HM Payson & Co. trimmed its position in McDonald’s Corporation (NYSE:MCD) by 2.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 332,708 shares of the fast-food giant’s stock after selling 7,188 shares during the quarter. McDonald’s Corporation makes up approximately 2.3% of HM Payson & Co.’s portfolio, making the stock its 6th largest position. HM Payson & Co.’s holdings in McDonald’s Corporation were worth $50,957,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Canal Capital Management LLC acquired a new stake in shares of McDonald’s Corporation in the first quarter worth $210,000. SPC Financial Inc. boosted its stake in McDonald’s Corporation by 5.2% during the first quarter. SPC Financial Inc. now owns 4,033 shares of the fast-food giant’s stock worth $523,000 after buying an additional 200 shares in the last quarter. Advisory Services Network LLC acquired a new stake in McDonald’s Corporation during the first quarter worth $1,176,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in McDonald’s Corporation by 1.7% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 152,447 shares of the fast-food giant’s stock worth $19,759,000 after buying an additional 2,557 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS boosted its stake in McDonald’s Corporation by 0.6% during the first quarter. Kornitzer Capital Management Inc. KS now owns 315,790 shares of the fast-food giant’s stock worth $40,930,000 after buying an additional 1,877 shares in the last quarter. 69.01% of the stock is owned by institutional investors and hedge funds.
McDonald’s Corporation (NYSE MCD) opened at $167.37 on Tuesday. McDonald’s Corporation has a 52-week low of $114.72 and a 52-week high of $170.92. The company has a debt-to-equity ratio of -8.17, a quick ratio of 1.27 and a current ratio of 1.28. The company has a market capitalization of $132,005.97, a PE ratio of 25.87, a P/E/G ratio of 2.71 and a beta of 0.67.
McDonald’s Corporation (NYSE:MCD) last posted its quarterly earnings data on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 Corporation had a negative return on equity of 216.45% and a net margin of 24.19%. The company’s revenue for the quarter was down 10.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.62 EPS. equities research analysts predict that McDonald’s Corporation will post 6.52 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a dividend of $1.01 per share. The ex-dividend date is Thursday, November 30th. This is a boost from McDonald’s Corporation’s previous quarterly dividend of $0.94. This represents a $4.04 annualized dividend and a yield of 2.41%. McDonald’s Corporation’s dividend payout ratio is currently 54.26%.
In other McDonald’s Corporation news, VP James R. Sappington sold 8,046 shares of the company’s stock in a transaction that occurred on 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 transaction, the vice president now owns 15,739 shares of the company’s stock, valued at approximately $2,596,935. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.24% of the company’s stock.
A number of equities research analysts have weighed in on MCD shares. Jefferies Group LLC reiterated a “hold” rating and set a $140.00 price target on shares of McDonald’s Corporation in a research note on Wednesday, July 19th. Nomura set a $172.00 target price on shares of McDonald’s Corporation and gave the company a “buy” rating in a research note on Wednesday, July 19th. Barclays PLC set a $164.00 target price on shares of McDonald’s Corporation and gave the company a “buy” rating in a research note on Wednesday, July 19th. Morgan Stanley set a $150.00 price target on McDonald’s Corporation and gave the company a “neutral” rating in a report on Wednesday, July 19th. Finally, J P Morgan Chase & Co set a $170.00 price objective on McDonald’s Corporation and gave the stock a “buy” rating in a report on Thursday, July 20th. Eleven investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. McDonald’s Corporation has an average rating of “Buy” and an average price target of $169.96.
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About McDonald’s Corporation
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.
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