Family Management Corp Acquires 431 Shares of Mcdonald’s Corp (NYSE:MCD)

Family Management Corp raised its holdings in shares of Mcdonald’s Corp (NYSE:MCD) by 22.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,309 shares of the fast-food giant’s stock after acquiring an additional 431 shares during the quarter. Family Management Corp’s holdings in Mcdonald’s were worth $479,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of MCD. Shorepoint Capital Partners LLC bought a new stake in Mcdonald’s during the 1st quarter valued at $3,060,000. Ipswich Investment Management Co. Inc. increased its holdings in shares of Mcdonald’s by 0.6% in the first quarter. Ipswich Investment Management Co. Inc. now owns 11,893 shares of the fast-food giant’s stock worth $2,258,000 after purchasing an additional 70 shares during the period. Virtu Financial LLC increased its holdings in shares of Mcdonald’s by 146.1% in the first quarter. Virtu Financial LLC now owns 17,825 shares of the fast-food giant’s stock worth $3,385,000 after purchasing an additional 10,583 shares during the period. Landsberg Bennett & Dubbaneh LLC increased its holdings in shares of Mcdonald’s by 4.1% in the first quarter. Landsberg Bennett & Dubbaneh LLC now owns 16,861 shares of the fast-food giant’s stock worth $3,176,000 after purchasing an additional 665 shares during the period. Finally, CRA Financial Services LLC increased its holdings in shares of Mcdonald’s by 3.6% in the first quarter. CRA Financial Services LLC now owns 3,317 shares of the fast-food giant’s stock worth $630,000 after purchasing an additional 116 shares during the period. 67.61% of the stock is currently owned by institutional investors and hedge funds.

In related news, VP Catherine A. Hoovel sold 457 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $218.15, for a total value of $99,694.55. Following the completion of the transaction, the vice president now directly owns 1,348 shares of the company’s stock, valued at $294,066.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Silvia Lagnado sold 26,649 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $212.58, for a total transaction of $5,665,044.42. Following the completion of the transaction, the executive vice president now directly owns 40,129 shares of the company’s stock, valued at $8,530,622.82. The disclosure for this sale can be found here. 0.25% of the stock is owned by corporate insiders.

MCD has been the topic of several research analyst reports. Cleveland Research reaffirmed a “hold” rating on shares of Mcdonald’s in a report on Friday, July 12th. UBS Group upped their price target on shares of Mcdonald’s from $203.00 to $218.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Stephens upped their price target on shares of Mcdonald’s from $220.00 to $230.00 and gave the stock an “overweight” rating in a report on Monday, July 29th. Goldman Sachs Group initiated coverage on shares of Mcdonald’s in a report on Monday, July 29th. They issued a “buy” rating and a $250.00 price target on the stock. Finally, Bank of America upped their price target on shares of Mcdonald’s from $215.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, June 7th. Eight analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $220.55.

Shares of NYSE:MCD traded up $0.93 during midday trading on Friday, hitting $211.45. 1,568,483 shares of the stock traded hands, compared to its average volume of 2,870,898. The stock has a market capitalization of $160.38 billion, a PE ratio of 26.77, a P/E/G ratio of 3.11 and a beta of 0.49. The business’s 50 day moving average is $216.06 and its two-hundred day moving average is $202.89. Mcdonald’s Corp has a one year low of $159.37 and a one year high of $221.93.

Mcdonald’s (NYSE:MCD) last issued its quarterly earnings data on Friday, July 26th. The fast-food giant reported $2.05 EPS for the quarter, missing the consensus estimate of $2.06 by ($0.01). The firm had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.34 billion. Mcdonald’s had a net margin of 28.32% and a negative return on equity of 92.02%. The business’s revenue was down .2% on a year-over-year basis. During the same period last year, the company posted $1.99 earnings per share. Sell-side analysts expect that Mcdonald’s Corp will post 8.01 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date was Friday, August 30th. Mcdonald’s’s payout ratio is currently 58.73%.

Mcdonald’s Profile

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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