Northstar Group Inc. Decreases Stock Holdings in Mcdonald’s Corp (NYSE:MCD)

Northstar Group Inc. reduced its position in shares of Mcdonald’s Corp (NYSE:MCD) by 2.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,762 shares of the fast-food giant’s stock after selling 181 shares during the period. Northstar Group Inc.’s holdings in Mcdonald’s were worth $1,404,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Lourd Capital LLC raised its holdings in shares of Mcdonald’s by 8.2% in the second quarter. Lourd Capital LLC now owns 1,593 shares of the fast-food giant’s stock valued at $331,000 after buying an additional 121 shares during the last quarter. Pekin Singer Strauss Asset Management IL raised its holdings in shares of Mcdonald’s by 28.8% in the fourth quarter. Pekin Singer Strauss Asset Management IL now owns 7,944 shares of the fast-food giant’s stock valued at $1,411,000 after buying an additional 1,774 shares during the last quarter. Dixon Hubard Feinour & Brown Inc. VA raised its holdings in shares of Mcdonald’s by 4.4% in the first quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 7,094 shares of the fast-food giant’s stock valued at $1,347,000 after buying an additional 297 shares during the last quarter. Advisory Services Network LLC raised its holdings in shares of Mcdonald’s by 2.9% in the first quarter. Advisory Services Network LLC now owns 18,808 shares of the fast-food giant’s stock valued at $3,572,000 after buying an additional 522 shares during the last quarter. Finally, Wambolt & Associates LLC raised its holdings in shares of Mcdonald’s by 33.4% in the first quarter. Wambolt & Associates LLC now owns 3,752 shares of the fast-food giant’s stock valued at $713,000 after buying an additional 939 shares during the last quarter. 67.99% of the stock is owned by institutional investors and hedge funds.

Shares of MCD stock traded up $1.57 during trading hours on Thursday, hitting $212.29. The company’s stock had a trading volume of 1,197,017 shares, compared to its average volume of 2,461,406. The stock has a fifty day moving average of $210.00. The firm has a market capitalization of $164.15 billion, a PE ratio of 26.87, a price-to-earnings-growth ratio of 3.10 and a beta of 0.51. Mcdonald’s Corp has a twelve month low of $153.13 and a twelve month high of $218.96.

Mcdonald’s (NYSE:MCD) last announced its quarterly earnings data on Friday, July 26th. The fast-food giant reported $2.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.06 by ($0.01). The firm had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.34 billion. Mcdonald’s had a net margin of 28.32% and a negative return on equity of 92.99%. The business’s quarterly revenue was down .2% on a year-over-year basis. During the same period in the previous year, the company posted $1.99 EPS. Analysts anticipate that Mcdonald’s Corp will post 8 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be paid a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend is Friday, August 30th. Mcdonald’s’s payout ratio is 58.73%.

A number of equities research analysts have recently commented on the stock. BMO Capital Markets upped their target price on shares of Mcdonald’s to $230.00 and gave the company an “outperform” rating in a report on Monday. Telsey Advisory Group reiterated an “outperform” rating and set a $230.00 price target (up from $210.00) on shares of Mcdonald’s in a research note on Monday, July 15th. Longbow Research lowered shares of Mcdonald’s from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $200.00 to $197.00 in a research note on Wednesday, May 1st. They noted that the move was a valuation call. Evercore ISI began coverage on shares of Mcdonald’s in a research report on Tuesday, June 11th. They set an “outperform” rating and a $225.00 target price on the stock. Finally, Jefferies Financial Group upped their target price on shares of Mcdonald’s from $225.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, June 28th. Eight analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. Mcdonald’s has an average rating of “Buy” and an average price target of $219.23.

In related news, insider Christopher J. Kempczinski sold 38,729 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $195.21, for a total transaction of $7,560,288.09. Following the transaction, the insider now owns 11,658 shares of the company’s stock, valued at $2,275,758.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ian Frederick Borden sold 4,149 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $199.22, for a total transaction of $826,563.78. The disclosure for this sale can be found here. Corporate insiders own 0.25% of the company’s stock.

About Mcdonald’s

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

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