McDonald’s Corporation (MCD) Stake Reduced by Dixon Hubard Feinour & Brown Inc. VA

McDonald’s Corporation (MCD) Stake Reduced by Dixon Hubard Feinour & Brown Inc. VA

Dixon Hubard Feinour & Brown Inc. VA decreased its stake in McDonald’s Corporation (NYSE:MCD) by 4.6% during the third quarter, Holdings Channel reports. The fund owned 7,338 shares of the fast-food giant’s stock after selling 350 shares during the period. Dixon Hubard Feinour & Brown Inc. VA’s holdings in McDonald’s Corporation were worth $847,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in MCD. LS Investment Advisors LLC raised its stake in McDonald’s Corporation by 8.0% in the second quarter. LS Investment Advisors LLC now owns 56,431 shares of the fast-food giant’s stock worth $6,791,000 after buying an additional 4,198 shares during the last quarter. Dynamic Advisors Solutions LLC raised its stake in McDonald’s Corporation by 4.5% in the second quarter. Dynamic Advisors Solutions LLC now owns 2,153 shares of the fast-food giant’s stock worth $259,000 after buying an additional 92 shares during the last quarter. Old Mutual Global Investors UK Ltd. raised its stake in McDonald’s Corporation by 33.0% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 16,807 shares of the fast-food giant’s stock worth $2,022,000 after buying an additional 4,167 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in McDonald’s Corporation by 33.3% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,074,266 shares of the fast-food giant’s stock worth $129,275,000 after buying an additional 268,464 shares during the last quarter. Finally, Oakbrook Investments LLC raised its stake in McDonald’s Corporation by 3.7% in the second quarter. Oakbrook Investments LLC now owns 87,291 shares of the fast-food giant’s stock worth $10,505,000 after buying an additional 3,100 shares during the last quarter. Institutional investors own 67.90% of the company’s stock.

Shares of McDonald’s Corporation (NYSE:MCD) traded up 0.86% during trading on Friday, hitting $122.93. 2,721,221 shares of the company were exchanged. The stock has a market capitalization of $102.09 billion, a PE ratio of 22.60 and a beta of 0.67. McDonald’s Corporation has a 1-year low of $110.33 and a 1-year high of $131.96. The company has a 50 day moving average of $121.88 and a 200-day moving average of $118.18.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Wednesday, March 1st will be given a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a yield of 3.09%. McDonald’s Corporation’s dividend payout ratio is currently 69.37%.

A number of brokerages have weighed in on MCD. Credit Suisse Group reissued an “outperform” rating and set a $128.00 price target on shares of McDonald’s Corporation in a research note on Friday, December 23rd. Zacks Investment Research lowered McDonald’s Corporation from a “buy” rating to a “hold” rating in a research note on Monday, December 19th. RBC Capital Markets restated an “outperform” rating and set a $145.00 price objective on shares of McDonald’s Corporation in a report on Friday, December 23rd. Stephens restated an “overweight” rating and set a $135.00 price objective on shares of McDonald’s Corporation in a report on Monday, December 19th. Finally, Nomura set a $136.00 price objective on McDonald’s Corporation and gave the stock a “buy” rating in a report on Wednesday, January 18th. Three research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have given a buy rating to the company. McDonald’s Corporation has an average rating of “Hold” and a consensus target price of $127.45.

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

About McDonald’s Corporation

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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