McDonald’s Corporation (MCD) Shares Bought by Atlantic Trust LLC
Atlantic Trust LLC boosted its stake in shares of McDonald’s Corporation (NYSE:MCD) by 18.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,480 shares of the fast-food giant’s stock after acquiring an additional 230 shares during the quarter. Atlantic Trust LLC’s holdings in McDonald’s were worth $351,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Vantage Financial Partners Ltd. Inc. bought a new position in shares of McDonald’s in the 2nd quarter valued at about $322,000. Proficio Capital Partners LLC boosted its stake in shares of McDonald’s by 87.8% in the 1st quarter. Proficio Capital Partners LLC now owns 740 shares of the fast-food giant’s stock valued at $111,000 after purchasing an additional 346 shares during the last quarter. Acrospire Investment Management LLC bought a new position in shares of McDonald’s in the 2nd quarter valued at about $153,000. Harvest Fund Management Co. Ltd bought a new position in shares of McDonald’s in the 2nd quarter valued at about $162,000. Finally, QCI Asset Management Inc. NY boosted its stake in shares of McDonald’s by 22.4% in the 2nd quarter. QCI Asset Management Inc. NY now owns 1,094 shares of the fast-food giant’s stock valued at $168,000 after purchasing an additional 200 shares during the last quarter. 67.40% of the stock is currently owned by institutional investors.
In related news, VP James R. Sappington sold 8,046 shares of the firm’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 directly owns 15,739 shares of the company’s stock, valued at $2,596,935. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Stephen Easterbrook sold 171,577 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $168.32, for a total transaction of $28,879,840.64. Following the completion of the transaction, the insider now directly owns 49,778 shares of the company’s stock, valued at $8,378,632.96. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by company insiders.
McDonald’s Corporation (NYSE:MCD) traded down $0.41 during trading hours on Friday, hitting $173.14. 2,667,000 shares of the company traded hands, compared to its average volume of 3,446,782. McDonald’s Corporation has a twelve month low of $118.18 and a twelve month high of $174.44. The company has a quick ratio of 1.27, a current ratio of 1.28 and a debt-to-equity ratio of -8.17. The company has a market capitalization of $138,351.56, a PE ratio of 27.12, a PEG ratio of 2.84 and a beta of 0.67.
McDonald’s (NYSE:MCD) last released its earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.01. McDonald’s had a net margin of 24.19% and a negative return on equity of 216.45%. The business had revenue of $5.75 billion during the quarter, compared to analysts’ expectations of $5.75 billion. During the same period last year, the business earned $1.62 earnings per share. The firm’s revenue was down 10.4% on a year-over-year basis. research analysts predict that McDonald’s Corporation will post 6.53 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a $1.01 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This is a boost from McDonald’s’s previous quarterly dividend of $0.94. This represents a $4.04 annualized dividend and a dividend yield of 2.33%. McDonald’s’s dividend payout ratio (DPR) is currently 58.30%.
A number of analysts recently weighed in on MCD shares. Wells Fargo & Company set a $185.00 price target on shares of McDonald’s and gave the company a “buy” rating in a research report on Wednesday, October 25th. Deutsche Bank set a $185.00 price target on shares of McDonald’s and gave the company a “buy” rating in a research report on Friday, October 20th. Canaccord Genuity reiterated a “hold” rating and issued a $170.00 price target on shares of McDonald’s in a research report on Friday, October 6th. Longbow Research upgraded shares of McDonald’s from a “neutral” rating to a “buy” rating and increased their price target for the company from $154.05 to $183.00 in a research report on Thursday, September 28th. Finally, Argus reiterated a “buy” rating on shares of McDonald’s in a research report on Tuesday, October 17th. Ten 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 a consensus target price of $175.05.
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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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