2 weeks Ago By ABMN Staff
The Manufacturers Life Insurance Company grew its holdings in shares of McDonald’s Co. ( NYSE:MCD – Free Report ) by 12.2% during the 2nd quarter, HoldingsChannel reports.
The fund owned 886,343 shares of the fast-food giant’s stock after acquiring an additional 96,450 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in McDonald’s were worth $225,876,000 at the end of the most recent reporting period. Several other large investors have also recently made changes to their positions in MCD.
MBB Public Markets I LLC grew 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 valued at $13,069,000 after purchasing an additional 49,119 shares during the last quarter.
DoubleLine ETF Adviser LP bought a new stake in shares of McDonald’s in the 2nd quarter valued at about $3,774,000. Ameriprise Financial Inc. boosted its holdings in McDonald’s by 8.
0% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,761,625 shares of the fast-food giant’s stock valued at $1,216,677,000 after acquiring an additional 354,196 shares during the period.
AXA S.A. increased its stake in McDonald’s by 1.
8% in the 2nd quarter. AXA S.A.
now owns 180,537 shares of the fast-food giant’s stock worth $46,008,000 after purchasing an additional 3,202 shares during the period. Finally, NBW Capital LLC boosted its stake in shares of McDonald’s by 1.8% during the second quarter.
NBW Capital LLC now owns 20,366 shares of the fast-food giant’s stock valued at $5,190,000 after purchasing an additional 353 shares during the period. 70.29% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at McDonald’s In other McDonald’s news, CFO Ian Frederick Borden sold 5,939 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $300.04, for a total transaction of $1,781,937.
56. Following the completion of the transaction, the chief financial officer now owns 20,403 shares of the company’s stock, valued at approximately $6,121,716.12.
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website . In other McDonald’s news, CEO Christopher J. Kempczinski sold 11,727 shares of the business’s stock in a transaction that occurred on Monday, September 23rd.
The stock was sold at an average price of $300.03, for a total transaction of $3,518,451.81.
Following the sale, the chief executive officer now directly owns 49,885 shares of the company’s stock, valued at $14,966,996.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink .
Also, CFO Ian Frederick Borden sold 5,939 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $300.04, for a total value of $1,781,937.
56. Following the transaction, the chief financial officer now directly owns 20,403 shares in the company, valued at approximately $6,121,716.12.
The disclosure for this sale can be found here . Over the last ninety days, insiders sold 23,958 shares of company stock valued at $7,032,111. Corporate insiders own 0.
23% of the company’s stock. McDonald’s Trading Up 1.1 % McDonald’s ( NYSE:MCD – Get Free Report ) last issued its quarterly earnings results on Monday, July 29th.
The fast-food giant reported $2.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.
10). The business had revenue of $6.49 billion during the quarter, compared to analysts’ expectations of $6.
62 billion. McDonald’s had a negative return on equity of 178.68% and a net margin of 32.
25%. The company’s quarterly revenue was down .1% on a year-over-year basis.
During the same quarter in the previous year, the company posted $3.17 EPS. Sell-side analysts forecast that McDonald’s Co.
will post 11.69 EPS for the current year. McDonald’s Announces Dividend The business also recently announced a quarterly dividend, which was paid on Tuesday, September 17th.
Investors of record on Tuesday, September 3rd were paid a dividend of $1.67 per share. The ex-dividend date of this dividend was Tuesday, September 3rd.
This represents a $6.68 annualized dividend and a yield of 2.20%.
McDonald’s’s payout ratio is 56.71%. Analyst Ratings Changes A number of equities research analysts have issued reports on the stock.
Guggenheim raised their price target on shares of McDonald’s from $280.00 to $290.00 and gave the stock a “buy” rating in a report on Friday, August 2nd.
Citigroup upped their price target on McDonald’s from $275.00 to $301.00 and gave the company a “neutral” rating in a research report on Friday, September 13th.
KeyCorp cut their price objective on McDonald’s from $310.00 to $305.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 30th.
Wedbush restated an “outperform” rating and set a $295.00 target price on shares of McDonald’s in a report on Monday, July 29th. Finally, Robert W.
Baird lifted their price target on shares of McDonald’s from $280.00 to $320.00 and gave the company an “outperform” rating in a report on Thursday.
Eleven investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $308.
22. View Our Latest Report on McDonald’s McDonald’s 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.
Read More 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 Co. ( NYSE:MCD – Free Report ).
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