First Western Capital Management Co Has $5.44 Million Stake in McDonald’s Corporation (MCD)

First Western Capital Management Co reduced its stake in shares of McDonald’s Corporation (NYSE:MCD) by 8.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 35,530 shares of the fast-food giant’s stock after selling 3,183 shares during the quarter. McDonald’s Corporation makes up approximately 3.3% of First Western Capital Management Co’s portfolio, making the stock its 2nd largest position. First Western Capital Management Co’s holdings in McDonald’s Corporation were worth $5,442,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Legal & General Group Plc raised its position in McDonald’s Corporation by 4.6% during the first quarter. Legal & General Group Plc now owns 4,241,304 shares of the fast-food giant’s stock valued at $549,720,000 after acquiring an additional 187,324 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in McDonald’s Corporation by 4.7% during the first quarter. Schwab Charles Investment Management Inc. now owns 3,882,107 shares of the fast-food giant’s stock valued at $503,160,000 after acquiring an additional 174,209 shares in the last quarter. Swiss National Bank raised its position in McDonald’s Corporation by 18.0% during the first quarter. Swiss National Bank now owns 3,653,548 shares of the fast-food giant’s stock valued at $473,536,000 after acquiring an additional 558,300 shares in the last quarter. Bank of Montreal Can raised its position in McDonald’s Corporation by 26.3% during the second quarter. Bank of Montreal Can now owns 1,894,258 shares of the fast-food giant’s stock valued at $290,125,000 after acquiring an additional 393,881 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its position in McDonald’s Corporation by 0.4% during the first quarter. Great West Life Assurance Co. Can now owns 1,881,094 shares of the fast-food giant’s stock valued at $243,570,000 after acquiring an additional 7,974 shares in the last quarter. Institutional investors and hedge funds own 67.92% of the company’s stock.

McDonald’s Corporation (MCD) opened at 160.58 on Wednesday. The firm has a market cap of $130.07 billion, a P/E ratio of 26.29 and a beta of 0.69. McDonald’s Corporation has a 12 month low of $110.33 and a 12 month high of $161.72. The company’s 50-day moving average is $158.27 and its 200 day moving average is $150.26.

McDonald’s Corporation (NYSE:MCD) last released its quarterly earnings data on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.08. The business had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.96 billion. McDonald’s Corporation had a negative return on equity of 264.89% and a net margin of 21.00%. McDonald’s Corporation’s revenue was down 3.4% compared to the same quarter last year. During the same period last year, the firm posted $1.45 earnings per share. Equities research analysts expect that McDonald’s Corporation will post $6.56 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a $1.01 dividend. The ex-dividend date is Thursday, November 30th. This is a positive change from McDonald’s Corporation’s previous quarterly dividend of $0.94. This represents a $4.04 annualized dividend and a yield of 2.52%. McDonald’s Corporation’s dividend payout ratio (DPR) is 61.54%.

A number of equities analysts have recently commented on MCD shares. Mizuho reissued a “buy” rating and issued a $173.00 price target (up previously from $170.00) on shares of McDonald’s Corporation in a research report on Wednesday, September 13th. Royal Bank Of Canada set a $170.00 price target on shares of McDonald’s Corporation and gave the company a “buy” rating in a research report on Thursday, June 22nd. Deutsche Bank AG lifted their price target on shares of McDonald’s Corporation from $155.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, July 10th. Robert W. Baird reissued a “buy” rating and issued a $170.00 price target on shares of McDonald’s Corporation in a research report on Friday, September 1st. Finally, Barclays PLC set a $164.00 price target on shares of McDonald’s Corporation and gave the company a “buy” rating in a research report on Wednesday, July 19th. Ten investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. McDonald’s Corporation has a consensus rating of “Buy” and an average price target of $166.41.

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In other news, EVP Jerome N. Krulewitch sold 11,755 shares of McDonald’s Corporation stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $158.38, for a total transaction of $1,861,756.90. Following the sale, the executive vice president now directly owns 11,755 shares of the company’s stock, valued at $1,861,756.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kevin M. Ozan sold 25,322 shares of McDonald’s Corporation stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $158.50, for a total value of $4,013,537.00. Following the sale, the chief financial officer now directly owns 24,039 shares in the company, valued at $3,810,181.50. The disclosure for this sale can be found here. Insiders sold 69,938 shares of company stock worth $11,033,009 over the last ninety days. 0.24% of the stock is currently owned by 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 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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Institutional Ownership by Quarter for McDonald`s Corporation (NYSE:MCD)

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