Palisades Hudson Asset Management L.P. Continues to Hold Position in McDonald’s Corporation (MCD)

Palisades Hudson Asset Management L.P. maintained its stake in shares of McDonald’s Corporation (NYSE:MCD) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,830 shares of the fast-food giant’s stock at the end of the first quarter. Palisades Hudson Asset Management L.P.’s holdings in McDonald’s Corporation were worth $237,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Proficio Capital Partners LLC increased its stake 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 valued at $111,000 after buying an additional 346 shares during the period. Vigilant Capital Management LLC increased its stake in 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 last quarter. Signature Estate & Investment Advisors LLC acquired a new stake in McDonald’s Corporation during the first quarter valued at about $146,000. Hudock Capital Group LLC increased its stake in 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 last quarter. Finally, Zions Bancorporation increased its stake in McDonald’s Corporation by 44.6% in the first quarter. Zions Bancorporation now owns 1,546 shares of the fast-food giant’s stock valued at $201,000 after buying an additional 477 shares during the last quarter. 68.20% of the stock is owned by institutional investors.

McDonald’s Corporation (NYSE:MCD) traded up 0.16% on Thursday, reaching $159.16. The company’s stock had a trading volume of 582,381 shares. McDonald’s Corporation has a one year low of $110.33 and a one year high of $159.98. The stock has a market cap of $128.92 billion, a P/E ratio of 26.05 and a beta of 0.70. The stock has a 50-day moving average of $155.18 and a 200-day moving average of $141.52.

McDonald’s Corporation (NYSE:MCD) last posted its quarterly earnings data on Tuesday, July 25th. The fast-food giant reported $1.70 EPS for the quarter, topping the consensus estimate of $1.62 by $0.08. McDonald’s Corporation had a negative return on equity of 264.89% and a net margin of 21.00%. The firm had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.96 billion. During the same quarter last year, the company earned $1.45 earnings per share. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. On average, analysts predict that McDonald’s Corporation will post $6.55 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, September 1st will be paid a $0.94 dividend. This represents a $3.76 annualized dividend and a dividend yield of 2.37%. The ex-dividend date is Wednesday, August 30th. McDonald’s Corporation’s dividend payout ratio (DPR) is currently 61.54%.

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Several analysts recently issued reports on the stock. UBS AG set a $143.00 price target on shares of McDonald’s Corporation and gave the company a “neutral” rating in a research report on Wednesday, April 26th. BidaskClub raised shares of McDonald’s Corporation from a “hold” rating to a “buy” rating in a research report on Monday. Vetr raised shares of McDonald’s Corporation from a “sell” rating to a “hold” rating and set a $159.47 price target for the company in a research report on Thursday, August 3rd. Barclays PLC reissued an “overweight” rating and issued a $173.00 price target (up previously from $164.00) on shares of McDonald’s Corporation in a research report on Wednesday, July 26th. Finally, Bank of America Corporation reissued a “buy” rating and issued a $175.00 price target on shares of McDonald’s Corporation in a research report on Monday. Twelve analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $162.16.

In other news, insider Douglas M. Goare sold 17,286 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $158.50, for a total value of $2,739,831.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Jerome N. Krulewitch sold 11,755 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $158.38, for a total value of $1,861,756.90. Following the completion of the transaction, the executive vice president now directly owns 11,755 shares in the company, valued at approximately $1,861,756.90. The disclosure for this sale can be found here. Insiders sold 69,938 shares of company stock worth $11,033,009 in the last ninety days. Corporate insiders own 0.24% of the company’s stock.

About McDonald’s Corporation

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)

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