Alps Advisors Inc. bought a new position in Mcdonald’s Corp (NYSE:MCD) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,575 shares of the fast-food giant’s stock, valued at approximately $1,197,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Salomon & Ludwin LLC grew its stake in shares of Mcdonald’s by 3.7% during the 2nd quarter. Salomon & Ludwin LLC now owns 1,280 shares of the fast-food giant’s stock valued at $266,000 after buying an additional 46 shares during the period. First Command Financial Services Inc. boosted its position in Mcdonald’s by 2.7% during the 2nd quarter. First Command Financial Services Inc. now owns 1,857 shares of the fast-food giant’s stock worth $386,000 after purchasing an additional 48 shares during the period. Graves Light Private Wealth Management Inc. boosted its position in Mcdonald’s by 1.5% during the 2nd quarter. Graves Light Private Wealth Management Inc. now owns 3,428 shares of the fast-food giant’s stock worth $712,000 after purchasing an additional 49 shares during the period. Larson Financial Group LLC boosted its position in Mcdonald’s by 10.1% during the 3rd quarter. Larson Financial Group LLC now owns 535 shares of the fast-food giant’s stock worth $115,000 after purchasing an additional 49 shares during the period. Finally, Gilman Hill Asset Management LLC boosted its position in Mcdonald’s by 2.2% during the 2nd quarter. Gilman Hill Asset Management LLC now owns 2,344 shares of the fast-food giant’s stock worth $487,000 after purchasing an additional 50 shares during the period. 67.91% of the stock is owned by hedge funds and other institutional investors.

Shares of Mcdonald’s stock opened at $193.61 on Monday. The firm has a market cap of $144.73 billion, a PE ratio of 24.51, a price-to-earnings-growth ratio of 3.04 and a beta of 0.48. The firm’s 50-day simple moving average is $204.71 and its 200-day simple moving average is $207.29. Mcdonald’s Corp has a 1 year low of $169.04 and a 1 year high of $221.93.

Mcdonald’s (NYSE:MCD) last issued its earnings results on Tuesday, October 22nd. The fast-food giant reported $2.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.10). The company had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.47 billion. Mcdonald’s had a net margin of 28.09% and a negative return on equity of 85.71%. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter last year, the company posted $2.10 EPS. Equities analysts expect that Mcdonald’s Corp will post 7.87 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.58%. 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. Mcdonald’s’s dividend payout ratio is currently 58.73%.

In other Mcdonald’s news, CEO Christopher J. Kempczinski acquired 2,580 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was acquired at an average price of $193.81 per share, with a total value of $500,029.80. Following the transaction, the chief executive officer now directly owns 2,580 shares in the company, valued at $500,029.80. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, VP Catherine A. Hoovel sold 457 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $218.15, for a total transaction of $99,694.55. Following the sale, the vice president now directly owns 1,348 shares of the company’s stock, valued at approximately $294,066.20. The disclosure for this sale can be found here. 0.25% of the stock is owned by corporate insiders.

MCD has been the subject of a number of research reports. DZ Bank reaffirmed a “hold” rating and set a $220.00 price target (down from $222.00) on shares of Mcdonald’s in a research report on Tuesday, July 30th. Telsey Advisory Group decreased their price target on shares of Mcdonald’s from $230.00 to $220.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. Morgan Stanley decreased their price target on shares of Mcdonald’s from $220.00 to $214.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. SunTrust Banks decreased their price target on shares of Mcdonald’s from $240.00 to $230.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Finally, Robert W. Baird decreased their price target on shares of Mcdonald’s from $230.00 to $225.00 and set an “outperform” rating for the company in a research report on Tuesday, October 22nd. Eight investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. Mcdonald’s currently has a consensus rating of “Buy” and a consensus target price of $222.96.

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

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