Broderick Brian C Has $362,000 Stake in McDonald’s Corp. (MCD)
Broderick Brian C lowered its position in McDonald’s Corp. (NYSE:MCD) by 25.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,000 shares of the fast-food giant’s stock after selling 1,000 shares during the period. Broderick Brian C’s holdings in McDonald’s Corp. were worth $362,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the company. Invictus RG boosted 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 valued at $115,000 after buying an additional 721 shares in the last quarter. RPg Family Wealth Advisory LLC boosted its stake 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 stake in McDonald’s Corp. during the second quarter valued at approximately $163,000. Cypress Capital Management LLC WY bought a new stake in McDonald’s Corp. during the second quarter valued at approximately $178,000. Finally, Tradewinds Capital Management LLC boosted its stake 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. 69.10% of the stock is owned by hedge funds and other institutional investors.
Shares of McDonald’s Corp. (NYSE:MCD) traded up 0.04% on Friday, hitting $117.41. 1,682,103 shares of the stock were exchanged. McDonald’s Corp. has a 12 month low of $95.78 and a 12 month high of $131.96. The company has a 50-day moving average price of $116.53 and a 200 day moving average price of $122.22. The company has a market cap of $100.19 billion, a PE ratio of 22.42 and a beta of 0.59.
McDonald’s Corp. (NYSE:MCD) last posted its quarterly earnings results on Tuesday, July 26th. The fast-food giant reported $1.45 EPS for the quarter, beating the Zacks’ consensus estimate of $1.39 by $0.06. McDonald’s Corp. had a net margin of 18.73% and a return on equity of 97.56%. The company earned $6.27 billion during the quarter, compared to analyst estimates of $6.28 billion. During the same period in the prior year, the business posted $1.26 EPS. The firm’s revenue was down 3.6% compared to the same quarter last year. Equities analysts forecast that McDonald’s Corp. will post $5.56 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Thursday, September 1st were issued a dividend of $0.89 per share. The ex-dividend date was Tuesday, August 30th. This represents a $3.56 dividend on an annualized basis and a yield of 3.03%. McDonald’s Corp.’s dividend payout ratio is currently 68.59%.
Several equities research analysts recently commented on MCD shares. Sanford C. Bernstein started coverage on shares of McDonald’s Corp. in a research report on Thursday, May 26th. They issued a “market perform” rating and a $129.00 price objective on the stock. Nomura reaffirmed a “buy” rating on shares of McDonald’s Corp. in a research report on Thursday, June 2nd. Credit Agricole SA reaffirmed a “sell” rating and issued a $128.00 price objective on shares of McDonald’s Corp. in a research report on Wednesday, June 8th. Longbow Research reissued a “hold” rating on shares of McDonald’s Corp. in a research report on Wednesday, June 8th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of McDonald’s Corp. in a research report on Wednesday, June 22nd. Two investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and thirteen have given a buy rating to the stock. McDonald’s Corp. presently has an average rating of “Hold” and an average price target of $126.62.
In related news, Chairman Andrew J. Mckenna sold 70,000 shares of the company’s stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $118.28, for a total transaction of $8,279,600.00. Following the completion of the sale, the chairman now directly owns 108,841 shares in the company, valued at approximately $12,873,713.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.28% of the company’s stock.
About McDonald’s Corp.
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.