Timber Hill LLC Takes $291,000 Position in Mcdonald’s Corp (NYSE:MCD)

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Timber Hill LLC bought a new stake in Mcdonald’s Corp (NYSE:MCD) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,400 shares of the fast-food giant’s stock, valued at approximately $291,000. Mcdonald’s comprises 0.2% of Timber Hill LLC’s investment portfolio, making the stock its 18th biggest position.

Several other institutional investors have also recently bought and sold shares of the company. Corient Capital Partners LLC boosted its stake in shares of Mcdonald’s by 2.2% in the second quarter. Corient Capital Partners LLC now owns 41,681 shares of the fast-food giant’s stock valued at $8,656,000 after buying an additional 913 shares during the period. Hallmark Capital Management Inc. boosted its stake in shares of Mcdonald’s by 539.1% in the second quarter. Hallmark Capital Management Inc. now owns 10,776 shares of the fast-food giant’s stock valued at $2,238,000 after buying an additional 9,090 shares during the period. Glassman Wealth Services boosted its stake in shares of Mcdonald’s by 45.7% in the second quarter. Glassman Wealth Services now owns 1,992 shares of the fast-food giant’s stock valued at $414,000 after buying an additional 625 shares during the period. Opus Capital Group LLC boosted its stake in shares of Mcdonald’s by 17.6% in the second quarter. Opus Capital Group LLC now owns 6,550 shares of the fast-food giant’s stock valued at $1,360,000 after buying an additional 978 shares during the period. Finally, Carillon Tower Advisers Inc. boosted its stake in shares of Mcdonald’s by 4.7% in the second quarter. Carillon Tower Advisers Inc. now owns 131,456 shares of the fast-food giant’s stock valued at $27,298,000 after buying an additional 5,895 shares during the period. 68.21% of the stock is currently owned by institutional investors.

Shares of NYSE:MCD traded up $2.53 during trading on Tuesday, hitting $219.69. 313,403 shares of the company were exchanged, compared to its average volume of 3,215,068. The stock has a 50 day simple moving average of $212.79. The firm has a market cap of $167.95 billion, a P/E ratio of 27.81, a P/E/G ratio of 3.17 and a beta of 0.49. Mcdonald’s Corp has a 1-year low of $156.56 and a 1-year high of $221.93.

Mcdonald’s (NYSE:MCD) last announced its quarterly earnings results on Friday, July 26th. The fast-food giant reported $2.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.06 by ($0.01). The company had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.34 billion. Mcdonald’s had a negative return on equity of 92.02% and a net margin of 28.32%. The firm’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter last year, the company posted $1.99 earnings per share. Equities analysts anticipate that Mcdonald’s Corp will post 8 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be issued a $1.16 dividend. The ex-dividend date is Friday, August 30th. This represents a $4.64 dividend on an annualized basis and a yield of 2.11%. Mcdonald’s’s payout ratio is 58.73%.

In related news, EVP Silvia Lagnado sold 26,649 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $212.58, for a total value of $5,665,044.42. Following the completion of the sale, the executive vice president now directly owns 40,129 shares in the company, valued at $8,530,622.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ian Frederick Borden sold 4,149 shares of the stock in a transaction on Monday, May 20th. The shares were sold at an average price of $199.22, for a total value of $826,563.78. The disclosure for this sale can be found here. Corporate insiders own 0.25% of the company’s stock.

Several brokerages recently issued reports on MCD. Jefferies Financial Group boosted their price target on Mcdonald’s from $225.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, June 28th. Mizuho boosted their price target on Mcdonald’s from $215.00 to $230.00 and gave the company a “buy” rating in a research note on Monday, July 29th. MKM Partners began coverage on Mcdonald’s in a research note on Tuesday. They issued a “buy” rating and a $250.00 price target for the company. Bank of America boosted their price target on Mcdonald’s from $215.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, June 7th. Finally, Credit Suisse Group upped their target price on Mcdonald’s from $230.00 to $236.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 30th. They noted that the move was a valuation call. Eight investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $220.23.

Mcdonald’s 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, 2018, the company operated 37,855 restaurants, including 35,085 franchised restaurants comprising 21,685 franchised to conventional franchisees, 7,225 licensed to developmental licensees, and 6,175 licensed to foreign affiliates; and 2,770 company-operated restaurants.

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

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