Fagan Associates Inc. Sells 40 Shares of McDonald’s Corporation (MCD)

Fagan Associates Inc. trimmed its position in shares of McDonald’s Corporation (NYSE:MCD) by 0.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,989 shares of the fast-food giant’s stock after selling 40 shares during the quarter. Fagan Associates Inc.’s holdings in McDonald’s Corporation were worth $1,530,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Canada Pension Plan Investment Board increased its holdings in shares of McDonald’s Corporation by 1.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 449,237 shares of the fast-food giant’s stock valued at $68,805,000 after purchasing an additional 4,300 shares in the last quarter. Legacy Capital Partners Inc. increased its holdings in shares of McDonald’s Corporation by 7.0% during the 1st quarter. Legacy Capital Partners Inc. now owns 26,154 shares of the fast-food giant’s stock valued at $3,390,000 after purchasing an additional 1,706 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in shares of McDonald’s Corporation by 10.6% during the 2nd quarter. Teacher Retirement System of Texas now owns 467,212 shares of the fast-food giant’s stock valued at $71,558,000 after purchasing an additional 44,899 shares in the last quarter. Holderness Investments Co. increased its holdings in shares of McDonald’s Corporation by 323.7% during the 1st quarter. Holderness Investments Co. now owns 10,589 shares of the fast-food giant’s stock valued at $1,372,000 after purchasing an additional 8,090 shares in the last quarter. Finally, Cypress Asset Management Inc. TX increased its holdings in shares of McDonald’s Corporation by 136.4% during the 2nd quarter. Cypress Asset Management Inc. TX now owns 28,274 shares of the fast-food giant’s stock valued at $4,330,000 after purchasing an additional 16,315 shares in the last quarter. 68.03% of the stock is owned by hedge funds and other institutional investors.

In other McDonald’s Corporation news, EVP David Ogden Fairhurst sold 4,782 shares of the business’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $157.05, for a total transaction of $751,013.10. Following the sale, the executive vice president now directly owns 6,954 shares in the company, valued at $1,092,125.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP James R. Sappington sold 8,046 shares of the business’s stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $165.00, for a total transaction of $1,327,590.00. Following the sale, the vice president now owns 15,739 shares in the company, valued at $2,596,935. The disclosure for this sale can be found here. 0.24% of the stock is owned by corporate insiders.

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Shares of McDonald’s Corporation (NYSE:MCD) opened at $165.59 on Friday. The company has a debt-to-equity ratio of -8.17, a quick ratio of 1.27 and a current ratio of 1.28. The stock has a market cap of $132,006.02, a PE ratio of 25.87, a price-to-earnings-growth ratio of 2.71 and a beta of 0.67. McDonald’s Corporation has a one year low of $114.17 and a one year high of $170.92.

McDonald’s Corporation (NYSE:MCD) last issued its quarterly earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.75 by $0.01. The company had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.75 billion. McDonald’s Corporation had a net margin of 24.19% and a negative return on equity of 216.45%. The business’s revenue for the quarter was down 10.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.62 earnings per share. sell-side analysts anticipate that McDonald’s Corporation will post 6.52 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $1.01 per share. The ex-dividend date is Thursday, November 30th. This is a positive change from McDonald’s Corporation’s previous quarterly dividend of $0.94. This represents a $4.04 dividend on an annualized basis and a yield of 2.44%. McDonald’s Corporation’s dividend payout ratio is 54.26%.

Several equities analysts have recently weighed in on MCD shares. Mizuho reaffirmed a “buy” rating and set a $173.00 target price (up from $170.00) on shares of McDonald’s Corporation in a report on Wednesday, September 13th. Robert W. Baird reaffirmed a “buy” rating and set a $170.00 target price on shares of McDonald’s Corporation in a report on Friday, September 1st. Zacks Investment Research cut shares of McDonald’s Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Barclays PLC set a $164.00 price target on shares of McDonald’s Corporation and gave the company a “buy” rating in a research note on Wednesday, July 19th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $175.00 price target on shares of McDonald’s Corporation in a research note on Friday, September 8th. Eleven analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. McDonald’s Corporation presently has an average rating of “Buy” and an average price target of $169.96.

About McDonald’s Corporation

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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