McDonald's Co. (NYSE:MCD) Shares Sold by Calamos Advisors LLC
Calamos Advisors LLC lowered its holdings in McDonald's Co. (NYSE:MCD) by 3.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 259,916 shares of the fast-food giant’s stock after selling 10,454 shares during the quarter. Calamos Advisors LLC’s holdings in McDonald's were worth $57,049,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the business. Morgan Dempsey Capital Management LLC raised its position in McDonald's by 2.9% in the third quarter. Morgan Dempsey Capital Management LLC now owns 43,209 shares of the fast-food giant’s stock valued at $9,484,000 after purchasing an additional 1,232 shares during the period. Americana Partners LLC raised its position in McDonald's by 4.0% in the third quarter. Americana Partners LLC now owns 2,621 shares of the fast-food giant’s stock valued at $575,000 after purchasing an additional 101 shares during the period. Essex Savings Bank raised its position in McDonald's by 14.0% in the third quarter. Essex Savings Bank now owns 7,044 shares of the fast-food giant’s stock valued at $1,546,000 after purchasing an additional 864 shares during the period. Bradley Foster & Sargent Inc. CT purchased a new stake in McDonald's in the third quarter valued at $36,202,000. Finally, Norris Perne & French LLP MI raised its position in McDonald's by 1.0% in the third quarter. Norris Perne & French LLP MI now owns 55,462 shares of the fast-food giant’s stock valued at $12,173,000 after purchasing an additional 547 shares during the period. Institutional investors own 66.07% of the company’s stock.
A number of equities research analysts have commented on MCD shares. Piper Sandler lifted their target price on McDonald's from $197.00 to $203.00 and gave the company a “neutral” rating in a research report on Monday, September 14th. SVB Leerink initiated coverage on McDonald's in a research report on Friday, July 24th. They issued a “hold” rating on the stock. Telsey Advisory Group boosted their price objective on McDonald's from $210.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, September 4th. Morgan Stanley boosted their price objective on McDonald's from $208.00 to $248.00 and gave the company an “overweight” rating in a report on Wednesday, October 14th. Finally, Wells Fargo & Company boosted their price objective on McDonald's from $222.00 to $244.00 and gave the company an “overweight” rating in a report on Thursday, October 1st. Eight investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $222.00.
McDonald's (NYSE:MCD) last released its quarterly earnings data on Tuesday, July 28th. The fast-food giant reported $0.66 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.10). The business had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.73 billion. McDonald's had a negative return on equity of 52.78% and a net margin of 24.78%. The company’s revenue was down 29.6% compared to the same quarter last year. During the same period in the prior year, the company posted $2.05 earnings per share. Equities analysts predict that McDonald's Co. will post 5.98 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be given a dividend of $1.29 per share. This is a boost from McDonald's’s previous quarterly dividend of $1.25. This represents a $5.16 annualized dividend and a dividend yield of 2.40%. The ex-dividend date is Monday, November 30th. McDonald's’s dividend payout ratio is currently 63.78%.
McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products and beverages, as well as breakfast menu. As of December 31, 2019, the company operated 38,695 restaurants. McDonald's Corporation was founded in 1940 and is based in Chicago, Illinois.
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