HBK Investments L P Increases Position in McDonald’s Corporation (MCD)

HBK Investments L P increased its position in shares of McDonald’s Corporation (NYSE:MCD) by 89.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 322,900 shares of the fast-food giant’s stock after buying an additional 152,275 shares during the period. HBK Investments L P’s holdings in McDonald’s Corporation were worth $37,250,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of MCD. Timber Creek Capital Management LLC raised its stake in shares of McDonald’s Corporation by 150.7% in the third quarter. Timber Creek Capital Management LLC now owns 1,281 shares of the fast-food giant’s stock worth $147,000 after buying an additional 770 shares during the period. MU Investments Co. Ltd. bought a new stake in shares of McDonald’s Corporation during the second quarter worth about $163,000. Van Hulzen Asset Management LLC raised its stake in shares of McDonald’s Corporation by 57.1% in the third quarter. Van Hulzen Asset Management LLC now owns 1,376 shares of the fast-food giant’s stock worth $159,000 after buying an additional 500 shares during the period. Kernodle & Katon Asset Management Group LLC raised its stake in shares of McDonald’s Corporation by 10.2% in the second quarter. Kernodle & Katon Asset Management Group LLC now owns 1,517 shares of the fast-food giant’s stock worth $183,000 after buying an additional 141 shares during the period. Finally, Tradewinds Capital Management LLC raised its stake in shares of McDonald’s Corporation by 11.6% in the third quarter. Tradewinds Capital Management LLC now owns 1,738 shares of the fast-food giant’s stock worth $200,000 after buying an additional 181 shares during the period. 67.99% of the stock is owned by institutional investors.

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

McDonald’s Corporation (NYSE:MCD) traded up 1.08% on Friday, hitting $125.82. 3,681,436 shares of the stock traded hands. The company has a market cap of $104.49 billion, a price-to-earnings ratio of 23.13 and a beta of 0.69. The stock has a 50-day moving average price of $122.32 and a 200 day moving average price of $118.10. McDonald’s Corporation has a 1-year low of $110.33 and a 1-year high of $131.96.

McDonald’s Corporation (NYSE:MCD) last posted its earnings results on Monday, January 23rd. The fast-food giant reported $1.44 EPS for the quarter, topping the consensus estimate of $1.41 by $0.03. McDonald’s Corporation had a net margin of 18.93% and a return on equity of 514.39%. The business had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $5.99 billion. During the same period last year, the company earned $1.31 EPS. The firm’s revenue was down 4.9% compared to the same quarter last year. On average, analysts anticipate that McDonald’s Corporation will post $6.17 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 15th. Investors of record on Wednesday, March 1st will be given a dividend of $0.94 per share. The ex-dividend date of this dividend is Monday, February 27th. This represents a $3.76 annualized dividend and a yield of 2.99%. McDonald’s Corporation’s dividend payout ratio is presently 69.37%.

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A number of research firms have recently weighed in on MCD. Stifel Nicolaus set a $120.00 price target on shares of McDonald’s Corporation and gave the company a “neutral” rating in a report on Thursday, February 2nd. Sanford C. Bernstein restated a “market perform” rating and set a $129.00 price target on shares of McDonald’s Corporation in a report on Wednesday, December 7th. Vetr downgraded shares of McDonald’s Corporation from a “hold” rating to a “sell” rating and set a $116.22 price target on the stock. in a report on Monday, January 9th. Morgan Stanley restated an “equal weight” rating and set a $127.00 price target on shares of McDonald’s Corporation in a report on Tuesday, January 24th. Finally, BTIG Research set a $137.00 price target on shares of McDonald’s Corporation and gave the company a “buy” rating in a report on Monday, October 24th. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and fifteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $127.75.

In other McDonald’s Corporation news, VP James R. Sappington sold 8,298 shares of the firm’s stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $118.08, for a total transaction of $979,827.84. Following the completion of the transaction, the vice president now owns 14,750 shares in the company, valued at approximately $1,741,680. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.28% of the stock is owned by company insiders.

McDonald’s Corporation Company Profile

McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally-relevant menu of quality 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.

5 Day Chart for NYSE:MCD

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