Domani Wealth LLC purchased a new stake in Mcdonald’s Corp (NYSE:MCD) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,323 shares of the fast-food giant’s stock, valued at approximately $207,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Private Vista LLC lifted its holdings in Mcdonald’s by 101.6% during the 1st quarter. Private Vista LLC now owns 11,948 shares of the fast-food giant’s stock worth $1,869,000 after buying an additional 6,020 shares during the last quarter. BancorpSouth Bank acquired a new stake in shares of Mcdonald’s during the 4th quarter worth approximately $2,411,000. Natixis raised its position in shares of Mcdonald’s by 89.6% during the 1st quarter. Natixis now owns 569,673 shares of the fast-food giant’s stock worth $89,085,000 after purchasing an additional 269,158 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its position in shares of Mcdonald’s by 15.3% during the 1st quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 45,100 shares of the fast-food giant’s stock worth $7,053,000 after purchasing an additional 6,000 shares during the period. Finally, State of New Jersey Common Pension Fund D raised its position in shares of Mcdonald’s by 81.4% during the 1st quarter. State of New Jersey Common Pension Fund D now owns 757,913 shares of the fast-food giant’s stock worth $118,522,000 after purchasing an additional 340,000 shares during the period. 67.92% of the stock is owned by hedge funds and other institutional investors.

MCD opened at $158.14 on Tuesday. Mcdonald’s Corp has a 12 month low of $146.84 and a 12 month high of $178.70. The company has a debt-to-equity ratio of -5.24, a quick ratio of 1.45 and a current ratio of 1.47. The company has a market capitalization of $123.10 billion, a P/E ratio of 23.74, a price-to-earnings-growth ratio of 2.35 and a beta of 0.67.

Mcdonald’s (NYSE:MCD) last issued its quarterly earnings results on Thursday, July 26th. The fast-food giant reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.92 by $0.07. The firm had revenue of $5.35 billion during the quarter, compared to analyst estimates of $5.32 billion. Mcdonald’s had a negative return on equity of 133.89% and a net margin of 25.26%. The firm’s quarterly revenue was down 11.5% on a year-over-year basis. During the same period last year, the company posted $1.73 EPS. research analysts expect that Mcdonald’s Corp will post 7.65 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 18th. Shareholders of record on Tuesday, September 4th will be paid a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date is Friday, August 31st. Mcdonald’s’s payout ratio is currently 60.66%.

A number of analysts have recently weighed in on MCD shares. Barclays reiterated a “buy” rating and set a $204.00 price target on shares of Mcdonald’s in a research report on Wednesday, May 2nd. Goldman Sachs Group reiterated a “buy” rating and set a $185.00 price target on shares of Mcdonald’s in a research report on Wednesday, May 2nd. ValuEngine upgraded Mcdonald’s from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Bank of America set a $190.00 price target on Mcdonald’s and gave the stock a “buy” rating in a research report on Tuesday, May 1st. Finally, JPMorgan Chase & Co. set a $182.00 price target on Mcdonald’s and gave the stock a “buy” rating in a research report on Tuesday, May 1st. Nine investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. Mcdonald’s has an average rating of “Buy” and a consensus price target of $182.18.

Mcdonald’s Company Profile

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products, soft drinks, coffee, and other beverages, as well as breakfast menu. As of December 31, 2017, the company operated 37,241 restaurants, including 34,108 franchised restaurants comprising 21,366 franchised to conventional franchisees, 6,945 licensed to developmental licensees, and 5,797 licensed to foreign affiliates; and 3,133 company-operated restaurants.

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

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