Todays Report: Today, Flossbach Von Storch AG Sold shares of McDonald’s Corp. (MCD)

Today, Flossbach Von Storch AG Sold shares of McDonald’s Corp. (MCD)

Flossbach Von Storch AG decreased its stake in McDonald’s Corp. (NYSE:MCD) by 24.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,278 shares of the fast-food giant’s stock after selling 35,000 shares during the period. Flossbach Von Storch AG’s holdings in McDonald’s Corp. were worth $12,491,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of MCD. Clarkston Capital Partners LLC raised its stake in shares of McDonald’s Corp. by 9.1% in the third quarter. Clarkston Capital Partners LLC now owns 8,379 shares of the fast-food giant’s stock valued at $967,000 after buying an additional 700 shares during the last quarter. DnB Asset Management AS raised its stake in McDonald’s Corp. by 4.6% in the third quarter. DnB Asset Management AS now owns 96,906 shares of the fast-food giant’s stock valued at $11,179,000 after buying an additional 4,300 shares in the last quarter. V Wealth Management LLC raised its stake in McDonald’s Corp. by 0.9% in the third quarter. V Wealth Management LLC now owns 3,039 shares of the fast-food giant’s stock valued at $357,000 after buying an additional 26 shares in the last quarter. Mesirow Financial Investment Management Equity Management acquired a new stake in McDonald’s Corp. during the third quarter valued at approximately $418,000. Finally, Old Mutual Global Investors UK Ltd. raised its stake in McDonald’s Corp. by 7.0% in the third quarter. Old Mutual Global Investors UK Ltd. now owns 17,983 shares of the fast-food giant’s stock valued at $2,074,000 after buying an additional 1,176 shares in the last quarter. Institutional investors own 69.04% of the company’s stock.

Shares of McDonald’s Corp. (NYSE:MCD) traded up 0.43% during mid-day trading on Friday, reaching $120.66. 1,709,105 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $114.67 and a 200-day moving average price of $118.67. McDonald’s Corp. has a 1-year low of $110.33 and a 1-year high of $131.96. The company has a market capitalization of $100.20 billion, a P/E ratio of 22.67 and a beta of 0.63.

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 for the quarter, beating the Zacks’ consensus estimate of $1.49 by $0.13. McDonald’s Corp. had a return on equity of 197.51% and a net margin of 18.74%. The business earned $6.42 billion during the quarter, compared to analyst estimates of $6.28 billion. During the same quarter last year, the company posted $1.40 EPS. McDonald’s Corp.’s revenue for the quarter was down 2.9% on a year-over-year basis. On average, equities research analysts forecast that McDonald’s Corp. will post $5.69 earnings per share for the current fiscal year.

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

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

In other McDonald’s Corp. news, VP James R. Sappington sold 8,298 shares of the firm’s stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $118.08, for a total transaction of $979,827.84. Following the completion of the sale, the vice president now directly owns 14,750 shares in the company, valued at approximately $1,741,680. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Andrew J. Mckenna sold 30,000 shares of the firm’s stock in a transaction dated 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 sale, the chairman now owns 72,514 shares of the company’s stock, valued at $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.

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