Noesis Capital Mangement Corp purchased a new position in shares of Mcdonald’s Corp (NYSE:MCD) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,291 shares of the fast-food giant’s stock, valued at approximately $268,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of MCD. Norges Bank acquired a new position in Mcdonald’s during the 4th quarter worth about $1,326,793,000. Thoroughbred Financial Services LLC lifted its position in Mcdonald’s by 21,724.4% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 3,151,660 shares of the fast-food giant’s stock worth $315,166,000 after buying an additional 3,137,219 shares in the last quarter. FMR LLC lifted its position in Mcdonald’s by 15.3% during the 4th quarter. FMR LLC now owns 21,356,753 shares of the fast-food giant’s stock worth $3,792,318,000 after buying an additional 2,831,716 shares in the last quarter. Ronna Sue Cohen lifted its position in Mcdonald’s by 18,528.9% during the 1st quarter. Ronna Sue Cohen now owns 2,408,909 shares of the fast-food giant’s stock valued at $2,409,000 after purchasing an additional 2,395,978 shares during the period. Finally, Marshall Wace LLP lifted its position in Mcdonald’s by 1,010.2% during the 1st quarter. Marshall Wace LLP now owns 1,451,960 shares of the fast-food giant’s stock valued at $275,727,000 after purchasing an additional 1,321,172 shares during the period. Institutional investors and hedge funds own 68.25% of the company’s stock.

In other news, VP Catherine A. Hoovel sold 457 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $218.15, for a total value of $99,694.55. Following the completion of the sale, the vice president now directly owns 1,348 shares of the company’s stock, valued at approximately $294,066.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Silvia Lagnado sold 26,649 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $212.58, for a total value of $5,665,044.42. Following the sale, the executive vice president now directly owns 40,129 shares of the company’s stock, valued at $8,530,622.82. The disclosure for this sale can be found here. Corporate insiders own 0.25% of the company’s stock.

Shares of MCD stock traded down $2.24 on Thursday, reaching $218.47. The company had a trading volume of 148,222 shares, compared to its average volume of 3,326,445. The stock has a market cap of $166.15 billion, a PE ratio of 27.66, a PEG ratio of 3.13 and a beta of 0.49. The company has a 50-day moving average of $215.00 and a 200-day moving average of $197.82. Mcdonald’s Corp has a 12 month low of $156.56 and a 12 month high of $221.93.

Mcdonald’s (NYSE:MCD) last announced its quarterly earnings results on Friday, July 26th. The fast-food giant reported $2.05 EPS for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.01). The company had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $5.34 billion. Mcdonald’s had a net margin of 28.32% and a negative return on equity of 92.02%. The business’s revenue was down .2% compared to the same quarter last year. During the same period last year, the company earned $1.99 earnings per share. Analysts anticipate that Mcdonald’s Corp will post 8.01 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be paid a $1.16 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.12%. Mcdonald’s’s dividend payout ratio (DPR) is presently 58.73%.

A number of research analysts have issued reports on the stock. Jefferies Financial Group upped their target price on shares of Mcdonald’s from $225.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, June 28th. Credit Suisse Group upped their target price on shares of Mcdonald’s from $230.00 to $236.00 and gave the company an “outperform” rating in a research report on Tuesday, July 30th. They noted that the move was a valuation call. Bank of America upped their target price on shares of Mcdonald’s from $215.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, June 7th. Cowen upped their target price on shares of Mcdonald’s from $225.00 to $235.00 and gave the company an “outperform” rating in a research report on Thursday, July 18th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $230.00 target price (up from $210.00) on shares of Mcdonald’s in a research report on Monday, July 15th. Eight analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $220.23.

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.

Read More: What is Cost of Goods Sold (COGS)?

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

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