McDonald’s Corporation (NYSE:MCD) Position Decreased by Smith Asset Management Group LP

Smith Asset Management Group LP cut its stake in shares of McDonald’s Corporation (NYSE:MCD) by 6.3% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 225,270 shares of the fast-food giant’s stock after selling 15,200 shares during the period. Smith Asset Management Group LP’s holdings in McDonald’s Corporation were worth $29,197,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Banco Santander S.A. bought a new stake in McDonald’s Corporation during the fourth quarter valued at about $5,899,000. Guggenheim Capital LLC raised its stake in McDonald’s Corporation by 8.2% in the fourth quarter. Guggenheim Capital LLC now owns 576,169 shares of the fast-food giant’s stock valued at $70,133,000 after buying an additional 43,866 shares during the last quarter. HCR Wealth Advisors acquired a new stake in McDonald’s Corporation during the fourth quarter valued at $904,000. Ladenburg Thalmann Financial Services Inc. raised its stake in McDonald’s Corporation by 4.2% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 147,929 shares of the fast-food giant’s stock valued at $17,972,000 after buying an additional 5,952 shares during the last quarter. Finally, Denver Investment Advisors LLC raised its stake in McDonald’s Corporation by 18.2% in the fourth quarter. Denver Investment Advisors LLC now owns 23,891 shares of the fast-food giant’s stock valued at $2,908,000 after buying an additional 3,685 shares during 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) opened at 157.76 on Friday. McDonald’s Corporation has a 52-week low of $110.33 and a 52-week high of $159.98. The stock has a 50 day moving average of $155.41 and a 200-day moving average of $141.89. The stock has a market capitalization of $127.78 billion, a price-to-earnings ratio of 25.82 and a beta of 0.70.

McDonald’s Corporation (NYSE:MCD) last released its quarterly earnings data on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 business had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $5.96 billion. During the same quarter in the previous year, the business posted $1.45 EPS. McDonald’s Corporation’s revenue for the quarter was down 3.4% on a year-over-year basis. On average, equities research analysts predict that McDonald’s Corporation will post $6.54 EPS for the current fiscal year.

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

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Several analysts have weighed in on MCD shares. Telsey Advisory Group boosted their target price on shares of McDonald’s Corporation from $136.00 to $140.00 and gave the company an “outperform” rating in a research note on Friday, April 21st. BMO Capital Markets started coverage on shares of McDonald’s Corporation in a research note 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 note on Saturday, April 22nd. Nomura reiterated a “buy” rating and set a $161.00 target price on shares of McDonald’s Corporation in a research note on Wednesday, April 26th. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $155.00 target price on shares of McDonald’s Corporation in a research note on Wednesday, April 26th. Twelve equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. McDonald’s Corporation currently has an average rating of “Buy” and a consensus target price of $162.16.

In other news, insider Douglas M. Goare sold 17,286 shares of McDonald’s Corporation stock in a transaction dated 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 is accessible through the SEC website. Also, EVP David Ogden Fairhurst sold 4,782 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $157.05, for a total value of $751,013.10. Following the completion of the sale, the executive vice president now owns 6,954 shares in the company, valued at approximately $1,092,125.70. The disclosure for this sale can be found here. Insiders have sold a total of 69,938 shares of company stock worth $11,033,009 in the last quarter. 0.24% of the stock is currently owned by company insiders.

About McDonald’s Corporation

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.

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

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