Fulton Breakefield Broenniman LLC Sells 495 Shares of Mcdonald’s Corp (NYSE:MCD)
Fulton Breakefield Broenniman LLC decreased its stake in Mcdonald’s Corp (NYSE:MCD) by 6.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,748 shares of the fast-food giant’s stock after selling 495 shares during the quarter. Fulton Breakefield Broenniman LLC’s holdings in Mcdonald’s were worth $1,334,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the business. Schroder Investment Management Group boosted its position in Mcdonald’s by 10.3% in the second quarter. Schroder Investment Management Group now owns 768,758 shares of the fast-food giant’s stock valued at $159,638,000 after buying an additional 71,514 shares in the last quarter. Bernardo Wealth Planning LLC raised its stake in shares of Mcdonald’s by 3.0% in the second quarter. Bernardo Wealth Planning LLC now owns 4,588 shares of the fast-food giant’s stock valued at $953,000 after acquiring an additional 132 shares during the last quarter. Lido Advisors LLC boosted its holdings in shares of Mcdonald’s by 1.2% in the 2nd quarter. Lido Advisors LLC now owns 13,035 shares of the fast-food giant’s stock worth $2,706,000 after acquiring an additional 153 shares in the last quarter. National Pension Service boosted its holdings in shares of Mcdonald’s by 4.6% in the 2nd quarter. National Pension Service now owns 838,945 shares of the fast-food giant’s stock worth $174,215,000 after acquiring an additional 36,969 shares in the last quarter. Finally, Holocene Advisors LP boosted its holdings in shares of Mcdonald’s by 12.3% in the 2nd quarter. Holocene Advisors LP now owns 629,525 shares of the fast-food giant’s stock worth $130,727,000 after acquiring an additional 68,919 shares in the last quarter. Hedge funds and other institutional investors own 67.23% of the company’s stock.
MCD has been the subject of a number of recent analyst reports. Wells Fargo & Co dropped their price target on Mcdonald’s from $235.00 to $222.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. MKM Partners reduced their price objective on Mcdonald’s from $240.00 to $225.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Longbow Research raised Mcdonald’s from a “neutral” rating to a “buy” rating and set a $227.00 price objective on the stock in a research note on Friday, November 8th. Royal Bank of Canada started coverage on Mcdonald’s in a report on Monday, December 9th. They set an “outperform” rating and a $218.00 target price on the stock. Finally, JPMorgan Chase & Co. lowered their target price on Mcdonald’s from $230.00 to $215.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. Eight research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. Mcdonald’s presently has a consensus rating of “Buy” and an average target price of $223.54.
Mcdonald’s (NYSE:MCD) last released its earnings results on Tuesday, October 22nd. The fast-food giant reported $2.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.10). The business had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.47 billion. Mcdonald’s had a net margin of 28.09% and a negative return on equity of 85.71%. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.10 earnings per share. Equities analysts anticipate that Mcdonald’s Corp will post 7.84 EPS for the current year.
In related news, CEO Christopher J. Kempczinski purchased 2,580 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were bought at an average price of $193.81 per share, with a total value of $500,029.80. Following the purchase, the chief executive officer now directly owns 2,580 shares in the company, valued at approximately $500,029.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John J. Mulligan purchased 1,300 shares of Mcdonald’s stock in a transaction dated Wednesday, November 6th. The stock was bought at an average price of $193.46 per share, for a total transaction of $251,498.00. Following the completion of the transaction, the director now directly owns 2,900 shares in the company, valued at $561,034. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 7,380 shares of company stock valued at $1,430,223. 0.25% of the stock is owned by corporate insiders.
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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