ARGI Investment Services LLC increased its position in McDonald’s Corporation (NYSE:MCD) by 4.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,046 shares of the fast-food giant’s stock after acquiring an additional 282 shares during the quarter. ARGI Investment Services LLC’s holdings in McDonald’s Corporation were worth $918,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC grew its holdings in McDonald’s Corporation by 87.8% during the 1st quarter. Proficio Capital Partners LLC now owns 740 shares of the fast-food giant’s stock valued at $111,000 after buying an additional 346 shares in the last quarter. Acrospire Investment Management LLC purchased a new stake in McDonald’s Corporation during the 2nd quarter valued at approximately $153,000. QCI Asset Management Inc. NY grew its holdings in McDonald’s Corporation by 22.4% during the 2nd quarter. QCI Asset Management Inc. NY now owns 1,094 shares of the fast-food giant’s stock valued at $168,000 after buying an additional 200 shares in the last quarter. AlphaMark Advisors LLC grew its holdings in McDonald’s Corporation by 0.4% during the 2nd quarter. AlphaMark Advisors LLC now owns 1,288 shares of the fast-food giant’s stock valued at $197,000 after buying an additional 5 shares in the last quarter. Finally, Zions Bancorporation grew its holdings in McDonald’s Corporation by 44.6% during the 1st quarter. Zions Bancorporation now owns 1,546 shares of the fast-food giant’s stock valued at $201,000 after buying an additional 477 shares in the last quarter. 67.95% of the stock is owned by institutional investors.
McDonald’s Corporation (NYSE:MCD) opened at $169.05 on Thursday. McDonald’s Corporation has a 52 week low of $117.71 and a 52 week high of $170.92. The company has a quick ratio of 1.27, a current ratio of 1.28 and a debt-to-equity ratio of -8.17. The stock has a market capitalization of $134,166.34, a PE ratio of 26.30, a price-to-earnings-growth ratio of 2.75 and a beta of 0.67.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend is Thursday, November 30th. This is a positive change from McDonald’s Corporation’s previous quarterly dividend of $0.94. McDonald’s Corporation’s payout ratio is 54.26%.
A number of brokerages have issued reports on MCD. BidaskClub raised shares of McDonald’s Corporation from a “hold” rating to a “buy” rating in a report on Monday, August 14th. Barclays PLC reaffirmed an “overweight” rating and set a $173.00 price objective (up from $164.00) on shares of McDonald’s Corporation in a report on Wednesday, July 26th. Vetr raised shares of McDonald’s Corporation from a “sell” rating to a “hold” rating and set a $159.47 price objective for the company in a report on Thursday, August 3rd. Bank of America Corporation reaffirmed a “buy” rating and set a $175.00 price objective on shares of McDonald’s Corporation in a report on Monday, August 14th. Finally, Nomura set a $183.00 target price on shares of McDonald’s Corporation and gave the company a “buy” rating in a report on Tuesday, October 17th. Eleven research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $169.96.
In other McDonald’s Corporation news, VP James R. Sappington sold 8,046 shares of McDonald’s Corporation stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $165.00, for a total value of $1,327,590.00. Following the transaction, the vice president now owns 15,739 shares in the company, valued at $2,596,935. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.24% of the stock is owned by insiders.
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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.
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