McDonald’s Corporation (NYSE:MCD) Shares Bought by Good Life Advisors LLC

Good Life Advisors LLC grew its stake in shares of McDonald’s Corporation (NYSE:MCD) by 24.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,520 shares of the fast-food giant’s stock after purchasing an additional 502 shares during the period. Good Life Advisors LLC’s holdings in McDonald’s Corporation were worth $328,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of MCD. Diversified Trust Co boosted its holdings in shares of McDonald’s Corporation by 0.3% during the 1st quarter. Diversified Trust Co now owns 1,986 shares of the fast-food giant’s stock valued at $257,000 after buying an additional 6 shares in the last quarter. Van Cleef Asset Management Inc grew its holdings in McDonald’s Corporation by 0.4% in the first quarter. Van Cleef Asset Management Inc now owns 2,550 shares of the fast-food giant’s stock worth $331,000 after purchasing an additional 11 shares during the period. Hudson Valley Investment Advisors Inc. ADV increased its stake in shares of McDonald’s Corporation by 0.5% during the first quarter. Hudson Valley Investment Advisors Inc. ADV now owns 5,014 shares of the fast-food giant’s stock valued at $650,000 after purchasing an additional 25 shares in the last quarter. BTR Capital Management Inc. lifted its holdings in shares of McDonald’s Corporation by 0.7% during the first quarter. BTR Capital Management Inc. now owns 4,531 shares of the fast-food giant’s stock valued at $587,000 after purchasing an additional 31 shares during the last quarter. Finally, First Command Financial Services Inc. boosted its position in shares of McDonald’s Corporation by 1.8% in the 1st quarter. First Command Financial Services Inc. now owns 2,423 shares of the fast-food giant’s stock worth $314,000 after purchasing an additional 44 shares in the last quarter. Institutional investors and hedge funds own 67.92% of the company’s stock.

Shares of McDonald’s Corporation (NYSE:MCD) opened at 158.91 on Friday. The stock has a market capitalization of $128.72 billion, a PE ratio of 26.01 and a beta of 0.70. McDonald’s Corporation has a 1-year low of $110.33 and a 1-year high of $161.72. The firm has a 50-day moving average price of $157.70 and a 200-day moving average price of $147.07.

McDonald’s Corporation (NYSE:MCD) last released its earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.62 by $0.08. The firm had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.96 billion. McDonald’s Corporation had a negative return on equity of 264.89% and a net margin of 21.00%. The business’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.45 earnings per share. On average, equities research analysts forecast that McDonald’s Corporation will post $6.55 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a $1.01 dividend. This is a positive change from McDonald’s Corporation’s previous quarterly dividend of $0.94. This represents a $4.04 annualized dividend and a yield of 2.54%. The ex-dividend date is Thursday, November 30th. McDonald’s Corporation’s dividend payout ratio is presently 61.54%.

A number of analysts have weighed in on MCD shares. Royal Bank Of Canada set a $170.00 price objective on shares of McDonald’s Corporation and gave the company a “buy” rating in a research note on Thursday, June 22nd. Mizuho reaffirmed a “buy” rating and issued a $173.00 price objective (up from $170.00) on shares of McDonald’s Corporation in a research report on Wednesday, September 13th. Zacks Investment Research raised McDonald’s Corporation from a “hold” rating to a “buy” rating and set a $172.00 target price for the company in a report on Tuesday, June 27th. Deutsche Bank AG increased their price objective on McDonald’s Corporation from $155.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, July 10th. Finally, Robert W. Baird restated a “buy” rating and set a $170.00 target price on shares of McDonald’s Corporation in a research note on Friday, September 1st. Twelve analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $162.26.

In other McDonald’s Corporation news, insider Joseph M. Erlinger sold 10,793 shares of the business’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $154.44, for a total transaction of $1,666,870.92. Following the completion of the sale, the insider now owns 7,318 shares of the company’s stock, valued at $1,130,191.92. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Douglas M. Goare sold 17,286 shares of the business’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $158.50, for a total value of $2,739,831.00. The disclosure for this sale can be found here. Insiders sold 69,938 shares of company stock valued at $11,033,009 over the last quarter. Insiders own 0.24% of the company’s stock.

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McDonald’s Corporation Profile

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.

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

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