Northern Trust Corp reduced its stake in shares of Mcdonald’s Corp (NYSE:MCD) by 1.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,386,777 shares of the fast-food giant’s stock after selling 182,818 shares during the period. Northern Trust Corp owned 1.47% of Mcdonald’s worth $1,784,194,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the company. FMR LLC lifted its stake in shares of Mcdonald’s by 5.5% in the 2nd quarter. FMR LLC now owns 19,483,955 shares of the fast-food giant’s stock valued at $3,052,941,000 after purchasing an additional 1,014,792 shares during the last quarter. Fundsmith Equity Fund L.P. acquired a new stake in shares of Mcdonald’s in the 2nd quarter valued at $1,191,239,000. Janus Henderson Group PLC lifted its stake in shares of Mcdonald’s by 5.4% in the 2nd quarter. Janus Henderson Group PLC now owns 8,107,972 shares of the fast-food giant’s stock valued at $1,270,446,000 after purchasing an additional 412,750 shares during the last quarter. Magellan Asset Management Ltd lifted its stake in shares of Mcdonald’s by 0.4% in the 2nd quarter. Magellan Asset Management Ltd now owns 5,955,794 shares of the fast-food giant’s stock valued at $933,213,000 after purchasing an additional 20,873 shares during the last quarter. Finally, Morgan Stanley lifted its stake in shares of Mcdonald’s by 9.6% in the 2nd quarter. Morgan Stanley now owns 5,947,311 shares of the fast-food giant’s stock valued at $931,884,000 after purchasing an additional 522,333 shares during the last quarter. Institutional investors and hedge funds own 66.98% of the company’s stock.
Several equities research analysts recently issued reports on the stock. ValuEngine raised shares of Mcdonald’s from a “hold” rating to a “buy” rating in a research note on Thursday. Guggenheim raised shares of Mcdonald’s from a “neutral” rating to a “buy” rating and set a $200.00 price objective for the company in a research note on Wednesday. They noted that the move was a valuation call. Goldman Sachs Group reaffirmed a “buy” rating and issued a $192.00 price objective on shares of Mcdonald’s in a research note on Friday, October 5th. KeyCorp assumed coverage on shares of Mcdonald’s in a research note on Wednesday, October 3rd. They issued an “overweight” rating and a $185.00 price objective for the company. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $175.00 price objective on shares of Mcdonald’s in a research note on Thursday, September 27th. Seven research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. Mcdonald’s currently has an average rating of “Buy” and a consensus target price of $183.29.
Shares of MCD traded up $0.85 during trading hours on Friday, reaching $163.82. 3,402,828 shares of the company traded hands, compared to its average volume of 4,032,916. The firm has a market capitalization of $129.78 billion, a P/E ratio of 24.60, a P/E/G ratio of 2.49 and a beta of 0.66. The company has a debt-to-equity ratio of -5.24, a quick ratio of 1.45 and a current ratio of 1.47. Mcdonald’s Corp has a 1-year low of $146.84 and a 1-year high of $178.70.
Mcdonald’s (NYSE:MCD) last announced its quarterly earnings data on Thursday, July 26th. The fast-food giant reported $1.99 EPS for the quarter, beating the Zacks’ consensus estimate of $1.92 by $0.07. The business had revenue of $5.35 billion during the quarter, compared to analyst estimates of $5.32 billion. Mcdonald’s had a net margin of 25.26% and a negative return on equity of 133.89%. The firm’s revenue for the quarter was down 11.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.73 earnings per share. As a group, equities analysts forecast that Mcdonald’s Corp will post 7.65 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Monday, December 3rd will be given a dividend of $1.16 per share. The ex-dividend date of this dividend is Friday, November 30th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.83%. This is a positive change from Mcdonald’s’s previous quarterly dividend of $1.01. Mcdonald’s’s dividend payout ratio is currently 60.66%.
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, 2017, the company operated 37,241 restaurants, including 34,108 franchised restaurants comprising 21,366 franchised to conventional franchisees, 6,945 licensed to developmental licensees, and 5,797 licensed to foreign affiliates; and 3,133 company-operated restaurants.
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