Mcdonald’s Corp (NYSE:MCD) Shares Bought by Putnam FL Investment Management Co.

Putnam FL Investment Management Co. boosted its holdings in shares of Mcdonald’s Corp (NYSE:MCD) by 0.6% in the second quarter, HoldingsChannel.com reports. The fund owned 29,656 shares of the fast-food giant’s stock after buying an additional 171 shares during the quarter. Putnam FL Investment Management Co.’s holdings in Mcdonald’s were worth $6,158,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. United Capital Management of KS Inc. raised its position in Mcdonald’s by 1.7% during the second quarter. United Capital Management of KS Inc. now owns 10,139 shares of the fast-food giant’s stock worth $2,092,000 after acquiring an additional 168 shares during the last quarter. Atlas Capital Advisors LLC grew its holdings in shares of Mcdonald’s by 330.3% during the second quarter. Atlas Capital Advisors LLC now owns 142 shares of the fast-food giant’s stock worth $29,000 after buying an additional 109 shares in the last quarter. JBJ Investment Partners LLC grew its holdings in shares of Mcdonald’s by 220.2% during the second quarter. JBJ Investment Partners LLC now owns 1,412 shares of the fast-food giant’s stock worth $293,000 after buying an additional 971 shares in the last quarter. Ballentine Partners LLC grew its holdings in shares of Mcdonald’s by 168.7% during the second quarter. Ballentine Partners LLC now owns 15,024 shares of the fast-food giant’s stock worth $3,120,000 after buying an additional 9,433 shares in the last quarter. Finally, Polaris Greystone Financial Group LLC grew its holdings in shares of Mcdonald’s by 5,978.8% during the second quarter. Polaris Greystone Financial Group LLC now owns 108,568 shares of the fast-food giant’s stock worth $22,398,000 after buying an additional 106,782 shares in the last quarter. Institutional investors own 68.03% of the company’s stock.

Mcdonald’s stock traded up $2.82 during trading on Tuesday, reaching $213.27. The company had a trading volume of 134,453 shares, compared to its average volume of 2,776,640. Mcdonald’s Corp has a 12-month low of $155.46 and a 12-month high of $218.96. The business’s 50 day moving average price is $210.75. The stock has a market capitalization of $163.77 billion, a price-to-earnings ratio of 27.02, a price-to-earnings-growth ratio of 3.07 and a beta of 0.49.

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

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

In other Mcdonald’s news, EVP Silvia Lagnado sold 26,649 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $212.58, for a total transaction of $5,665,044.42. Following the completion of the sale, the executive vice president now directly owns 40,129 shares in the company, valued at $8,530,622.82. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Ian Frederick Borden sold 4,149 shares of the business’s 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. 0.25% of the stock is owned by insiders.

MCD has been the subject of a number of recent research reports. Evercore ISI initiated coverage on shares of Mcdonald’s in a report on Tuesday, June 11th. They set an “outperform” rating and a $225.00 price target for the company. Goldman Sachs Group initiated coverage on shares of Mcdonald’s in a report on Monday, July 29th. They set a “buy” rating and a $250.00 price target for the company. Morgan Stanley lifted their price target on shares of Mcdonald’s from $210.00 to $220.00 and gave the stock an “overweight” rating in a report on Thursday, July 18th. Piper Jaffray Companies lifted their price target on shares of Mcdonald’s from $209.00 to $226.00 and gave the stock an “overweight” rating in a report on Monday, July 15th. Finally, Cowen lifted their price target on shares of Mcdonald’s from $225.00 to $235.00 and gave the stock an “outperform” rating in a report on Thursday, July 18th. Eight equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $219.23.

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.

Read More: What is a put option?

Want to see what other hedge funds are holding MCD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mcdonald’s Corp (NYSE:MCD).

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.