Bell Asset Management Ltd Boosts Stake in Mcdonald’s Corp (MCD)

Bell Asset Management Ltd grew its stake in shares of Mcdonald’s Corp (NYSE:MCD) by 18.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 52,563 shares of the fast-food giant’s stock after buying an additional 8,057 shares during the quarter. Mcdonald’s accounts for 1.8% of Bell Asset Management Ltd’s investment portfolio, making the stock its 16th biggest position. Bell Asset Management Ltd’s holdings in Mcdonald’s were worth $8,793,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Rainier Group Investment Advisory LLC bought a new position in shares of Mcdonald’s during the 1st quarter valued at $102,000. Trust Co. of Vermont grew its holdings in shares of Mcdonald’s by 0.6% during the 1st quarter. Trust Co. of Vermont now owns 53,527 shares of the fast-food giant’s stock valued at $8,370,000 after purchasing an additional 333 shares during the last quarter. Xact Kapitalforvaltning AB grew its holdings in shares of Mcdonald’s by 4.2% during the 1st quarter. Xact Kapitalforvaltning AB now owns 148,494 shares of the fast-food giant’s stock valued at $23,221,000 after purchasing an additional 5,928 shares during the last quarter. Cypress Capital Group grew its holdings in shares of Mcdonald’s by 2.1% during the 1st quarter. Cypress Capital Group now owns 25,206 shares of the fast-food giant’s stock valued at $3,942,000 after purchasing an additional 520 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV grew its holdings in shares of Mcdonald’s by 3.1% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 65,518 shares of the fast-food giant’s stock valued at $10,246,000 after purchasing an additional 1,941 shares during the last quarter. Hedge funds and other institutional investors own 66.92% of the company’s stock.

In related news, CEO Stephen Easterbrook sold 201,123 shares of Mcdonald’s stock in a transaction dated Wednesday, October 24th. The shares were sold at an average price of $175.63, for a total transaction of $35,323,232.49. Following the completion of the transaction, the chief executive officer now directly owns 48,925 shares of the company’s stock, valued at approximately $8,592,697.75. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Ian Frederick Borden sold 4,782 shares of Mcdonald’s stock in a transaction dated Thursday, October 25th. The shares were sold at an average price of $177.68, for a total transaction of $849,665.76. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 221,041 shares of company stock valued at $38,839,407. Corporate insiders own 0.22% of the company’s stock.

MCD has been the topic of a number of recent analyst reports. Gordon Haskett initiated coverage on shares of Mcdonald’s in a report on Thursday, October 18th. They issued a “buy” rating and a $185.00 price target on the stock. Royal Bank of Canada set a $175.00 price target on shares of Mcdonald’s and gave the stock a “buy” rating in a report on Friday, September 14th. ValuEngine raised shares of Mcdonald’s from a “hold” rating to a “buy” rating in a report on Thursday, October 11th. Goldman Sachs Group reissued a “buy” rating and issued a $192.00 price target on shares of Mcdonald’s in a report on Friday, October 5th. Finally, Wells Fargo & Co raised their price target on shares of Mcdonald’s from $180.00 to $185.00 and gave the stock an “outperform” rating in a report on Wednesday, August 8th. Seven analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $188.31.

NYSE:MCD opened at $173.23 on Tuesday. Mcdonald’s Corp has a 12 month low of $146.84 and a 12 month high of $178.70. The stock has a market capitalization of $134.48 billion, a PE ratio of 26.01, a P/E/G ratio of 2.55 and a beta of 0.66.

Mcdonald’s (NYSE:MCD) last posted its earnings results on Tuesday, October 23rd. The fast-food giant reported $2.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.99 by $0.11. Mcdonald’s had a net margin of 24.56% and a negative return on equity of 130.19%. The firm had revenue of $5.37 billion during the quarter, compared to analysts’ expectations of $5.28 billion. During the same period last year, the company posted $1.76 EPS. The company’s quarterly revenue was down 6.7% compared to the same quarter last year. As a group, research analysts predict that Mcdonald’s Corp will post 7.75 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Monday, December 3rd will be given a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 2.68%. This is a boost from Mcdonald’s’s previous quarterly dividend of $1.01. The ex-dividend date of this dividend is Friday, November 30th. Mcdonald’s’s dividend payout ratio (DPR) is currently 60.66%.

Mcdonald’s Company Profile

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products, soft drinks, coffee, and other beverages, as well as breakfast menu. As of December 31, 2017, the company operated 37,241 restaurants, including 34,108 franchised restaurants comprising 21,366 franchised to conventional franchisees, 6,945 licensed to developmental licensees, and 5,797 licensed to foreign affiliates; and 3,133 company-operated restaurants.

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

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