Beck Mack & Oliver LLC Has $874,000 Position in Mcdonald’s Corp (NYSE:MCD)

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Beck Mack & Oliver LLC raised its stake in shares of Mcdonald’s Corp (NYSE:MCD) by 2.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,071 shares of the fast-food giant’s stock after buying an additional 80 shares during the period. Beck Mack & Oliver LLC’s holdings in Mcdonald’s were worth $874,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Mcdonald’s by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 66,926,245 shares of the fast-food giant’s stock valued at $13,897,903,000 after purchasing an additional 857,084 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Mcdonald’s by 1.1% in the 2nd quarter. BlackRock Inc. now owns 50,805,829 shares of the fast-food giant’s stock valued at $10,550,339,000 after purchasing an additional 545,903 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Mcdonald’s by 11.0% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 16,562,216 shares of the fast-food giant’s stock valued at $3,439,309,000 after purchasing an additional 1,640,747 shares during the last quarter. Morgan Stanley lifted its stake in shares of Mcdonald’s by 7.0% in the 2nd quarter. Morgan Stanley now owns 6,127,745 shares of the fast-food giant’s stock valued at $1,272,485,000 after purchasing an additional 402,857 shares during the last quarter. Finally, Nuveen Asset Management LLC lifted its stake in shares of Mcdonald’s by 2,674.7% in the 2nd quarter. Nuveen Asset Management LLC now owns 5,707,504 shares of the fast-food giant’s stock valued at $1,185,221,000 after purchasing an additional 5,501,809 shares during the last quarter. 67.91% of the stock is owned by institutional investors.

In other news, VP Catherine A. Hoovel sold 457 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $218.15, for a total transaction of $99,694.55. Following the transaction, the vice president now owns 1,348 shares in the company, valued at approximately $294,066.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Christopher J. Kempczinski acquired 2,580 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were bought at an average price of $193.81 per share, for a total transaction of $500,029.80. Following the acquisition, the chief executive officer now owns 2,580 shares in the company, valued at approximately $500,029.80. The disclosure for this purchase can be found here. Insiders own 0.25% of the company’s stock.

Shares of MCD opened at $192.64 on Tuesday. The company has a market capitalization of $144.73 billion, a PE ratio of 24.38, a price-to-earnings-growth ratio of 3.04 and a beta of 0.48. Mcdonald’s Corp has a one year low of $169.04 and a one year high of $221.93. The company’s fifty day moving average price is $204.06 and its 200 day moving average price is $207.28.

Mcdonald’s (NYSE:MCD) last announced its earnings results on Tuesday, October 22nd. The fast-food giant reported $2.11 EPS for the quarter, missing the consensus estimate of $2.21 by ($0.10). The firm had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.47 billion. Mcdonald’s had a negative return on equity of 85.71% and a net margin of 28.09%. The business’s revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the business earned $2.10 EPS. As a group, equities research analysts forecast that Mcdonald’s Corp will post 7.87 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a dividend of $1.25 per share. This is an increase from Mcdonald’s’s previous quarterly dividend of $1.16. The ex-dividend date is Friday, November 29th. This represents a $5.00 annualized dividend and a dividend yield of 2.60%. Mcdonald’s’s payout ratio is presently 58.73%.

MCD has been the subject of several analyst reports. TheStreet raised shares of Mcdonald’s from a “c+” rating to a “b-” rating in a research note on Monday, August 26th. ValuEngine lowered shares of Mcdonald’s from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Stephens set a $230.00 price objective on shares of Mcdonald’s and gave the company a “buy” rating in a research note on Thursday, September 26th. Stifel Nicolaus lifted their price objective on shares of Mcdonald’s from $200.00 to $210.00 and gave the company a “hold” rating in a research note on Monday, July 29th. Finally, Credit Suisse Group reduced their price objective on shares of Mcdonald’s from $236.00 to $230.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Eight analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $222.96.

About Mcdonald’s

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.

Further Reading: Dividend Yield

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

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