Dearborn Partners LLC Sells 5,310 Shares of Mcdonald’s Corp (NYSE:MCD)

Dearborn Partners LLC reduced its holdings in Mcdonald’s Corp (NYSE:MCD) by 2.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 245,469 shares of the fast-food giant’s stock after selling 5,310 shares during the quarter. Mcdonald’s makes up approximately 2.4% of Dearborn Partners LLC’s holdings, making the stock its 5th largest holding. Dearborn Partners LLC’s holdings in Mcdonald’s were worth $45,282,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Firestone Capital Management lifted its holdings in shares of Mcdonald’s by 10.0% during the second quarter. Firestone Capital Management now owns 560 shares of the fast-food giant’s stock worth $103,000 after purchasing an additional 51 shares during the period. KFA Private Wealth Group LLC lifted its holdings in Mcdonald’s by 4.4% in the second quarter. KFA Private Wealth Group LLC now owns 1,287 shares of the fast-food giant’s stock valued at $237,000 after buying an additional 54 shares during the period. Hallmark Capital Management Inc. lifted its holdings in Mcdonald’s by 0.4% in the first quarter. Hallmark Capital Management Inc. now owns 14,526 shares of the fast-food giant’s stock valued at $2,402,000 after buying an additional 55 shares during the period. Day & Ennis LLC lifted its holdings in Mcdonald’s by 2.9% in the second quarter. Day & Ennis LLC now owns 1,962 shares of the fast-food giant’s stock valued at $362,000 after buying an additional 55 shares during the period. Finally, Compass Ion Advisors LLC lifted its holdings in Mcdonald’s by 3.3% in the second quarter. Compass Ion Advisors LLC now owns 1,788 shares of the fast-food giant’s stock valued at $330,000 after buying an additional 57 shares during the period. 67.04% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:MCD traded down $1.13 during midday trading on Friday, hitting $194.28. 3,195,486 shares of the company’s stock were exchanged, compared to its average volume of 2,963,317. The stock has a 50 day moving average price of $188.80 and a 200-day moving average price of $190.03. The company has a market cap of $145.30 billion, a PE ratio of 30.79, a price-to-earnings-growth ratio of 4.32 and a beta of 0.65. Mcdonald’s Corp has a 12 month low of $124.23 and a 12 month high of $221.93.

Mcdonald’s (NYSE:MCD) last issued its quarterly earnings data on Tuesday, July 28th. The fast-food giant reported $0.66 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.10). Mcdonald’s had a negative return on equity of 53.94% and a net margin of 24.78%. The firm had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.73 billion. During the same period in the previous year, the company posted $2.05 earnings per share. The company’s revenue for the quarter was down 29.6% on a year-over-year basis. Analysts expect that Mcdonald’s Corp will post 5.89 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend is Monday, August 31st. Mcdonald’s’s payout ratio is 63.78%.

Several equities analysts recently issued reports on MCD shares. Oppenheimer restated a “hold” rating on shares of Mcdonald’s in a report on Tuesday. Royal Bank of Canada boosted their target price on shares of Mcdonald’s from $201.00 to $211.00 and gave the company an “outperform” rating in a report on Friday, May 1st. BMO Capital Markets boosted their target price on shares of Mcdonald’s from $215.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, June 24th. Cowen boosted their target price on shares of Mcdonald’s from $180.00 to $190.00 and gave the company an “outperform” rating in a report on Thursday, April 9th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Mcdonald’s from $180.00 to $204.00 and gave the company an “overweight” rating in a report on Wednesday, June 24th. Nine analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. Mcdonald’s presently has an average rating of “Buy” and a consensus price target of $210.00.

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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Institutional Ownership by Quarter for Mcdonald`s (NYSE:MCD)

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