Jacobs & Co. CA Sells 603 Shares of Mcdonald’s Corp (NYSE:MCD)

Jacobs & Co. CA lowered its holdings in Mcdonald’s Corp (NYSE:MCD) by 1.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,432 shares of the fast-food giant’s stock after selling 603 shares during the quarter. Mcdonald’s accounts for about 1.5% of Jacobs & Co. CA’s investment portfolio, making the stock its 20th biggest position. Jacobs & Co. CA’s holdings in Mcdonald’s were worth $9,540,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Salomon & Ludwin LLC lifted its position in shares of Mcdonald’s by 3.7% during the second quarter. Salomon & Ludwin LLC now owns 1,280 shares of the fast-food giant’s stock worth $266,000 after purchasing an additional 46 shares in the last quarter. First Command Financial Services Inc. lifted its position in shares of Mcdonald’s by 2.7% during the second quarter. First Command Financial Services Inc. now owns 1,857 shares of the fast-food giant’s stock worth $386,000 after purchasing an additional 48 shares in the last quarter. Graves Light Private Wealth Management Inc. lifted its position in shares of Mcdonald’s by 1.5% during the second quarter. Graves Light Private Wealth Management Inc. now owns 3,428 shares of the fast-food giant’s stock worth $712,000 after purchasing an additional 49 shares in the last quarter. Larson Financial Group LLC lifted its position in shares of Mcdonald’s by 10.1% during the third quarter. Larson Financial Group LLC now owns 535 shares of the fast-food giant’s stock worth $115,000 after purchasing an additional 49 shares in the last quarter. Finally, Gilman Hill Asset Management LLC lifted its position in shares of Mcdonald’s by 2.2% during the second quarter. Gilman Hill Asset Management LLC now owns 2,344 shares of the fast-food giant’s stock worth $487,000 after purchasing an additional 50 shares in the last quarter. 67.91% of the stock is currently owned by institutional investors and hedge funds.

In other Mcdonald’s news, VP Catherine A. Hoovel sold 457 shares of the company’s stock in a transaction that occurred on 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 sale, the vice president now owns 1,348 shares of the company’s stock, valued at $294,066.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John J. Mulligan bought 1,300 shares of the stock in a transaction on Wednesday, November 6th. The stock was purchased at an average cost of $193.46 per share, with a total value of $251,498.00. Following the purchase, the director now directly owns 2,900 shares of the company’s stock, valued at approximately $561,034. The disclosure for this purchase can be found here. 0.25% of the stock is currently owned by corporate insiders.

NYSE:MCD traded up $0.53 during trading hours on Friday, hitting $193.61. The stock had a trading volume of 3,457,071 shares, compared to its average volume of 3,371,192. Mcdonald’s Corp has a one year low of $169.04 and a one year high of $221.93. The company has a market cap of $144.73 billion, a price-to-earnings ratio of 24.51, a P/E/G ratio of 3.04 and a beta of 0.48. The business’s 50 day moving average is $204.71 and its 200-day moving average is $207.29.

Mcdonald’s (NYSE:MCD) last issued its earnings results on Tuesday, October 22nd. The fast-food giant reported $2.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.21 by ($0.10). Mcdonald’s had a net margin of 28.09% and a negative return on equity of 85.71%. The firm had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.47 billion. During the same period in the previous year, the company posted $2.10 EPS. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. As a group, sell-side analysts expect that Mcdonald’s Corp will post 7.87 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.58%. The ex-dividend date is Friday, November 29th. This is an increase from Mcdonald’s’s previous quarterly dividend of $1.16. Mcdonald’s’s dividend payout ratio is presently 58.73%.

MCD has been the topic of a number of research reports. Sanford C. Bernstein reiterated a “buy” rating on shares of Mcdonald’s in a research report on Friday, July 26th. Citigroup reduced their target price on shares of Mcdonald’s from $221.00 to $216.00 and set a “neutral” rating on the stock in a research report on Monday, November 4th. TheStreet upgraded shares of Mcdonald’s from a “c+” rating to a “b-” rating in a research report on Monday, August 26th. BMO Capital Markets upped their target price on shares of Mcdonald’s to $230.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Finally, Mizuho upped their target price on shares of Mcdonald’s from $215.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Eight equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $222.96.

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.

See Also: What is meant by holder of record?

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

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