McDonald’s Corp. (MCD) Stake Lowered by Whitnell & Co.
Whitnell & Co. reduced its position in McDonald’s Corp. (NYSE:MCD) by 1.5% during the second quarter, Holdings Channel reports. The firm owned 32,176 shares of the fast-food giant’s stock after selling 497 shares during the period. McDonald’s Corp. accounts for 1.3% of Whitnell & Co.’s holdings, making the stock its 13th largest position. Whitnell & Co.’s holdings in McDonald’s Corp. were worth $3,872,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of MCD. Invictus RG increased its stake in McDonald’s Corp. by 364.1% in the first quarter. Invictus RG now owns 919 shares of the fast-food giant’s stock worth $115,000 after buying an additional 721 shares during the last quarter. RPg Family Wealth Advisory LLC increased its position in McDonald’s Corp. by 572.4% in the first quarter. RPg Family Wealth Advisory LLC now owns 975 shares of the fast-food giant’s stock valued at $123,000 after buying an additional 830 shares in the last quarter. MU Investments Co. Ltd. bought a new position in McDonald’s Corp. during the second quarter valued at approximately $163,000. Cypress Capital Management LLC WY bought a new position in McDonald’s Corp. during the second quarter valued at approximately $178,000. Finally, Tradewinds Capital Management LLC increased its position in McDonald’s Corp. by 2.3% in the second quarter. Tradewinds Capital Management LLC now owns 1,557 shares of the fast-food giant’s stock valued at $187,000 after buying an additional 35 shares in the last quarter. Institutional investors own 69.19% of the company’s stock.
Shares of McDonald’s Corp. (NYSE:MCD) traded up 1.1196% on Tuesday, reaching $116.4999. 2,880,942 shares of the company traded hands. The stock has a market capitalization of $99.42 billion, a price-to-earnings ratio of 22.2455 and a beta of 0.59. The company has a 50-day moving average of $116.61 and a 200-day moving average of $122.30. McDonald’s Corp. has a 1-year low of $95.78 and a 1-year high of $131.96.
McDonald’s Corp. (NYSE:MCD) last announced its earnings results on Tuesday, July 26th. The fast-food giant reported $1.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.39 by $0.06. The company earned $6.27 billion during the quarter, compared to the consensus estimate of $6.28 billion. McDonald’s Corp. had a net margin of 18.73% and a return on equity of 97.56%. McDonald’s Corp.’s revenue was down 3.6% compared to the same quarter last year. During the same period last year, the firm earned $1.26 earnings per share. Analysts anticipate that McDonald’s Corp. will post $5.56 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Thursday, September 1st were paid a $0.89 dividend. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $3.56 annualized dividend and a yield of 3.09%. McDonald’s Corp.’s dividend payout ratio (DPR) is 68.59%.
Several research analysts have recently commented on the company. Nomura reiterated a “hold” rating on shares of McDonald’s Corp. in a report on Tuesday, July 12th. SunTrust Banks Inc. set a $138.00 price objective on McDonald’s Corp. and gave the stock a “buy” rating in a report on Wednesday, July 27th. Vetr downgraded McDonald’s Corp. from a “buy” rating to a “hold” rating and set a $128.73 price objective on the stock. in a report on Thursday, July 14th. Longbow Research reiterated a “hold” rating on shares of McDonald’s Corp. in a report on Wednesday, June 8th. Finally, Jefferies Group reiterated a “hold” rating on shares of McDonald’s Corp. in a report on Wednesday, July 27th. Two analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $126.62.
In other McDonald’s Corp. news, Chairman Andrew J. Mckenna sold 70,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $118.28, for a total value of $8,279,600.00. Following the completion of the sale, the chairman now directly owns 108,841 shares in the company, valued at $12,873,713.48. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.28% of the stock is currently owned by company insiders.
McDonald’s Corp. Company Profile
McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally-relevant menu of quality food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets and Foundational Markets and Corporate.
Want to see what other hedge funds are holding MCD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for McDonald’s Corp. (NYSE:MCD).
Receive News & Ratings for McDonald's Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDonald's Corp. and related companies with MarketBeat.com's FREE daily email newsletter.