Barings LLC Trims Holdings in Mcdonald’s Corp (MCD)

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Barings LLC reduced its position in shares of Mcdonald’s Corp (NYSE:MCD) by 8.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,918 shares of the fast-food giant’s stock after selling 1,293 shares during the quarter. Barings LLC’s holdings in Mcdonald’s were worth $2,495,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fundsmith Equity Fund L.P. purchased a new position in Mcdonald’s during the 2nd quarter worth $1,191,239,000. AustralianSuper Pty Ltd purchased a new position in shares of Mcdonald’s in the 2nd quarter valued at $179,723,000. Scopus Asset Management L.P. increased its holdings in shares of Mcdonald’s by 20.0% in the 2nd quarter. Scopus Asset Management L.P. now owns 300,000 shares of the fast-food giant’s stock valued at $47,007,000 after acquiring an additional 50,000 shares during the period. Quad Cities Investment Group LLC purchased a new position in shares of Mcdonald’s in the 2nd quarter valued at $110,000. Finally, First Western Capital Management Co increased its holdings in shares of Mcdonald’s by 24.9% in the 2nd quarter. First Western Capital Management Co now owns 4,159 shares of the fast-food giant’s stock valued at $652,000 after acquiring an additional 830 shares during the period. Institutional investors own 66.92% of the company’s stock.

In other Mcdonald’s news, EVP Francesca A. Debiase sold 15,136 shares of Mcdonald’s stock in a transaction dated Wednesday, October 24th. The stock was sold at an average price of $176.17, for a total transaction of $2,666,509.12. Following the completion of the sale, the executive vice president now owns 17,306 shares of the company’s stock, valued at approximately $3,048,798.02. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Stephen Easterbrook sold 201,123 shares of Mcdonald’s stock in a transaction dated Wednesday, October 24th. The stock was sold at an average price of $175.63, for a total value of $35,323,232.49. Following the sale, the chief executive officer now directly owns 48,925 shares of the company’s stock, valued at approximately $8,592,697.75. The disclosure for this sale can be found here. Insiders sold a total of 221,041 shares of company stock valued at $38,839,407 in the last three months. Insiders own 0.22% of the company’s stock.

Mcdonald’s stock opened at $178.49 on Wednesday. The firm has a market capitalization of $134.48 billion, a PE ratio of 26.80, a price-to-earnings-growth ratio of 2.55 and a beta of 0.66. Mcdonald’s Corp has a 1-year low of $146.84 and a 1-year high of $178.70.

Mcdonald’s (NYSE:MCD) last posted its quarterly earnings data on Tuesday, October 23rd. The fast-food giant reported $2.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.99 by $0.11. The firm had revenue of $5.37 billion during the quarter, compared to analysts’ expectations of $5.28 billion. Mcdonald’s had a negative return on equity of 130.19% and a net margin of 24.56%. The business’s quarterly revenue was down 6.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.76 EPS. Research analysts expect that Mcdonald’s Corp will post 7.75 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Monday, December 3rd will be given a $1.16 dividend. This is a boost from Mcdonald’s’s previous quarterly dividend of $1.01. The ex-dividend date is Friday, November 30th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.60%. Mcdonald’s’s dividend payout ratio (DPR) is presently 60.66%.

A number of research analysts have recently issued reports on MCD shares. Gordon Haskett started coverage on Mcdonald’s in a report on Thursday, October 18th. They issued a “buy” rating and a $185.00 price target on the stock. Royal Bank of Canada set a $175.00 price target on Mcdonald’s and gave the company a “buy” rating in a report on Friday, September 14th. ValuEngine upgraded Mcdonald’s from a “hold” rating to a “buy” rating in a report on Thursday, October 11th. Goldman Sachs Group reiterated a “buy” rating and issued a $192.00 price target on shares of Mcdonald’s in a report on Friday, October 5th. Finally, Wells Fargo & Co lifted their price target on Mcdonald’s from $180.00 to $185.00 and gave the company an “outperform” rating in a report on Wednesday, August 8th. Seven equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $188.93.

Mcdonald’s Company Profile

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, 2017, the company operated 37,241 restaurants, including 34,108 franchised restaurants comprising 21,366 franchised to conventional franchisees, 6,945 licensed to developmental licensees, and 5,797 licensed to foreign affiliates; and 3,133 company-operated restaurants.

See Also: Preferred Stock

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

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