Mcdonald’s Corp (NYSE:MCD) Shares Sold by American Economic Planning Group Inc. ADV
American Economic Planning Group Inc. ADV trimmed its position in Mcdonald’s Corp (NYSE:MCD) by 3.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,437 shares of the fast-food giant’s stock after selling 53 shares during the period. American Economic Planning Group Inc. ADV’s holdings in Mcdonald’s were worth $305,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Krane Funds Advisors LLC bought a new position in shares of Mcdonald’s in the second quarter valued at $25,000. Litman Gregory Asset Management LLC bought a new position in shares of Mcdonald’s in the second quarter valued at $27,000. Atlas Capital Advisors LLC increased its holdings in shares of Mcdonald’s by 330.3% in the second quarter. Atlas Capital Advisors LLC now owns 142 shares of the fast-food giant’s stock valued at $29,000 after buying an additional 109 shares in the last quarter. Westside Investment Management Inc. bought a new position in shares of Mcdonald’s in the second quarter valued at $34,000. Finally, Next Capital Management LLC bought a new position in shares of Mcdonald’s in the second quarter valued at $41,000. Hedge funds and other institutional investors own 67.60% of the company’s stock.
Several research analysts have issued reports on the company. Cleveland Research reaffirmed a “hold” rating on shares of Mcdonald’s in a report on Friday, July 12th. Piper Jaffray Companies set a $226.00 target price on shares of Mcdonald’s and gave the company a “buy” rating in a research note on Wednesday, September 18th. BTIG Research boosted their target price on shares of Mcdonald’s from $220.00 to $240.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. Cowen boosted their target price on shares of Mcdonald’s from $225.00 to $235.00 and gave the company an “outperform” rating in a research note on Thursday, July 18th. Finally, Jefferies Financial Group boosted their target price on shares of Mcdonald’s from $225.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, June 28th. Nine research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $221.19.
Shares of NYSE MCD traded up $1.72 during mid-day trading on Wednesday, reaching $212.83. The company had a trading volume of 1,745,353 shares, compared to its average volume of 3,114,504. Mcdonald’s Corp has a twelve month low of $161.82 and a twelve month high of $221.93. The stock has a market capitalization of $160.77 billion, a PE ratio of 26.94, a price-to-earnings-growth ratio of 3.14 and a beta of 0.49. The stock’s 50 day moving average is $214.05 and its 200-day moving average is $205.63.
Mcdonald’s (NYSE:MCD) last posted its quarterly earnings results on Friday, July 26th. The fast-food giant reported $2.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.06 by ($0.01). Mcdonald’s had a negative return on equity of 92.02% and a net margin of 28.32%. The company had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.34 billion. During the same period last year, the company posted $1.99 earnings per share. The company’s revenue was down .2% compared to the same quarter last year. Sell-side analysts forecast that Mcdonald’s Corp will post 8.01 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $1.25 dividend. The ex-dividend date of this dividend is Friday, November 29th. This is an increase from Mcdonald’s’s previous quarterly dividend of $1.16. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.35%. Mcdonald’s’s dividend payout ratio is 58.73%.
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, 2018, the company operated 37,855 restaurants, including 35,085 franchised restaurants comprising 21,685 franchised to conventional franchisees, 7,225 licensed to developmental licensees, and 6,175 licensed to foreign affiliates; and 2,770 company-operated restaurants.
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