322 Shares in McDonald’s Corporation (MCD) Acquired by Vantage Financial Partners Ltd. Inc.

Vantage Financial Partners Ltd. Inc. acquired a new position in shares of McDonald’s Corporation (NYSE:MCD) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 322 shares of the fast-food giant’s stock, valued at approximately $322,000.

Other hedge funds have also bought and sold shares of the company. Proficio Capital Partners LLC increased its holdings in shares of McDonald’s by 87.8% in the 1st quarter. Proficio Capital Partners LLC now owns 740 shares of the fast-food giant’s stock valued at $111,000 after acquiring an additional 346 shares during the last quarter. Acrospire Investment Management LLC bought a new stake in shares of McDonald’s in the 2nd quarter valued at approximately $153,000. QCI Asset Management Inc. NY increased its holdings in shares of McDonald’s by 22.4% in the 2nd quarter. QCI Asset Management Inc. NY now owns 1,094 shares of the fast-food giant’s stock valued at $168,000 after acquiring an additional 200 shares during the last quarter. AlphaMark Advisors LLC increased its holdings in shares of McDonald’s by 0.4% in the 2nd quarter. AlphaMark Advisors LLC now owns 1,288 shares of the fast-food giant’s stock valued at $197,000 after acquiring an additional 5 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC increased its holdings in shares of McDonald’s by 4.0% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 1,285 shares of the fast-food giant’s stock valued at $197,000 after acquiring an additional 50 shares during the last quarter. Institutional investors own 67.40% of the company’s stock.

Shares of McDonald’s Corporation (NYSE:MCD) traded up $2.34 on Wednesday, reaching $172.99. The company had a trading volume of 3,228,700 shares, compared to its average volume of 3,475,051. The company has a market cap of $136,039.72, a P/E ratio of 26.66, a P/E/G ratio of 2.79 and a beta of 0.67. The company has a debt-to-equity ratio of -8.17, a quick ratio of 1.27 and a current ratio of 1.28. McDonald’s Corporation has a 52-week low of $118.18 and a 52-week high of $174.25.

McDonald’s (NYSE:MCD) last announced 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. McDonald’s had a negative return on equity of 216.45% and a net margin of 24.19%. The company had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.75 billion. During the same quarter in the previous year, the firm posted $1.62 EPS. The firm’s quarterly revenue was down 10.4% on a year-over-year basis. equities analysts predict that McDonald’s Corporation will post 6.52 EPS for the current 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 given a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend is Thursday, November 30th. This is a positive change from McDonald’s’s previous quarterly dividend of $0.94. McDonald’s’s payout ratio is 58.30%.

In other McDonald’s news, insider Stephen Easterbrook sold 171,577 shares of the business’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $168.32, for a total transaction of $28,879,840.64. Following the completion of the transaction, the insider now owns 49,778 shares in the company, valued at approximately $8,378,632.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP James R. Sappington sold 8,046 shares of the business’s stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $165.00, for a total value of $1,327,590.00. Following the transaction, the vice president now owns 15,739 shares of the company’s stock, valued at approximately $2,596,935. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.

A number of equities research analysts have recently weighed in on the company. Bank of America reiterated a “buy” rating and issued a $175.00 price target on shares of McDonald’s in a report on Monday, August 14th. Jefferies Group upgraded McDonald’s from a “hold” rating to a “buy” rating and boosted their price target for the company from $150.00 to $200.00 in a report on Tuesday. Robert W. Baird reiterated an “outperform” rating and issued a $170.00 price target on shares of McDonald’s in a report on Tuesday, October 3rd. Royal Bank Of Canada reiterated a “buy” rating and issued a $175.00 price target on shares of McDonald’s in a report on Friday, September 8th. Finally, Zacks Investment Research downgraded McDonald’s from a “buy” rating to a “hold” rating in a report on Friday, October 27th. Ten 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 an average rating of “Buy” and an average price target of $173.95.

COPYRIGHT VIOLATION WARNING: “322 Shares in McDonald’s Corporation (MCD) Acquired by Vantage Financial Partners Ltd. Inc.” was reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this piece on another website, it was stolen and reposted in violation of U.S. and international copyright and trademark legislation. The original version of this piece can be viewed at https://www.chaffeybreeze.com/2017/12/06/322-shares-in-mcdonalds-corporation-mcd-acquired-by-vantage-financial-partners-ltd-inc.html.

About McDonald’s

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.

Want to see what other hedge funds are holding MCD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for McDonald’s Corporation (NYSE:MCD).

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

Receive News & Ratings for McDonald's Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDonald's Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply