Sterling Capital Management LLC decreased its holdings in Mcdonald’s Corp (NYSE:MCD) by 1.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 81,692 shares of the fast-food giant’s stock after selling 1,074 shares during the quarter. Sterling Capital Management LLC’s holdings in Mcdonald’s were worth $12,800,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. HC Financial Advisors Inc. acquired a new position in shares of Mcdonald’s in the 4th quarter valued at $1,795,000. Atria Investments LLC increased its stake in Mcdonald’s by 7.4% in the 1st quarter. Atria Investments LLC now owns 23,269 shares of the fast-food giant’s stock valued at $3,639,000 after buying an additional 1,602 shares during the period. Boys Arnold & Co. Inc. increased its stake in Mcdonald’s by 1.7% in the 1st quarter. Boys Arnold & Co. Inc. now owns 23,530 shares of the fast-food giant’s stock valued at $3,736,000 after buying an additional 390 shares during the period. TCI Wealth Advisors Inc. increased its stake in Mcdonald’s by 1.3% in the 1st quarter. TCI Wealth Advisors Inc. now owns 25,256 shares of the fast-food giant’s stock valued at $3,949,000 after buying an additional 318 shares during the period. Finally, Wellington Shields Capital Management LLC increased its stake in Mcdonald’s by 21.0% in the 1st quarter. Wellington Shields Capital Management LLC now owns 4,739 shares of the fast-food giant’s stock valued at $741,000 after buying an additional 824 shares during the period. 66.98% of the stock is owned by institutional investors and hedge funds.

Shares of MCD stock opened at $166.57 on Friday. Mcdonald’s Corp has a twelve month low of $146.84 and a twelve month high of $178.70. The stock has a market capitalization of $129.78 billion, a P/E ratio of 25.01, a PEG ratio of 2.49 and a beta of 0.66. The company has a debt-to-equity ratio of -5.24, a current ratio of 1.47 and a quick ratio of 1.45.

Mcdonald’s (NYSE:MCD) last announced its earnings results on Thursday, July 26th. The fast-food giant reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.92 by $0.07. Mcdonald’s had a net margin of 25.26% and a negative return on equity of 133.89%. The firm had revenue of $5.35 billion during the quarter, compared to the consensus estimate of $5.32 billion. During the same quarter in the previous year, the company posted $1.73 EPS. The firm’s revenue for the quarter was down 11.5% on a year-over-year basis. On average, analysts expect that Mcdonald’s Corp will post 7.65 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Monday, December 3rd will be paid a dividend of $1.16 per share. The ex-dividend date is Friday, November 30th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.79%. This is an increase from Mcdonald’s’s previous quarterly dividend of $1.01. Mcdonald’s’s dividend payout ratio is currently 60.66%.

Several brokerages have issued reports on MCD. Goldman Sachs Group reissued a “buy” rating and issued a $192.00 price objective on shares of Mcdonald’s in a research note on Friday. KeyCorp began coverage on shares of Mcdonald’s in a research note on Wednesday. They issued an “overweight” rating and a $185.00 price objective on the stock. Royal Bank of Canada reissued a “buy” rating and issued a $175.00 price objective on shares of Mcdonald’s in a research note on Thursday, September 27th. Jefferies Financial Group set a $190.00 target price on shares of Mcdonald’s and gave the stock a “buy” rating in a research report on Wednesday, September 26th. Finally, Wells Fargo & Co restated a “buy” rating and set a $185.00 target price on shares of Mcdonald’s in a research report on Monday, September 24th. Eight investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $182.65.

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, 2017, the company operated 37,241 restaurants, including 34,108 franchised restaurants comprising 21,366 franchised to conventional franchisees, 6,945 licensed to developmental licensees, and 5,797 licensed to foreign affiliates; and 3,133 company-operated restaurants.

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

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