McDonald’s Corporation (NYSE:MCD) Stake Boosted by Edmond DE Rothschild Holding S.A.
Edmond DE Rothschild Holding S.A. raised its stake in McDonald’s Corporation (NYSE:MCD) by 135.7% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 20,564 shares of the fast-food giant’s stock after buying an additional 11,839 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in McDonald’s Corporation were worth $2,665,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Willis Investment Counsel boosted its position in McDonald’s Corporation by 6.1% in the fourth quarter. Willis Investment Counsel now owns 172,498 shares of the fast-food giant’s stock valued at $20,996,000 after buying an additional 9,900 shares during the period. Thomas J. Herzfeld Advisors Inc. acquired a new position in McDonald’s Corporation during the fourth quarter valued at approximately $131,000. Miles Capital Inc. acquired a new position in McDonald’s Corporation during the fourth quarter valued at approximately $217,000. AE Wealth Management LLC acquired a new position in McDonald’s Corporation during the fourth quarter valued at approximately $1,100,000. Finally, Assenagon Asset Management S.A. acquired a new position in McDonald’s Corporation during the fourth quarter valued at approximately $5,605,000. Institutional investors and hedge funds own 67.52% of the company’s stock.
Shares of McDonald’s Corporation (MCD) traded up 0.63% during midday trading on Thursday, hitting $155.89. The stock had a trading volume of 503,651 shares. The stock has a 50-day moving average of $154.69 and a 200 day moving average of $140.24. McDonald’s Corporation has a 52 week low of $110.33 and a 52 week high of $159.98. The stock has a market cap of $127.06 billion, a PE ratio of 25.52 and a beta of 0.70.
McDonald’s Corporation (NYSE:MCD) last released its quarterly earnings data on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.08. The company had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.96 billion. McDonald’s Corporation had a net margin of 21.00% and a negative return on equity of 266.50%. McDonald’s Corporation’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.45 EPS. Analysts anticipate that McDonald’s Corporation will post $6.55 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, September 1st will be paid a dividend of $0.94 per share. The ex-dividend date is Wednesday, August 30th. This represents a $3.76 annualized dividend and a dividend yield of 2.43%. McDonald’s Corporation’s dividend payout ratio is presently 61.54%.
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Several research analysts recently commented on MCD shares. Wells Fargo & Company upgraded McDonald’s Corporation from a “market perform” rating to an “outperform” rating and cut their price target for the stock from $131.70 to $130.76 in a research note on Monday, April 17th. They noted that the move was a valuation call. Sanford C. Bernstein upgraded McDonald’s Corporation from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $129.00 to $160.00 in a research note on Tuesday, April 18th. Vetr upgraded McDonald’s Corporation from a “sell” rating to a “buy” rating and set a $145.38 price target on the stock in a research note on Tuesday, April 18th. Nomura boosted their price objective on McDonald’s Corporation from $136.00 to $146.00 and gave the company a “buy” rating in a report on Thursday, April 20th. Finally, Telsey Advisory Group boosted their price objective on McDonald’s Corporation from $136.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, April 21st. Thirteen analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $162.16.
In other news, insider Douglas M. Goare sold 17,286 shares of the business’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $158.50, for a total transaction of $2,739,831.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Jerome N. Krulewitch sold 11,755 shares of the business’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $158.38, for a total transaction of $1,861,756.90. Following the transaction, the executive vice president now owns 11,755 shares in the company, valued at $1,861,756.90. The disclosure for this sale can be found here. Insiders have sold a total of 54,363 shares of company stock worth $8,615,125 over the last 90 days. 0.24% of the stock is owned by company insiders.
About McDonald’s Corporation
McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of 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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