HM Payson & Co. Has $40,290,000 Position in McDonald’s Corporation (MCD)

HM Payson & Co. reduced its stake in shares of McDonald’s Corporation (NYSE:MCD) by 3.8% during the third quarter, Holdings Channel reports. The firm owned 349,253 shares of the fast-food giant’s stock after selling 13,689 shares during the period. McDonald’s Corporation makes up 2.0% of HM Payson & Co.’s investment portfolio, making the stock its 10th largest position. HM Payson & Co.’s holdings in McDonald’s Corporation were worth $40,290,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MCD. Timber Creek Capital Management LLC raised its position in 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 valued at $147,000 after buying an additional 770 shares during the period. MU Investments Co. Ltd. bought a new position in McDonald’s Corporation during the second quarter valued at approximately $163,000. Van Hulzen Asset Management LLC raised its position in 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 valued at $159,000 after buying an additional 500 shares during the period. Kernodle & Katon Asset Management Group LLC raised its position in 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 valued at $183,000 after buying an additional 141 shares during the period. Finally, Tradewinds Capital Management LLC raised its position in 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 valued at $200,000 after buying an additional 181 shares during the period. 67.99% of the stock is currently owned by institutional investors.

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

McDonald’s Corporation (NYSE:MCD) traded up 1.08% during midday trading on Friday, hitting $125.82. 3,681,436 shares of the company traded hands. McDonald’s Corporation has a 12-month low of $110.33 and a 12-month high of $131.96. The firm has a market capitalization of $104.49 billion, a PE ratio of 23.13 and a beta of 0.69. The stock’s 50-day moving average is $122.32 and its 200-day moving average is $118.10.

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

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Wednesday, March 1st will be issued a $0.94 dividend. 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 (DPR) is presently 69.37%.

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MCD has been the subject of several recent analyst reports. RBC Capital Markets set a $140.00 target price on McDonald’s Corporation and gave the company a “buy” rating in a research note on Thursday, November 17th. Zacks Investment Research upgraded McDonald’s Corporation from a “hold” rating to a “buy” rating and set a $132.00 target price for the company in a research note on Tuesday, November 15th. Credit Suisse Group AG restated an “outperform” rating and set a $128.00 target price on shares of McDonald’s Corporation in a research note on Tuesday, November 29th. Barclays PLC set a $139.00 target price on McDonald’s Corporation and gave the company a “buy” rating in a research note on Friday, January 6th. Finally, Vetr downgraded McDonald’s Corporation from a “hold” rating to a “sell” rating and set a $116.22 target price for the company. in a research note on Monday, January 9th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and fifteen have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $127.75.

In other McDonald’s Corporation news, VP James R. Sappington sold 8,298 shares of the stock in a transaction on Monday, November 14th. The shares were sold at an average price of $118.08, for a total value of $979,827.84. Following the sale, the vice president now directly owns 14,750 shares in the company, valued at $1,741,680. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.28% of the company’s stock.

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

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).

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