HM Payson & Co. Has $46.01 Million Position in Mcdonald’s Corp (NYSE:MCD)

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HM Payson & Co. boosted its holdings in Mcdonald’s Corp (NYSE:MCD) by 0.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 293,607 shares of the fast-food giant’s stock after purchasing an additional 1,115 shares during the quarter. Mcdonald’s comprises 2.0% of HM Payson & Co.’s holdings, making the stock its 12th largest holding. HM Payson & Co.’s holdings in Mcdonald’s were worth $46,006,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. FMR LLC boosted its position in shares of Mcdonald’s by 5.5% during the second quarter. FMR LLC now owns 19,483,955 shares of the fast-food giant’s stock valued at $3,052,941,000 after buying an additional 1,014,792 shares during the last quarter. Fundsmith Equity Fund L.P. purchased a new position in Mcdonald’s in the second quarter worth $1,191,239,000. Janus Henderson Group PLC boosted its position in Mcdonald’s by 5.4% in the second quarter. Janus Henderson Group PLC now owns 8,107,972 shares of the fast-food giant’s stock worth $1,270,446,000 after purchasing an additional 412,750 shares during the last quarter. Magellan Asset Management Ltd boosted its position in Mcdonald’s by 0.4% in the second quarter. Magellan Asset Management Ltd now owns 5,955,794 shares of the fast-food giant’s stock worth $933,213,000 after purchasing an additional 20,873 shares during the last quarter. Finally, Morgan Stanley boosted its position in Mcdonald’s by 9.6% in the second quarter. Morgan Stanley now owns 5,947,311 shares of the fast-food giant’s stock worth $931,884,000 after purchasing an additional 522,333 shares during the last quarter. Institutional investors and hedge funds own 66.98% of the company’s stock.

Mcdonald’s stock traded up $0.85 during midday trading on Friday, hitting $163.82. 3,402,828 shares of the company’s stock were exchanged, compared to its average volume of 4,032,916. Mcdonald’s Corp has a 52-week low of $146.84 and a 52-week high of $178.70. The company has a quick ratio of 1.45, a current ratio of 1.47 and a debt-to-equity ratio of -5.24. The stock has a market cap of $129.78 billion, a price-to-earnings ratio of 24.60, a PEG ratio of 2.49 and a beta of 0.66.

Mcdonald’s (NYSE:MCD) last posted its earnings results on Thursday, July 26th. The fast-food giant reported $1.99 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.92 by $0.07. Mcdonald’s had a negative return on equity of 133.89% and a net margin of 25.26%. The business had revenue of $5.35 billion during the quarter, compared to analysts’ expectations of $5.32 billion. During the same period in the previous year, the business earned $1.73 earnings per share. The firm’s revenue was down 11.5% on a year-over-year basis. On average, research analysts anticipate that Mcdonald’s Corp will post 7.65 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Monday, December 3rd will be issued a $1.16 dividend. This is a boost from Mcdonald’s’s previous quarterly dividend of $1.01. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date is Friday, November 30th. Mcdonald’s’s dividend payout ratio is presently 60.66%.

MCD has been the topic of several research analyst reports. Royal Bank of Canada set a $175.00 price objective on Mcdonald’s and gave the stock a “buy” rating in a research report on Friday, September 14th. Goldman Sachs Group reissued a “buy” rating and issued a $192.00 price objective on shares of Mcdonald’s in a research report on Friday, October 5th. ValuEngine raised Mcdonald’s from a “hold” rating to a “buy” rating in a research report on Thursday. Wells Fargo & Co boosted their price objective on Mcdonald’s from $180.00 to $185.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 8th. Finally, Guggenheim upgraded Mcdonald’s from a “neutral” rating to a “buy” rating and set a $200.00 target price on the stock in a research note on Wednesday. They noted that the move was a valuation call. Seven investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $183.29.

About Mcdonald’s

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, 2017, the company operated 37,241 restaurants, including 34,108 franchised restaurants comprising 21,366 franchised to conventional franchisees, 6,945 licensed to developmental licensees, and 5,797 licensed to foreign affiliates; and 3,133 company-operated restaurants.

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

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