Birinyi Associates Inc. Grows Stake in McDonald’s Corporation (MCD)

Birinyi Associates Inc. grew its holdings in McDonald’s Corporation (NYSE:MCD) by 8.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,870 shares of the fast-food giant’s stock after purchasing an additional 1,250 shares during the quarter. McDonald’s Corporation makes up approximately 1.2% of Birinyi Associates Inc.’s portfolio, making the stock its 18th largest holding. Birinyi Associates Inc.’s holdings in McDonald’s Corporation were worth $2,584,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Allen Investment Management LLC grew its position in shares of McDonald’s Corporation by 0.5% in the second quarter. Allen Investment Management LLC now owns 1,725 shares of the fast-food giant’s stock valued at $264,000 after purchasing an additional 9 shares during the last quarter. QCI Asset Management Inc. NY grew its position in shares of McDonald’s Corporation by 22.4% in the second quarter. QCI Asset Management Inc. NY now owns 1,094 shares of the fast-food giant’s stock valued at $168,000 after purchasing an additional 200 shares during the last quarter. Girard Partners LTD. grew its position in shares of McDonald’s Corporation by 6.0% in the second quarter. Girard Partners LTD. now owns 29,735 shares of the fast-food giant’s stock valued at $4,554,000 after purchasing an additional 1,673 shares during the last quarter. Brighton Jones LLC grew its position in shares of McDonald’s Corporation by 2.6% in the second quarter. Brighton Jones LLC now owns 7,379 shares of the fast-food giant’s stock valued at $1,130,000 after purchasing an additional 190 shares during the last quarter. Finally, Biegel & Waller LLC acquired a new stake in shares of McDonald’s Corporation in the second quarter valued at approximately $203,000. Institutional investors and hedge funds own 67.95% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This story was published by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are accessing this story on another publication, it was copied illegally and reposted in violation of US and international copyright and trademark law. The correct version of this story can be accessed at https://www.truebluetribune.com/2017/11/20/birinyi-associates-inc-grows-stake-in-mcdonalds-corporation-mcd.html.

In other McDonald’s Corporation news, VP James R. Sappington sold 8,046 shares of the firm’s stock in a transaction on Wednesday, October 25th. The shares were 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 directly owns 15,739 shares of the company’s stock, valued at approximately $2,596,935. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.24% of the stock is owned by company insiders.

A number of brokerages recently issued reports on MCD. Wells Fargo & Company set a $185.00 target price on shares of McDonald’s Corporation and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Deutsche Bank AG set a $185.00 target price on shares of McDonald’s Corporation and gave the stock a “buy” rating in a research report on Friday, October 20th. Canaccord Genuity restated a “hold” rating and set a $170.00 target price on shares of McDonald’s Corporation in a research report on Friday, October 6th. Goldman Sachs Group, Inc. (The) set a $174.00 target price on shares of McDonald’s Corporation and gave the stock a “buy” rating in a research report on Thursday, July 27th. Finally, Longbow Research upgraded shares of McDonald’s Corporation from a “neutral” rating to a “buy” rating and raised their target price for the stock from $154.05 to $183.00 in a research report on Thursday, September 28th. Eleven research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $169.96.

McDonald’s Corporation (NYSE MCD) opened at $166.72 on Monday. The firm has a market cap of $132,906.78, a price-to-earnings ratio of 26.05, a price-to-earnings-growth ratio of 2.73 and a beta of 0.67. The company has a current ratio of 1.28, a quick ratio of 1.27 and a debt-to-equity ratio of -8.17. McDonald’s Corporation has a fifty-two week low of $117.71 and a fifty-two week high of $170.92.

McDonald’s Corporation (NYSE:MCD) last announced its quarterly earnings data on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.75 by $0.01. The company had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.75 billion. McDonald’s Corporation had a net margin of 24.19% and a negative return on equity of 216.45%. The firm’s revenue for the quarter was down 10.4% compared to the same quarter last year. During the same period last year, the business earned $1.62 EPS. sell-side analysts predict that McDonald’s Corporation will post 6.52 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a dividend of $1.01 per share. This is a positive change from McDonald’s Corporation’s previous quarterly dividend of $0.94. This represents a $4.04 annualized dividend and a yield of 2.42%. The ex-dividend date is Thursday, November 30th. McDonald’s Corporation’s dividend payout ratio (DPR) is currently 54.26%.

McDonald’s Corporation Company Profile

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.

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 Corporation (NYSE:MCD).

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

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

Latest News

Leave a Reply