McDonald’s Corporation (MCD) Stake Maintained by Blackhill Capital Inc.

Blackhill Capital Inc. maintained its position in McDonald’s Corporation (NYSE:MCD) during the second quarter, Holdings Channel reports. The fund owned 4,600 shares of the fast-food giant’s stock at the end of the second quarter. Blackhill Capital Inc.’s holdings in McDonald’s Corporation were worth $705,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Capital Insight Partners LLC acquired a new stake in McDonald’s Corporation during the second quarter valued at about $223,000. Manning & Napier Advisors LLC acquired a new stake in McDonald’s Corporation during the second quarter valued at about $17,914,000. Roanoke Asset Management Corp NY boosted its stake in McDonald’s Corporation by 21.1% in the second quarter. Roanoke Asset Management Corp NY now owns 5,280 shares of the fast-food giant’s stock valued at $809,000 after buying an additional 920 shares in the last quarter. Reilly Financial Advisors LLC boosted its stake in McDonald’s Corporation by 30.5% in the second quarter. Reilly Financial Advisors LLC now owns 2,995 shares of the fast-food giant’s stock valued at $459,000 after buying an additional 700 shares in the last quarter. Finally, Prospera Financial Services Inc boosted its stake in McDonald’s Corporation by 46.7% in the second quarter. Prospera Financial Services Inc now owns 7,466 shares of the fast-food giant’s stock valued at $1,143,000 after buying an additional 2,377 shares in the last quarter. 68.20% of the stock is currently owned by hedge funds and other institutional investors.

Shares of McDonald’s Corporation (NYSE MCD) traded down 0.02% during midday trading on Friday, reaching $157.86. The company’s stock had a trading volume of 1,223,610 shares. The company has a market capitalization of $127.87 billion, a P/E ratio of 25.84 and a beta of 0.70. The stock’s 50-day moving average is $155.28 and its 200-day moving average is $141.64. McDonald’s Corporation has a one year low of $110.33 and a one year high of $159.98.

McDonald’s Corporation (NYSE:MCD) last released its quarterly earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.08. McDonald’s Corporation had a negative return on equity of 264.89% and a net margin of 21.00%. The company had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $5.96 billion. During the same period in the prior year, the firm earned $1.45 earnings per share. The firm’s revenue was down 3.4% compared to the same quarter last year. On average, equities analysts expect that McDonald’s Corporation will post $6.55 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend is Wednesday, August 30th. McDonald’s Corporation’s dividend payout ratio (DPR) is 61.54%.

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Several analysts recently issued reports on MCD shares. Nomura increased their target price on McDonald’s Corporation from $136.00 to $146.00 and gave the stock a “buy” rating in a research report on Thursday, April 20th. Telsey Advisory Group increased their target price on McDonald’s Corporation from $136.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday, April 21st. BMO Capital Markets started coverage on McDonald’s Corporation in a research report on Friday, April 21st. They set an “outperform” rating and a $153.00 target price for the company. Instinet reiterated a “buy” rating and set a $146.00 target price (up previously from $136.00) on shares of McDonald’s Corporation in a research report on Saturday, April 22nd. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $155.00 target price on shares of McDonald’s Corporation in a research report on Wednesday, April 26th. Twelve investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $162.16.

In other McDonald’s Corporation news, insider Douglas M. Goare sold 17,286 shares of the company’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $158.50, for a total transaction of $2,739,831.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP David Ogden Fairhurst sold 4,782 shares of the company’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $157.05, for a total value of $751,013.10. Following the transaction, the executive vice president now owns 6,954 shares in the company, valued at $1,092,125.70. The disclosure for this sale can be found here. Insiders have sold 69,938 shares of company stock worth $11,033,009 over the last 90 days. 0.24% of the stock is owned by insiders.

McDonald’s Corporation Company Profile

McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.

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

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