McDonald’s Corp. (MCD) Shares Sold by Advisors Asset Management Inc.
Advisors Asset Management Inc. lowered its position in McDonald’s Corp. (NYSE:MCD) by 31.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 146,276 shares of the fast-food giant’s stock after selling 66,612 shares during the period. Advisors Asset Management Inc.’s holdings in McDonald’s Corp. were worth $17,603,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of the company. Invictus RG raised its stake in shares of 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 raised its stake in shares of 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 worth $123,000 after buying an additional 830 shares in the last quarter. MU Investments Co. Ltd. purchased a new stake in shares of McDonald’s Corp. during the second quarter worth approximately $163,000. Cypress Capital Management LLC WY purchased a new stake in shares of McDonald’s Corp. during the second quarter worth approximately $178,000. Finally, Tradewinds Capital Management LLC raised its stake in shares of 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 worth $187,000 after buying an additional 35 shares in the last quarter. Institutional investors and hedge funds own 69.10% of the company’s stock.
Shares of McDonald’s Corp. (NYSE:MCD) traded up 0.04% during midday trading on Friday, hitting $117.41. The stock had a trading volume of 1,682,103 shares. The company has a market cap of $100.19 billion, a P/E ratio of 22.42 and a beta of 0.59. McDonald’s Corp. has a one year low of $95.78 and a one year high of $131.96. The stock has a 50 day moving average of $116.53 and a 200-day moving average of $122.22.
McDonald’s Corp. (NYSE:MCD) last posted its quarterly earnings results on Tuesday, July 26th. The fast-food giant reported $1.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.39 by $0.06. McDonald’s Corp. had a return on equity of 97.56% and a net margin of 18.73%. The firm earned $6.27 billion during the quarter, compared to the consensus estimate of $6.28 billion. During the same quarter in the previous year, the business earned $1.26 earnings per share. The firm’s quarterly revenue was down 3.6% compared to the same quarter last year. 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. Shareholders of record on Thursday, September 1st were given a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend was Tuesday, August 30th. McDonald’s Corp.’s dividend payout ratio (DPR) is presently 68.59%.
MCD has been the topic of a number of recent research reports. Nomura reiterated a “buy” rating on shares of McDonald’s Corp. in a research report on Thursday, June 2nd. JPMorgan Chase & Co. set a $130.00 target price on McDonald’s Corp. and gave the company a “buy” rating in a research report on Tuesday, July 12th. RBC Capital Markets reiterated a “buy” rating and issued a $140.00 target price on shares of McDonald’s Corp. in a research report on Friday, July 22nd. Vetr upgraded McDonald’s Corp. from a “hold” rating to a “buy” rating and set a $128.73 target price on the stock in a research report on Tuesday, July 26th. Finally, Deutsche Bank AG dropped their target price on McDonald’s Corp. from $140.00 to $135.00 and set a “buy” rating on the stock in a research report on Wednesday, July 27th. Two equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The stock 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 business’s stock in a transaction dated Thursday, August 4th. The stock was 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 owns 108,841 shares of the company’s stock, valued at $12,873,713.48. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.28% of the company’s stock.
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.
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