First Personal Financial Services Acquires 2,350 Shares of McDonald’s Corp. (MCD)
First Personal Financial Services raised its position in shares of McDonald’s Corp. (NYSE:MCD) by 11.7% during the second quarter, Holdings Channel reports. The fund owned 22,476 shares of the fast-food giant’s stock after buying an additional 2,350 shares during the period. First Personal Financial Services’ holdings in McDonald’s Corp. were worth $2,705,000 as of its most recent filing with the SEC.
A number of other hedge funds have also added to or reduced their stakes in MCD. Glassman Wealth Services increased its stake in shares of McDonald’s Corp. by 27.4% in the second quarter. Glassman Wealth Services now owns 930 shares of the fast-food giant’s stock worth $112,000 after buying an additional 200 shares in the last quarter. Invictus RG increased 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 in the last quarter. RPg Family Wealth Advisory LLC increased 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 about $163,000. Finally, Cypress Capital Management LLC WY purchased a new stake in shares of McDonald’s Corp. during the second quarter worth about $178,000. Institutional investors own 69.10% of the company’s stock.
McDonald’s Corp. (NYSE:MCD) traded up 0.16% during mid-day trading on Tuesday, reaching $114.82. 792,799 shares of the company were exchanged. The stock has a market capitalization of $97.98 billion, a P/E ratio of 21.92 and a beta of 0.61. The company’s 50 day moving average price is $115.93 and its 200-day moving average price is $121.97. McDonald’s Corp. has a 12 month low of $100.34 and a 12 month high of $131.96.
McDonald’s Corp. (NYSE:MCD) last posted its quarterly earnings data 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 firm had revenue of $6.27 billion for the quarter, compared to the consensus estimate of $6.28 billion. During the same period in the prior year, the firm posted $1.26 EPS. The firm’s revenue was down 3.6% compared to the same quarter last year. On average, equities analysts expect that McDonald’s Corp. will post $5.56 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be given a $0.94 dividend. This is an increase from McDonald’s Corp.’s previous quarterly dividend of $0.89. This represents a $3.76 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date is Tuesday, November 29th. McDonald’s Corp.’s dividend payout ratio (DPR) is presently 68.59%.
A number of brokerages have recently issued reports on MCD. Vetr downgraded shares of McDonald’s Corp. from a “buy” rating to a “hold” rating and set a $114.15 price target for the company. in a report on Monday. Zacks Investment Research upgraded shares of McDonald’s Corp. from a “hold” rating to a “buy” rating and set a $131.00 price target for the company in a report on Tuesday, September 27th. Credit Suisse Group AG restated an “outperform” rating and set a $132.00 price target on shares of McDonald’s Corp. in a report on Friday, September 16th. Citigroup Inc. cut their price target on shares of McDonald’s Corp. from $130.00 to $122.00 and set a “neutral” rating for the company in a report on Tuesday, September 13th. Finally, Robert W. Baird restated an “outperform” rating on shares of McDonald’s Corp. in a report on Thursday, September 8th. Two analysts have rated the stock with a sell rating, eighteen have issued 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 price target of $125.85.
In other news, Chairman Andrew J. Mckenna sold 70,000 shares of the firm’s stock in a transaction dated 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 transaction, the chairman now directly owns 108,841 shares in the company, valued at approximately $12,873,713.48. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.28% of the stock is currently owned by insiders.
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.
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