Mcdonald’s Corp (NYSE:MCD) Shares Bought by Oak Asset Management LLC

Oak Asset Management LLC lifted its stake in shares of Mcdonald’s Corp (NYSE:MCD) by 1.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 20,594 shares of the fast-food giant’s stock after buying an additional 195 shares during the quarter. Mcdonald’s comprises approximately 2.7% of Oak Asset Management LLC’s investment portfolio, making the stock its 7th largest holding. Oak Asset Management LLC’s holdings in Mcdonald’s were worth $4,428,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. FMR LLC grew its position in Mcdonald’s by 0.3% in the 1st quarter. FMR LLC now owns 21,416,684 shares of the fast-food giant’s stock valued at $4,067,029,000 after purchasing an additional 59,931 shares during the period. Northern Trust Corp grew its position in Mcdonald’s by 2.8% in the 4th quarter. Northern Trust Corp now owns 11,680,799 shares of the fast-food giant’s stock valued at $2,074,161,000 after purchasing an additional 317,676 shares during the period. Geode Capital Management LLC grew its position in Mcdonald’s by 7.8% in the 4th quarter. Geode Capital Management LLC now owns 9,441,973 shares of the fast-food giant’s stock valued at $1,673,764,000 after purchasing an additional 683,872 shares during the period. Norges Bank acquired a new stake in Mcdonald’s in the 4th quarter valued at $1,326,793,000. Finally, Legal & General Group Plc grew its position in Mcdonald’s by 6.4% in the 4th quarter. Legal & General Group Plc now owns 4,006,305 shares of the fast-food giant’s stock valued at $711,332,000 after purchasing an additional 242,661 shares during the period. 68.03% of the stock is owned by institutional investors.

In related news, insider Ian Frederick Borden sold 4,149 shares of Mcdonald’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. Also, EVP Silvia Lagnado sold 26,649 shares of Mcdonald’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $212.58, for a total value of $5,665,044.42. Following the completion of the sale, the executive vice president now directly owns 40,129 shares of the company’s stock, valued at approximately $8,530,622.82. The disclosure for this sale can be found here. Insiders own 0.25% of the company’s stock.

Several research firms recently issued reports on MCD. Zacks Investment Research raised shares of Mcdonald’s from a “sell” rating to a “hold” rating in a research report on Friday, April 26th. Sanford C. Bernstein restated a “buy” rating on shares of Mcdonald’s in a research note on Friday, July 26th. BTIG Research raised their price objective on Mcdonald’s to $220.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. JPMorgan Chase & Co. raised their price objective on Mcdonald’s from $195.00 to $215.00 and gave the company an “overweight” rating in a research note on Friday, June 28th. Finally, Barclays set a $230.00 price objective on Mcdonald’s and gave the company a “buy” rating in a research note on Friday, July 26th. Eight equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. Mcdonald’s has an average rating of “Buy” and a consensus price target of $219.23.

Shares of NYSE MCD traded up $2.50 during mid-day trading on Tuesday, reaching $212.95. 1,483,239 shares of the company’s stock were exchanged, compared to its average volume of 2,776,640. The firm has a market cap of $163.77 billion, a price-to-earnings ratio of 26.96, a price-to-earnings-growth ratio of 3.07 and a beta of 0.49. Mcdonald’s Corp has a 52 week low of $155.46 and a 52 week high of $218.96. The stock has a 50-day moving average price of $210.75.

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

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be paid a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date is Friday, August 30th. Mcdonald’s’s payout ratio is 58.73%.

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, 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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