Montag & Caldwell LLC Decreases Stock Position in Mcdonald’s Corp (NYSE:MCD)

Montag & Caldwell LLC cut its holdings in Mcdonald’s Corp (NYSE:MCD) by 22.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,764 shares of the fast-food giant’s stock after selling 806 shares during the period. Montag & Caldwell LLC’s holdings in Mcdonald’s were worth $574,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Litman Gregory Asset Management LLC purchased a new stake in shares of Mcdonald’s in the 2nd quarter worth about $27,000. Atlas Capital Advisors LLC increased its stake in shares of Mcdonald’s by 330.3% during the 2nd quarter. Atlas Capital Advisors LLC now owns 142 shares of the fast-food giant’s stock valued at $29,000 after acquiring an additional 109 shares during the last quarter. Westside Investment Management Inc. acquired a new position in shares of Mcdonald’s during the 2nd quarter valued at about $34,000. Aspire Private Capital LLC acquired a new position in shares of Mcdonald’s during the 4th quarter valued at about $32,000. Finally, Canton Hathaway LLC acquired a new position in shares of Mcdonald’s during the 1st quarter valued at about $35,000. Institutional investors and hedge funds own 68.21% of the company’s stock.

A number of research analysts have recently commented on MCD shares. Cleveland Research reaffirmed a “hold” rating on shares of Mcdonald’s in a research note on Friday, July 12th. Zacks Investment Research raised shares of Mcdonald’s from a “sell” rating to a “hold” rating in a research note on Friday, April 26th. Jefferies Financial Group upped their price objective on shares of Mcdonald’s from $225.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, June 28th. Robert W. Baird upped their price objective on shares of Mcdonald’s from $225.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Finally, Credit Suisse Group upped their price objective on shares of Mcdonald’s from $230.00 to $236.00 and gave the company an “outperform” rating in a research note on Tuesday, July 30th. They noted that the move was a valuation call. Eight analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $220.23.

In other news, insider Ian Frederick Borden sold 4,149 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $199.22, for a total value of $826,563.78. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Silvia Lagnado sold 26,649 shares of the company’s stock in a transaction on 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 transaction, the executive vice president now directly owns 40,129 shares in the company, valued at approximately $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 MCD traded up $1.09 during trading hours on Thursday, reaching $217.57. 1,094,554 shares of the company’s stock traded hands, compared to its average volume of 3,209,126. The company has a market cap of $164.87 billion, a price-to-earnings ratio of 27.54, a price-to-earnings-growth ratio of 3.11 and a beta of 0.49. Mcdonald’s Corp has a twelve month low of $156.56 and a twelve month high of $221.93. The stock has a fifty day simple moving average of $213.35.

Mcdonald’s (NYSE:MCD) last issued its quarterly earnings results on Friday, July 26th. The fast-food giant reported $2.05 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 92.02%. The business had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.34 billion. During the same period last year, the business posted $1.99 earnings per share. Mcdonald’s’s revenue for the quarter was down .2% on a year-over-year basis. Analysts forecast that Mcdonald’s Corp will post 8 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be issued a $1.16 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $4.64 annualized dividend and a dividend yield of 2.13%. Mcdonald’s’s payout ratio is currently 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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