Huntington National Bank Has $18,845,000 Position in McDonald’s Corp. (MCD)
Huntington National Bank continued to hold its stake in McDonald’s Corp. (NYSE:MCD) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 193,401 shares of the fast-food giant’s stock at the end of the second quarter. Huntington National Bank’s holdings in McDonald’s Corp. were worth $18,845,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of MCD. Invictus RG boosted its stake in shares of McDonald’s Corp. by 364.1% in the first quarter. Invictus RG now owns 919 shares of the fast-food giant’s stock worth $115,000 after buying an additional 721 shares in the last quarter. RPg Family Wealth Advisory LLC boosted its stake in shares of McDonald’s Corp. by 572.4% in the first quarter. RPg Family Wealth Advisory LLC now owns 975 shares of the fast-food giant’s stock worth $123,000 after buying an additional 830 shares in the last quarter. LGL Partners LLC boosted its stake in shares of McDonald’s Corp. by 0.4% in the first quarter. LGL Partners LLC now owns 1,722 shares of the fast-food giant’s stock worth $216,000 after buying an additional 7 shares in the last quarter. American Economic Planning Group Inc. ADV bought a new stake in shares of McDonald’s Corp. during the first quarter worth $222,000. Finally, Brookstone Capital Management bought a new stake in shares of McDonald’s Corp. during the second quarter worth $224,000. Institutional investors own 69.10% of the company’s stock.
Shares of McDonald’s Corp. (NYSE:MCD) traded down 0.90% during mid-day trading on Tuesday, hitting $113.68. The stock had a trading volume of 3,943,130 shares. McDonald’s Corp. has a 52 week low of $101.60 and a 52 week high of $131.96. The firm has a market cap of $97.01 billion, a PE ratio of 21.71 and a beta of 0.61. The stock has a 50 day moving average price of $115.45 and a 200 day moving average price of $121.61.
McDonald’s Corp. (NYSE:MCD) last released its quarterly earnings data on Tuesday, July 26th. The fast-food giant reported $1.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.39 by $0.06. McDonald’s Corp. had a return on equity of 97.56% and a net margin of 18.73%. The company earned $6.27 billion during the quarter, compared to analysts’ expectations of $6.28 billion. During the same period last year, the firm posted $1.26 earnings per share. The business’s revenue was down 3.6% on a year-over-year basis. Equities research analysts expect that McDonald’s Corp. will post $5.56 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be given a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 3.31%. This is a boost from McDonald’s Corp.’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend is Tuesday, November 29th. McDonald’s Corp.’s dividend payout ratio (DPR) is presently 68.59%.
MCD has been the topic of a number of research analyst reports. Credit Suisse Group AG reaffirmed an “outperform” rating and set a $132.00 target price on shares of McDonald’s Corp. in a report on Friday, September 16th. Robert W. Baird reaffirmed an “outperform” rating on shares of McDonald’s Corp. in a report on Thursday, September 8th. Vetr raised McDonald’s Corp. from a “hold” rating to a “buy” rating and set a $121.01 target price on the stock in a report on Wednesday, September 28th. Zacks Investment Research raised McDonald’s Corp. from a “hold” rating to a “buy” rating and set a $131.00 target price on the stock in a report on Tuesday, September 27th. Finally, Citigroup Inc. lowered their target price on McDonald’s Corp. from $130.00 to $122.00 and set a “neutral” rating on the stock in a report on Tuesday, September 13th. Two investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and fourteen have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $126.01.
In other news, Chairman Andrew J. Mckenna sold 70,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $118.28, for a total value of $8,279,600.00. Following the completion of the sale, the chairman now directly owns 108,841 shares of the company’s stock, valued at $12,873,713.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.28% of the stock is owned by insiders.
McDonald’s Corp. Company Profile
McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally-relevant menu of quality 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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