Minot Wealth Management LLC boosted its holdings in shares of Mcdonald’s Corp (NYSE:MCD) by 21.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,689 shares of the fast-food giant’s stock after acquiring an additional 1,742 shares during the quarter. Minot Wealth Management LLC’s holdings in Mcdonald’s were worth $1,787,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in MCD. PrairieView Partners LLC acquired a new stake in Mcdonald’s during the 1st quarter worth about $33,000. CVA Family Office LLC acquired a new stake in shares of Mcdonald’s during the 1st quarter valued at about $33,000. Lake Point Wealth Management lifted its holdings in shares of Mcdonald’s by 2,462.5% during the 1st quarter. Lake Point Wealth Management now owns 205 shares of the fast-food giant’s stock valued at $34,000 after buying an additional 197 shares during the last quarter. Stephenson National Bank & Trust acquired a new stake in shares of Mcdonald’s during the 4th quarter valued at about $40,000. Finally, Reitz Capital Advisors LLC acquired a new stake in shares of Mcdonald’s during the 2nd quarter valued at about $42,000. Hedge funds and other institutional investors own 67.04% of the company’s stock.
Several equities research analysts have recently issued reports on MCD shares. Goldman Sachs Group reiterated a “buy” rating and set a $195.00 price target on shares of Mcdonald’s in a report on Friday, May 1st. Royal Bank of Canada lifted their price target on Mcdonald’s from $201.00 to $211.00 and gave the company an “outperform” rating in a report on Friday, May 1st. Credit Suisse Group lifted their price target on Mcdonald’s from $200.00 to $210.00 and gave the company an “outperform” rating in a report on Wednesday, June 17th. Telsey Advisory Group reiterated an “outperform” rating on shares of Mcdonald’s in a report on Wednesday, April 22nd. Finally, Sanford C. Bernstein reissued a “buy” rating and issued a $230.00 price objective on shares of Mcdonald’s in a research note on Friday, May 1st. Seven equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $209.82.
Mcdonald’s (NYSE:MCD) last announced its quarterly earnings data on Thursday, April 30th. The fast-food giant reported $1.47 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.59 by ($0.12). Mcdonald’s had a negative return on equity of 70.25% and a net margin of 27.86%. The firm had revenue of $4.71 billion for the quarter, compared to analyst estimates of $4.66 billion. During the same period in the previous year, the business posted $1.78 EPS. Mcdonald’s’s revenue for the quarter was down 6.2% compared to the same quarter last year. As a group, analysts predict that Mcdonald’s Corp will post 5.81 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.62%. The ex-dividend date was Friday, May 29th. Mcdonald’s’s payout ratio is presently 63.78%.
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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