McDonald’s Corporation (MCD) Stake Boosted by Risk Paradigm Group LLC

Risk Paradigm Group LLC lifted its position in shares of McDonald’s Corporation (NYSE:MCD) by 1.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,518 shares of the fast-food giant’s stock after purchasing an additional 22 shares during the quarter. Risk Paradigm Group LLC’s holdings in McDonald’s were worth $232,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. World Asset Management Inc lifted its position in McDonald’s by 16.6% in the 1st quarter. World Asset Management Inc now owns 96,091 shares of the fast-food giant’s stock valued at $12,454,000 after acquiring an additional 13,648 shares in the last quarter. Bangor Savings Bank lifted its position in McDonald’s by 1.0% in the 1st quarter. Bangor Savings Bank now owns 7,616 shares of the fast-food giant’s stock valued at $987,000 after acquiring an additional 74 shares in the last quarter. Trust Co. of Virginia VA lifted its position in McDonald’s by 1.7% in the 1st quarter. Trust Co. of Virginia VA now owns 19,754 shares of the fast-food giant’s stock valued at $2,560,000 after acquiring an additional 326 shares in the last quarter. Meadow Creek Investment Management LLC lifted its position in McDonald’s by 9.9% in the 1st quarter. Meadow Creek Investment Management LLC now owns 22,960 shares of the fast-food giant’s stock valued at $2,976,000 after acquiring an additional 2,064 shares in the last quarter. Finally, Affinity Investment Advisors LLC lifted its position in McDonald’s by 2.3% in the 1st quarter. Affinity Investment Advisors LLC now owns 62,547 shares of the fast-food giant’s stock valued at $8,107,000 after acquiring an additional 1,417 shares in the last quarter. 67.40% of the stock is currently owned by institutional investors.

In related news, insider Stephen Easterbrook sold 171,577 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $168.32, for a total value of $28,879,840.64. Following the transaction, the insider now owns 49,778 shares in the company, valued at approximately $8,378,632.96. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP James R. Sappington sold 8,046 shares of the company’s stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $165.00, for a total transaction of $1,327,590.00. Following the completion of the transaction, the vice president now owns 15,739 shares in the company, valued at approximately $2,596,935. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by corporate insiders.

Several equities research analysts recently commented on the stock. Bank of America reaffirmed a “buy” rating and issued a $175.00 price objective on shares of McDonald’s in a research report on Monday, August 14th. Robert W. Baird reissued an “outperform” rating and set a $170.00 price target on shares of McDonald’s in a research report on Tuesday, October 3rd. Royal Bank Of Canada reissued a “buy” rating and set a $175.00 price target on shares of McDonald’s in a research report on Friday, September 8th. Zacks Investment Research cut shares of McDonald’s from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Finally, Barclays set a $193.00 price target on shares of McDonald’s and gave the stock a “buy” rating in a research report on Friday. Ten analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. McDonald’s presently has an average rating of “Buy” and an average target price of $174.32.

McDonald’s Corporation (MCD) opened at $173.15 on Friday. The firm has a market cap of $138,032.75, a PE ratio of 27.05, a PEG ratio of 2.83 and a beta of 0.67. McDonald’s Corporation has a 52 week low of $118.18 and a 52 week high of $174.44. The company has a debt-to-equity ratio of -8.17, a quick ratio of 1.27 and a current ratio of 1.28.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 EPS for the quarter, beating the Zacks’ consensus estimate of $1.75 by $0.01. McDonald’s had a net margin of 24.19% and a negative return on equity of 216.45%. The business had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.75 billion. During the same quarter in the prior year, the business earned $1.62 EPS. McDonald’s’s quarterly revenue was down 10.4% on a year-over-year basis. research analysts predict that McDonald’s Corporation will post 6.53 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a $1.01 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $4.04 dividend on an annualized basis and a yield of 2.33%. This is a positive change from McDonald’s’s previous quarterly dividend of $0.94. McDonald’s’s dividend payout ratio is 58.30%.

COPYRIGHT VIOLATION WARNING: This news story was first published by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this news story on another website, it was illegally copied and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this news story can be accessed at https://sportsperspectives.com/2017/12/10/mcdonalds-corporation-mcd-stake-boosted-by-risk-paradigm-group-llc.html.

About McDonald’s

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 (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