MPS Loria Financial Planners LLC Cuts Stake in Mcdonald’s Corp (NYSE:MCD)

MPS Loria Financial Planners LLC lowered its stake in shares of Mcdonald’s Corp (NYSE:MCD) by 5.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,065 shares of the fast-food giant’s stock after selling 109 shares during the quarter. MPS Loria Financial Planners LLC’s holdings in Mcdonald’s were worth $428,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Litman Gregory Asset Management LLC acquired a new stake in Mcdonald’s in the second quarter worth about $27,000. Atlas Capital Advisors LLC raised its stake 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 worth $29,000 after purchasing an additional 109 shares during the last quarter. Westside Investment Management Inc. purchased a new position in shares of Mcdonald’s in the second quarter worth about $34,000. Aspire Private Capital LLC purchased a new position in shares of Mcdonald’s in the fourth quarter worth about $32,000. Finally, Canton Hathaway LLC purchased a new position in shares of Mcdonald’s in the first quarter worth about $35,000. 68.03% of the stock is currently owned by institutional investors.

NYSE MCD traded down $4.37 on Monday, reaching $216.78. 1,739,511 shares of the company were exchanged, compared to its average volume of 3,123,892. The firm has a fifty day simple moving average of $211.86. The company has a market cap of $165.57 billion, a PE ratio of 27.44, a P/E/G ratio of 3.12 and a beta of 0.49. Mcdonald’s Corp has a fifty-two week low of $156.56 and a fifty-two week high of $221.93.

Mcdonald’s (NYSE:MCD) last released 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 company had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.34 billion. Mcdonald’s had a negative return on equity of 92.02% and a net margin of 28.32%. The business’s quarterly revenue was down .2% on a year-over-year basis. During the same period last year, the firm posted $1.99 EPS. Equities research analysts expect that Mcdonald’s Corp will post 8 EPS for the current year.

The company also recently disclosed 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 of this dividend is Friday, August 30th. This represents a $4.64 annualized dividend and a dividend yield of 2.14%. Mcdonald’s’s dividend payout ratio is presently 58.73%.

In related news, insider Ian Frederick Borden sold 4,149 shares of the business’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $199.22, for a total value of $826,563.78. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Silvia Lagnado sold 26,649 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $212.58, for a total value of $5,665,044.42. Following the completion of the sale, the executive vice president now owns 40,129 shares in the company, valued at approximately $8,530,622.82. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by insiders.

MCD has been the subject of several research analyst reports. Cowen raised their price objective on Mcdonald’s from $225.00 to $235.00 and gave the stock an “outperform” rating in a research note on Thursday, July 18th. UBS Group raised their price objective on Mcdonald’s from $203.00 to $218.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Mizuho raised their price objective on Mcdonald’s from $215.00 to $230.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. DZ Bank reiterated a “hold” rating and set a $220.00 price target (down from $222.00) on shares of Mcdonald’s in a research report on Tuesday, July 30th. Finally, Credit Suisse Group lifted their price target on Mcdonald’s from $230.00 to $236.00 and gave the company an “outperform” rating in a research report on Tuesday, July 30th. They noted that the move was a valuation call. Eight analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. Mcdonald’s has a consensus rating of “Buy” and an average target price of $219.23.

About Mcdonald’s

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

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