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.

Shares of MCD stock traded down $1.30 during mid-day trading on Tuesday, hitting $222.97. The company 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 stock’s 50 day moving average price is $222.50 and its 200-day moving average price is $199.49. The company has a market capitalization of $165.91 billion, a P/E ratio of 35.34, a P/E/G ratio of 5.23 and a beta of 0.67.

McDonald's (NYSE:MCD) last posted its quarterly earnings data on Tuesday, July 28th. The fast-food giant reported $0.66 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.10). The firm had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.73 billion. McDonald's had a net margin of 24.78% and a negative return on equity of 52.78%. The company’s revenue was down 29.6% on a year-over-year basis. During the same quarter last year, the firm earned $2.05 EPS. As a group, equities analysts expect that McDonald's Co. will post 5.98 earnings per share for the current year.

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

MCD has been the topic of several analyst reports. JPMorgan Chase & Co. boosted their target price on McDonald's from $205.00 to $220.00 and gave the stock an “overweight” rating in a report on Tuesday, October 20th. Stifel Nicolaus boosted their target price on McDonald's from $182.00 to $195.00 and gave the stock a “hold” rating in a report on Tuesday, July 28th. UBS Group upped their price target on McDonald's from $215.00 to $230.00 and gave the company a “neutral” rating in a report on Monday, September 14th. KeyCorp upped their price target on McDonald's from $215.00 to $225.00 and gave the company an “overweight” rating in a report on Tuesday, August 18th. 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.

About McDonald's

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.

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

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