B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund reduced its position in shares of Mcdonald’s Corp (NYSE:MCD) by 55.7% during the second quarter, HoldingsChannel.com reports. The fund owned 9,706 shares of the fast-food giant’s stock after selling 12,199 shares during the quarter. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund’s holdings in Mcdonald’s were worth $1,521,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in MCD. FMR LLC increased its stake in Mcdonald’s by 5.5% in the 2nd quarter. FMR LLC now owns 19,483,955 shares of the fast-food giant’s stock worth $3,052,941,000 after purchasing an additional 1,014,792 shares in the last quarter. Janus Henderson Group PLC increased its stake in Mcdonald’s by 5.4% in the 2nd quarter. Janus Henderson Group PLC now owns 8,107,972 shares of the fast-food giant’s stock worth $1,270,446,000 after purchasing an additional 412,750 shares in the last quarter. Magellan Asset Management Ltd increased its stake in Mcdonald’s by 0.4% in the 2nd quarter. Magellan Asset Management Ltd now owns 5,955,794 shares of the fast-food giant’s stock worth $933,213,000 after purchasing an additional 20,873 shares in the last quarter. Morgan Stanley increased its stake in Mcdonald’s by 9.6% in the 2nd quarter. Morgan Stanley now owns 5,947,311 shares of the fast-food giant’s stock worth $931,884,000 after purchasing an additional 522,333 shares in the last quarter. Finally, Swiss National Bank increased its stake in Mcdonald’s by 2.2% in the 2nd quarter. Swiss National Bank now owns 3,387,448 shares of the fast-food giant’s stock worth $530,779,000 after purchasing an additional 74,100 shares in the last quarter. 66.99% of the stock is currently owned by hedge funds and other institutional investors.

MCD has been the topic of a number of analyst reports. Royal Bank of Canada set a $175.00 price target on Mcdonald’s and gave the stock a “buy” rating in a research note on Thursday, July 26th. Morgan Stanley dropped their price target on Mcdonald’s from $169.00 to $167.00 and set an “equal weight” rating on the stock in a research note on Friday, July 27th. Wells Fargo & Co decreased their price objective on Mcdonald’s from $185.00 to $180.00 and set an “outperform” rating for the company in a research report on Wednesday, July 11th. Goldman Sachs Group restated a “buy” rating and set a $178.00 price objective on shares of Mcdonald’s in a research report on Tuesday, July 24th. Finally, Cowen restated a “buy” rating and set a $190.00 price objective on shares of Mcdonald’s in a research report on Friday, July 27th. Nine investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $182.03.

Shares of Mcdonald’s stock opened at $158.14 on Tuesday. The stock has a market cap of $127.81 billion, a PE ratio of 23.74, a PEG ratio of 2.45 and a beta of 0.66. The company has a debt-to-equity ratio of -5.24, a current ratio of 1.47 and a quick ratio of 1.45. Mcdonald’s Corp has a 52-week low of $146.84 and a 52-week high of $178.70.

Mcdonald’s (NYSE:MCD) last announced its quarterly earnings results on Thursday, July 26th. The fast-food giant reported $1.99 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.92 by $0.07. The business had revenue of $5.35 billion during the quarter, compared to analyst estimates of $5.32 billion. Mcdonald’s had a negative return on equity of 133.89% and a net margin of 25.26%. The firm’s revenue was down 11.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.73 EPS. equities analysts expect that Mcdonald’s Corp will post 7.65 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 18th. Stockholders of record on Tuesday, September 4th will be issued a dividend of $1.01 per share. The ex-dividend date of this dividend is Friday, August 31st. This represents a $4.04 annualized dividend and a dividend yield of 2.55%. Mcdonald’s’s dividend payout ratio is 60.66%.

About Mcdonald’s

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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