Logan Capital Management Inc. Acquires 1,739 Shares of Mcdonald’s Corp (NYSE:MCD)

Logan Capital Management Inc. grew its holdings in shares of Mcdonald’s Corp (NYSE:MCD) by 4.5% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 40,551 shares of the fast-food giant’s stock after buying an additional 1,739 shares during the period. Logan Capital Management Inc.’s holdings in Mcdonald’s were worth $8,421,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Westside Investment Management Inc. purchased a new position in shares of Mcdonald’s in the 2nd quarter worth about $34,000. Aspire Private Capital LLC purchased a new position in shares of Mcdonald’s in the 4th quarter worth about $32,000. Canton Hathaway LLC purchased a new position in shares of Mcdonald’s in the 1st quarter worth about $35,000. Financial Gravity Wealth Inc. purchased a new position in shares of Mcdonald’s in the 1st quarter worth about $46,000. Finally, Ashburton Jersey Ltd purchased a new position in shares of Mcdonald’s in the 4th quarter worth about $45,000. Hedge funds and other institutional investors own 67.99% of the company’s stock.

In other Mcdonald’s news, insider Ian Frederick Borden sold 4,149 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $199.22, for a total value of $826,563.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.25% of the stock is currently owned by insiders.

MCD has been the subject of several recent analyst reports. UBS Group lifted their price target on Mcdonald’s from $203.00 to $218.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Cleveland Research reaffirmed a “hold” rating on shares of Mcdonald’s in a research report on Friday, July 12th. Stifel Nicolaus lifted their price target on Mcdonald’s from $200.00 to $210.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. Credit Suisse Group lifted their price target on Mcdonald’s from $230.00 to $236.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 30th. They noted that the move was a valuation call. Finally, Barclays set a $230.00 price target on Mcdonald’s and gave the stock a “buy” rating in a research report on Friday, July 26th. Eight research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $219.23.

Shares of NYSE:MCD opened at $214.48 on Friday. Mcdonald’s Corp has a fifty-two week low of $154.29 and a fifty-two week high of $218.96. The stock has a 50-day simple moving average of $210.28. The stock has a market cap of $161.30 billion, a price-to-earnings ratio of 27.15, a price-to-earnings-growth ratio of 3.03 and a beta of 0.49.

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

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be given a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend is Friday, August 30th. Mcdonald’s’s dividend payout ratio (DPR) is 58.73%.

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, 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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