2 weeks Ago By ABMN Staff
Beaird Harris Wealth Management LLC grew its holdings in McDonald’s Co. ( NYSE:MCD – Free Report ) by 9.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission.
The fund owned 626 shares of the fast-food giant’s stock after buying an additional 56 shares during the period. Beaird Harris Wealth Management LLC’s holdings in McDonald’s were worth $159,000 as of its most recent filing with the Securities & Exchange Commission. Several other hedge funds and other institutional investors have also recently modified their holdings of MCD.
Smith Thornton Advisors LLC acquired a new position in shares of McDonald’s during the 2nd quarter worth approximately $431,000. Legal & General Group Plc boosted its stake in McDonald’s by 3.2% during the second quarter.
Legal & General Group Plc now owns 6,149,080 shares of the fast-food giant’s stock worth $1,567,030,000 after buying an additional 188,888 shares during the last quarter. Lighthouse Investment Partners LLC purchased a new stake in McDonald’s in the 2nd quarter valued at $10,448,000. The Manufacturers Life Insurance Company increased its stake in shares of McDonald’s by 12.
2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 886,343 shares of the fast-food giant’s stock worth $225,876,000 after acquiring an additional 96,450 shares during the last quarter. Finally, MBB Public Markets I LLC raised its holdings in shares of McDonald’s by 2,268.
8% during the 2nd quarter. MBB Public Markets I LLC now owns 51,284 shares of the fast-food giant’s stock worth $13,069,000 after acquiring an additional 49,119 shares during the period. 70.
29% of the stock is owned by hedge funds and other institutional investors. Analyst Ratings Changes Several research firms recently issued reports on MCD. TD Cowen restated a “hold” rating and set a $280.
00 price objective on shares of McDonald’s in a research report on Monday, September 23rd. BMO Capital Markets cut their price target on shares of McDonald’s from $330.00 to $315.
00 and set an “outperform” rating for the company in a report on Tuesday, July 30th. KeyCorp reduced their price target on shares of McDonald’s from $310.00 to $305.
00 and set an “overweight” rating on the stock in a research report on Tuesday, July 30th. Barclays lowered their price objective on McDonald’s from $320.00 to $300.
00 and set an “overweight” rating for the company in a research report on Tuesday, July 30th. Finally, Stifel Nicolaus reduced their target price on McDonald’s from $285.00 to $265.
00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. Eleven equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, McDonald’s has a consensus rating of “Moderate Buy” and an average price target of $308.
22. Insider Transactions at McDonald’s In related news, CEO Christopher J. Kempczinski sold 11,727 shares of the stock in a transaction on Monday, September 23rd.
The stock was sold at an average price of $300.03, for a total value of $3,518,451.81.
Following the transaction, the chief executive officer now owns 49,885 shares of the company’s stock, valued at $14,966,996.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link .
In other McDonald’s news, CEO Christopher J. Kempczinski sold 11,727 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $300.
03, for a total value of $3,518,451.81. Following the transaction, the chief executive officer now directly owns 49,885 shares in the company, valued at $14,966,996.
55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website . Also, CEO Christopher J.
Kempczinski sold 9,291 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $305.00, for a total transaction of $2,833,755.
00. Following the sale, the chief executive officer now directly owns 43,256 shares in the company, valued at approximately $13,193,080. The disclosure for this sale can be found here .
In the last three months, insiders sold 33,249 shares of company stock valued at $9,865,866. Insiders own 0.23% of the company’s stock.
McDonald’s Price Performance MCD opened at $303.69 on Friday. The business has a fifty day moving average price of $281.
71 and a 200 day moving average price of $271.18. McDonald’s Co.
has a 12 month low of $243.53 and a 12 month high of $306.96.
The stock has a market capitalization of $218.86 billion, a price-to-earnings ratio of 25.78, a PEG ratio of 3.
99 and a beta of 0.72. McDonald’s ( NYSE:MCD – Get Free Report ) last announced its quarterly earnings data on Monday, July 29th.
The fast-food giant reported $2.97 EPS for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.
10). McDonald’s had a negative return on equity of 178.68% and a net margin of 32.
25%. The company had revenue of $6.49 billion for the quarter, compared to analyst estimates of $6.
62 billion. During the same period in the prior year, the firm posted $3.17 earnings per share.
The business’s quarterly revenue was down .1% compared to the same quarter last year. On average, research analysts anticipate that McDonald’s Co.
will post 11.69 earnings per share for the current year. McDonald’s Increases Dividend The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th.
Stockholders of record on Monday, December 2nd will be issued a $1.77 dividend. This represents a $7.
08 dividend on an annualized basis and a dividend yield of 2.33%. This is a positive change from McDonald’s’s previous quarterly dividend of $1.
67. The ex-dividend date of this dividend is Monday, December 2nd. McDonald’s’s dividend payout ratio (DPR) is presently 56.
71%. McDonald’s Company Profile ( Free Report ) McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.
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