Buckingham Asset Management LLC Acquires 11,604 Shares of McDonald’s Corporation (MCD)

Buckingham Asset Management LLC lifted its holdings in McDonald’s Corporation (NYSE:MCD) by 157.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,973 shares of the fast-food giant’s stock after acquiring an additional 11,604 shares during the period. Buckingham Asset Management LLC’s holdings in McDonald’s Corporation were worth $2,906,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Capital Investment Advisory Services LLC bought a new position in McDonald’s Corporation during the 1st quarter valued at $201,000. First Trust Advisors LP lifted its position in shares of McDonald’s Corporation by 48.9% in the 1st quarter. First Trust Advisors LP now owns 269,978 shares of the fast-food giant’s stock worth $34,992,000 after buying an additional 88,719 shares during the last quarter. Greatmark Investment Partners Inc. lifted its position in shares of McDonald’s Corporation by 1.2% in the 1st quarter. Greatmark Investment Partners Inc. now owns 16,459 shares of the fast-food giant’s stock worth $2,133,000 after buying an additional 200 shares during the last quarter. Advisors Asset Management Inc. lifted its position in shares of McDonald’s Corporation by 4.7% in the 1st quarter. Advisors Asset Management Inc. now owns 146,100 shares of the fast-food giant’s stock worth $18,936,000 after buying an additional 6,557 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in shares of McDonald’s Corporation by 6.0% in the 1st quarter. American Century Companies Inc. now owns 76,889 shares of the fast-food giant’s stock worth $9,966,000 after buying an additional 4,360 shares during the last quarter. 69.01% of the stock is owned by institutional investors and hedge funds.

McDonald’s Corporation (NYSE MCD) opened at $168.09 on Friday. The company has a market capitalization of $133,385.11, a price-to-earnings ratio of 26.14, a P/E/G ratio of 2.74 and a beta of 0.67. The company has a debt-to-equity ratio of -8.17, a current ratio of 1.28 and a quick ratio of 1.27. McDonald’s Corporation has a 12-month low of $117.71 and a 12-month high of $170.92.

McDonald’s Corporation (NYSE:MCD) last posted its quarterly earnings data on Tuesday, October 24th. The fast-food giant reported $1.76 EPS for the quarter, topping the Zacks’ consensus estimate of $1.75 by $0.01. The company had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.75 billion. McDonald’s Corporation had a negative return on equity of 216.45% and a net margin of 24.19%. The firm’s quarterly revenue was down 10.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.62 earnings per share. analysts expect that McDonald’s Corporation will post 6.52 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a $1.01 dividend. This is a positive change from McDonald’s Corporation’s previous quarterly dividend of $0.94. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend is Thursday, November 30th. McDonald’s Corporation’s payout ratio is currently 54.26%.

A number of research analysts have recently issued reports on the stock. Goldman Sachs Group, Inc. (The) set a $173.00 price target on shares of McDonald’s Corporation and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Zacks Investment Research downgraded shares of McDonald’s Corporation from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Deutsche Bank AG set a $185.00 price objective on shares of McDonald’s Corporation and gave the company a “buy” rating in a research report on Thursday, October 26th. Credit Suisse Group lifted their price objective on shares of McDonald’s Corporation from $170.00 to $178.00 and gave the company an “outperform” rating in a research report on Wednesday, October 25th. Finally, BMO Capital Markets set a $175.00 target price on shares of McDonald’s Corporation and gave the company a “buy” rating in a research note on Wednesday, October 25th. Eleven equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. McDonald’s Corporation presently has an average rating of “Buy” and a consensus price target of $169.96.

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In other McDonald’s Corporation news, VP James R. Sappington sold 8,046 shares of McDonald’s Corporation stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $165.00, for a total value of $1,327,590.00. Following the completion of the sale, the vice president now directly owns 15,739 shares in the company, valued at $2,596,935. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.24% of the stock is owned by insiders.

McDonald’s Corporation 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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Institutional Ownership by Quarter for McDonald`s Corporation (NYSE:MCD)

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