Schroder Investment Management Group Has $107.51 Million Position in McDonald’s Corporation (MCD)
Schroder Investment Management Group decreased its position in McDonald’s Corporation (NYSE:MCD) by 14.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 702,105 shares of the fast-food giant’s stock after selling 116,103 shares during the period. Schroder Investment Management Group owned approximately 0.09% of McDonald’s worth $107,513,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the stock. Old Mutual Global Investors UK Ltd. boosted its stake in McDonald’s by 1,065.5% in the 2nd quarter. Old Mutual Global Investors UK Ltd. now owns 208,142 shares of the fast-food giant’s stock worth $31,879,000 after purchasing an additional 190,284 shares in the last quarter. Empirical Financial Services LLC bought a new position in McDonald’s during the 2nd quarter valued at about $254,000. IFM Investors Pty Ltd lifted its stake in McDonald’s by 113.4% during the 2nd quarter. IFM Investors Pty Ltd now owns 22,687 shares of the fast-food giant’s stock valued at $3,475,000 after acquiring an additional 12,054 shares during the period. Shoker Investment Counsel Inc. lifted its stake in McDonald’s by 1.4% during the 2nd quarter. Shoker Investment Counsel Inc. now owns 9,806 shares of the fast-food giant’s stock valued at $1,501,000 after acquiring an additional 134 shares during the period. Finally, Dearborn Partners LLC lifted its stake in McDonald’s by 2.6% during the 2nd quarter. Dearborn Partners LLC now owns 252,900 shares of the fast-food giant’s stock valued at $38,734,000 after acquiring an additional 6,412 shares during the period. Institutional investors own 67.40% of the company’s stock.
Several equities analysts have issued reports on the stock. ValuEngine cut shares of McDonald’s from a “buy” rating to a “hold” rating in a research note on Friday. BidaskClub upgraded shares of McDonald’s from a “hold” rating to a “buy” rating in a research note on Monday, August 14th. Bank of America restated a “buy” rating and set a $175.00 target price on shares of McDonald’s in a research note on Monday, August 14th. Nomura set a $183.00 target price on shares of McDonald’s and gave the company a “buy” rating in a research note on Tuesday, October 17th. Finally, Longbow Research upgraded shares of McDonald’s from a “neutral” rating to a “buy” rating and upped their target price for the company from $154.05 to $183.00 in a research note on Thursday, September 28th. Eleven equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. McDonald’s has an average rating of “Buy” and a consensus target price of $171.95.
In related news, insider Stephen Easterbrook sold 171,577 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $168.32, for a total value of $28,879,840.64. Following the completion of the sale, the insider now directly owns 49,778 shares of the company’s stock, valued at approximately $8,378,632.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP James R. Sappington sold 8,046 shares of the stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $165.00, for a total transaction of $1,327,590.00. Following the completion of the sale, the vice president now directly owns 15,739 shares of the company’s stock, valued at $2,596,935. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.
Shares of McDonald’s Corporation (NYSE MCD) opened at $172.87 on Friday. McDonald’s Corporation has a 52-week low of $117.71 and a 52-week high of $173.17. The company has a market cap of $137,092.02, a PE ratio of 26.87, a PEG ratio of 2.81 and a beta of 0.67. The company has a debt-to-equity ratio of -8.17, a quick ratio of 1.27 and a current ratio of 1.28.
McDonald’s (NYSE:MCD) last released its quarterly earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.75 by $0.01. The firm had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.75 billion. McDonald’s had a net margin of 24.19% and a negative return on equity of 216.45%. The business’s revenue for the quarter was down 10.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.62 EPS. sell-side analysts expect that McDonald’s Corporation will post 6.52 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 2.34%. This is a positive change from McDonald’s’s previous quarterly dividend of $0.94. The ex-dividend date is Thursday, November 30th. McDonald’s’s dividend payout ratio is currently 58.30%.
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McDonald’s Company Profile
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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