Eagle Asset Management Inc. lowered its position in Mcdonald’s Corp (NYSE:MCD) by 2.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 511,778 shares of the fast-food giant’s stock after selling 13,414 shares during the quarter. Eagle Asset Management Inc. owned 0.07% of Mcdonald’s worth $80,190,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in MCD. Greenleaf Trust boosted its holdings in Mcdonald’s by 80.1% in the second quarter. Greenleaf Trust now owns 9,862 shares of the fast-food giant’s stock valued at $1,545,000 after acquiring an additional 4,386 shares during the last quarter. Roffman Miller Associates Inc. PA boosted its holdings in Mcdonald’s by 1.3% in the second quarter. Roffman Miller Associates Inc. PA now owns 150,316 shares of the fast-food giant’s stock valued at $23,553,000 after acquiring an additional 1,892 shares during the last quarter. IFP Advisors Inc boosted its holdings in Mcdonald’s by 1.7% in the second quarter. IFP Advisors Inc now owns 46,618 shares of the fast-food giant’s stock valued at $7,305,000 after acquiring an additional 757 shares during the last quarter. Quad Cities Investment Group LLC bought a new stake in Mcdonald’s in the second quarter valued at approximately $110,000. Finally, Highland Private Wealth Management bought a new stake in Mcdonald’s in the second quarter valued at approximately $361,000. 67.92% of the stock is owned by institutional investors.

Shares of NYSE:MCD opened at $161.68 on Tuesday. The company has a current ratio of 1.47, a quick ratio of 1.45 and a debt-to-equity ratio of -5.24. Mcdonald’s Corp has a twelve month low of $146.84 and a twelve month high of $178.70. The company has a market cap of $123.10 billion, a PE ratio of 24.28, a PEG ratio of 2.35 and a beta of 0.67.

Mcdonald’s (NYSE:MCD) last issued its earnings results on Thursday, July 26th. The fast-food giant reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates of $1.92 by $0.07. Mcdonald’s had a negative return on equity of 133.89% and a net margin of 25.26%. The company had revenue of $5.35 billion for the quarter, compared to analyst estimates of $5.32 billion. During the same period in the prior year, the firm earned $1.73 earnings per share. Mcdonald’s’s revenue for the quarter was down 11.5% on a year-over-year basis. equities analysts predict that Mcdonald’s Corp will post 7.65 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 18th. Stockholders of record on Tuesday, September 4th will be given a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date is Friday, August 31st. Mcdonald’s’s payout ratio is 60.66%.

Several brokerages recently commented on MCD. Barclays set a $194.00 target price on Mcdonald’s and gave the company a “buy” rating in a report on Monday. Stifel Nicolaus set a $168.00 target price on Mcdonald’s and gave the company a “neutral” rating in a report on Monday. Royal Bank of Canada reiterated a “buy” rating and issued a $175.00 target price on shares of Mcdonald’s in a report on Thursday, August 16th. Citigroup reduced their target price on Mcdonald’s from $178.00 to $171.00 and set a “neutral” rating on the stock in a report on Wednesday, August 15th. Finally, Wells Fargo & Co increased their price target on Mcdonald’s from $180.00 to $185.00 and gave the stock an “outperform” rating in a report on Wednesday, August 8th. Nine investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $181.57.

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, 2017, the company operated 37,241 restaurants, including 34,108 franchised restaurants comprising 21,366 franchised to conventional franchisees, 6,945 licensed to developmental licensees, and 5,797 licensed to foreign affiliates; and 3,133 company-operated restaurants.

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Institutional Ownership by Quarter for Mcdonald`s (NYSE:MCD)

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