Tiaa Fsb Acquires 1,522 Shares of Mcdonald’s Corp (MCD)

Share on StockTwits

Tiaa Fsb raised its holdings in Mcdonald’s Corp (NYSE:MCD) by 3.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 45,765 shares of the fast-food giant’s stock after acquiring an additional 1,522 shares during the quarter. Tiaa Fsb’s holdings in Mcdonald’s were worth $7,656,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in MCD. Fundsmith Equity Fund L.P. acquired a new position in Mcdonald’s in the 2nd quarter valued at approximately $1,191,239,000. AustralianSuper Pty Ltd acquired a new position in Mcdonald’s in the 2nd quarter valued at approximately $179,723,000. Amundi Pioneer Asset Management Inc. increased its position in Mcdonald’s by 103.8% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 2,043,158 shares of the fast-food giant’s stock valued at $319,509,000 after acquiring an additional 1,040,636 shares during the period. FMR LLC increased its position in Mcdonald’s by 5.5% in the 2nd 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 during the period. Finally, Caisse DE Depot ET Placement DU Quebec increased its position in Mcdonald’s by 30.3% in the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,808,550 shares of the fast-food giant’s stock valued at $440,072,000 after acquiring an additional 652,752 shares during the period. Hedge funds and other institutional investors own 66.92% of the company’s stock.

MCD has been the subject of several recent research reports. Wells Fargo & Co restated a “buy” rating and issued a $185.00 price target on shares of Mcdonald’s in a research report on Thursday, June 21st. Royal Bank of Canada restated a “buy” rating and issued a $175.00 price target on shares of Mcdonald’s in a research report on Monday, July 9th. Cleveland Research cut shares of Mcdonald’s from a “buy” rating to a “hold” rating in a research report on Wednesday, July 11th. Jefferies Financial Group restated a “buy” rating and issued a $200.00 price target on shares of Mcdonald’s in a research report on Wednesday, July 11th. Finally, Stifel Nicolaus restated a “neutral” rating and issued a $168.00 price target on shares of Mcdonald’s in a research report on Monday, July 16th. Seven analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $183.29.

MCD opened at $166.81 on Friday. Mcdonald’s Corp has a twelve month low of $146.84 and a twelve month high of $178.70. The company has a quick ratio of 1.45, a current ratio of 1.47 and a debt-to-equity ratio of -5.24. The firm has a market cap of $129.38 billion, a PE ratio of 23.00, a PEG ratio of 2.48 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 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.92 by $0.07. The company had revenue of $5.35 billion during the quarter, compared to analysts’ expectations of $5.32 billion. Mcdonald’s had a net margin of 25.26% and a negative return on equity of 133.89%. Mcdonald’s’s revenue for the quarter was down 11.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.73 earnings per share. As a group, research analysts anticipate that Mcdonald’s Corp will post 7.64 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Monday, December 3rd will be paid a dividend of $1.16 per share. The ex-dividend date of this dividend is Friday, November 30th. This is a positive change from Mcdonald’s’s previous quarterly dividend of $1.01. This represents a $4.64 annualized dividend and a yield of 2.78%. Mcdonald’s’s dividend payout ratio is currently 60.66%.

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.

Read More: What is the float in trading stocks?

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

Receive News & Ratings for Mcdonald's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mcdonald's and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply