Domani Wealth LLC grew its holdings in shares of Mcdonald’s Corp (NYSE:MCD) by 39.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,001 shares of the fast-food giant’s stock after buying an additional 564 shares during the period. Domani Wealth LLC’s holdings in Mcdonald’s were worth $380,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Aldebaran Financial Inc. grew its holdings in shares of Mcdonald’s by 0.7% during the 1st quarter. Aldebaran Financial Inc. now owns 7,325 shares of the fast-food giant’s stock valued at $1,391,000 after acquiring an additional 53 shares in the last quarter. Old Port Advisors lifted its stake in shares of Mcdonald’s by 4.9% in the 1st quarter. Old Port Advisors now owns 1,232 shares of the fast-food giant’s stock valued at $234,000 after purchasing an additional 58 shares during the last quarter. Moloney Securities Asset Management LLC lifted its position in Mcdonald’s by 0.8% during the 4th quarter. Moloney Securities Asset Management LLC now owns 7,642 shares of the fast-food giant’s stock worth $1,357,000 after acquiring an additional 59 shares during the last quarter. CapWealth Advisors LLC lifted its position in Mcdonald’s by 1.9% during the 4th quarter. CapWealth Advisors LLC now owns 3,230 shares of the fast-food giant’s stock worth $574,000 after acquiring an additional 60 shares during the last quarter. Finally, Cordasco Financial Network lifted its position in Mcdonald’s by 19.0% during the 1st quarter. Cordasco Financial Network now owns 375 shares of the fast-food giant’s stock worth $71,000 after acquiring an additional 60 shares during the last quarter. 67.76% of the stock is currently owned by institutional investors.

A number of research analysts have recently commented on MCD shares. Robert W. Baird upped their price objective on shares of Mcdonald’s from $196.00 to $205.00 in a research report on Monday, April 1st. Mizuho upped their price objective on shares of Mcdonald’s from $204.00 to $215.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. BTIG Research increased their price target on shares of Mcdonald’s to $220.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. SunTrust Banks increased their price target on shares of Mcdonald’s to $230.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Finally, Bank of America increased their price objective on shares of Mcdonald’s from $200.00 to $215.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Seven research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $204.43.

Shares of MCD opened at $204.93 on Thursday. Mcdonald’s Corp has a 1-year low of $153.13 and a 1-year high of $206.39. The company has a market capitalization of $156.90 billion, a P/E ratio of 25.94, a P/E/G ratio of 2.88 and a beta of 0.50.

Mcdonald’s (NYSE:MCD) last issued its earnings results on Tuesday, April 30th. The fast-food giant reported $1.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.73 by ($0.01). Mcdonald’s had a negative return on equity of 95.31% and a net margin of 28.20%. The firm had revenue of $4.96 billion during the quarter, compared to the consensus estimate of $4.94 billion. During the same quarter in the prior year, the business posted $1.79 EPS. The firm’s revenue for the quarter was down 3.6% on a year-over-year basis. As a group, equities analysts anticipate that Mcdonald’s Corp will post 8.04 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be given a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 2.26%. The ex-dividend date is Friday, May 31st. Mcdonald’s’s dividend payout ratio is currently 58.73%.

In other news, CFO Kevin M. Ozan sold 40,930 shares of Mcdonald’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $195.90, for a total value of $8,018,187.00. Following the completion of the transaction, the chief financial officer now owns 42,647 shares of the company’s stock, valued at approximately $8,354,547.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Christopher J. Kempczinski sold 38,729 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $195.21, for a total value of $7,560,288.09. Following the completion of the transaction, the insider now directly owns 11,658 shares of the company’s stock, valued at approximately $2,275,758.18. The disclosure for this sale can be found here. Insiders have sold 104,449 shares of company stock valued at $20,458,931 in the last three months. Insiders own 0.25% of the company’s stock.

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Mcdonald’s Profile

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products, soft drinks, coffee, and other beverages, as well as breakfast menu. As of December 31, 2018, the company operated 37,855 restaurants, including 35,085 franchised restaurants comprising 21,685 franchised to conventional franchisees, 7,225 licensed to developmental licensees, and 6,175 licensed to foreign affiliates; and 2,770 company-operated restaurants.

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Institutional Ownership by Quarter for Mcdonald`s (NYSE:MCD)

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