Dynamic Advisor Solutions LLC increased its stake in McDonald’s Co. (NYSE:MCD) by 22.2% in the second quarter, Holdings Channel.com reports. The institutional investor owned 20,322 shares of the fast-food giant’s stock after purchasing an additional 3,696 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in McDonald’s were worth $4,694,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Isthmus Partners LLC purchased a new position in McDonald’s in the second quarter valued at about $46,000. Wealthquest Corp lifted its holdings in McDonald’s by 4.2% during the 2nd quarter. Wealthquest Corp now owns 2,768 shares of the fast-food giant’s stock worth $639,000 after buying an additional 112 shares during the last quarter. National Asset Management Inc. lifted its holdings in McDonald’s by 18.4% during the 2nd quarter. National Asset Management Inc. now owns 32,012 shares of the fast-food giant’s stock worth $7,369,000 after buying an additional 4,964 shares during the last quarter. One Charles Private Wealth Services LLC bought a new position in McDonald’s during the 2nd quarter worth approximately $487,000. Finally, Mercer Global Advisors Inc. ADV lifted its holdings in McDonald’s by 6.6% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 61,110 shares of the fast-food giant’s stock worth $14,116,000 after buying an additional 3,781 shares during the last quarter. Institutional investors and hedge funds own 66.34% of the company’s stock.
Several research firms recently commented on MCD. KeyCorp raised their target price on McDonald’s from $265.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, July 29th. Royal Bank of Canada raised their target price on McDonald’s from $263.00 to $268.00 and gave the company an “outperform” rating in a research report on Thursday, July 29th. UBS Group raised their target price on McDonald’s from $260.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, July 29th. Jefferies Financial Group lifted their price target on McDonald’s from $272.00 to $280.00 and gave the company a “buy” rating in a research report on Thursday, July 29th. Finally, TheStreet upgraded McDonald’s from a “c+” rating to a “b-” rating in a research report on Monday, August 9th. Seven investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $256.72.
Shares of McDonald’s stock traded down $1.31 during trading on Wednesday, reaching $239.82. The company’s stock had a trading volume of 36,843 shares, compared to its average volume of 2,719,415. The business’s fifty day moving average price is $237.97 and its 200-day moving average price is $232.04. The firm has a market cap of $179.10 billion, a price-to-earnings ratio of 26.24, a price-to-earnings-growth ratio of 2.36 and a beta of 0.63. McDonald’s Co. has a one year low of $202.73 and a one year high of $247.05.
McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Tuesday, July 27th. The fast-food giant reported $2.37 EPS for the quarter, topping analysts’ consensus estimates of $2.11 by $0.26. The business had revenue of $5.89 billion for the quarter, compared to analyst estimates of $5.63 billion. McDonald’s had a negative return on equity of 83.98% and a net margin of 31.72%. During the same period in the previous year, the company posted $0.66 earnings per share. On average, equities research analysts anticipate that McDonald’s Co. will post 9 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 15th. Stockholders of record on Wednesday, September 1st will be paid a $1.29 dividend. The ex-dividend date of this dividend is Tuesday, August 31st. This represents a $5.16 dividend on an annualized basis and a dividend yield of 2.15%. McDonald’s’s payout ratio is presently 85.29%.
McDonald’s Company Profile
McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S.; International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations in the United States. The International Operated Markets segment comprises operations and franchising of restaurant in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the U.K.
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