JFS Wealth Advisors LLC Has $1,373,000 Position in McDonald’s Corp. (MCD)
JFS Wealth Advisors LLC lowered its stake in McDonald’s Corp. (NYSE:MCD) by 3.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,409 shares of the fast-food giant’s stock after selling 467 shares during the period. JFS Wealth Advisors LLC’s holdings in McDonald’s Corp. were worth $1,373,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in the company. Renaissance Technologies LLC bought a new position in McDonald’s Corp. during the first quarter valued at approximately $76,602,000. NN Investment Partners Holdings N.V. raised its position in McDonald’s Corp. by 109.4% in the second quarter. NN Investment Partners Holdings N.V. now owns 1,161,699 shares of the fast-food giant’s stock valued at $139,800,000 after buying an additional 607,056 shares during the period. UBS Asset Management Americas Inc. raised its position in McDonald’s Corp. by 15.5% in the first quarter. UBS Asset Management Americas Inc. now owns 3,433,335 shares of the fast-food giant’s stock valued at $431,501,000 after buying an additional 461,750 shares during the period. Virginia Retirement System bought a new position in McDonald’s Corp. during the first quarter valued at approximately $53,475,000. Finally, Los Angeles Capital Management & Equity Research Inc. raised its position in McDonald’s Corp. by 92.3% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 822,646 shares of the fast-food giant’s stock valued at $103,390,000 after buying an additional 394,883 shares during the period. 69.10% of the stock is currently owned by hedge funds and other institutional investors.
Shares of McDonald’s Corp. (NYSE:MCD) traded down 0.41% during midday trading on Friday, hitting $113.45. The stock had a trading volume of 4,153,139 shares. McDonald’s Corp. has a one year low of $101.60 and a one year high of $131.96. The firm has a market capitalization of $96.81 billion, a PE ratio of 21.66 and a beta of 0.61. The firm’s 50-day moving average price is $115.46 and its 200-day moving average price is $121.70.
McDonald’s Corp. (NYSE:MCD) last issued its quarterly earnings data on Tuesday, July 26th. The fast-food giant reported $1.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 company posted $1.26 EPS. The business’s revenue for the quarter was down 3.6% compared to the same quarter last year. On average, equities analysts predict that McDonald’s Corp. will post $5.56 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders 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. The ex-dividend date is Tuesday, November 29th. This represents a $3.76 annualized dividend and a yield of 3.31%. McDonald’s Corp.’s payout ratio is presently 68.59%.
Several equities analysts recently commented on MCD shares. Zacks Investment Research raised McDonald’s Corp. from a “hold” rating to a “buy” rating and set a $131.00 price target on the stock in a research report on Tuesday, September 27th. Vetr raised McDonald’s Corp. from a “hold” rating to a “buy” rating and set a $121.01 price target on the stock in a research report on Monday, September 5th. Morgan Stanley reissued a “hold” rating and set a $118.00 price target on shares of McDonald’s Corp. in a research report on Thursday, July 28th. Credit Suisse Group AG reissued an “outperform” rating and set a $132.00 price target on shares of McDonald’s Corp. in a research report on Friday, September 16th. Finally, Canaccord Genuity started coverage on McDonald’s Corp. in a research report on Monday, August 22nd. They set a “hold” rating and a $122.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $125.85.
In other McDonald’s Corp. news, Chairman Andrew J. Mckenna sold 70,000 shares of McDonald’s Corp. stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $118.28, for a total value of $8,279,600.00. Following the completion of the transaction, the chairman now owns 108,841 shares in the company, valued at approximately $12,873,713.48. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.28% of the stock is owned by company 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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