Park National Corp OH Decreases Position in McDonald's Co. (MCD)

Park National Corp OH lowered its stake in McDonald's Co. (NYSE:MCD) by 6.6% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 89,034 shares of the fast-food giant’s stock after selling 6,254 shares during the period. Park National Corp OH’s holdings in McDonald's were worth $13,949,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in MCD. Jennison Associates LLC grew its position in shares of McDonald's by 681.3% during the 2nd quarter. Jennison Associates LLC now owns 6,109,830 shares of the fast-food giant’s stock worth $935,782,000 after purchasing an additional 5,327,778 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of McDonald's by 3,951.0% during the 2nd quarter. Janus Henderson Group PLC now owns 4,422,423 shares of the fast-food giant’s stock worth $677,339,000 after purchasing an additional 4,313,253 shares in the last quarter. FMR LLC grew its position in shares of McDonald's by 72.9% during the 2nd quarter. FMR LLC now owns 8,371,823 shares of the fast-food giant’s stock worth $1,282,229,000 after purchasing an additional 3,530,622 shares in the last quarter. Alliancebernstein L.P. grew its position in shares of McDonald's by 69.9% during the 2nd quarter. Alliancebernstein L.P. now owns 7,558,294 shares of the fast-food giant’s stock worth $1,157,628,000 after purchasing an additional 3,110,669 shares in the last quarter. Finally, BlackRock Inc. grew its position in shares of McDonald's by 3.0% during the 2nd quarter. BlackRock Inc. now owns 54,606,388 shares of the fast-food giant’s stock worth $8,363,515,000 after purchasing an additional 1,586,761 shares in the last quarter. Institutional investors and hedge funds own 67.40% of the company’s stock.

A number of research analysts have issued reports on MCD shares. Canaccord Genuity restated a “hold” rating and set a $170.00 target price on shares of McDonald's in a research report on Friday, October 6th. Nomura set a $180.00 target price on shares of McDonald's and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Piper Jaffray Companies increased their target price on shares of McDonald's from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday. Jefferies Group upgraded shares of McDonald's from a “hold” rating to a “buy” rating and increased their target price for the stock from $150.00 to $200.00 in a research report on Tuesday, December 5th. Finally, Argus restated a “buy” rating on shares of McDonald's in a research report on Tuesday, October 17th. Ten investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. McDonald's currently has an average rating of “Buy” and an average target price of $175.05.

Shares of McDonald's Co. (NYSE MCD) opened at $174.06 on Friday. McDonald's Co. has a twelve month low of $118.18 and a twelve month high of $175.09. The company has a current ratio of 1.28, a quick ratio of 1.27 and a debt-to-equity ratio of -8.17. The firm has a market cap of $138,758.19, a P/E ratio of 27.20, a PEG ratio of 2.85 and a beta of 0.67.

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

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were paid a $1.01 dividend. This is an increase from McDonald's’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $4.04 annualized dividend and a yield of 2.32%. McDonald's’s dividend payout ratio is presently 58.30%.

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

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McDonald's 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.

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

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