Stockman Wealth Management Inc. Sells 98 Shares of Mcdonald’s Corp (NYSE:MCD)

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Stockman Wealth Management Inc. lessened its position in Mcdonald’s Corp (NYSE:MCD) by 3.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,101 shares of the fast-food giant’s stock after selling 98 shares during the period. Stockman Wealth Management Inc.’s holdings in Mcdonald’s were worth $644,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of MCD. FMR LLC increased its holdings in Mcdonald’s by 0.3% during the first quarter. FMR LLC now owns 21,416,684 shares of the fast-food giant’s stock valued at $4,067,029,000 after buying an additional 59,931 shares during the last quarter. Geode Capital Management LLC increased its holdings in Mcdonald’s by 7.8% during the fourth quarter. Geode Capital Management LLC now owns 9,441,973 shares of the fast-food giant’s stock valued at $1,673,764,000 after buying an additional 683,872 shares during the last quarter. Norges Bank purchased a new stake in Mcdonald’s during the fourth quarter valued at approximately $1,326,793,000. Janus Henderson Group PLC increased its holdings in Mcdonald’s by 1.9% during the second quarter. Janus Henderson Group PLC now owns 5,549,855 shares of the fast-food giant’s stock valued at $1,152,473,000 after buying an additional 104,026 shares during the last quarter. Finally, Thoroughbred Financial Services LLC increased its holdings in Mcdonald’s by 21,724.4% during the second quarter. Thoroughbred Financial Services LLC now owns 3,151,660 shares of the fast-food giant’s stock valued at $315,166,000 after buying an additional 3,137,219 shares during the last quarter. Hedge funds and other institutional investors own 68.25% of the company’s stock.

NYSE MCD traded down $0.12 during trading on Tuesday, reaching $216.79. 137,386 shares of the company’s stock traded hands, compared to its average volume of 3,141,865. The firm has a market cap of $163.02 billion, a price-to-earnings ratio of 27.48, a price-to-earnings-growth ratio of 3.19 and a beta of 0.49. The company’s 50 day simple moving average is $215.41 and its two-hundred day simple moving average is $198.79. Mcdonald’s Corp has a 12-month low of $156.56 and a 12-month high of $221.93.

Mcdonald’s (NYSE:MCD) last posted its earnings results on Friday, July 26th. The fast-food giant reported $2.05 EPS for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.01). The business had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.34 billion. Mcdonald’s had a net margin of 28.32% and a negative return on equity of 92.02%. The company’s revenue for the quarter was down .2% on a year-over-year basis. During the same period last year, the business posted $1.99 EPS. As a group, analysts predict that Mcdonald’s Corp will post 8.01 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date is Friday, August 30th. Mcdonald’s’s dividend payout ratio (DPR) is presently 58.73%.

In related news, VP Catherine A. Hoovel sold 457 shares of Mcdonald’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $218.15, for a total value of $99,694.55. Following the completion of the sale, the vice president now directly owns 1,348 shares in the company, valued at approximately $294,066.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Silvia Lagnado sold 26,649 shares of Mcdonald’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $212.58, for a total transaction of $5,665,044.42. Following the completion of the sale, the executive vice president now owns 40,129 shares of the company’s stock, valued at $8,530,622.82. The disclosure for this sale can be found here. 0.25% of the stock is owned by company insiders.

A number of brokerages have recently issued reports on MCD. DZ Bank reissued a “hold” rating and issued a $220.00 price objective (down from $222.00) on shares of Mcdonald’s in a research note on Tuesday, July 30th. Credit Suisse Group increased their price objective on shares of 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. Barclays set a $230.00 price objective on shares of Mcdonald’s and gave the stock a “buy” rating in a research note on Friday, July 26th. Wells Fargo & Co increased their price objective on shares of Mcdonald’s from $235.00 to $237.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Mcdonald’s from $195.00 to $215.00 and gave the stock an “overweight” rating in a research note on Friday, June 28th. Eight equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $220.55.

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, 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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