McDonald’s Corporation (MCD) Shares Sold by Atwood & Palmer Inc.

Atwood & Palmer Inc. cut its position in McDonald’s Corporation (NYSE:MCD) by 1.9% during the first quarter, according to its most recent filing with the SEC. The fund owned 2,729 shares of the fast-food giant’s stock after selling 54 shares during the period. Atwood & Palmer Inc.’s holdings in McDonald’s Corporation were worth $354,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of MCD. Vigilant Capital Management LLC raised its position in shares of McDonald’s Corporation by 9.4% in the first quarter. Vigilant Capital Management LLC now owns 977 shares of the fast-food giant’s stock valued at $127,000 after buying an additional 84 shares during the period. Zions Bancorporation raised its stake in McDonald’s Corporation by 0.6% in the fourth quarter. Zions Bancorporation now owns 1,069 shares of the fast-food giant’s stock valued at $130,000 after buying an additional 6 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. purchased a new position in shares of McDonald’s Corporation during the fourth quarter valued at approximately $131,000. D Orazio & Associates Inc. increased its position in shares of McDonald’s Corporation by 0.7% in the fourth quarter. D Orazio & Associates Inc. now owns 1,090 shares of the fast-food giant’s stock valued at $133,000 after buying an additional 8 shares during the period. Finally, Hudock Capital Group LLC increased its position in shares of McDonald’s Corporation by 5.9% in the first quarter. Hudock Capital Group LLC now owns 1,493 shares of the fast-food giant’s stock valued at $193,000 after buying an additional 83 shares during the period. 67.60% of the stock is currently owned by institutional investors and hedge funds.

Shares of McDonald’s Corporation (NYSE MCD) traded down 0.18% on Tuesday, reaching $154.98. 152,875 shares of the company were exchanged. The stock has a market capitalization of $126.32 billion, a PE ratio of 27.36 and a beta of 0.70. The company has a 50-day moving average price of $150.67 and a 200 day moving average price of $133.70. McDonald’s Corporation has a 1-year low of $110.33 and a 1-year high of $156.75.

McDonald’s Corporation (NYSE:MCD) last released its quarterly earnings results on Tuesday, April 25th. The fast-food giant reported $1.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.14. The firm had revenue of $5.68 billion during the quarter, compared to analysts’ expectations of $5.53 billion. McDonald’s Corporation had a negative return on equity of 387.22% and a net margin of 19.58%. McDonald’s Corporation’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.23 EPS. On average, analysts forecast that McDonald’s Corporation will post $6.40 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, June 19th. Investors of record on Monday, June 5th were given a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 2.42%. The ex-dividend date was Thursday, June 1st. McDonald’s Corporation’s dividend payout ratio is currently 66.43%.

COPYRIGHT VIOLATION NOTICE: “McDonald’s Corporation (MCD) Shares Sold by Atwood & Palmer Inc.” was first published by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this piece of content on another publication, it was illegally copied and reposted in violation of U.S. and international copyright & trademark laws. The legal version of this piece of content can be accessed at https://sportsperspectives.com/2017/07/18/atwood-palmer-inc-decreases-position-in-mcdonalds-corporation-mcd-updated.html.

A number of equities analysts recently issued reports on the stock. UBS AG set a $143.00 price target on shares of McDonald’s Corporation and gave the stock a “neutral” rating in a research note on Wednesday, April 26th. Piper Jaffray Companies reiterated a “buy” rating and set a $153.00 price target on shares of McDonald’s Corporation in a report on Friday. Robert W. Baird reiterated an “outperform” rating and set a $164.00 price target on shares of McDonald’s Corporation in a report on Monday, July 10th. Barclays PLC restated an “overweight” rating and issued a $164.00 target price (up previously from $155.00) on shares of McDonald’s Corporation in a report on Tuesday, May 30th. Finally, Deutsche Bank AG restated a “buy” rating and issued a $155.00 target price on shares of McDonald’s Corporation in a report on Wednesday, April 26th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and twenty-three have issued a buy rating to the company’s stock. McDonald’s Corporation presently has a consensus rating of “Buy” and an average target price of $152.52.

In other news, VP James R. Sappington sold 13,912 shares of the firm’s stock in a transaction on Thursday, April 27th. The stock was sold at an average price of $141.39, for a total transaction of $1,967,017.68. Following the transaction, the vice president now directly owns 14,608 shares of the company’s stock, valued at $2,065,425.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.24% of the stock is owned by company insiders.

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.

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

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

Latest News

Leave a Reply