Dixon Hubard Feinour & Brown Inc. VA Has $1,018,000 Stake in McDonald’s Corporation (MCD)

Dixon Hubard Feinour & Brown Inc. VA maintained its stake in shares of McDonald’s Corporation (NYSE:MCD) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,647 shares of the fast-food giant’s stock at the end of the second quarter. Dixon Hubard Feinour & Brown Inc. VA’s holdings in McDonald’s Corporation were worth $1,018,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Oakworth Capital Inc. increased its position in McDonald’s Corporation by 7.7% in the first quarter. Oakworth Capital Inc. now owns 4,977 shares of the fast-food giant’s stock valued at $645,000 after buying an additional 355 shares during the period. Zurich Insurance Group Ltd FI increased its position in McDonald’s Corporation by 21.1% in the fourth quarter. Zurich Insurance Group Ltd FI now owns 135,024 shares of the fast-food giant’s stock valued at $16,435,000 after buying an additional 23,547 shares during the period. Sterling Investment Management Inc. increased its position in McDonald’s Corporation by 4.9% in the first quarter. Sterling Investment Management Inc. now owns 11,486 shares of the fast-food giant’s stock valued at $1,489,000 after buying an additional 536 shares during the period. Candriam Luxembourg S.C.A. increased its position in McDonald’s Corporation by 18.9% in the first quarter. Candriam Luxembourg S.C.A. now owns 92,407 shares of the fast-food giant’s stock valued at $11,977,000 after buying an additional 14,662 shares during the period. Finally, Wealthfront Inc. increased its position in McDonald’s Corporation by 4.9% in the fourth quarter. Wealthfront Inc. now owns 27,042 shares of the fast-food giant’s stock valued at $3,292,000 after buying an additional 1,275 shares during the period. Institutional investors own 68.20% of the company’s stock.

McDonald’s Corporation (MCD) traded down 0.08% during trading on Friday, hitting $157.76. The stock had a trading volume of 2,595,695 shares. McDonald’s Corporation has a 1-year low of $110.33 and a 1-year high of $159.98. The firm has a 50 day moving average price of $155.41 and a 200-day moving average price of $141.89. The firm has a market capitalization of $127.78 billion, a PE ratio of 25.82 and a beta of 0.70.

McDonald’s Corporation (NYSE:MCD) last announced its quarterly earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.08. McDonald’s Corporation had a net margin of 21.00% and a negative return on equity of 264.89%. The company had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $5.96 billion. During the same quarter in the previous year, the company earned $1.45 earnings per share. McDonald’s Corporation’s quarterly revenue was down 3.4% on a year-over-year basis. On average, equities research analysts expect that McDonald’s Corporation will post $6.54 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Friday, September 1st will be given a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 2.38%. The ex-dividend date is Wednesday, August 30th. McDonald’s Corporation’s dividend payout ratio is currently 61.54%.

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A number of research firms recently weighed in on MCD. BTIG Research raised their price target on McDonald’s Corporation from $165.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, June 29th. Barclays PLC raised their price target on McDonald’s Corporation from $139.00 to $155.00 and gave the company an “overweight” rating in a report on Wednesday, April 26th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $170.00 price target (up from $160.00) on shares of McDonald’s Corporation in a report on Thursday, May 25th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $153.00 price target on shares of McDonald’s Corporation in a report on Friday, July 14th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $140.00 price target on shares of McDonald’s Corporation in a report on Wednesday, July 19th. Twelve analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. McDonald’s Corporation presently has an average rating of “Buy” and a consensus price target of $162.16.

In other McDonald’s Corporation news, EVP David Ogden Fairhurst sold 4,782 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $157.05, for a total value of $751,013.10. Following the sale, the executive vice president now owns 6,954 shares in the company, valued at $1,092,125.70. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Douglas M. Goare sold 17,286 shares of the company’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $158.50, for a total transaction of $2,739,831.00. The disclosure for this sale can be found here. Insiders have sold 69,938 shares of company stock worth $11,033,009 in the last quarter. 0.24% of the stock is owned by corporate insiders.

McDonald’s Corporation Company Profile

McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.

Institutional Ownership by Quarter for McDonald`s Corporation (NYSE:MCD)

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