Mcdonald’s Corp (NYSE:MCD) Shares Sold by Zevin Asset Management LLC

Zevin Asset Management LLC lessened its holdings in shares of Mcdonald’s Corp (NYSE:MCD) by 15.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 3,048 shares of the fast-food giant’s stock after selling 545 shares during the quarter. Zevin Asset Management LLC’s holdings in Mcdonald’s were worth $654,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Mcdonald’s by 1.3% during the second quarter. Vanguard Group Inc. now owns 66,926,245 shares of the fast-food giant’s stock worth $13,897,903,000 after purchasing an additional 857,084 shares during the period. BlackRock Inc. raised its position in shares of Mcdonald’s by 1.1% during the second quarter. BlackRock Inc. now owns 50,805,829 shares of the fast-food giant’s stock worth $10,550,339,000 after purchasing an additional 545,903 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Mcdonald’s by 11.0% during the second quarter. Price T Rowe Associates Inc. MD now owns 16,562,216 shares of the fast-food giant’s stock worth $3,439,309,000 after purchasing an additional 1,640,747 shares during the period. Morgan Stanley raised its position in shares of Mcdonald’s by 7.0% during the second quarter. Morgan Stanley now owns 6,127,745 shares of the fast-food giant’s stock worth $1,272,485,000 after purchasing an additional 402,857 shares during the period. Finally, Nuveen Asset Management LLC raised its position in shares of Mcdonald’s by 2,674.7% during the second quarter. Nuveen Asset Management LLC now owns 5,707,504 shares of the fast-food giant’s stock worth $1,185,221,000 after purchasing an additional 5,501,809 shares during the period. Institutional investors own 67.91% of the company’s stock.

Shares of NYSE MCD traded up $0.53 during trading hours on Friday, hitting $193.61. 3,457,071 shares of the company’s stock were exchanged, compared to its average volume of 3,371,192. Mcdonald’s Corp has a 1-year low of $169.04 and a 1-year high of $221.93. The stock has a market capitalization of $144.73 billion, a price-to-earnings ratio of 24.51, a PEG ratio of 3.04 and a beta of 0.48. The company’s 50-day moving average price is $204.71 and its 200-day moving average price is $207.29.

Mcdonald’s (NYSE:MCD) last posted its quarterly earnings data on Tuesday, October 22nd. The fast-food giant reported $2.11 earnings per share for the quarter, missing the consensus estimate of $2.21 by ($0.10). Mcdonald’s had a negative return on equity of 85.71% and a net margin of 28.09%. The business had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.47 billion. During the same period in the prior year, the firm posted $2.10 EPS. Mcdonald’s’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, research analysts predict that Mcdonald’s Corp will post 7.87 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.58%. The ex-dividend date is Friday, November 29th. This is a boost from Mcdonald’s’s previous quarterly dividend of $1.16. Mcdonald’s’s payout ratio is currently 58.73%.

MCD has been the topic of a number of recent analyst reports. Cowen boosted their target price on Mcdonald’s from $225.00 to $235.00 and gave the stock an “outperform” rating in a research report on Thursday, July 18th. Stifel Nicolaus boosted their target price on Mcdonald’s from $200.00 to $210.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. UBS Group cut their target price on Mcdonald’s from $218.00 to $212.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Barclays set a $230.00 target price on Mcdonald’s and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, Wells Fargo & Co cut their target price on Mcdonald’s from $235.00 to $222.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Eight investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $222.96.

In other news, Director John J. Mulligan purchased 1,300 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was purchased at an average price of $193.46 per share, with a total value of $251,498.00. Following the acquisition, the director now directly owns 2,900 shares in the company, valued at approximately $561,034. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Catherine A. Hoovel sold 457 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $218.15, for a total value of $99,694.55. Following the completion of the transaction, the vice president now directly owns 1,348 shares of the company’s stock, valued at approximately $294,066.20. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by insiders.

About Mcdonald’s

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products, soft drinks, coffee, and other beverages, as well as breakfast menu. As of December 31, 2018, the company operated 37,855 restaurants, including 35,085 franchised restaurants comprising 21,685 franchised to conventional franchisees, 7,225 licensed to developmental licensees, and 6,175 licensed to foreign affiliates; and 2,770 company-operated restaurants.

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

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