Stevens Capital Management LP Has $3.20 Million Position in Mcdonald’s Corp (MCD)
Stevens Capital Management LP decreased its position in Mcdonald’s Corp (NYSE:MCD) by 91.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,137 shares of the fast-food giant’s stock after selling 199,156 shares during the quarter. Stevens Capital Management LP’s holdings in Mcdonald’s were worth $3,201,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the stock. CSat Investment Advisory L.P. acquired a new stake in Mcdonald’s during the second quarter worth approximately $104,000. Quad Cities Investment Group LLC acquired a new stake in Mcdonald’s during the second quarter worth approximately $110,000. NuWave Investment Management LLC raised its holdings in Mcdonald’s by 2,485.2% during the third quarter. NuWave Investment Management LLC now owns 698 shares of the fast-food giant’s stock worth $117,000 after purchasing an additional 671 shares in the last quarter. Truvestments Capital LLC acquired a new stake in Mcdonald’s during the third quarter worth approximately $122,000. Finally, Sound Income Strategies LLC raised its holdings in Mcdonald’s by 69.2% during the third quarter. Sound Income Strategies LLC now owns 743 shares of the fast-food giant’s stock worth $124,000 after purchasing an additional 304 shares in the last quarter. 67.22% of the stock is currently owned by hedge funds and other institutional investors.
In related news, EVP Francesca A. Debiase sold 15,136 shares of Mcdonald’s stock in a transaction on Wednesday, October 24th. The shares were sold at an average price of $176.17, for a total value of $2,666,509.12. Following the transaction, the executive vice president now directly owns 17,306 shares in the company, valued at approximately $3,048,798.02. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Ian Frederick Borden sold 4,782 shares of Mcdonald’s stock in a transaction on Thursday, October 25th. The shares were sold at an average price of $177.68, for a total transaction of $849,665.76. The disclosure for this sale can be found here. Over the last quarter, insiders sold 221,041 shares of company stock worth $38,839,407. 0.22% of the stock is currently owned by insiders.
Mcdonald’s (NYSE:MCD) last announced its earnings results on Tuesday, October 23rd. The fast-food giant reported $2.10 EPS for the quarter, beating analysts’ consensus estimates of $1.99 by $0.11. The business had revenue of $5.37 billion for the quarter, compared to analysts’ expectations of $5.28 billion. Mcdonald’s had a net margin of 24.56% and a negative return on equity of 116.43%. The company’s quarterly revenue was down 6.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.76 EPS. Analysts predict that Mcdonald’s Corp will post 7.76 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Monday, December 3rd will be given a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 2.51%. This is a positive change from Mcdonald’s’s previous quarterly dividend of $1.01. The ex-dividend date of this dividend is Friday, November 30th. Mcdonald’s’s dividend payout ratio (DPR) is 69.67%.
A number of analysts have weighed in on MCD shares. Morningstar set a $190.00 price objective on shares of Mcdonald’s and gave the stock a “neutral” rating in a report on Wednesday, October 24th. Royal Bank of Canada reissued a “buy” rating and set a $175.00 price objective on shares of Mcdonald’s in a report on Thursday, September 27th. Stephens raised their price objective on shares of Mcdonald’s to $170.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 24th. ValuEngine raised shares of Mcdonald’s from a “hold” rating to a “buy” rating in a report on Thursday, October 11th. Finally, Goldman Sachs Group reissued a “buy” rating and set a $195.00 price objective on shares of Mcdonald’s in a report on Friday, October 26th. Six equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $191.69.
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.
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