McDonald’s Corporation (MCD) Stake Raised by BB&T Securities LLC

McDonald’s Corporation (MCD) Stake Raised by BB&T Securities LLC

BB&T Securities LLC boosted its position in McDonald’s Corporation (NYSE:MCD) by 1.7% during the third quarter, Holdings Channel reports. The firm owned 368,055 shares of the fast-food giant’s stock after buying an additional 6,207 shares during the period. BB&T Securities LLC’s holdings in McDonald’s Corporation were worth $42,458,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Glassman Wealth Services raised its position in shares of McDonald’s Corporation by 27.4% in the second quarter. Glassman Wealth Services now owns 930 shares of the fast-food giant’s stock worth $112,000 after buying an additional 200 shares during the period. Thomas J. Herzfeld Advisors Inc. raised its position in shares of McDonald’s Corporation by 183.5% in the second quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,066 shares of the fast-food giant’s stock worth $128,000 after buying an additional 690 shares during the period. Timber Creek Capital Management LLC raised its position in shares of McDonald’s Corporation by 150.7% in the third quarter. Timber Creek Capital Management LLC now owns 1,281 shares of the fast-food giant’s stock worth $147,000 after buying an additional 770 shares during the period. Van Hulzen Asset Management LLC raised its position in shares of McDonald’s Corporation by 57.1% in the third quarter. Van Hulzen Asset Management LLC now owns 1,376 shares of the fast-food giant’s stock worth $159,000 after buying an additional 500 shares during the period. Finally, MU Investments Co. Ltd. bought a new position in shares of McDonald’s Corporation during the second quarter worth approximately $163,000. 67.90% of the stock is currently owned by institutional investors.

McDonald’s Corporation (NYSE:MCD) traded up 0.74% during trading on Friday, reaching $122.78. 2,592,192 shares of the company’s stock traded hands. The firm has a 50 day moving average of $121.88 and a 200 day moving average of $118.18. McDonald’s Corporation has a 1-year low of $110.33 and a 1-year high of $131.96. The firm has a market capitalization of $101.96 billion, a PE ratio of 22.57 and a beta of 0.67.

McDonald’s Corporation (NYSE:MCD) last announced its quarterly earnings results on Monday, January 23rd. The fast-food giant reported $1.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.41 by $0.03. The business earned $6.03 billion during the quarter, compared to the consensus estimate of $5.99 billion. McDonald’s Corporation had a net margin of 18.93% and a return on equity of 514.39%. The business’s revenue was down 4.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.31 EPS. Equities analysts forecast that McDonald’s Corporation will post $6.17 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 15th. Stockholders of record on Wednesday, March 1st will be issued a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 3.09%. McDonald’s Corporation’s dividend payout ratio is presently 69.37%.

MCD has been the topic of a number of research reports. Zacks Investment Research lowered shares of McDonald’s Corporation from a “buy” rating to a “hold” rating in a research report on Monday, November 14th. Vetr lowered shares of McDonald’s Corporation from a “buy” rating to a “hold” rating and set a $114.15 target price on the stock. in a research report on Monday, October 3rd. Morgan Stanley set a $127.00 target price on shares of McDonald’s Corporation and gave the stock a “neutral” rating in a research report on Tuesday, January 17th. Canaccord Genuity reaffirmed a “hold” rating and set a $122.00 target price on shares of McDonald’s Corporation in a research report on Sunday, October 23rd. Finally, Nomura set a $126.00 price objective on shares of McDonald’s Corporation and gave the company a “neutral” rating in a research note on Monday, October 24th. Three analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $127.45.

In other news, VP James R. Sappington sold 8,298 shares of the stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $118.08, for a total value of $979,827.84. Following the completion of the transaction, the vice president now owns 14,750 shares in the company, valued at approximately $1,741,680. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.28% of the company’s stock.

McDonald’s Corporation Company Profile

McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally-relevant menu of quality food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets and Foundational Markets and Corporate.

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