Boulegeris Investments Inc. decreased its position in shares of McDonald’s Corporation (NYSE:MCD) by 26.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,223 shares of the fast-food giant’s stock after selling 1,535 shares during the period. Boulegeris Investments Inc.’s holdings in McDonald’s Corporation were worth $547,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the stock. Vigilant Capital Management LLC raised its stake in McDonald’s Corporation by 9.4% in the first quarter. Vigilant Capital Management LLC now owns 977 shares of the fast-food giant’s stock valued at $127,000 after buying an additional 84 shares during the period. Thomas J. Herzfeld Advisors Inc. acquired a new stake in shares of McDonald’s Corporation during the fourth quarter worth about $131,000. D Orazio & Associates Inc. increased its position in McDonald’s Corporation by 0.7% in the fourth quarter. D Orazio & Associates Inc. now owns 1,090 shares of the fast-food giant’s stock valued at $133,000 after buying an additional 8 shares during the period. Signature Estate & Investment Advisors LLC bought a new position in McDonald’s Corporation during the first quarter valued at approximately $146,000. Finally, Hudock Capital Group LLC increased its position in McDonald’s Corporation by 5.9% in the first quarter. Hudock Capital Group LLC now owns 1,493 shares of the fast-food giant’s stock valued at $193,000 after buying an additional 83 shares during the period. Institutional investors and hedge funds own 68.20% of the company’s stock.
McDonald’s Corporation (MCD) traded down 0.08% during trading on Friday, reaching $157.76. The company had a trading volume of 2,595,695 shares. McDonald’s Corporation has a 52-week low of $110.33 and a 52-week high of $159.98. The company has a 50 day moving average price of $155.41 and a 200 day moving average price of $141.89. The company 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 posted its quarterly earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.62 by $0.08. The firm had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.96 billion. McDonald’s Corporation had a negative return on equity of 264.89% and a net margin of 21.00%. The business’s quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.45 EPS. On average, equities analysts forecast that McDonald’s Corporation will post $6.54 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Friday, September 1st will be issued a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date is Wednesday, August 30th. McDonald’s Corporation’s payout ratio is presently 61.54%.
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MCD has been the subject of a number of analyst reports. Telsey Advisory Group increased their price target on shares of McDonald’s Corporation from $136.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, April 21st. BMO Capital Markets assumed coverage on shares of McDonald’s Corporation in a report on Friday, April 21st. They set an “outperform” rating and a $153.00 price objective on the stock. Instinet reissued a “buy” rating and set a $146.00 price objective (up from $136.00) on shares of McDonald’s Corporation in a report on Saturday, April 22nd. Nomura restated a “buy” rating and issued a $161.00 target price on shares of McDonald’s Corporation in a research note on Wednesday, April 26th. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $155.00 price objective on shares of McDonald’s Corporation in a research note on Wednesday, April 26th. Twelve investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. McDonald’s Corporation has a consensus rating of “Buy” and a consensus price target of $162.16.
In related news, insider Douglas M. Goare sold 17,286 shares of the business’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $158.50, for a total value of $2,739,831.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kevin M. Ozan sold 25,322 shares of the business’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $158.50, for a total value of $4,013,537.00. Following the completion of the sale, the chief financial officer now owns 24,039 shares of the company’s stock, valued at $3,810,181.50. The disclosure for this sale can be found here. Insiders have sold a total of 69,938 shares of company stock worth $11,033,009 over the last three months. 0.24% of the stock is owned by 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.
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