Calamos Advisors LLC Increases Position in McDonald’s Corp. (MCD)
Calamos Advisors LLC boosted its stake in shares of McDonald’s Corp. (NYSE:MCD) by 0.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 239,106 shares of the fast-food giant’s stock after buying an additional 39 shares during the period. Calamos Advisors LLC’s holdings in McDonald’s Corp. were worth $28,774,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of MCD. Renaissance Technologies LLC purchased a new position in shares of McDonald’s Corp. during the first quarter valued at about $76,602,000. NN Investment Partners Holdings N.V. raised its position in shares of 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 in the last quarter. UBS Asset Management Americas Inc. raised its position in shares of 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 in the last quarter. Virginia Retirement System purchased a new position in shares of McDonald’s Corp. during the first quarter valued at about $53,475,000. Finally, Los Angeles Capital Management & Equity Research Inc. raised its position in shares of 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 in the last quarter. Hedge funds and other institutional investors own 69.13% of the company’s stock.
McDonald’s Corp. (NYSE:MCD) traded down 1.03% on Tuesday, reaching $111.25. 6,198,363 shares of the company’s stock traded hands. The stock has a market cap of $94.94 billion, a price-to-earnings ratio of 21.24 and a beta of 0.61. McDonald’s Corp. has a 52-week low of $102.08 and a 52-week high of $131.96. The company’s 50 day moving average is $115.18 and its 200-day moving average is $121.13.
McDonald’s Corp. (NYSE:MCD) last posted its 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. The company earned $6.27 billion during the quarter, compared to the consensus estimate of $6.28 billion. McDonald’s Corp. had a net margin of 18.73% and a return on equity of 97.56%. The firm’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.26 earnings per share. Equities analysts expect that McDonald’s Corp. will post $5.56 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be given a dividend of $0.94 per share. The ex-dividend date is Tuesday, November 29th. This is an increase from McDonald’s Corp.’s previous quarterly dividend of $0.89. This represents a $3.76 annualized dividend and a dividend yield of 3.38%. McDonald’s Corp.’s payout ratio is presently 68.59%.
MCD has been the topic of a number of recent research reports. Zacks Investment Research raised McDonald’s Corp. from a “hold” rating to a “buy” rating and set a $131.00 price objective on the stock in a report on Tuesday, September 27th. Vetr raised McDonald’s Corp. from a “hold” rating to a “buy” rating and set a $121.01 price objective on the stock in a report on Monday, September 5th. Morgan Stanley reaffirmed a “hold” rating and set a $118.00 price objective on shares of McDonald’s Corp. in a report on Thursday, July 28th. Credit Suisse Group AG reissued an “outperform” rating and issued a $132.00 target price on shares of McDonald’s Corp. in a report on Friday, September 16th. Finally, Canaccord Genuity initiated coverage on McDonald’s Corp. in a report on Monday, August 22nd. They issued a “hold” rating and a $122.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $126.27.
In other news, Chairman Andrew J. Mckenna sold 70,000 shares of the business’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 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 available at this hyperlink. 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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