Sentry Investment Management LLC Has $4.75 Million Holdings in Mcdonald’s Corp (MCD)
Sentry Investment Management LLC cut its stake in shares of Mcdonald’s Corp (NYSE:MCD) by 18.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 28,367 shares of the fast-food giant’s stock after selling 6,449 shares during the quarter. Sentry Investment Management LLC’s holdings in Mcdonald’s were worth $4,746,000 as of its most recent filing with the SEC.
Other institutional investors have also added to or reduced their stakes in the company. CSat Investment Advisory L.P. bought a new position in shares of Mcdonald’s in the second quarter valued at about $104,000. Quad Cities Investment Group LLC bought a new position in shares of Mcdonald’s in the second quarter valued at about $110,000. NuWave Investment Management LLC raised its holdings in shares of Mcdonald’s by 2,485.2% in the third quarter. NuWave Investment Management LLC now owns 698 shares of the fast-food giant’s stock valued at $117,000 after buying an additional 671 shares during the last quarter. Horan Capital Management bought a new position in shares of Mcdonald’s in the second quarter valued at about $121,000. Finally, Truvestments Capital LLC bought a new position in shares of Mcdonald’s in the third quarter valued at about $122,000. 67.08% of the stock is owned by institutional investors and hedge funds.
A number of analysts recently commented on MCD shares. Zacks Investment Research upgraded Mcdonald’s from a “hold” rating to a “buy” rating and set a $199.00 price objective for the company in a research report on Friday, October 26th. Telsey Advisory Group lowered their price objective on Mcdonald’s from $190.00 to $175.00 and set an “outperform” rating for the company in a research report on Friday, July 27th. Imperial Capital lowered their price objective on Mcdonald’s from $190.00 to $175.00 and set an “outperform” rating for the company in a research report on Friday, July 27th. Wells Fargo & Co lifted their price objective on Mcdonald’s from $180.00 to $185.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 8th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $200.00 price objective on shares of Mcdonald’s in a research report on Wednesday, October 24th. Eight investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. Mcdonald’s presently has an average rating of “Buy” and an average target price of $189.62.
Mcdonald’s stock opened at $183.56 on Friday. The stock has a market cap of $141.86 billion, a PE ratio of 27.56, a P/E/G ratio of 2.70 and a beta of 0.53. Mcdonald’s Corp has a 1 year low of $146.84 and a 1 year high of $187.42.
Mcdonald’s (NYSE:MCD) last posted its earnings results on Tuesday, October 23rd. The fast-food giant reported $2.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.99 by $0.11. The company had revenue of $5.37 billion during the quarter, compared to analyst estimates of $5.28 billion. Mcdonald’s had a negative return on equity of 116.43% and a net margin of 24.56%. The company’s revenue for the quarter was down 6.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.76 EPS. Equities research analysts predict that Mcdonald’s Corp will post 7.76 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Monday, December 3rd will be given a dividend of $1.16 per share. This is a positive change from Mcdonald’s’s previous quarterly dividend of $1.01. This represents a $4.64 annualized dividend and a dividend yield of 2.53%. The ex-dividend date is Friday, November 30th. Mcdonald’s’s payout ratio is presently 60.66%.
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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