Mcdonald’s Corp (MCD) Holdings Reduced by Achmea Investment Management B.V.
Achmea Investment Management B.V. trimmed its stake in shares of Mcdonald’s Corp (NYSE:MCD) by 60.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 39,357 shares of the fast-food giant’s stock after selling 59,429 shares during the quarter. Achmea Investment Management B.V.’s holdings in Mcdonald’s were worth $6,581,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. CSat Investment Advisory L.P. purchased a new position in Mcdonald’s during the second quarter worth about $104,000. Quad Cities Investment Group LLC purchased a new position in Mcdonald’s during the second quarter worth about $110,000. NuWave Investment Management LLC grew its position in Mcdonald’s by 2,485.2% during the third quarter. NuWave Investment Management LLC now owns 698 shares of the fast-food giant’s stock worth $117,000 after buying an additional 671 shares in the last quarter. Horan Capital Management purchased a new position in Mcdonald’s during the second quarter worth about $121,000. Finally, Truvestments Capital LLC purchased a new position in Mcdonald’s during the third quarter worth about $122,000. Institutional investors own 67.22% of the company’s stock.
Several research firms recently commented on MCD. Barclays set a $198.00 target price on Mcdonald’s and gave the stock a “buy” rating in a research report on Monday, November 19th. Morgan Stanley upgraded Mcdonald’s from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $173.00 to $210.00 in a report on Thursday, November 29th. Piper Jaffray Companies upped their price objective on Mcdonald’s to $194.00 and gave the stock an “overweight” rating in a report on Wednesday, November 28th. Jefferies Financial Group reiterated a “buy” rating and issued a $200.00 price objective on shares of Mcdonald’s in a report on Tuesday. Finally, Cowen upped their price objective on Mcdonald’s from $190.00 to $205.00 and gave the stock an “outperform” rating in a report on Friday, November 9th. Seven equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $191.69.
MCD traded down $2.49 during midday trading on Friday, reaching $182.96. 3,086,155 shares of the company’s stock traded hands, compared to its average volume of 3,304,431. Mcdonald’s Corp has a 52 week low of $146.84 and a 52 week high of $190.88. The firm has a market capitalization of $142.97 billion, a price-to-earnings ratio of 27.47, a PEG ratio of 2.72 and a beta of 0.55.
Mcdonald’s (NYSE:MCD) last announced its earnings results on Tuesday, October 23rd. The fast-food giant reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.99 by $0.11. Mcdonald’s had a negative return on equity of 116.43% and a net margin of 24.56%. The firm had revenue of $5.37 billion during the quarter, compared to analyst estimates of $5.28 billion. During the same quarter in the prior year, the company earned $1.76 EPS. The business’s revenue was down 6.7% compared to the same quarter last year. On average, analysts anticipate that Mcdonald’s Corp will post 7.76 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Monday, December 3rd will be given a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date of this dividend is Friday, November 30th. This is a positive change from Mcdonald’s’s previous quarterly dividend of $1.01. Mcdonald’s’s dividend payout ratio (DPR) is 69.67%.
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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, 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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