Squar Milner Financial Services LLC Has $280,000 Stock Holdings in Mcdonald’s Corp (NYSE:MCD)

Squar Milner Financial Services LLC increased its position in Mcdonald’s Corp (NYSE:MCD) by 368.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,348 shares of the fast-food giant’s stock after buying an additional 1,060 shares during the period. Squar Milner Financial Services LLC’s holdings in Mcdonald’s were worth $280,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. First Command Financial Services Inc. grew its stake in Mcdonald’s by 2.7% in the 2nd quarter. First Command Financial Services Inc. now owns 1,857 shares of the fast-food giant’s stock valued at $386,000 after buying an additional 48 shares in the last quarter. Graves Light Private Wealth Management Inc. grew its position in shares of Mcdonald’s by 1.5% during the 2nd quarter. Graves Light Private Wealth Management Inc. now owns 3,428 shares of the fast-food giant’s stock valued at $712,000 after purchasing an additional 49 shares in the last quarter. Gilman Hill Asset Management LLC grew its position in shares of Mcdonald’s by 2.2% during the 2nd quarter. Gilman Hill Asset Management LLC now owns 2,344 shares of the fast-food giant’s stock valued at $487,000 after purchasing an additional 50 shares in the last quarter. Duncker Streett & Co. Inc. grew its position in shares of Mcdonald’s by 1.9% during the 2nd quarter. Duncker Streett & Co. Inc. now owns 2,698 shares of the fast-food giant’s stock valued at $560,000 after purchasing an additional 50 shares in the last quarter. Finally, Legacy Private Trust Co. grew its position in shares of Mcdonald’s by 1.1% during the 2nd quarter. Legacy Private Trust Co. now owns 4,678 shares of the fast-food giant’s stock valued at $971,000 after purchasing an additional 52 shares in the last quarter. Institutional investors own 68.03% of the company’s stock.

A number of research firms have recently commented on MCD. Jefferies Financial Group boosted their price target on shares of Mcdonald’s from $225.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, June 28th. 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 objective for the company. Piper Jaffray Companies lifted their price objective 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. JPMorgan Chase & Co. lifted their price objective on shares of Mcdonald’s from $195.00 to $215.00 and gave the stock an “overweight” rating in a report on Friday, June 28th. Finally, 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 objective for the company. Eight investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. Mcdonald’s has an average rating of “Buy” and an average price target of $219.23.

In other Mcdonald’s news, insider Ian Frederick Borden sold 4,149 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $199.22, for a total value of $826,563.78. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Silvia Lagnado sold 26,649 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was 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 owns 40,129 shares in the company, valued at approximately $8,530,622.82. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by corporate insiders.

Shares of NYSE MCD traded up $2.65 during midday trading on Tuesday, hitting $213.10. 91,460 shares of the company traded hands, 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 firm has a 50-day moving average of $210.75. The company has a market capitalization of $163.77 billion, a price-to-earnings ratio of 26.93, a P/E/G ratio of 3.07 and a beta of 0.49.

Mcdonald’s (NYSE:MCD) last announced its quarterly earnings results 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 company 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%. Mcdonald’s’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.99 EPS. As a group, analysts expect that Mcdonald’s Corp will post 8 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be issued a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend is Friday, August 30th. Mcdonald’s’s dividend payout ratio (DPR) is presently 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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