Ardevora Asset Management LLP Raises Stake in Mcdonald’s Corp (MCD)

Ardevora Asset Management LLP lifted its position in shares of Mcdonald’s Corp (NYSE:MCD) by 6.8% in the third quarter, HoldingsChannel.com reports. The firm owned 177,136 shares of the fast-food giant’s stock after purchasing an additional 11,300 shares during the period. Ardevora Asset Management LLP’s holdings in Mcdonald’s were worth $29,633,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Howard Capital Management lifted its position in Mcdonald’s by 1.7% during the 3rd quarter. Howard Capital Management now owns 18,127 shares of the fast-food giant’s stock worth $3,032,000 after acquiring an additional 300 shares in the last quarter. Palisade Asset Management LLC raised its position in shares of Mcdonald’s by 0.4% in the 3rd quarter. Palisade Asset Management LLC now owns 75,193 shares of the fast-food giant’s stock valued at $12,579,000 after purchasing an additional 300 shares in the last quarter. Gilman Hill Asset Management LLC raised its position in shares of Mcdonald’s by 13.4% in the 3rd quarter. Gilman Hill Asset Management LLC now owns 2,531 shares of the fast-food giant’s stock valued at $423,000 after purchasing an additional 300 shares in the last quarter. Sound Income Strategies LLC raised its position in shares of Mcdonald’s by 69.2% in the 3rd quarter. Sound Income Strategies LLC now owns 743 shares of the fast-food giant’s stock valued at $124,000 after purchasing an additional 304 shares in the last quarter. Finally, DORCHESTER WEALTH MANAGEMENT Co raised its position in shares of Mcdonald’s by 1.4% in the 3rd quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 23,572 shares of the fast-food giant’s stock valued at $3,943,000 after purchasing an additional 314 shares in the last quarter. Institutional investors and hedge funds own 66.92% of the company’s stock.

MCD has been the topic of a number of recent analyst reports. Royal Bank of Canada reaffirmed a “buy” rating and issued a $175.00 target price on shares of Mcdonald’s in a research report on Monday, July 9th. Wells Fargo & Co cut their target price on Mcdonald’s from $185.00 to $180.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 11th. Cleveland Research lowered Mcdonald’s from a “buy” rating to a “hold” rating in a research report on Wednesday, July 11th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $200.00 target price on shares of Mcdonald’s in a research report on Wednesday, July 11th. Finally, Stifel Nicolaus reaffirmed a “neutral” rating and issued a $168.00 target price on shares of Mcdonald’s in a research report on Monday, July 16th. Seven research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. Mcdonald’s currently has a consensus rating of “Buy” and a consensus target price of $188.93.

Shares of NYSE MCD opened at $176.90 on Thursday. Mcdonald’s Corp has a twelve month low of $146.84 and a twelve month high of $178.96. The company has a market capitalization of $138.47 billion, a PE ratio of 23.52, a PEG ratio of 2.62 and a beta of 0.66.

Mcdonald’s (NYSE:MCD) last issued its quarterly earnings results on Tuesday, October 23rd. The fast-food giant reported $2.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.99 by $0.11. Mcdonald’s had a negative return on equity of 130.19% and a net margin of 24.56%. The business had revenue of $5.37 billion during the quarter, compared to the consensus estimate of $5.28 billion. During the same period in the previous year, the business earned $1.76 EPS. The business’s quarterly revenue was down 6.7% on a year-over-year basis. On average, sell-side analysts predict that Mcdonald’s Corp will post 7.75 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Monday, December 3rd will be issued a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.62%. This is an increase from Mcdonald’s’s previous quarterly dividend of $1.01. The ex-dividend date of this dividend is Friday, November 30th. Mcdonald’s’s payout ratio is 60.66%.

In related news, EVP Francesca A. Debiase sold 15,136 shares of the company’s stock in a transaction on Wednesday, October 24th. The stock was sold at an average price of $176.17, for a total transaction of $2,666,509.12. Following the completion of the transaction, the executive vice president now directly owns 17,306 shares in the company, valued at approximately $3,048,798.02. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Stephen Easterbrook sold 201,123 shares of the company’s stock in a transaction on Wednesday, October 24th. The stock was sold at an average price of $175.63, for a total value of $35,323,232.49. Following the transaction, the chief executive officer now owns 48,925 shares of the company’s stock, valued at $8,592,697.75. The disclosure for this sale can be found here. Insiders sold a total of 221,041 shares of company stock valued at $38,839,407 over the last quarter. Company insiders own 0.22% of the company’s stock.

Mcdonald’s 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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