Atlantic Trust Group LLC raised its stake in McDonald's Co. (NYSE:MCD) by 38.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 131,874 shares of the fast-food giant’s stock after purchasing an additional 36,594 shares during the period. Atlantic Trust Group LLC’s holdings in McDonald's were worth $20,661,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the business. Acrospire Investment Management LLC acquired a new position in shares of McDonald's in the 2nd quarter valued at $153,000. Beach Investment Management LLC. acquired a new position in shares of McDonald's in the 2nd quarter valued at $296,000. Summit Financial Group Inc. acquired a new position in shares of McDonald's in the 2nd quarter valued at $268,000. Aveo Capital Partners LLC acquired a new position in shares of McDonald's in the 2nd quarter valued at $202,000. Finally, Morgan Dempsey Capital Management LLC increased its position in shares of McDonald's by 5.2% during the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 45,016 shares of the fast-food giant’s stock worth $6,891,000 after purchasing an additional 2,236 shares in the last quarter. 67.43% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Stephen Easterbrook sold 171,577 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $168.32, for a total value of $28,879,840.64. Following the transaction, the insider now owns 49,778 shares of the company’s stock, valued at approximately $8,378,632.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Catherine A. Hoovel sold 1,398 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $170.54, for a total transaction of $238,414.92. Following the completion of the transaction, the vice president now directly owns 1,398 shares in the company, valued at approximately $238,414.92. The disclosure for this sale can be found here. Insiders sold a total of 207,550 shares of company stock worth $35,118,055 in the last ninety days. Insiders own 0.24% of the company’s stock.
McDonald's Co. (NYSE:MCD) opened at $157.79 on Monday. The stock has a market cap of $125,790.00, a PE ratio of 24.81, a PEG ratio of 2.29 and a beta of 0.59. The company has a debt-to-equity ratio of -8.17, a current ratio of 1.28 and a quick ratio of 1.27. McDonald's Co. has a one year low of $126.40 and a one year high of $178.70.
McDonald's (NYSE:MCD) last issued its earnings results on Tuesday, January 30th. The fast-food giant reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.12. The company had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.22 billion. McDonald's had a net margin of 22.75% and a negative return on equity of 217.17%. The company’s revenue for the quarter was down 11.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.44 EPS. sell-side analysts expect that McDonald's Co. will post 7.65 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be paid a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 2.56%. The ex-dividend date of this dividend is Wednesday, February 28th. McDonald's’s dividend payout ratio (DPR) is presently 63.52%.
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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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