Howland Capital Management LLC Buys 29 Shares of McDonald’s Corporation (MCD)

Howland Capital Management LLC increased its stake in McDonald’s Corporation (NYSE:MCD) by 1.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,970 shares of the fast-food giant’s stock after purchasing an additional 29 shares during the period. Howland Capital Management LLC’s holdings in McDonald’s Corporation were worth $455,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in MCD. Swiss National Bank lifted its holdings in shares of McDonald’s Corporation by 18.0% in the 1st quarter. Swiss National Bank now owns 3,653,548 shares of the fast-food giant’s stock worth $473,536,000 after purchasing an additional 558,300 shares during the last quarter. Karp Capital Management Corp bought a new stake in shares of McDonald’s Corporation in the 1st quarter worth approximately $66,583,000. WINTON GROUP Ltd lifted its holdings in shares of McDonald’s Corporation by 1,155.8% in the 1st quarter. WINTON GROUP Ltd now owns 544,488 shares of the fast-food giant’s stock worth $62,812,000 after purchasing an additional 501,130 shares during the last quarter. Bank of Montreal Can lifted its holdings in shares of McDonald’s Corporation by 26.3% in the 2nd quarter. Bank of Montreal Can now owns 1,894,258 shares of the fast-food giant’s stock worth $290,125,000 after purchasing an additional 393,881 shares during the last quarter. Finally, Scopus Asset Management L.P. bought a new stake in shares of McDonald’s Corporation in the 1st quarter worth approximately $42,771,000. 67.92% of the stock is currently owned by institutional investors and hedge funds.

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In related news, EVP David Ogden Fairhurst sold 4,782 shares of the company’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $157.05, for a total value of $751,013.10. Following the completion of the transaction, the executive vice president now directly owns 6,954 shares of the company’s stock, valued at approximately $1,092,125.70. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Kevin M. Ozan sold 25,322 shares of the company’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $158.50, for a total transaction of $4,013,537.00. Following the completion of the transaction, the chief financial officer now directly owns 24,039 shares of the company’s stock, valued at $3,810,181.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 69,938 shares of company stock valued at $11,033,009. 0.24% of the stock is owned by corporate insiders.

MCD has been the topic of several analyst reports. Sanford C. Bernstein restated an “outperform” rating and issued a $170.00 target price (up from $160.00) on shares of McDonald’s Corporation in a research report on Thursday, May 25th. Jefferies Group LLC restated a “hold” rating and issued a $140.00 target price on shares of McDonald’s Corporation in a research report on Wednesday, July 19th. Longbow Research restated a “neutral” rating on shares of McDonald’s Corporation in a research report on Saturday, July 22nd. Bank of America Corporation restated a “buy” rating and issued a $175.00 target price on shares of McDonald’s Corporation in a research report on Monday, August 14th. Finally, Barclays PLC set a $164.00 target price on McDonald’s Corporation and gave the company a “buy” rating in a research report on Wednesday, July 19th. Twelve investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $162.26.

McDonald’s Corporation (MCD) traded up 0.11% during mid-day trading on Monday, reaching $157.09. The company had a trading volume of 1,408,668 shares. The firm’s 50-day moving average price is $157.61 and its 200-day moving average price is $146.38. McDonald’s Corporation has a 12 month low of $110.33 and a 12 month high of $161.72. The stock has a market cap of $127.24 billion, a PE ratio of 25.71 and a beta of 0.70.

McDonald’s Corporation (NYSE:MCD) last released its quarterly earnings data on Tuesday, July 25th. The fast-food giant reported $1.70 EPS for the quarter, beating the Zacks’ consensus estimate of $1.62 by $0.08. McDonald’s Corporation had a net margin of 21.00% and a negative return on equity of 264.89%. The business had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $5.96 billion. During the same quarter in the prior year, the company earned $1.45 EPS. The firm’s quarterly revenue was down 3.4% on a year-over-year basis. Equities research analysts forecast that McDonald’s Corporation will post $6.55 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Friday, September 1st will be given a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date is Wednesday, August 30th. McDonald’s Corporation’s dividend payout ratio is currently 61.54%.

McDonald’s Corporation Profile

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

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