Bridgeworth LLC cut its holdings in Mcdonald’s Corp (NYSE:MCD) by 36.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,460 shares of the fast-food giant’s stock after selling 855 shares during the period. Bridgeworth LLC’s holdings in Mcdonald’s were worth $228,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MCD. Cordasco Financial Network raised its position in Mcdonald’s by 31.5% in the second quarter. Cordasco Financial Network now owns 1,315 shares of the fast-food giant’s stock valued at $206,000 after purchasing an additional 315 shares during the period. Boulegeris Investments Inc. raised its position in Mcdonald’s by 5.4% in the second quarter. Boulegeris Investments Inc. now owns 6,145 shares of the fast-food giant’s stock valued at $963,000 after purchasing an additional 317 shares during the period. Winthrop Advisory Group LLC raised its position in Mcdonald’s by 24.2% in the first quarter. Winthrop Advisory Group LLC now owns 1,642 shares of the fast-food giant’s stock valued at $258,000 after purchasing an additional 320 shares during the period. Alerus Financial NA raised its position in Mcdonald’s by 1.6% in the first quarter. Alerus Financial NA now owns 20,065 shares of the fast-food giant’s stock valued at $3,138,000 after purchasing an additional 321 shares during the period. Finally, Fort Pitt Capital Group LLC raised its position in Mcdonald’s by 22.7% in the second quarter. Fort Pitt Capital Group LLC now owns 1,753 shares of the fast-food giant’s stock valued at $275,000 after purchasing an additional 324 shares during the period. Hedge funds and other institutional investors own 66.99% of the company’s stock.

A number of brokerages have issued reports on MCD. Wells Fargo & Co reissued a “buy” rating and issued a $185.00 target price on shares of Mcdonald’s in a research report on Thursday, June 21st. Telsey Advisory Group cut their target price on Mcdonald’s from $190.00 to $175.00 and set an “outperform” rating on the stock in a research report on Friday, July 27th. Stifel Nicolaus reissued a “neutral” rating and issued a $168.00 target price on shares of Mcdonald’s in a research report on Monday, July 16th. Citigroup boosted their target price on Mcdonald’s from $176.00 to $178.00 and gave the company a “neutral” rating in a research report on Thursday, June 14th. Finally, Imperial Capital cut their target price on Mcdonald’s from $190.00 to $175.00 and set an “outperform” rating on the stock in a research report on Friday, July 27th. Nine research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $182.29.

NYSE:MCD opened at $160.84 on Friday. The firm has a market capitalization of $127.81 billion, a P/E ratio of 24.15, a price-to-earnings-growth ratio of 2.45 and a beta of 0.66. The company has a debt-to-equity ratio of -5.24, a quick ratio of 1.45 and a current ratio of 1.47. Mcdonald’s Corp has a 12 month low of $146.84 and a 12 month high of $178.70.

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

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 18th. Investors of record on Tuesday, September 4th will be issued a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 2.51%. The ex-dividend date is Friday, August 31st. Mcdonald’s’s dividend payout ratio (DPR) is presently 60.66%.

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.

See Also: Exchange-Traded Funds (ETFs)

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

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