AGF Investments Inc. grew its position in Mcdonald’s Corp (NYSE:MCD) by 33.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 218,493 shares of the fast-food giant’s stock after purchasing an additional 54,456 shares during the period. AGF Investments Inc.’s holdings in Mcdonald’s were worth $34,236,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Rainier Group Investment Advisory LLC acquired a new stake in shares of Mcdonald’s during the first quarter worth $102,000. Elmwood Wealth Management Inc. acquired a new stake in shares of Mcdonald’s during the first quarter worth $104,000. CX Institutional acquired a new stake in shares of Mcdonald’s during the second quarter worth $109,000. Quad Cities Investment Group LLC acquired a new stake in shares of Mcdonald’s during the second quarter worth $110,000. Finally, Certified Advisory Corp acquired a new stake in shares of Mcdonald’s during the fourth quarter worth $121,000. Institutional investors own 68.56% of the company’s stock.
A number of equities research analysts recently commented on the stock. Cleveland Research lowered shares of Mcdonald’s from a “buy” rating to a “hold” rating in a report on Wednesday, July 11th. Jefferies Financial Group reiterated a “buy” rating and issued a $200.00 price target on shares of Mcdonald’s in a research note on Wednesday, July 11th. Royal Bank of Canada set a $175.00 price target on shares of Mcdonald’s and gave the company a “buy” rating in a research note on Thursday, July 26th. Telsey Advisory Group lowered their price target on shares of Mcdonald’s from $190.00 to $175.00 and set an “outperform” rating on the stock in a research note on Friday, July 27th. Finally, Stifel Nicolaus reiterated a “neutral” rating and issued a $168.00 price target on shares of Mcdonald’s in a research note on Monday, August 20th. Nine research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. Mcdonald’s presently has a consensus rating of “Buy” and an average target price of $181.57.
Shares of MCD opened at $163.74 on Friday. Mcdonald’s Corp has a one year low of $146.84 and a one year high of $178.70. The stock has a market capitalization of $125.86 billion, a PE ratio of 24.59, a PEG ratio of 2.41 and a beta of 0.66. The company has a quick ratio of 1.45, a current ratio of 1.47 and a debt-to-equity ratio of -5.24.
Mcdonald’s (NYSE:MCD) last announced its quarterly earnings data on Thursday, July 26th. The fast-food giant reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.92 by $0.07. Mcdonald’s had a net margin of 25.26% and a negative return on equity of 133.89%. The company had revenue of $5.35 billion during the quarter, compared to the consensus estimate of $5.32 billion. During the same quarter last year, the firm posted $1.73 EPS. The company’s quarterly revenue was down 11.5% on a year-over-year basis. research analysts forecast that Mcdonald’s Corp will post 7.65 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 18th. Stockholders of record on Tuesday, September 4th will be given a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date of this dividend is Friday, August 31st. Mcdonald’s’s dividend payout ratio (DPR) is presently 60.66%.
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.
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