Edmond DE Rothschild Holding S.A. Has $21.94 Million Holdings in McDonald’s Co. (NYSE:MCD)

Edmond DE Rothschild Holding S.A. lifted its holdings in McDonald’s Co. (NYSE:MCDGet Rating) by 2.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 88,857 shares of the fast-food giant’s stock after acquiring an additional 1,822 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in McDonald’s were worth $21,937,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in McDonald’s by 1.6% during the first quarter. Vanguard Group Inc. now owns 67,004,180 shares of the fast-food giant’s stock worth $16,568,793,000 after purchasing an additional 1,039,187 shares during the period. Charles Schwab Investment Management Inc. lifted its position in McDonald’s by 2.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 5,117,531 shares of the fast-food giant’s stock worth $1,265,463,000 after purchasing an additional 108,282 shares during the period. Capital World Investors lifted its position in McDonald’s by 91.5% during the first quarter. Capital World Investors now owns 4,472,924 shares of the fast-food giant’s stock worth $1,106,065,000 after purchasing an additional 2,136,776 shares during the period. Invesco Ltd. lifted its position in McDonald’s by 2.5% during the first quarter. Invesco Ltd. now owns 3,809,197 shares of the fast-food giant’s stock worth $941,938,000 after purchasing an additional 93,153 shares during the period. Finally, FMR LLC lifted its position in McDonald’s by 1.9% during the second quarter. FMR LLC now owns 3,512,317 shares of the fast-food giant’s stock worth $867,121,000 after purchasing an additional 66,805 shares during the period. Institutional investors own 67.27% of the company’s stock.

McDonald’s Stock Performance

Shares of MCD stock traded down $1.49 during trading hours on Thursday, hitting $273.27. 2,514,942 shares of the company were exchanged, compared to its average volume of 3,468,101. The firm has a market cap of $200.15 billion, a P/E ratio of 34.42, a P/E/G ratio of 3.22 and a beta of 0.64. McDonald’s Co. has a fifty-two week low of $217.68 and a fifty-two week high of $281.67. The company has a 50 day simple moving average of $256.23 and a two-hundred day simple moving average of $253.25.

McDonald’s (NYSE:MCDGet Rating) last announced its quarterly earnings data on Thursday, October 27th. The fast-food giant reported $2.68 EPS for the quarter, topping the consensus estimate of $2.58 by $0.10. The company had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $5.70 billion. McDonald’s had a net margin of 25.42% and a negative return on equity of 123.40%. The company’s quarterly revenue was down 5.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.76 EPS. As a group, sell-side analysts expect that McDonald’s Co. will post 9.91 EPS for the current fiscal year.

McDonald’s Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be issued a $1.52 dividend. This is a boost from McDonald’s’s previous quarterly dividend of $1.38. This represents a $6.08 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date is Wednesday, November 30th. McDonald’s’s dividend payout ratio (DPR) is currently 69.52%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on MCD. Royal Bank of Canada upped their price objective on shares of McDonald’s from $275.00 to $295.00 and gave the stock an “outperform” rating in a research report on Friday, October 28th. Guggenheim dropped their target price on shares of McDonald’s to $280.00 in a report on Thursday, October 27th. Barclays increased their target price on shares of McDonald’s from $270.00 to $295.00 and gave the stock an “overweight” rating in a report on Friday, October 28th. StockNews.com raised shares of McDonald’s from a “hold” rating to a “buy” rating in a report on Friday, October 28th. Finally, Wedbush increased their target price on shares of McDonald’s from $265.00 to $300.00 and gave the stock an “outperform” rating in a report on Thursday, October 27th. Five research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $287.30.

McDonald’s Profile

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McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer hamburgers and cheeseburgers, chicken sandwiches and nuggets, wraps, fries, salads, oatmeal, shakes, desserts, sundaes, soft serve cones, bakery items, soft drinks, coffee, and beverages and other beverages, as well as breakfast menu, including biscuit and bagel sandwiches, breakfast burritos, hotcakes, and other sandwiches.

See Also

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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