Mcdonald’s Corp (NYSE:MCD) Shares Purchased by Chemung Canal Trust Co.

Chemung Canal Trust Co. grew its holdings in shares of Mcdonald’s Corp (NYSE:MCD) by 0.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,352 shares of the fast-food giant’s stock after buying an additional 73 shares during the quarter. Mcdonald’s makes up 2.7% of Chemung Canal Trust Co.’s portfolio, making the stock its 7th largest position. Chemung Canal Trust Co.’s holdings in Mcdonald’s were worth $11,240,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. First Trust Advisors LP increased its holdings in shares of Mcdonald’s by 33.3% during the 1st quarter. First Trust Advisors LP now owns 231,223 shares of the fast-food giant’s stock valued at $43,909,000 after acquiring an additional 57,714 shares during the last quarter. Cox Capital Mgt LLC increased its holdings in shares of Mcdonald’s by 2.7% during the 2nd quarter. Cox Capital Mgt LLC now owns 11,382 shares of the fast-food giant’s stock valued at $2,364,000 after acquiring an additional 299 shares during the last quarter. Thomasville National Bank increased its holdings in shares of Mcdonald’s by 3.6% during the 2nd quarter. Thomasville National Bank now owns 23,281 shares of the fast-food giant’s stock valued at $4,834,000 after acquiring an additional 800 shares during the last quarter. Baystate Wealth Management LLC increased its holdings in shares of Mcdonald’s by 59.4% during the 2nd quarter. Baystate Wealth Management LLC now owns 735 shares of the fast-food giant’s stock valued at $152,000 after acquiring an additional 274 shares during the last quarter. Finally, South Texas Money Management Ltd. increased its holdings in shares of Mcdonald’s by 4.4% during the 2nd quarter. South Texas Money Management Ltd. now owns 1,529 shares of the fast-food giant’s stock valued at $318,000 after acquiring an additional 64 shares during the last quarter. 67.91% of the stock is currently owned by hedge funds and other institutional investors.

Shares of MCD stock traded up $0.53 during mid-day trading on Friday, reaching $193.61. The stock had a trading volume of 3,457,071 shares, compared to its average volume of 3,371,192. The firm’s 50 day simple moving average is $204.71 and its 200 day simple moving average is $207.29. Mcdonald’s Corp has a one year low of $169.04 and a one year high of $221.93. The firm has a market cap of $144.73 billion, a PE ratio of 24.51, a P/E/G ratio of 3.04 and a beta of 0.48.

Mcdonald’s (NYSE:MCD) last announced its quarterly earnings data on Tuesday, October 22nd. The fast-food giant reported $2.11 EPS for the quarter, missing the Zacks’ consensus estimate of $2.21 by ($0.10). The firm had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.47 billion. Mcdonald’s had a negative return on equity of 85.71% and a net margin of 28.09%. Mcdonald’s’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.10 EPS. As a group, sell-side analysts expect that Mcdonald’s Corp will post 7.87 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.58%. The ex-dividend date is Friday, November 29th. This is an increase from Mcdonald’s’s previous quarterly dividend of $1.16. Mcdonald’s’s dividend payout ratio (DPR) is 58.73%.

In related news, CEO Christopher J. Kempczinski bought 2,580 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was acquired at an average price of $193.81 per share, for a total transaction of $500,029.80. Following the transaction, the chief executive officer now directly owns 2,580 shares of the company’s stock, valued at $500,029.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Catherine A. Hoovel sold 457 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $218.15, for a total value of $99,694.55. Following the transaction, the vice president now owns 1,348 shares of the company’s stock, valued at approximately $294,066.20. The disclosure for this sale can be found here. 0.25% of the stock is owned by company insiders.

MCD has been the topic of a number of analyst reports. Wells Fargo & Co lowered their price objective on Mcdonald’s from $235.00 to $222.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. UBS Group lowered their target price on Mcdonald’s from $218.00 to $212.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Citigroup lowered their target price on Mcdonald’s from $221.00 to $216.00 and set a “neutral” rating on the stock in a report on Monday, November 4th. Cowen raised their target price on Mcdonald’s from $225.00 to $235.00 and gave the company an “outperform” rating in a report on Thursday, July 18th. Finally, Credit Suisse Group lowered their target price on Mcdonald’s from $236.00 to $230.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Eight research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $222.96.

About Mcdonald’s

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.

Read More: Elliott Wave Theory

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

Receive News & Ratings for Mcdonald's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mcdonald's and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News