Northwestern Mutual Wealth Management Co. Acquires 3,160 Shares of Mcdonald’s Corp (MCD)

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Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Mcdonald’s Corp (NYSE:MCD) by 2.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 124,458 shares of the fast-food giant’s stock after purchasing an additional 3,160 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Mcdonald’s were worth $19,500,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. AustralianSuper Pty Ltd bought a new position in shares of Mcdonald’s during the 2nd quarter valued at $179,723,000. Private Vista LLC boosted its position in Mcdonald’s by 101.6% during the 1st quarter. Private Vista LLC now owns 11,948 shares of the fast-food giant’s stock valued at $1,869,000 after buying an additional 6,020 shares during the period. Perigon Wealth Management LLC boosted its position in Mcdonald’s by 5.8% during the 2nd quarter. Perigon Wealth Management LLC now owns 29,300 shares of the fast-food giant’s stock valued at $4,591,000 after buying an additional 1,618 shares during the period. Natixis boosted its position in Mcdonald’s by 89.6% during the 1st quarter. Natixis now owns 569,673 shares of the fast-food giant’s stock valued at $89,085,000 after buying an additional 269,158 shares during the period. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its position in Mcdonald’s by 15.3% during the 1st quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 45,100 shares of the fast-food giant’s stock valued at $7,053,000 after buying an additional 6,000 shares during the period. 68.56% of the stock is currently owned by institutional investors.

NYSE:MCD opened at $163.74 on Friday. Mcdonald’s Corp has a 12 month low of $146.84 and a 12 month 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 stock has a market capitalization of $126.64 billion, a PE ratio of 22.52, a P/E/G ratio of 2.43 and a beta of 0.66.

Mcdonald’s (NYSE:MCD) last posted its earnings results on Thursday, July 26th. The fast-food giant reported $1.99 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 analysts’ expectations of $5.32 billion. During the same period last year, the company posted $1.73 EPS. The company’s quarterly revenue was down 11.5% compared to the same quarter last year. research analysts forecast that Mcdonald’s Corp will post 7.65 earnings per share for the current year.

The business also recently announced 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. The ex-dividend date is Friday, August 31st. This represents a $4.04 annualized dividend and a dividend yield of 2.47%. Mcdonald’s’s dividend payout ratio is 60.66%.

Several equities research analysts have weighed in on MCD shares. 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 report on Thursday, July 26th. Morgan Stanley dropped their price target on shares of Mcdonald’s from $169.00 to $167.00 and set an “equal weight” rating for the company in a research report on Friday, July 27th. Wells Fargo & Co dropped their price target on shares of Mcdonald’s from $185.00 to $180.00 and set an “outperform” rating for the company in a research report on Wednesday, July 11th. Goldman Sachs Group reissued a “buy” rating and set a $178.00 price target on shares of Mcdonald’s in a research report on Tuesday, July 24th. Finally, Cowen reissued a “buy” rating and set a $190.00 price target on shares of Mcdonald’s in a research report on Friday, July 27th. Nine analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. Mcdonald’s presently has a consensus rating of “Buy” and an average target price of $181.57.

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

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