Taylor Cottrill Erickson & Associates Inc. lessened its holdings in shares of Mcdonald’s Corp (NYSE:MCD) by 0.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,542 shares of the fast-food giant’s stock after selling 75 shares during the period. Taylor Cottrill Erickson & Associates Inc.’s holdings in Mcdonald’s were worth $4,473,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in MCD. Traynor Capital Management Inc. acquired a new stake in Mcdonald’s in the second quarter valued at $361,000. Alta Capital Management LLC grew its holdings in Mcdonald’s by 0.6% in the second quarter. Alta Capital Management LLC now owns 12,429 shares of the fast-food giant’s stock valued at $2,581,000 after purchasing an additional 77 shares during the last quarter. Ashburton Jersey Ltd grew its holdings in Mcdonald’s by 158.8% in the second quarter. Ashburton Jersey Ltd now owns 660 shares of the fast-food giant’s stock valued at $137,000 after purchasing an additional 405 shares during the last quarter. KMG Fiduciary Partners LLC grew its holdings in Mcdonald’s by 7.2% in the second quarter. KMG Fiduciary Partners LLC now owns 18,240 shares of the fast-food giant’s stock valued at $3,788,000 after purchasing an additional 1,224 shares during the last quarter. Finally, SNS Financial Group LLC grew its holdings in Mcdonald’s by 10.0% in the second quarter. SNS Financial Group LLC now owns 2,693 shares of the fast-food giant’s stock valued at $559,000 after purchasing an additional 244 shares during the last quarter. 68.03% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Ian Frederick Borden sold 4,149 shares of the stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $199.22, for a total transaction of $826,563.78. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Silvia Lagnado sold 26,649 shares of the 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 transaction, the executive vice president now owns 40,129 shares in the company, valued at $8,530,622.82. The disclosure for this sale can be found here. Corporate insiders own 0.25% of the company’s stock.
Shares of NYSE:MCD traded up $3.26 on Wednesday, hitting $217.34. The company had a trading volume of 260,539 shares, compared to its average volume of 2,776,640. The business has a 50 day moving average of $210.96. Mcdonald’s Corp has a 52-week low of $155.84 and a 52-week high of $218.96. The firm has a market capitalization of $163.77 billion, a P/E ratio of 27.46, a PEG 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 for the quarter, missing the Thomson Reuters’ 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 for the quarter, compared to analysts’ expectations of $5.34 billion. During the same quarter last year, the company posted $1.99 earnings per share. The business’s quarterly revenue was down .2% compared to the same quarter last year. Research 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. Investors of record on Tuesday, September 3rd will be given a dividend of $1.16 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $4.64 annualized dividend and a yield of 2.13%. Mcdonald’s’s dividend payout ratio (DPR) is presently 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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