McDonald’s Corporation $MCD Shares Newly Bought by First Nebraska Trust Co

First Nebraska Trust Co bought a new position in shares of McDonald’s Corporation (NYSE:MCD – Free Report) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 6,006 shares of the fast-food giant’s stock, valued at approximately $1,387,000.

A number of other institutional investors have also recently modified their holdings of the business. Ascentis Wealth Management LLC raised its position in McDonald’s by 4,008.8% during the second quarter. Ascentis Wealth Management LLC now owns 84,230 shares of the fast-food giant’s stock worth $22,768,000 after acquiring an additional 82,180 shares during the period. Ridgewood Investments LLC acquired a new stake in shares of McDonald’s in the third quarter valued at about $1,026,000. Borer Denton & Associates Inc. grew its position in shares of McDonald’s by 16.9% in the second quarter. Borer Denton & Associates Inc. now owns 13,859 shares of the fast-food giant’s stock valued at $3,746,000 after purchasing an additional 2,000 shares during the period. HighTower Advisors LLC grew its position in shares of McDonald’s by 7.1% in the second quarter. HighTower Advisors LLC now owns 1,471,725 shares of the fast-food giant’s stock valued at $397,822,000 after purchasing an additional 97,060 shares during the period. Finally, Viking Fund Management LLC increased its stake in shares of McDonald’s by 60.0% during the third quarter. Viking Fund Management LLC now owns 40,000 shares of the fast-food giant’s stock worth $9,238,000 after purchasing an additional 15,000 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald’s Stock Down 1.1%

McDonald’s stock opened at $262.75 on Wednesday. McDonald’s Corporation has a 52-week low of $229.20 and a 52-week high of $341.75. The firm has a market capitalization of $185.93 billion, a price-to-earnings ratio of 21.34, a PEG ratio of 3.03 and a beta of 0.42. The company has a fifty day simple moving average of $247.96 and a 200-day simple moving average of $282.99.

McDonald’s (NYSE:MCD – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The fast-food giant reported $3.38 earnings per share for the quarter, topping the consensus estimate of $3.32 by $0.06. The firm had revenue of $7.10 billion for the quarter, compared to the consensus estimate of $7.13 billion. McDonald’s had a net margin of 31.72% and a negative return on equity of 572.06%. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period last year, the firm posted $3.19 earnings per share. On average, research analysts anticipate that McDonald’s Corporation will post 12.83 EPS for the current fiscal year.

McDonald’s Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be paid a dividend of $1.93 per share. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $7.72 annualized dividend and a yield of 2.9%. This is a boost from McDonald’s’s previous quarterly dividend of $1.86. McDonald’s’s dividend payout ratio is currently 60.44%.

McDonald’s News Summary

Here are the key news stories impacting McDonald’s this week:

Analysts Set New Price Targets

Several research analysts recently weighed in on MCD shares. Tigress Financial upped their price target on shares of McDonald’s from $385.00 to $390.00 and gave the stock a “buy” rating in a research report on Friday, July 17th. Morgan Stanley lowered their price objective on McDonald’s from $308.00 to $297.00 and set an “equal weight” rating on the stock in a report on Monday, September 28th. DZ Bank reiterated a “buy” rating on shares of McDonald’s in a research note on Thursday, September 24th. Needham & Company LLC reissued a “buy” rating on shares of McDonald’s in a report on Monday, September 21st. Finally, Weiss Ratings downgraded McDonald’s from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $292.76.

View Our Latest Analysis on MCD

McDonald’s Profile

(Free Report)

McDonald’s Corporation is a global quick-service restaurant company that operates and franchises restaurants under the McDonald’s brand. Its restaurants serve a menu that includes hamburgers, cheeseburgers, chicken sandwiches, French fries, breakfast items, desserts, salads, beverages and coffee. Offerings vary by market, and many locations provide drive-thru service, delivery and digital ordering through the McDonald’s mobile app.

The company operates through a heavily franchised business model, with restaurants owned and operated by independent franchisees, affiliates and the company itself.

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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