McDonald’s Corporation $MCD Holdings Cut by Fifth Third Bancorp

Fifth Third Bancorp cut its position in shares of McDonald’s Corporation (NYSE:MCD) by 5.9% during the third quarter, Holdings Channel.com reports. The firm owned 701,961 shares of the fast-food giant’s stock after selling 43,860 shares during the quarter. Fifth Third Bancorp’s holdings in McDonald’s were worth $162,111,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. GKV Capital Management Co. Inc. acquired a new stake in shares of McDonald’s during the 1st quarter worth approximately $33,000. Valued Wealth Advisors LLC raised its position in shares of McDonald’s by 121.1% during the 3rd quarter. Valued Wealth Advisors LLC now owns 168 shares of the fast-food giant’s stock valued at $39,000 after buying an additional 92 shares during the period. Burkett Financial Services LLC raised its position in shares of McDonald’s by 2,312.5% during the 3rd quarter. Burkett Financial Services LLC now owns 193 shares of the fast-food giant’s stock valued at $45,000 after buying an additional 185 shares during the period. POM Investment Strategies LLC lifted its holdings in McDonald’s by 46.2% in the second quarter. POM Investment Strategies LLC now owns 174 shares of the fast-food giant’s stock valued at $47,000 after acquiring an additional 55 shares during the last quarter. Finally, Westfuller Advisors LLC lifted its holdings in McDonald’s by 140.0% in the second quarter. Westfuller Advisors LLC now owns 180 shares of the fast-food giant’s stock valued at $49,000 after acquiring an additional 105 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald’s Stock Performance

McDonald’s stock opened at $275.30 on Thursday. The company’s 50 day simple moving average is $249.73 and its 200-day simple moving average is $282.16. McDonald’s Corporation has a 1 year low of $229.20 and a 1 year high of $341.75. The company has a market capitalization of $194.30 billion, a price-to-earnings ratio of 21.78, a price-to-earnings-growth ratio of 3.26 and a beta of 0.42.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Wednesday, November 4th. The fast-food giant reported $3.57 earnings per share for the quarter, topping analysts’ consensus estimates of $3.38 by $0.19. The firm had revenue of $7.16 billion during the quarter, compared to analysts’ expectations of $7.28 billion. McDonald’s had a net margin of 32.38% and a negative return on equity of 826.29%. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the company posted $3.22 EPS. Equities analysts expect that McDonald’s Corporation will post 12.91 earnings per share for the current year.

McDonald’s Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be paid a dividend of $1.93 per share. This represents a $7.72 dividend on an annualized basis and a yield of 2.8%. This is a positive change from McDonald’s’s previous quarterly dividend of $1.86. The ex-dividend date is Tuesday, December 1st. McDonald’s’s payout ratio is currently 61.08%.

McDonald’s News Roundup

Investors following MCD have been watching these news items:

• Positive Sentiment: McDonald’s and Uber are expanding their delivery and loyalty partnership across 14 markets, including the U.S. and U.K. The effort could increase delivery orders, improve customer engagement and generate incremental sales. McDonald’s and Uber expand delivery and loyalty tie-up
• Positive Sentiment: An analyst upgrade was reported overnight, providing a potential positive signal on the stock, though the headline does not identify the analyst’s rationale or price target. McDonald’s Stock Price Up 1.8% on Analyst Upgrade
• Negative Sentiment: A market commentary says Treasury yields near 5% are pressuring valuations across stocks. Higher yields can make dividend-paying shares like MCD less attractive relative to bonds and weigh on valuation multiples. Bonds Are Paying 5% Again

Analysts Set New Price Targets

Several research analysts recently weighed in on MCD shares. Gordon Haskett lowered their price objective on McDonald’s from $315.00 to $285.00 and set a “buy” rating for the company in a research report on Thursday, September 24th. Robert W. Baird reduced their target price on McDonald’s from $285.00 to $250.00 and set a “neutral” rating on the stock in a research report on Thursday, September 24th. Argus upped their price target on McDonald’s from $310.00 to $320.00 and gave the company a “buy” rating in a research note on Friday, November 6th. DZ Bank reaffirmed a “buy” rating on shares of McDonald’s in a research note on Thursday, September 24th. Finally, Mizuho lowered their price target on McDonald’s from $290.00 to $260.00 and set a “neutral” rating for the company in a report on Friday, October 30th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, McDonald’s currently has a consensus rating of “Moderate Buy” and an average price target of $297.82.

McDonald’s Profile

McDonald’s Corporation is a global quick-service restaurant company that operates and franchises restaurants under the McDonald’s brand. Its restaurants serve a menu that includes hamburgers, cheeseburgers, chicken sandwiches, French fries, breakfast items, desserts, salads, beverages and coffee. Offerings vary by market, and many locations provide drive-thru service, delivery and digital ordering through the McDonald’s mobile app. The company operates through a heavily franchised business model, with restaurants owned and operated by independent franchisees, affiliates and the company itself.