Laurel Wealth Advisors Inc. Reduces Stock Holdings in Mcdonald’s Corp (NYSE:MCD)
Laurel Wealth Advisors Inc. decreased its holdings in Mcdonald’s Corp (NYSE:MCD) by 1.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,187 shares of the fast-food giant’s stock after selling 315 shares during the quarter. Laurel Wealth Advisors Inc.’s holdings in Mcdonald’s were worth $3,361,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also made changes to their positions in the stock. Krane Funds Advisors LLC bought a new position in shares of Mcdonald’s during the 2nd quarter valued at approximately $25,000. Litman Gregory Asset Management LLC acquired a new position in shares of Mcdonald’s in the second quarter valued at about $27,000. Atlas Capital Advisors LLC increased its holdings in shares of Mcdonald’s by 330.3% in the second quarter. Atlas Capital Advisors LLC now owns 142 shares of the fast-food giant’s stock valued at $29,000 after purchasing an additional 109 shares during the period. Westside Investment Management Inc. acquired a new stake in Mcdonald’s during the second quarter worth about $34,000. Finally, Canton Hathaway LLC acquired a new stake in Mcdonald’s during the first quarter worth about $35,000. 67.70% of the stock is owned by institutional investors.
Several analysts recently commented on MCD shares. Cleveland Research reaffirmed a “hold” rating on shares of Mcdonald’s in a report on Friday, July 12th. Bank of America raised their target price on Mcdonald’s from $215.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, June 7th. Stifel Nicolaus raised their target price on Mcdonald’s from $200.00 to $210.00 and gave the stock a “hold” rating in a report on Monday, July 29th. Cowen raised their target price on Mcdonald’s from $225.00 to $235.00 and gave the stock an “outperform” rating in a report on Thursday, July 18th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $230.00 price target (up previously from $210.00) on shares of Mcdonald’s in a research report on Monday, July 15th. Eight equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $220.55.
Shares of NYSE MCD traded down $0.27 during trading on Friday, reaching $211.88. The stock had a trading volume of 55,502 shares, compared to its average volume of 2,660,170. Mcdonald’s Corp has a fifty-two week low of $156.56 and a fifty-two week high of $221.93. The business’s 50-day moving average price is $216.70 and its 200-day moving average price is $201.97. The company has a market cap of $159.24 billion, a P/E ratio of 26.85, a PEG ratio of 3.11 and a beta of 0.49.
Mcdonald’s (NYSE:MCD) last issued its quarterly earnings data on Friday, July 26th. The fast-food giant reported $2.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.06 by ($0.01). The firm had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.34 billion. Mcdonald’s had a net margin of 28.32% and a negative return on equity of 92.02%. The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.99 earnings per share. Research analysts expect that Mcdonald’s Corp will post 8.01 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be issued a $1.16 dividend. The ex-dividend date is Friday, August 30th. This represents a $4.64 dividend on an annualized basis and a yield of 2.19%. Mcdonald’s’s dividend payout ratio (DPR) is presently 58.73%.
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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