Forbes J M & Co. LLP raised its stake in Mcdonald’s Corp (NYSE:MCD) by 10.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 51,346 shares of the fast-food giant’s stock after acquiring an additional 4,690 shares during the period. Mcdonald’s makes up 2.1% of Forbes J M & Co. LLP’s holdings, making the stock its 25th biggest holding. Forbes J M & Co. LLP’s holdings in Mcdonald’s were worth $10,663,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in shares of Mcdonald’s by 7.8% during the fourth quarter. Geode Capital Management LLC now owns 9,441,973 shares of the fast-food giant’s stock worth $1,673,764,000 after acquiring an additional 683,872 shares during the period. PRW Wealth Management LLC purchased a new stake in shares of Mcdonald’s during the fourth quarter worth $151,000. Baillie Gifford & Co. increased its position in shares of Mcdonald’s by 13.0% during the fourth quarter. Baillie Gifford & Co. now owns 171,268 shares of the fast-food giant’s stock worth $30,412,000 after acquiring an additional 19,710 shares during the period. Mairs & Power INC increased its position in shares of Mcdonald’s by 3.6% during the fourth quarter. Mairs & Power INC now owns 14,996 shares of the fast-food giant’s stock worth $2,663,000 after acquiring an additional 525 shares during the period. Finally, Edmond DE Rothschild Holding S.A. increased its position in shares of Mcdonald’s by 3.0% during the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 13,604 shares of the fast-food giant’s stock worth $2,415,000 after acquiring an additional 392 shares during the period. 68.21% of the stock is owned by institutional investors.
In other news, EVP Silvia Lagnado sold 26,649 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $212.58, for a total transaction of $5,665,044.42. Following the completion of the sale, the executive vice president now owns 40,129 shares in the company, valued at $8,530,622.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Ian Frederick Borden sold 4,149 shares of the stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $199.22, for a total transaction of $826,563.78. The disclosure for this sale can be found here. Company insiders own 0.25% of the company’s stock.
Shares of MCD stock traded up $0.08 during mid-day trading on Friday, hitting $218.35. 683,630 shares of the stock were exchanged, compared to its average volume of 3,236,265. The stock’s fifty day simple moving average is $213.60 and its two-hundred day simple moving average is $196.96. The stock has a market capitalization of $166.87 billion, a price-to-earnings ratio of 27.64, a P/E/G ratio of 3.15 and a beta of 0.49. Mcdonald’s Corp has a 12-month low of $156.56 and a 12-month high of $221.93.
Mcdonald’s (NYSE:MCD) last issued its quarterly earnings data on Friday, July 26th. The fast-food giant reported $2.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.06 by ($0.01). The firm had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.34 billion. Mcdonald’s had a negative return on equity of 92.02% and a net margin of 28.32%. The business’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.99 EPS. As a group, analysts anticipate that Mcdonald’s Corp will post 8 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be issued a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Friday, August 30th. Mcdonald’s’s payout ratio is 58.73%.
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, 2018, the company operated 37,855 restaurants, including 35,085 franchised restaurants comprising 21,685 franchised to conventional franchisees, 7,225 licensed to developmental licensees, and 6,175 licensed to foreign affiliates; and 2,770 company-operated restaurants.
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