UMB Bank N A MO Acquires 36,421 Shares of McDonald’s Corp. (MCD)
UMB Bank N A MO raised its stake in shares of McDonald’s Corp. (NYSE:MCD) by 33.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 146,652 shares of the fast-food giant’s stock after buying an additional 36,421 shares during the period. UMB Bank N A MO’s holdings in McDonald’s Corp. were worth $17,648,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of the stock. Renaissance Technologies LLC acquired a new stake in McDonald’s Corp. during the first quarter valued at approximately $76,602,000. NN Investment Partners Holdings N.V. raised its stake in McDonald’s Corp. by 109.4% in the second quarter. NN Investment Partners Holdings N.V. now owns 1,161,699 shares of the fast-food giant’s stock valued at $139,800,000 after buying an additional 607,056 shares during the last quarter. UBS Asset Management Americas Inc. raised its stake in McDonald’s Corp. by 15.5% in the first quarter. UBS Asset Management Americas Inc. now owns 3,433,335 shares of the fast-food giant’s stock valued at $431,501,000 after buying an additional 461,750 shares during the last quarter. Virginia Retirement System purchased a new stake in McDonald’s Corp. during the first quarter valued at about $53,475,000. Finally, Los Angeles Capital Management & Equity Research Inc. raised its stake in McDonald’s Corp. by 92.3% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 822,646 shares of the fast-food giant’s stock valued at $103,390,000 after buying an additional 394,883 shares during the last quarter. 69.10% of the stock is currently owned by institutional investors.
McDonald’s Corp. (NYSE:MCD) traded down 1.14% during midday trading on Friday, hitting $114.09. 5,312,532 shares of the stock traded hands. The company’s 50-day moving average is $115.36 and its 200-day moving average is $121.39. McDonald’s Corp. has a one year low of $102.08 and a one year high of $131.96. The company has a market cap of $97.36 billion, a PE ratio of 21.79 and a beta of 0.61.
McDonald’s Corp. (NYSE:MCD) last issued its quarterly earnings results on Tuesday, July 26th. The fast-food giant reported $1.45 EPS for the quarter, topping the consensus estimate of $1.39 by $0.06. McDonald’s Corp. had a net margin of 18.73% and a return on equity of 97.56%. The firm earned $6.27 billion during the quarter, compared to analyst estimates of $6.28 billion. During the same quarter in the prior year, the business posted $1.26 earnings per share. McDonald’s Corp.’s revenue for the quarter was down 3.6% compared to the same quarter last year. Equities research analysts expect that McDonald’s Corp. will post $5.56 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be given a dividend of $0.94 per share. This is a positive change from McDonald’s Corp.’s previous quarterly dividend of $0.89. The ex-dividend date is Tuesday, November 29th. This represents a $3.76 annualized dividend and a yield of 3.30%. McDonald’s Corp.’s dividend payout ratio is 68.59%.
Several equities research analysts have recently issued reports on the stock. Telsey Advisory Group assumed coverage on shares of McDonald’s Corp. in a research note on Monday, October 10th. They set an “outperform” rating and a $130.00 target price on the stock. Zacks Investment Research lowered shares of McDonald’s Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, October 4th. Vetr lowered shares of McDonald’s Corp. from a “buy” rating to a “hold” rating and set a $114.15 target price on the stock. in a research note on Monday, October 3rd. Credit Suisse Group AG reissued an “outperform” rating and set a $132.00 target price on shares of McDonald’s Corp. in a research note on Friday, September 16th. Finally, Citigroup Inc. lowered their target price on shares of McDonald’s Corp. from $130.00 to $122.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 13th. Two research analysts have rated the stock with a sell rating, nineteen have given a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $126.01.
In related news, Chairman Andrew J. Mckenna sold 70,000 shares of the company’s stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $118.28, for a total transaction of $8,279,600.00. Following the completion of the transaction, the chairman now owns 108,841 shares of the company’s stock, valued at $12,873,713.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.28% of the company’s stock.
About McDonald’s Corp.
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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