McDonald’s Corporation (MCD) Stake Lifted by Homrich & Berg

Homrich & Berg lifted its holdings in McDonald’s Corporation (NYSE:MCD) by 20.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,840 shares of the fast-food giant’s stock after purchasing an additional 1,310 shares during the quarter. Homrich & Berg’s holdings in McDonald’s Corporation were worth $1,201,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the company. Orrstown Financial Services Inc. grew its holdings in shares of McDonald’s Corporation by 17.2% in the second quarter. Orrstown Financial Services Inc. now owns 709 shares of the fast-food giant’s stock worth $108,000 after acquiring an additional 104 shares during the period. Proficio Capital Partners LLC grew its holdings in shares of McDonald’s Corporation by 87.8% in the first quarter. Proficio Capital Partners LLC now owns 740 shares of the fast-food giant’s stock worth $111,000 after acquiring an additional 346 shares during the period. Acrospire Investment Management LLC bought a new stake in shares of McDonald’s Corporation in the second quarter worth $153,000. QCI Asset Management Inc. NY grew its holdings in shares of McDonald’s Corporation by 22.4% in the second quarter. QCI Asset Management Inc. NY now owns 1,094 shares of the fast-food giant’s stock worth $168,000 after acquiring an additional 200 shares during the period. Finally, Zions Bancorporation grew its holdings in shares of McDonald’s Corporation by 44.6% in the first quarter. Zions Bancorporation now owns 1,546 shares of the fast-food giant’s stock worth $201,000 after acquiring an additional 477 shares during the period. Hedge funds and other institutional investors own 67.95% of the company’s stock.

In other McDonald’s Corporation news, VP James R. Sappington sold 8,046 shares of the stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $165.00, for a total transaction of $1,327,590.00. Following the sale, the vice president now owns 15,739 shares of the company’s stock, valued at approximately $2,596,935. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.24% of the stock is currently owned by company insiders.

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McDonald’s Corporation (NYSE:MCD) opened at $166.72 on Monday. McDonald’s Corporation has a 52 week low of $117.71 and a 52 week high of $170.92. The stock has a market capitalization of $132,906.78, a P/E ratio of 26.05, a P/E/G ratio of 2.73 and a beta of 0.67. The company has a quick ratio of 1.27, a current ratio of 1.28 and a debt-to-equity ratio of -8.17.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 2.42%. The ex-dividend date is Thursday, November 30th. This is a boost from McDonald’s Corporation’s previous quarterly dividend of $0.94. McDonald’s Corporation’s dividend payout ratio (DPR) is 54.26%.

MCD has been the subject of several research analyst reports. Wells Fargo & Company set a $185.00 price objective on McDonald’s Corporation and gave the stock a “buy” rating in a report on Wednesday, October 25th. Deutsche Bank AG set a $185.00 price target on McDonald’s Corporation and gave the company a “buy” rating in a report on Friday, October 20th. Canaccord Genuity reissued a “hold” rating and set a $170.00 price target on shares of McDonald’s Corporation in a report on Friday, October 6th. Goldman Sachs Group, Inc. (The) set a $174.00 price target on McDonald’s Corporation and gave the company a “buy” rating in a report on Thursday, July 27th. Finally, Longbow Research raised McDonald’s Corporation from a “neutral” rating to a “buy” rating and boosted their price target for the company from $154.05 to $183.00 in a report on Thursday, September 28th. Eleven equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. McDonald’s Corporation presently has an average rating of “Buy” and an average price target of $169.96.

McDonald’s Corporation Company 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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