Mcdonald’s Corp (MCD) Shares Sold by Cpwm LLC

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Cpwm LLC decreased its position in Mcdonald’s Corp (NYSE:MCD) by 51.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,326 shares of the fast-food giant’s stock after selling 3,469 shares during the quarter. Cpwm LLC’s holdings in Mcdonald’s were worth $556,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Fundsmith Equity Fund L.P. acquired a new stake in shares of Mcdonald’s during the second quarter worth $1,191,239,000. Bank of New York Mellon Corp raised its position in shares of Mcdonald’s by 6,582,167.8% during the third quarter. Bank of New York Mellon Corp now owns 7,964,544 shares of the fast-food giant’s stock worth $1,332,390,000 after purchasing an additional 7,964,423 shares during the period. AustralianSuper Pty Ltd acquired a new stake in shares of Mcdonald’s during the second quarter worth $179,723,000. FMR LLC raised 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 worth $3,052,941,000 after purchasing an additional 1,014,792 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec raised its position in shares of Mcdonald’s by 30.3% during the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,808,550 shares of the fast-food giant’s stock worth $440,072,000 after purchasing an additional 652,752 shares during the period. Institutional investors and hedge funds own 67.22% of the company’s stock.

NYSE:MCD opened at $182.96 on Friday. The firm has a market cap of $142.65 billion, a P/E ratio of 27.47, a price-to-earnings-growth ratio of 2.71 and a beta of 0.55. Mcdonald’s Corp has a 1-year low of $146.84 and a 1-year high of $190.88.

Mcdonald’s (NYSE:MCD) last posted its quarterly earnings results on Tuesday, October 23rd. The fast-food giant reported $2.10 earnings per share for the quarter, beating the consensus estimate of $1.99 by $0.11. Mcdonald’s had a negative return on equity of 116.43% and a net margin of 24.56%. The firm had revenue of $5.37 billion for the quarter, compared to analyst estimates of $5.28 billion. During the same period in the previous year, the firm earned $1.76 earnings per share. Mcdonald’s’s quarterly revenue was down 6.7% on a year-over-year basis. Equities analysts predict that Mcdonald’s Corp will post 7.76 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 3rd will be paid a $1.16 dividend. The ex-dividend date of this dividend is Friday, November 30th. This represents a $4.64 dividend on an annualized basis and a yield of 2.54%. This is an increase from Mcdonald’s’s previous quarterly dividend of $1.01. Mcdonald’s’s payout ratio is 69.67%.

In other Mcdonald’s news, insider Ian Frederick Borden sold 4,782 shares of the business’s stock in a transaction dated Thursday, October 25th. The stock was sold at an average price of $177.68, for a total value of $849,665.76. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Stephen Easterbrook sold 201,123 shares of the business’s stock in a transaction dated Wednesday, October 24th. The shares were sold at an average price of $175.63, for a total value of $35,323,232.49. Following the completion of the transaction, the chief executive officer now owns 48,925 shares in the company, valued at approximately $8,592,697.75. The disclosure for this sale can be found here. Insiders sold 221,041 shares of company stock worth $38,839,407 in the last 90 days. Corporate insiders own 0.22% of the company’s stock.

MCD has been the topic of a number of recent analyst reports. Gordon Haskett initiated coverage on Mcdonald’s in a research report on Thursday, October 18th. They set a “buy” rating and a $185.00 target price on the stock. Piper Jaffray Companies boosted their target price on Mcdonald’s to $194.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 28th. Cowen boosted their target price on Mcdonald’s from $190.00 to $205.00 and gave the stock an “outperform” rating in a research report on Friday, November 9th. Royal Bank of Canada reaffirmed a “buy” rating and set a $175.00 target price on shares of Mcdonald’s in a research report on Thursday, September 27th. Finally, ValuEngine raised Mcdonald’s from a “hold” rating to a “buy” rating in a research report on Thursday, October 11th. Seven research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $191.69.

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Mcdonald’s 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, 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.

See Also: What is a Futures Contract?

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

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