Mcdonald’s Corp (NYSE:MCD) Shares Bought by First Citizens Financial Corp

First Citizens Financial Corp grew its stake in shares of Mcdonald’s Corp (NYSE:MCD) by 9.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,223 shares of the fast-food giant’s stock after purchasing an additional 291 shares during the quarter. First Citizens Financial Corp’s holdings in Mcdonald’s were worth $595,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. PrairieView Partners LLC acquired a new position in shares of Mcdonald’s during the first quarter worth about $33,000. CVA Family Office LLC purchased a new stake in shares of Mcdonald’s during the first quarter worth about $33,000. Lake Point Wealth Management increased its position in shares of Mcdonald’s by 2,462.5% during the first quarter. Lake Point Wealth Management now owns 205 shares of the fast-food giant’s stock worth $34,000 after acquiring an additional 197 shares during the last quarter. Reitz Capital Advisors LLC purchased a new stake in shares of Mcdonald’s during the second quarter worth about $42,000. Finally, JJJ Advisors Inc. increased its position in shares of Mcdonald’s by 119.4% during the second quarter. JJJ Advisors Inc. now owns 272 shares of the fast-food giant’s stock worth $50,000 after acquiring an additional 148 shares during the last quarter. Institutional investors own 67.04% of the company’s stock.

MCD stock 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 stock has a 50 day moving average price of $188.80 and a 200 day moving average price of $190.03. Mcdonald’s Corp has a fifty-two week low of $124.23 and a fifty-two week high of $221.93. The firm has a market capitalization of $145.30 billion, a PE ratio of 30.79, a P/E/G ratio of 4.32 and a beta of 0.65.

Mcdonald’s (NYSE:MCD) last issued its earnings results on Tuesday, July 28th. The fast-food giant reported $0.66 EPS for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.10). The company had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.73 billion. Mcdonald’s had a net margin of 24.78% and a negative return on equity of 53.94%. The business’s revenue was down 29.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.05 earnings per share. As a group, analysts anticipate that Mcdonald’s Corp will post 5.89 EPS for the current fiscal year.

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

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on Mcdonald’s from $180.00 to $204.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 24th. Jefferies Financial Group lifted their target price on Mcdonald’s from $208.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, June 17th. Stifel Nicolaus lifted their target price on Mcdonald’s from $182.00 to $195.00 and gave the stock a “hold” rating in a research report on Tuesday. Royal Bank of Canada lifted their target price on Mcdonald’s from $201.00 to $211.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. Finally, Piper Sandler lowered their price objective on Mcdonald’s from $195.00 to $170.00 and set a “neutral” rating for the company in a report on Tuesday, April 7th. Nine investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Mcdonald’s has a consensus rating of “Buy” and an average target price of $210.00.

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, 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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