Wright Investors Service Inc. Acquires 2,041 Shares of Mcdonald’s Corp (NYSE:MCD)
Wright Investors Service Inc. increased its holdings in Mcdonald’s Corp (NYSE:MCD) by 51.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,029 shares of the fast-food giant’s stock after purchasing an additional 2,041 shares during the period. Wright Investors Service Inc.’s holdings in Mcdonald’s were worth $1,252,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Lourd Capital LLC boosted its holdings in Mcdonald’s by 8.2% in the second quarter. Lourd Capital LLC now owns 1,593 shares of the fast-food giant’s stock worth $331,000 after purchasing an additional 121 shares in the last quarter. GFS Advisors LLC bought a new stake in Mcdonald’s in the second quarter worth $212,000. Hudson Valley Investment Advisors Inc. ADV boosted its holdings in Mcdonald’s by 1.4% in the second quarter. Hudson Valley Investment Advisors Inc. ADV now owns 5,601 shares of the fast-food giant’s stock worth $1,163,000 after purchasing an additional 75 shares in the last quarter. Dixon Hubard Feinour & Brown Inc. VA boosted its holdings in Mcdonald’s by 4.4% in the first quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 7,094 shares of the fast-food giant’s stock worth $1,347,000 after purchasing an additional 297 shares in the last quarter. Finally, Advisory Services Network LLC boosted its holdings in Mcdonald’s by 2.9% in the first quarter. Advisory Services Network LLC now owns 18,808 shares of the fast-food giant’s stock worth $3,572,000 after purchasing an additional 522 shares in the last quarter. Hedge funds and other institutional investors own 68.21% of the company’s stock.
A number of research analysts have weighed in on the stock. Cleveland Research reissued a “hold” rating on shares of Mcdonald’s in a research report on Friday, July 12th. UBS Group boosted their target price on shares of Mcdonald’s from $203.00 to $218.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Robert W. Baird boosted their target price on shares of Mcdonald’s from $225.00 to $230.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Mizuho boosted their target price on shares of Mcdonald’s from $215.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Finally, Stephens boosted their target price on shares of Mcdonald’s from $220.00 to $230.00 and gave the stock an “overweight” rating in a research report on Monday, July 29th. Eight research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. Mcdonald’s currently has an average rating of “Buy” and a consensus price target of $220.23.
Shares of MCD traded up $1.10 during trading hours on Thursday, reaching $217.58. 114,990 shares of the company traded hands, compared to its average volume of 3,209,126. The firm has a fifty day moving average of $213.35. The firm has a market cap of $164.87 billion, a PE ratio of 27.55, a P/E/G ratio of 3.11 and a beta of 0.49. Mcdonald’s Corp has a 1-year low of $156.56 and a 1-year high of $221.93.
Mcdonald’s (NYSE:MCD) last announced its quarterly earnings data on Friday, July 26th. The fast-food giant reported $2.05 EPS for the quarter, missing the Zacks’ consensus estimate of $2.06 by ($0.01). The company had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.34 billion. Mcdonald’s had a net margin of 28.32% and a negative return on equity of 92.02%. The firm’s quarterly revenue was down .2% on a year-over-year basis. During the same period in the prior year, the company posted $1.99 EPS. Equities research analysts forecast that Mcdonald’s Corp will post 8 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be given a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date is Friday, August 30th. Mcdonald’s’s dividend payout ratio is currently 58.73%.
Mcdonald’s Company 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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