,000. QCI Asset Management Inc. NY increased its position in shares of McDonald’s by 22.4% during the second quarter. QCI Asset Management Inc. NY now owns 1,094 shares of the fast-food giant’s stock worth $168,000 after purchasing an additional 200 shares in the last quarter. Finally, AlphaMark Advisors LLC increased its position in shares of McDonald’s by 0.4% during the second quarter. AlphaMark Advisors LLC now owns 1,288 shares of the fast-food giant’s stock worth $197,000 after purchasing an additional 5 shares in the last quarter. Institutional investors and hedge funds own 67.40% of the company’s stock.
In other McDonald’s news, insider Stephen Easterbrook sold 171,577 shares of the business’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $168.32, for a total value of $28,879,840.64. Following the completion of the transaction, the insider now directly owns 49,778 shares in the company, valued at approximately $8,378,632.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP James R. Sappington sold 8,046 shares of the business’s stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $165.00, for a total value of $1,327,590.00. Following the completion of the transaction, the vice president now owns 15,739 shares of the company’s stock, valued at $2,596,935. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.
A number of research firms have recently commented on MCD. Piper Jaffray Companies lifted their target price on McDonald’s from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday. Goldman Sachs Group set a $180.00 target price on McDonald’s and gave the stock a “buy” rating in a research report on Tuesday. Barclays set a $193.00 target price on McDonald’s and gave the stock a “buy” rating in a research report on Friday, December 8th. Jefferies Group raised McDonald’s from a “hold” rating to a “buy” rating and raised their price target for the stock from $150.00 to $200.00 in a report on Tuesday, December 5th. Finally, ValuEngine lowered McDonald’s from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Ten research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. McDonald’s currently has an average rating of “Buy” and an average price target of $175.05.
Shares of McDonald’s Corporation (NYSE:MCD) traded up $1.32 on Thursday, reaching $173.55. The company’s stock had a trading volume of 2,554,000 shares, compared to its average volume of 3,450,031. The company has a debt-to-equity ratio of -8.17, a current ratio of 1.28 and a quick ratio of 1.27. The firm has a market cap of $137,299.28, a P/E ratio of 26.91, a PEG ratio of 2.82 and a beta of 0.67. McDonald’s Corporation has a 52 week low of $118.18 and a 52 week high of $174.44.
McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.75 by $0.01. The company had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.75 billion. McDonald’s had a negative return on equity of 216.45% and a net margin of 24.19%. McDonald’s’s revenue was down 10.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.62 EPS. research analysts anticipate that McDonald’s Corporation will post 6.53 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a $1.01 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This is an increase from McDonald’s’s previous quarterly dividend of $0.94. This represents a $4.04 annualized dividend and a yield of 2.33%. McDonald’s’s payout ratio is 58.30%.
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McDonald’s Company Profile
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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