McDonald’s Co. (MCD) Shares Reduced by LGT Capital Partners LTD.

McDonald’s Co. (MCD) Shares Reduced by LGT Capital Partners LTD.

LGT Capital Partners LTD. cut its position in shares of McDonald's Co. (NYSE:MCD) by 34.8% during the first quarter, Holdings Channel reports. The fund owned 37,700 shares of the fast-food giant’s stock after selling 20,150 shares during the period. LGT Capital Partners LTD.’s holdings in McDonald's Co. were worth $4,886,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of MCD. Massey Quick & Co. LLC bought a new position in McDonald's Co. during the fourth quarter worth about $119,000. Zions Bancorporation raised its position in McDonald's Co. by 0.6% in the fourth quarter. Zions Bancorporation now owns 1,069 shares of the fast-food giant’s stock worth $130,000 after buying an additional 6 shares during the period. Thomas J. Herzfeld Advisors Inc. bought a new position in McDonald's Co. during the fourth quarter worth about $131,000. D Orazio & Associates Inc. raised its position in McDonald's Co. by 0.7% in the fourth quarter. D Orazio & Associates Inc. now owns 1,090 shares of the fast-food giant’s stock worth $133,000 after buying an additional 8 shares during the period. Finally, Hall Laurie J Trustee bought a new position in McDonald's Co. during the fourth quarter worth about $153,000. 67.19% of the stock is owned by institutional investors and hedge funds.

McDonald's Co. (NYSE MCD) traded up 0.64% during trading on Wednesday, reaching $150.89. The company’s stock had a trading volume of 6,419,624 shares. The stock has a market capitalization of $122.99 billion, a price-to-earnings ratio of 26.64 and a beta of 0.69. The firm has a 50 day moving average of $141.74 and a 200 day moving average of $128.68. McDonald's Co. has a 52 week low of $110.33 and a 52 week high of $151.15.

McDonald's Co. (NYSE:MCD) last released its quarterly earnings results on Tuesday, April 25th. The fast-food giant reported $1.47 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.14. The company had revenue of $5.68 billion for the quarter, compared to analysts’ expectations of $5.53 billion. McDonald's Co. had a return on equity of 514.39% and a net margin of 18.93%. The business’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.23 earnings per share. Analysts expect that McDonald's Co. will post $6.38 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 19th. Stockholders of record on Monday, June 5th will be issued a dividend of $0.94 per share. The ex-dividend date of this dividend is Thursday, June 1st. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.49%. McDonald's Co.’s dividend payout ratio (DPR) is presently 69.37%.

A number of research analysts recently issued reports on MCD shares. Stephens reiterated an “overweight” rating and issued a $140.00 target price (up from $135.00) on shares of McDonald's Co. in a report on Tuesday, January 31st. Stifel Nicolaus set a $120.00 target price on McDonald's Co. and gave the company a “neutral” rating in a report on Thursday, February 2nd. JPMorgan Chase & Co. set a $130.00 target price on McDonald's Co. and gave the company a “buy” rating in a report on Thursday, February 2nd. Vetr upgraded McDonald's Co. from a “sell” rating to a “hold” rating and set a $124.33 target price for the company in a report on Thursday, February 2nd. Finally, Robert W. Baird set a $130.00 target price on McDonald's Co. and gave the company a “buy” rating in a report on Tuesday, February 7th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $142.18.

In related news, Director John J. Mulligan acquired 1,600 shares of the stock in a transaction that occurred on Wednesday, March 22nd. The shares were acquired at an average price of $128.94 per share, for a total transaction of $206,304.00. Following the completion of the purchase, the director now directly owns 1,600 shares of the company’s stock, valued at $206,304. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP James R. Sappington sold 13,912 shares of the firm’s stock in a transaction that occurred on Thursday, April 27th. The shares were sold at an average price of $141.39, for a total transaction of $1,967,017.68. Following the transaction, the vice president now owns 14,608 shares in the company, valued at approximately $2,065,425.12. The disclosure for this sale can be found here. Insiders own 0.28% of the company’s stock.

About McDonald's Co.

McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “MCD”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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