Zurich Insurance Group Ltd FI cut its holdings in Mcdonald’s Corp (NYSE:MCD) by 19.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 180,708 shares of the fast-food giant’s stock after selling 44,340 shares during the quarter. Mcdonald’s makes up about 0.7% of Zurich Insurance Group Ltd FI’s holdings, making the stock its 29th biggest holding. Zurich Insurance Group Ltd FI’s holdings in Mcdonald’s were worth $37,526,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in MCD. First Command Financial Services Inc. lifted its stake in Mcdonald’s by 2.7% during the 2nd quarter. First Command Financial Services Inc. now owns 1,857 shares of the fast-food giant’s stock valued at $386,000 after acquiring an additional 48 shares during the period. Graves Light Private Wealth Management Inc. lifted its stake in shares of Mcdonald’s by 1.5% in the 2nd quarter. Graves Light Private Wealth Management Inc. now owns 3,428 shares of the fast-food giant’s stock worth $712,000 after purchasing an additional 49 shares during the period. Gilman Hill Asset Management LLC lifted its stake in shares of Mcdonald’s by 2.2% in the 2nd quarter. Gilman Hill Asset Management LLC now owns 2,344 shares of the fast-food giant’s stock worth $487,000 after purchasing an additional 50 shares during the period. Duncker Streett & Co. Inc. lifted its stake in shares of Mcdonald’s by 1.9% in the 2nd quarter. Duncker Streett & Co. Inc. now owns 2,698 shares of the fast-food giant’s stock worth $560,000 after purchasing an additional 50 shares during the period. Finally, Legacy Private Trust Co. lifted its stake in shares of Mcdonald’s by 1.1% in the 2nd quarter. Legacy Private Trust Co. now owns 4,678 shares of the fast-food giant’s stock worth $971,000 after purchasing an additional 52 shares during the period. 67.61% of the stock is currently owned by hedge funds and other institutional investors.

In related news, VP Catherine A. Hoovel sold 457 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $218.15, for a total value of $99,694.55. Following the completion of the transaction, the vice president now directly owns 1,348 shares of the company’s stock, valued at $294,066.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Silvia Lagnado sold 26,649 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $212.58, for a total transaction of $5,665,044.42. Following the completion of the transaction, the executive vice president now directly owns 40,129 shares of the company’s stock, valued at $8,530,622.82. The disclosure for this sale can be found here. Company insiders own 0.25% of the company’s stock.

MCD traded down $0.52 during trading on Friday, reaching $210.00. 2,752,811 shares of the company traded hands, compared to its average volume of 2,870,898. Mcdonald’s Corp has a 12-month low of $159.37 and a 12-month high of $221.93. The firm has a fifty day simple moving average of $216.06 and a 200 day simple moving average of $202.89. The company has a market cap of $160.38 billion, a P/E ratio of 26.58, a PEG ratio of 3.11 and a beta of 0.49.

Mcdonald’s (NYSE:MCD) last posted its earnings results on Friday, July 26th. The fast-food giant reported $2.05 earnings per share for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.01). Mcdonald’s had a net margin of 28.32% and a negative return on equity of 92.02%. The business had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.34 billion. During the same period last year, the business posted $1.99 earnings per share. The company’s revenue for the quarter was down .2% compared to the same quarter last year. On average, equities research analysts predict that Mcdonald’s Corp will post 8.01 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were issued a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date was Friday, August 30th. Mcdonald’s’s dividend payout ratio (DPR) is presently 58.73%.

Several brokerages have recently weighed in on MCD. JPMorgan Chase & Co. increased their price objective on shares of Mcdonald’s from $195.00 to $215.00 and gave the stock an “overweight” rating in a research note on Friday, June 28th. Telsey Advisory Group restated an “outperform” rating and set a $230.00 target price (up previously from $210.00) on shares of Mcdonald’s in a research note on Monday, July 15th. Wells Fargo & Co raised their target price on shares of Mcdonald’s from $235.00 to $237.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Evercore ISI started coverage on shares of Mcdonald’s in a research note on Tuesday, June 11th. They set an “outperform” rating and a $225.00 target price on the stock. Finally, Barclays set a $230.00 target price on shares of Mcdonald’s and gave the stock a “buy” rating in a research note on Friday, July 26th. Eight analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $220.55.

About Mcdonald’s

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, 2018, the company operated 37,855 restaurants, including 35,085 franchised restaurants comprising 21,685 franchised to conventional franchisees, 7,225 licensed to developmental licensees, and 6,175 licensed to foreign affiliates; and 2,770 company-operated restaurants.

Featured Story: Day Trading

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 Corp (NYSE:MCD).

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

Receive News & Ratings for Mcdonald's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mcdonald's and related companies with MarketBeat.com's FREE daily email newsletter.