McDonald's Co. (MCD) Stake Lowered by Neuberger Berman Group LLC
Neuberger Berman Group LLC decreased its holdings in shares of McDonald's Co. (NYSE:MCD) by 1.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 1,495,104 shares of the fast-food giant’s stock after selling 27,447 shares during the period. Neuberger Berman Group LLC’s holdings in McDonald's were worth $234,253,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in MCD. Acrospire Investment Management LLC bought a new stake in McDonald's in the 2nd quarter worth approximately $153,000. Valmark Advisers Inc. lifted its position in McDonald's by 0.3% in the second quarter. Valmark Advisers Inc. now owns 2,381 shares of the fast-food giant’s stock valued at $365,000 after purchasing an additional 8 shares during the last quarter. Beach Investment Management LLC. bought a new stake in McDonald's in the second quarter valued at approximately $296,000. Cullen Frost Bankers Inc. lifted its position in McDonald's by 1.7% in the second quarter. Cullen Frost Bankers Inc. now owns 79,205 shares of the fast-food giant’s stock valued at $12,131,000 after purchasing an additional 1,329 shares during the last quarter. Finally, Hodges Capital Management Inc. lifted its position in McDonald's by 13.3% in the second quarter. Hodges Capital Management Inc. now owns 7,643 shares of the fast-food giant’s stock valued at $1,171,000 after purchasing an additional 900 shares during the last quarter. Institutional investors own 67.43% of the company’s stock.
In related news, VP Catherine A. Hoovel sold 1,398 shares of the company’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $170.54, for a total value of $238,414.92. Following the sale, the vice president now directly owns 1,398 shares of the company’s stock, valued at $238,414.92. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Douglas M. Goare sold 34,575 shares of the stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $173.53, for a total value of $5,999,799.75. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 207,550 shares of company stock worth $35,118,055. 0.24% of the stock is owned by insiders.
Shares of McDonald's Co. (NYSE:MCD) opened at $159.99 on Thursday. The firm has a market capitalization of $127,540.00, a price-to-earnings ratio of 25.16, a P/E/G ratio of 2.38 and a beta of 0.59. McDonald's Co. has a 12 month low of $125.45 and a 12 month high of $178.70. The company has a quick ratio of 1.27, a current ratio of 1.28 and a debt-to-equity ratio of -8.17.
McDonald's (NYSE:MCD) last issued its quarterly earnings results on Tuesday, January 30th. The fast-food giant reported $1.71 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.12. The company had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.22 billion. McDonald's had a negative return on equity of 217.17% and a net margin of 22.75%. The firm’s revenue for the quarter was down 11.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.44 earnings per share. analysts predict that McDonald's Co. will post 7.65 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be paid a $1.01 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $4.04 annualized dividend and a yield of 2.53%. McDonald's’s payout ratio is 63.52%.
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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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