McDonald’s Corporation (MCD) Stake Lowered by Caxton Associates LP
Caxton Associates LP decreased its position in McDonald’s Corporation (NYSE:MCD) by 75.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 65,000 shares of the fast-food giant’s stock after selling 197,500 shares during the quarter. Caxton Associates LP’s holdings in McDonald’s were worth $9,955,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in MCD. Vantage Financial Partners Ltd. Inc. acquired a new stake in shares of McDonald’s in the second quarter worth $322,000. Proficio Capital Partners LLC grew its stake in shares of McDonald’s by 87.8% in the first quarter. Proficio Capital Partners LLC now owns 740 shares of the fast-food giant’s stock worth $111,000 after acquiring an additional 346 shares during the last quarter. Acrospire Investment Management LLC acquired a new stake in shares of McDonald’s in the second quarter worth $153,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of McDonald’s in the second quarter worth $162,000. Finally, QCI Asset Management Inc. NY grew its stake in shares of McDonald’s by 22.4% in the second quarter. QCI Asset Management Inc. NY now owns 1,094 shares of the fast-food giant’s stock worth $168,000 after acquiring an additional 200 shares during the last quarter. 67.40% of the stock is currently owned by institutional investors.
Several brokerages have recently issued reports on MCD. Goldman Sachs Group set a $180.00 price objective on shares of McDonald’s and gave the stock a “buy” rating in a research note on Tuesday. Barclays set a $193.00 price target on shares of McDonald’s and gave the stock a “buy” rating in a research note on Friday. ValuEngine downgraded shares of McDonald’s from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Jefferies Group upgraded shares of McDonald’s from a “hold” rating to a “buy” rating and lifted their price target for the stock from $150.00 to $200.00 in a research note on Tuesday, December 5th. Finally, Deutsche Bank set a $185.00 price target on shares of McDonald’s and gave the stock a “buy” rating in a research note on Friday, October 20th. Ten research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $174.55.
In other McDonald’s news, VP James R. Sappington sold 8,046 shares of the business’s stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $165.00, for a total transaction of $1,327,590.00. Following the completion of the sale, the vice president now directly owns 15,739 shares of the company’s stock, valued at approximately $2,596,935. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Stephen Easterbrook sold 171,577 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $168.32, for a total value of $28,879,840.64. Following the sale, 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. Insiders own 0.24% of the company’s stock.
Shares of McDonald’s Corporation (MCD) traded up $0.10 during trading hours on Tuesday, reaching $173.25. The company’s stock had a trading volume of 2,340,700 shares, compared to its average volume of 3,456,502. The company has a market cap of $138,032.69, a PE ratio of 27.06, a P/E/G ratio of 2.83 and a beta of 0.67. McDonald’s Corporation has a 12-month low of $118.18 and a 12-month high of $174.44. The company has a debt-to-equity ratio of -8.17, a current ratio of 1.28 and a quick ratio of 1.27.
McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.75 by $0.01. The firm had revenue of $5.75 billion during the quarter, compared to analysts’ expectations of $5.75 billion. McDonald’s had a negative return on equity of 216.45% and a net margin of 24.19%. The company’s quarterly revenue was down 10.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.62 EPS. sell-side analysts expect that McDonald’s Corporation will post 6.53 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a dividend of $1.01 per share. This is a boost from McDonald’s’s previous quarterly dividend of $0.94. This represents a $4.04 annualized dividend and a yield of 2.33%. The ex-dividend date is Thursday, November 30th. McDonald’s’s payout ratio is currently 58.30%.
COPYRIGHT VIOLATION NOTICE: This report was posted by Watch List News and is the property of of Watch List News. If you are reading this report on another publication, it was illegally stolen and republished in violation of US and international trademark & copyright law. The original version of this report can be accessed at https://www.watchlistnews.com/mcdonalds-corporation-mcd-stake-lowered-by-caxton-associates-lp/1759528.html.
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.
Want to see what other hedge funds are holding MCD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for McDonald’s Corporation (NYSE:MCD).
Receive News & Ratings for McDonald's Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDonald's Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.