ARP Americas LP Acquires Shares of 3,400 Mcdonald’s Corp (NYSE:MCD)

ARP Americas LP bought a new stake in shares of Mcdonald’s Corp (NYSE:MCD) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,400 shares of the fast-food giant’s stock, valued at approximately $627,000.

Several other institutional investors and hedge funds have also bought and sold shares of MCD. Stillwater Investment Management LLC increased its stake in shares of Mcdonald’s by 0.9% during the first quarter. Stillwater Investment Management LLC now owns 18,443 shares of the fast-food giant’s stock valued at $3,049,000 after buying an additional 163 shares during the period. Woodstock Corp grew its stake in Mcdonald’s by 0.8% in the first quarter. Woodstock Corp now owns 19,846 shares of the fast-food giant’s stock worth $3,282,000 after purchasing an additional 165 shares during the period. Fulton Bank N.A. grew its stake in Mcdonald’s by 1.9% in the first quarter. Fulton Bank N.A. now owns 26,835 shares of the fast-food giant’s stock worth $4,437,000 after purchasing an additional 490 shares during the period. Blackhawk Capital Partners LLC. grew its stake in Mcdonald’s by 32.4% in the first quarter. Blackhawk Capital Partners LLC. now owns 10,497 shares of the fast-food giant’s stock worth $2,074,000 after purchasing an additional 2,566 shares during the period. Finally, Pensionfund Sabic grew its stake in Mcdonald’s by 6.4% in the first quarter. Pensionfund Sabic now owns 16,700 shares of the fast-food giant’s stock worth $2,761,000 after purchasing an additional 1,000 shares during the period. 67.04% of the stock is currently owned by hedge funds and other institutional investors.

MCD traded down $1.13 during midday trading on Friday, reaching $194.28. The company had a trading volume of 3,195,486 shares, compared to its average volume of 2,963,317. The business has a 50-day moving average of $188.80 and a two-hundred day moving average of $190.03. The company has a market cap of $145.30 billion, a P/E ratio of 30.79, a P/E/G ratio of 4.32 and a beta of 0.65. Mcdonald’s Corp has a 1 year low of $124.23 and a 1 year high of $221.93.

Mcdonald’s (NYSE:MCD) last released its earnings results on Tuesday, July 28th. The fast-food giant reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.10). Mcdonald’s had a negative return on equity of 53.94% and a net margin of 24.78%. The business had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.73 billion. During the same quarter in the prior year, the business posted $2.05 EPS. The business’s revenue for the quarter was down 29.6% compared to the same quarter last year. Research analysts forecast that Mcdonald’s Corp will post 5.89 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend is Monday, August 31st. Mcdonald’s’s dividend payout ratio is currently 63.78%.

Several brokerages recently weighed in on MCD. JPMorgan Chase & Co. upped their price target on Mcdonald’s from $180.00 to $204.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 24th. SunTrust Banks increased their target price on Mcdonald’s from $195.00 to $208.00 and gave the stock a “buy” rating in a research note on Wednesday, June 17th. Cowen increased their target price on Mcdonald’s from $180.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday, April 9th. Wells Fargo & Co increased their target price on Mcdonald’s from $209.00 to $220.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 16th. Finally, Royal Bank of Canada increased their target price on Mcdonald’s from $201.00 to $211.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. Nine equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $210.00.

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.

Further Reading: Capital Gains Distribution

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

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