Torch Wealth Management LLC reduced its stake in shares of Mcdonald’s Corp (NYSE:MCD) by 0.5% during the 2nd quarter, Holdings Channel.com reports. The firm owned 10,305 shares of the fast-food giant’s stock after selling 50 shares during the period. Mcdonald’s makes up approximately 1.3% of Torch Wealth Management LLC’s portfolio, making the stock its 27th largest position. Torch Wealth Management LLC’s holdings in Mcdonald’s were worth $2,140,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. First Command Financial Services Inc. raised its stake in shares of Mcdonald’s by 2.7% during the 2nd quarter. First Command Financial Services Inc. now owns 1,857 shares of the fast-food giant’s stock worth $386,000 after buying an additional 48 shares during the last quarter. Graves Light Private Wealth Management Inc. raised its stake in Mcdonald’s by 1.5% in the 2nd quarter. Graves Light Private Wealth Management Inc. now owns 3,428 shares of the fast-food giant’s stock valued at $712,000 after purchasing an additional 49 shares during the last quarter. Gilman Hill Asset Management LLC raised its stake in Mcdonald’s by 2.2% in the 2nd quarter. Gilman Hill Asset Management LLC now owns 2,344 shares of the fast-food giant’s stock valued at $487,000 after purchasing an additional 50 shares during the last quarter. Duncker Streett & Co. Inc. raised its stake in Mcdonald’s by 1.9% in the 2nd quarter. Duncker Streett & Co. Inc. now owns 2,698 shares of the fast-food giant’s stock valued at $560,000 after purchasing an additional 50 shares during the last quarter. Finally, Legacy Private Trust Co. raised its stake in Mcdonald’s by 1.1% in the 2nd quarter. Legacy Private Trust Co. now owns 4,678 shares of the fast-food giant’s stock valued at $971,000 after purchasing an additional 52 shares during the last quarter. Institutional investors own 68.21% of the company’s stock.

MCD has been the subject of several analyst reports. Stifel Nicolaus boosted their target price on shares of Mcdonald’s from $200.00 to $210.00 and gave the company a “hold” rating in a research note on Monday, July 29th. Sanford C. Bernstein reissued a “buy” rating on shares of Mcdonald’s in a research note on Friday, July 26th. DZ Bank reissued a “hold” rating and issued a $220.00 target price (down previously from $222.00) on shares of Mcdonald’s in a research note on Tuesday, July 30th. SunTrust Banks boosted their target price on shares of Mcdonald’s to $230.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Finally, BMO Capital Markets upped their price objective on shares of Mcdonald’s to $230.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Eight research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $220.23.

In other news, EVP Silvia Lagnado sold 26,649 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was 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 approximately $8,530,622.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ian Frederick Borden sold 4,149 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $199.22, for a total value of $826,563.78. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by insiders.

Shares of NYSE:MCD traded up $0.79 during trading on Thursday, reaching $217.27. 1,436,535 shares of the stock were exchanged, compared to its average volume of 3,209,126. Mcdonald’s Corp has a 12-month low of $156.56 and a 12-month high of $221.93. The firm has a market capitalization of $164.87 billion, a price-to-earnings ratio of 27.50, a price-to-earnings-growth ratio of 3.11 and a beta of 0.49. The company has a 50-day moving average price of $213.35.

Mcdonald’s (NYSE:MCD) last issued its earnings results on Friday, July 26th. The fast-food giant reported $2.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.06 by ($0.01). Mcdonald’s had a negative return on equity of 92.02% and a net margin of 28.32%. The firm had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.34 billion. During the same quarter in the previous year, the firm posted $1.99 EPS. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. On average, research analysts expect that Mcdonald’s Corp will post 8 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend is Friday, August 30th. Mcdonald’s’s payout ratio is currently 58.73%.

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

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