Bartlett & Co. LLC Sells 1,120 Shares of McDonald’s Corp. (MCD)
Bartlett & Co. LLC decreased its position in shares of McDonald’s Corp. (NYSE:MCD) by 1.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 101,985 shares of the fast-food giant’s stock after selling 1,120 shares during the period. Bartlett & Co. LLC’s holdings in McDonald’s Corp. were worth $12,273,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in MCD. Invictus RG raised its stake in 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 during the period. RPg Family Wealth Advisory LLC raised its stake in 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 during the period. LGL Partners LLC raised its stake in 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 during the period. American Economic Planning Group Inc. ADV purchased a new stake in McDonald’s Corp. during the first quarter worth $222,000. Finally, Brookstone Capital Management purchased a new stake in McDonald’s Corp. during the second quarter worth $224,000. Institutional investors own 69.13% of the company’s stock.
McDonald’s Corp. (NYSE:MCD) traded down 1.03% during trading on Tuesday, hitting $111.25. 6,198,363 shares of the company were exchanged. The stock has a market capitalization of $94.94 billion, a PE ratio of 21.24 and a beta of 0.61. The firm’s 50 day moving average price is $115.18 and its 200-day moving average price is $121.13. McDonald’s Corp. has a 1-year low of $102.08 and a 1-year high of $131.96.
McDonald’s Corp. (NYSE:MCD) last released its quarterly earnings results on Tuesday, July 26th. The fast-food giant reported $1.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.39 by $0.06. The business earned $6.27 billion during the quarter, compared to analyst estimates of $6.28 billion. McDonald’s Corp. had a net margin of 18.73% and a return on equity of 97.56%. The company’s quarterly revenue was down 3.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.26 earnings per share. Equities analysts predict that McDonald’s Corp. will post $5.56 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be given a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 3.38%. This is a positive change 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 is presently 68.59%.
MCD has been the topic of a number of 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 shares of 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 shares of 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. decreased 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 report on Tuesday, September 13th. Two analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $126.27.
In other news, Chairman Andrew J. Mckenna sold 70,000 shares of the company’s stock in a transaction dated 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 transaction, the chairman now owns 108,841 shares in the company, valued at $12,873,713.48. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company 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.
Receive News & Stock Ratings for McDonald's Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDonald's Corp. and related stocks with our FREE daily email newsletter.