Today, McDonald’s Corp. (MCD) Position Decreased by World Asset Management Inc

Today, McDonald’s Corp. (MCD) Position Decreased by World Asset Management Inc

World Asset Management Inc lowered its position in shares of McDonald’s Corp. (NYSE:MCD) by 3.4% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 91,881 shares of the fast-food giant’s stock after selling 3,255 shares during the period. World Asset Management Inc’s holdings in McDonald’s Corp. were worth $10,599,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Pensionfund DSM Netherlands acquired a new stake in shares of McDonald’s Corp. during the second quarter valued at approximately $6,739,000. Pensionfund Sabic acquired a new stake in shares of McDonald’s Corp. during the second quarter valued at approximately $3,105,000. Integrated Investment Consultants LLC boosted its stake in shares of McDonald’s Corp. by 9.7% in the second quarter. Integrated Investment Consultants LLC now owns 5,637 shares of the fast-food giant’s stock valued at $678,000 after buying an additional 500 shares during the period. First National Bank & Trust Co. of Newtown boosted its stake in shares of McDonald’s Corp. by 0.5% in the second quarter. First National Bank & Trust Co. of Newtown now owns 15,569 shares of the fast-food giant’s stock valued at $1,901,000 after buying an additional 80 shares during the period. Finally, First PREMIER Bank boosted its stake in shares of McDonald’s Corp. by 2.0% in the second quarter. First PREMIER Bank now owns 17,174 shares of the fast-food giant’s stock valued at $2,067,000 after buying an additional 340 shares during the period. Institutional investors and hedge funds 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, hitting $120.66. The stock had a trading volume of 1,709,105 shares. The firm has a market cap of $100.20 billion, a PE ratio of 22.67 and a beta of 0.63. 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. has a 52 week low of $110.33 and a 52 week high of $131.96.

McDonald’s Corp. (NYSE:MCD) last issued its earnings results on Friday, October 21st. The fast-food giant reported $1.62 EPS for the quarter, topping the Thomson Reuters’ 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 company earned $6.42 billion during the quarter, compared to the consensus estimate of $6.28 billion. During the same period in the previous year, the company posted $1.40 EPS. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. Equities research analysts expect that McDonald’s Corp. will post $5.69 EPS for the current fiscal year.

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

Several equities research analysts have commented on MCD shares. Vetr upgraded shares of McDonald’s Corp. from a “hold” rating to a “buy” rating and set a $121.01 price target on the stock in a research report on Monday, September 5th. Piper Jaffray Cos. reiterated a “buy” rating and issued a $140.00 price target on shares of McDonald’s Corp. in a research report on Friday, August 5th. Deutsche Bank AG reiterated a “buy” rating on shares of McDonald’s Corp. in a research report on Wednesday, August 10th. Zacks Investment Research upgraded shares of McDonald’s Corp. from a “hold” rating to a “buy” rating and set a $131.00 price target on the stock in a research report on Tuesday, September 27th. Finally, JPMorgan Chase & Co. set a $127.00 price target on shares of McDonald’s Corp. and gave the stock a “buy” rating in a research report on Monday, October 24th. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and sixteen have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $126.51.

In related news, Chairman Andrew J. Mckenna sold 30,000 shares of McDonald’s Corp. stock in a transaction that occurred on Monday, October 24th. The stock was sold at an average price of $113.48, for a total transaction of $3,404,400.00. Following the completion of the sale, the chairman now directly owns 72,514 shares of the company’s stock, valued at approximately $8,228,888.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP James R. Sappington sold 8,298 shares of McDonald’s Corp. 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 sale, the vice president now directly owns 14,750 shares of the company’s stock, valued at $1,741,680. The disclosure for this sale can be found here. Corporate insiders own 0.28% of the company’s stock.

McDonald’s Corp. Company Profile

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