Calamos Wealth Management LLC Trims Stock Holdings in McDonald's Co. (NYSE:MCD)

Calamos Wealth Management LLC trimmed its position in McDonald's Co. (NYSE:MCD) by 6.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,724 shares of the fast-food giant’s stock after selling 634 shares during the period. Calamos Wealth Management LLC’s holdings in McDonald's were worth $2,134,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Bank of New York Mellon Corp grew its stake in McDonald's by 15.2% in the second quarter. Bank of New York Mellon Corp now owns 8,308,005 shares of the fast-food giant’s stock worth $1,532,576,000 after purchasing an additional 1,096,425 shares during the period. Morgan Stanley boosted its holdings in McDonald's by 2.2% in the first quarter. Morgan Stanley now owns 8,019,771 shares of the fast-food giant’s stock worth $1,326,069,000 after acquiring an additional 169,921 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in McDonald's by 33.8% in the second quarter. Charles Schwab Investment Management Inc. now owns 4,529,724 shares of the fast-food giant’s stock worth $835,598,000 after acquiring an additional 1,144,343 shares in the last quarter. California Public Employees Retirement System boosted its holdings in McDonald's by 4.0% in the second quarter. California Public Employees Retirement System now owns 4,458,824 shares of the fast-food giant’s stock worth $822,519,000 after acquiring an additional 171,403 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in McDonald's by 5.0% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,713,834 shares of the fast-food giant’s stock worth $685,091,000 after acquiring an additional 175,870 shares in the last quarter. 66.07% of the stock is currently owned by institutional investors.

McDonald's stock traded down $1.30 during midday trading on Tuesday, hitting $222.97. The stock had a trading volume of 1,772,949 shares, compared to its average volume of 3,995,917. McDonald's Co. has a 52-week low of $124.23 and a 52-week high of $231.91. The company has a market capitalization of $165.91 billion, a PE ratio of 35.34, a P/E/G ratio of 5.23 and a beta of 0.67. The firm’s fifty day moving average is $222.50 and its two-hundred day moving average is $199.49.

McDonald's (NYSE:MCD) last issued its quarterly earnings results on Tuesday, July 28th. The fast-food giant reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.10). McDonald's had a net margin of 24.78% and a negative return on equity of 52.78%. The firm had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.73 billion. During the same period in the prior year, the firm earned $2.05 EPS. McDonald's’s revenue for the quarter was down 29.6% compared to the same quarter last year. On average, equities research analysts anticipate that McDonald's Co. will post 5.98 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be issued a dividend of $1.29 per share. The ex-dividend date is Monday, November 30th. This represents a $5.16 annualized dividend and a yield of 2.31%. This is an increase from McDonald's’s previous quarterly dividend of $1.25. McDonald's’s payout ratio is currently 63.78%.

MCD has been the topic of several analyst reports. BMO Capital Markets boosted their target price on McDonald's from $220.00 to $235.00 and gave the stock an “outperform” rating in a report on Friday, October 9th. BTIG Research boosted their target price on McDonald's from $220.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, October 9th. Stifel Nicolaus upped their price target on McDonald's from $182.00 to $195.00 and gave the company a “hold” rating in a report on Tuesday, July 28th. Morgan Stanley upped their price target on McDonald's from $208.00 to $248.00 and gave the company an “overweight” rating in a report on Wednesday, October 14th. Finally, Truist upped their price target on McDonald's from $212.00 to $246.00 in a report on Friday, October 9th. Eight analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $222.00.

McDonald's Profile

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products and beverages, as well as breakfast menu. As of December 31, 2019, the company operated 38,695 restaurants. McDonald's Corporation was founded in 1940 and is based in Chicago, Illinois.

Recommended Story: What is the LIBOR?

Want to see what other hedge funds are holding MCD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for McDonald's Co. (NYSE:MCD).

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

Receive News & Ratings for McDonald's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDonald's and related companies with MarketBeat.com's FREE daily email newsletter.