Tompkins Financial Corp raised its holdings in Mcdonald’s Corp (NYSE:MCD) by 3.0% during the 2nd quarter, Holdings Channel reports. The firm owned 30,401 shares of the fast-food giant’s stock after purchasing an additional 898 shares during the quarter. Mcdonald’s comprises 1.3% of Tompkins Financial Corp’s investment portfolio, making the stock its 16th biggest holding. Tompkins Financial Corp’s holdings in Mcdonald’s were worth $6,313,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. First Command Financial Services Inc. raised its position in shares of Mcdonald’s by 2.7% in the second quarter. First Command Financial Services Inc. now owns 1,857 shares of the fast-food giant’s stock valued at $386,000 after buying an additional 48 shares during the last quarter. Aldebaran Financial Inc. raised its position in shares of Mcdonald’s by 0.7% in the first quarter. Aldebaran Financial Inc. now owns 7,325 shares of the fast-food giant’s stock valued at $1,391,000 after buying an additional 53 shares during the last quarter. Arbor Wealth Management LLC raised its position in shares of Mcdonald’s by 8.2% in the second quarter. Arbor Wealth Management LLC now owns 743 shares of the fast-food giant’s stock valued at $154,000 after buying an additional 56 shares during the last quarter. Old Port Advisors raised its position in shares of Mcdonald’s by 4.9% in the first quarter. Old Port Advisors now owns 1,232 shares of the fast-food giant’s stock valued at $234,000 after buying an additional 58 shares during the last quarter. Finally, Moloney Securities Asset Management LLC raised its position in shares of Mcdonald’s by 0.8% in the fourth quarter. Moloney Securities Asset Management LLC now owns 7,642 shares of the fast-food giant’s stock valued at $1,357,000 after buying an additional 59 shares during the last quarter. 67.99% of the stock is currently owned by institutional investors.

MCD traded down $0.63 during trading on Monday, hitting $214.95. 2,321,838 shares of the company’s stock were exchanged, compared to its average volume of 2,382,118. Mcdonald’s Corp has a 1 year low of $153.13 and a 1 year high of $218.96. The stock’s 50 day moving average is $208.96. The stock has a market capitalization of $164.61 billion, a price-to-earnings ratio of 27.21, a P/E/G ratio of 3.10 and a beta of 0.51.

Mcdonald’s (NYSE:MCD) last released its quarterly earnings data on Friday, July 26th. The fast-food giant reported $2.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.06 by ($0.01). Mcdonald’s had a negative return on equity of 92.99% and a net margin of 28.32%. The business had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.34 billion. During the same quarter in the prior year, the firm earned $1.99 earnings per share. Mcdonald’s’s quarterly revenue was down .2% compared to the same quarter last year. As a group, research analysts expect that Mcdonald’s Corp will post 8.01 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be paid a dividend of $1.16 per share. The ex-dividend date is Friday, August 30th. This represents a $4.64 annualized dividend and a yield of 2.16%. Mcdonald’s’s dividend payout ratio is currently 58.73%.

In other Mcdonald’s news, CFO Kevin M. Ozan sold 40,930 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $195.90, for a total transaction of $8,018,187.00. Following the completion of the sale, the chief financial officer now directly owns 42,647 shares in the company, valued at $8,354,547.30. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Jerome N. Krulewitch sold 20,641 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $196.40, for a total transaction of $4,053,892.40. Following the sale, the executive vice president now owns 20,641 shares of the company’s stock, valued at $4,053,892.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 104,449 shares of company stock valued at $20,458,931. 0.25% of the stock is owned by insiders.

A number of research firms have recently weighed in on MCD. Stephens reissued a “buy” rating and issued a $24.00 price objective on shares of Bank7 in a research report on Monday. Zacks Investment Research lowered shares of Heritage Insurance from a “hold” rating to a “strong sell” rating in a research report on Friday, April 26th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 99 ($1.29) price objective on shares of in a research report on Friday, June 28th. Telsey Advisory Group began coverage on shares of Grocery Outlet in a research report on Monday, July 15th. They set an “outperform” rating and a $40.00 price target for the company. Finally, BTIG Research upped their price target on shares of Apple to $234.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Seven equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. Mcdonald’s currently has a consensus rating of “Buy” and an average price target of $217.79.

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, 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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