Advisors Capital Management LLC increased its holdings in shares of Mcdonald’s Corp (NYSE:MCD) by 11.3% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 60,907 shares of the fast-food giant’s stock after buying an additional 6,172 shares during the period. Advisors Capital Management LLC’s holdings in Mcdonald’s were worth $9,543,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. FMR LLC boosted its holdings in shares of Mcdonald’s by 5.5% in the second quarter. FMR LLC now owns 19,483,955 shares of the fast-food giant’s stock valued at $3,052,941,000 after acquiring an additional 1,014,792 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Mcdonald’s by 5.4% in the second quarter. Janus Henderson Group PLC now owns 8,107,972 shares of the fast-food giant’s stock valued at $1,270,446,000 after acquiring an additional 412,750 shares in the last quarter. Swiss National Bank boosted its holdings in shares of Mcdonald’s by 2.2% in the second quarter. Swiss National Bank now owns 3,387,448 shares of the fast-food giant’s stock valued at $530,779,000 after acquiring an additional 74,100 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of Mcdonald’s by 1.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 2,987,554 shares of the fast-food giant’s stock valued at $468,120,000 after acquiring an additional 33,887 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of Mcdonald’s by 3.6% in the first quarter. Franklin Resources Inc. now owns 2,907,111 shares of the fast-food giant’s stock valued at $454,594,000 after acquiring an additional 100,467 shares in the last quarter. Hedge funds and other institutional investors own 68.56% of the company’s stock.
Mcdonald’s stock opened at $163.90 on Friday. Mcdonald’s Corp has a 52 week low of $146.84 and a 52 week high of $178.70. The company has a debt-to-equity ratio of -5.24, a current ratio of 1.47 and a quick ratio of 1.45. The company has a market capitalization of $126.64 billion, a P/E ratio of 24.61, a PEG ratio of 2.43 and a beta of 0.66.
Mcdonald’s (NYSE:MCD) last posted its quarterly earnings data on Thursday, July 26th. The fast-food giant reported $1.99 EPS for the quarter, topping 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 firm had revenue of $5.35 billion during the quarter, compared to analyst estimates of $5.32 billion. During the same quarter last year, the business posted $1.73 EPS. The company’s revenue was down 11.5% on a year-over-year basis. equities analysts forecast that Mcdonald’s Corp will post 7.65 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 18th. Investors of record on Tuesday, September 4th will be paid a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date is Friday, August 31st. Mcdonald’s’s dividend payout ratio is 60.66%.
Several research analysts have recently issued reports on the stock. Imperial Capital decreased their price objective on shares of Mcdonald’s from $190.00 to $175.00 and set an “outperform” rating for the company in a report on Friday, July 27th. Royal Bank of Canada restated a “buy” rating and set a $175.00 target price on shares of Mcdonald’s in a report on Thursday, August 16th. Wells Fargo & Co raised their target price on shares of Mcdonald’s from $180.00 to $185.00 and gave the stock an “outperform” rating in a report on Wednesday, August 8th. Nomura upgraded shares of Mcdonald’s from a “neutral” rating to a “buy” rating and set a $191.00 target price for the company in a report on Thursday, June 7th. Finally, Citigroup raised their target price on shares of Mcdonald’s from $176.00 to $178.00 and gave the stock a “neutral” rating in a report on Thursday, June 14th. Nine investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $181.57.
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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