McDonald’s Corporation (MCD) Shares Bought by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. boosted its stake in shares of McDonald’s Corporation (NYSE:MCD) by 0.7% during the third quarter, Holdings Channel reports. The institutional investor owned 40,590 shares of the fast-food giant’s stock after buying an additional 266 shares during the period. Johnson Investment Counsel Inc.’s holdings in McDonald’s Corporation were worth $4,682,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Smith Asset Management Group LP boosted its position in shares of McDonald’s Corporation by 7.3% in the second quarter. Smith Asset Management Group LP now owns 417,720 shares of the fast-food giant’s stock worth $50,268,000 after buying an additional 28,577 shares during the period. Prospera Financial Services Inc boosted its position in shares of McDonald’s Corporation by 28.4% in the second quarter. Prospera Financial Services Inc now owns 4,386 shares of the fast-food giant’s stock worth $528,000 after buying an additional 970 shares during the period. Boston Advisors LLC boosted its position in shares of McDonald’s Corporation by 3.7% in the second quarter. Boston Advisors LLC now owns 8,510 shares of the fast-food giant’s stock worth $1,024,000 after buying an additional 300 shares during the period. UMB Bank N A MO boosted its position in shares of McDonald’s Corporation by 33.0% in the second quarter. UMB Bank N A MO now owns 146,652 shares of the fast-food giant’s stock worth $17,648,000 after buying an additional 36,421 shares during the period. Finally, Portland Global Advisors LLC boosted its position in shares of McDonald’s Corporation by 4.6% in the second quarter. Portland Global Advisors LLC now owns 12,971 shares of the fast-food giant’s stock worth $1,561,000 after buying an additional 575 shares during the period. Institutional investors and hedge funds own 67.99% of the company’s stock.

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. The company had a trading volume of 3,681,436 shares. McDonald’s Corporation has a 52-week low of $110.33 and a 52-week high of $131.96. The stock’s 50-day moving average price is $122.32 and its 200-day moving average price is $118.10. The stock has a market cap of $104.49 billion, a PE ratio of 23.13 and a beta of 0.69.

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

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

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A number of brokerages have recently commented on MCD. Canaccord Genuity reiterated a “hold” rating and issued a $122.00 target price on shares of McDonald’s Corporation in a report on Sunday, October 23rd. BTIG Research restated a “buy” rating and set a $137.00 price objective on shares of McDonald’s Corporation in a report on Tuesday, January 24th. Stifel Nicolaus set a $120.00 price objective on McDonald’s Corporation and gave the company a “neutral” rating in a report on Thursday, February 2nd. Guggenheim cut McDonald’s Corporation from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $131.96 to $110.33 in a report on Thursday, December 1st. They noted that the move was a valuation call. Finally, Vetr cut McDonald’s Corporation from a “buy” rating to a “hold” rating and set a $126.64 price objective for the company. in a report on Monday, November 28th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have given a buy rating to the company. McDonald’s Corporation presently has an average rating of “Hold” and an average price target of $127.75.

In other McDonald’s Corporation news, VP James R. Sappington sold 8,298 shares of McDonald’s Corporation stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $118.08, for a total value of $979,827.84. Following the sale, the vice president now owns 14,750 shares of the company’s stock, valued at approximately $1,741,680. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through 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

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