Trade Report: Today, Enterprise Financial Services Corp Buys 176 Shares of McDonald’s Corp. (MCD)

Today, Enterprise Financial Services Corp Buys 176 Shares of McDonald’s Corp. (MCD)

Enterprise Financial Services Corp boosted its position in McDonald’s Corp. (NYSE:MCD) by 2.2% during the third quarter, Holdings Channel reports. The fund owned 8,019 shares of the fast-food giant’s stock after buying an additional 176 shares during the period. Enterprise Financial Services Corp’s holdings in McDonald’s Corp. were worth $925,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. increased its stake in McDonald’s Corp. 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. UBS Asset Management Americas Inc. increased its stake in McDonald’s Corp. by 15.1% in the second quarter. UBS Asset Management Americas Inc. now owns 3,952,572 shares of the fast-food giant’s stock worth $475,653,000 after buying an additional 519,237 shares during the last quarter. Kentucky Retirement Systems purchased a new stake in McDonald’s Corp. during the second quarter worth $8,984,000. Pennsylvania Trust Co increased its stake in McDonald’s Corp. by 3.3% in the second quarter. Pennsylvania Trust Co now owns 108,250 shares of the fast-food giant’s stock worth $13,027,000 after buying an additional 3,477 shares during the last quarter. Finally, Oakbrook Investments LLC increased its stake in McDonald’s Corp. 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 69.04% of the company’s stock.

Shares of McDonald’s Corp. (NYSE:MCD) traded up 0.43% on Friday, reaching $120.66. The company had a trading volume of 1,709,105 shares. The stock has a market cap of $100.20 billion, a PE ratio of 22.67 and a beta of 0.63. McDonald’s Corp. has a 12 month low of $110.33 and a 12 month high of $131.96. The stock has a 50-day moving average price of $114.67 and a 200-day moving average price of $118.67.

McDonald’s Corp. (NYSE:MCD) last released its quarterly earnings results on Friday, October 21st. The fast-food giant reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.13. The business earned $6.42 billion during the quarter, compared to the consensus estimate of $6.28 billion. McDonald’s Corp. had a return on equity of 197.51% and a net margin of 18.74%. The company’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.40 EPS. Analysts predict that McDonald’s Corp. will post $5.69 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be paid a dividend of $0.94 per share. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $3.76 dividend on an annualized basis and a yield of 3.12%. This is an increase from McDonald’s Corp.’s previous quarterly dividend of $0.89. McDonald’s Corp.’s payout ratio is 67.30%.

A number of equities research analysts have recently weighed in on MCD shares. Credit Suisse Group AG restated an “outperform” rating and set a $132.00 target price on shares of McDonald’s Corp. in a research report on Friday, September 16th. RBC Capital Markets set a $140.00 target price on McDonald’s Corp. and gave the stock a “buy” rating in a research report on Thursday, November 17th. Zacks Investment Research upgraded McDonald’s Corp. from a “hold” rating to a “buy” rating and set a $132.00 target price for the company in a research report on Tuesday, November 15th. Robert W. Baird restated an “outperform” rating on shares of McDonald’s Corp. in a research report on Thursday, September 8th. Finally, Vetr upgraded McDonald’s Corp. from a “hold” rating to a “buy” rating and set a $121.01 target price for the company in a research report on Wednesday, September 28th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $126.51.

In other news, VP James R. Sappington sold 8,298 shares of the business’s stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $118.08, for a total value of $979,827.84. Following the transaction, the vice president now owns 14,750 shares in the company, valued at approximately $1,741,680. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Andrew J. Mckenna sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, October 24th. The stock was sold at an average price of $113.48, for a total value of $3,404,400.00. Following the completion of the transaction, the chairman now owns 72,514 shares in the company, valued at approximately $8,228,888.72. The disclosure for this sale can be found here. Company insiders own 0.28% of the company’s stock.

About McDonald’s Corp.

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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