UMB Bank N A MO Acquires 36,421 Shares of McDonald’s Corp. (MCD)
UMB Bank N A MO increased its stake in McDonald’s Corp. (NYSE:MCD) by 33.0% during the second quarter, Holdings Channel reports. The firm owned 146,652 shares of the fast-food giant’s stock after buying an additional 36,421 shares during the period. UMB Bank N A MO’s holdings in McDonald’s Corp. were worth $17,648,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Renaissance Technologies LLC acquired a new stake in McDonald’s Corp. during the first quarter valued at about $76,602,000. NN Investment Partners Holdings N.V. raised its stake 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 last quarter. UBS Asset Management Americas Inc. raised its stake 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 last quarter. Virginia Retirement System acquired a new stake in McDonald’s Corp. during the first quarter valued at about $53,475,000. Finally, Los Angeles Capital Management & Equity Research Inc. raised its stake 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 last quarter. 69.10% of the stock is owned by hedge funds and other institutional investors.
Shares of McDonald’s Corp. (NYSE:MCD) traded down 1.14% on Friday, hitting $114.09. 5,312,532 shares of the company’s stock traded hands. The company has a market cap of $97.36 billion, a price-to-earnings ratio of 21.79 and a beta of 0.61. McDonald’s Corp. has a 1-year low of $102.08 and a 1-year high of $131.96. The firm’s 50-day moving average price is $115.36 and its 200 day moving average price is $121.39.
McDonald’s Corp. (NYSE:MCD) last issued its earnings results on Tuesday, July 26th. The fast-food giant reported $1.45 EPS for the quarter, beating the Thomson Reuters’ 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 had revenue of $6.27 billion for the quarter, compared to the consensus estimate of $6.28 billion. During the same quarter in the previous year, the company earned $1.26 EPS. The firm’s revenue for the quarter was down 3.6% compared to the same quarter last year. On average, equities research analysts expect that McDonald’s Corp. will post $5.56 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be paid a $0.94 dividend. This represents a $3.76 annualized dividend and a dividend yield of 3.30%. The ex-dividend date is Tuesday, November 29th. This is an increase from McDonald’s Corp.’s previous quarterly dividend of $0.89. McDonald’s Corp.’s payout ratio is currently 68.59%.
Several equities research analysts have recently issued reports on MCD shares. Zacks Investment Research lowered shares of McDonald’s Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, October 4th. Jefferies Group reissued a “hold” rating on shares of McDonald’s Corp. in a research report on Friday, August 5th. Credit Suisse Group AG dropped their price objective on shares of McDonald’s Corp. from $135.00 to $130.00 and set an “outperform” rating for the company in a research report on Monday, June 27th. Deutsche Bank AG reissued a “buy” rating on shares of McDonald’s Corp. in a research report on Wednesday, August 10th. Finally, Vetr raised shares of McDonald’s Corp. from a “hold” rating to a “buy” rating and set a $121.01 price objective for the company in a research report on Wednesday, September 28th. Two research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and fourteen have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $126.01.
In other news, Chairman Andrew J. Mckenna sold 70,000 shares of the business’s stock in a transaction 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 sale, 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 Securities & Exchange Commission, which can be accessed through the SEC website. 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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