Trading Report: The Hutchens Investment Management Inc Acquires 14,580 Shares of McDonald’s Corp. (MCD)

The Hutchens Investment Management Inc Acquires 14,580  Shares of McDonald’s Corp. (MCD)

Hutchens Investment Management Inc bought a new stake in shares of McDonald’s Corp. (NYSE:MCD) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 14,580 shares of the fast-food giant’s stock, valued at approximately $1,754,000.

Several other large investors also recently made changes to their positions in MCD. GW&K Investment Management LLC increased its stake in shares of McDonald’s Corp. by 5.3% in the first quarter. GW&K Investment Management LLC now owns 63,980 shares of the fast-food giant’s stock valued at $8,041,000 after buying an additional 3,230 shares in the last quarter. Parasol Investment Management LLC increased its stake in shares of McDonald’s Corp. by 3.6% in the first quarter. Parasol Investment Management LLC now owns 4,895 shares of the fast-food giant’s stock valued at $615,000 after buying an additional 169 shares in the last quarter. Boston Advisors LLC increased its stake in shares of McDonald’s Corp. by 3.8% in the first quarter. Boston Advisors LLC now owns 8,210 shares of the fast-food giant’s stock valued at $1,032,000 after buying an additional 300 shares in the last quarter. Ronna Sue Cohen increased its stake in shares of McDonald’s Corp. by 0.3% in the first quarter. Ronna Sue Cohen now owns 15,126 shares of the fast-food giant’s stock valued at $1,901,000 after buying an additional 46 shares in the last quarter. Finally, Carroll Financial Associates Inc. increased its stake in shares of McDonald’s Corp. by 2.9% in the first quarter. Carroll Financial Associates Inc. now owns 11,307 shares of the fast-food giant’s stock valued at $1,421,000 after buying an additional 316 shares in the last quarter. 69.10% of the stock is owned by institutional investors and hedge funds.

McDonald’s Corp. (NYSE:MCD) traded down 0.41% during midday trading on Friday, hitting $113.45. The stock had a trading volume of 4,153,139 shares. The company has a 50-day moving average of $115.46 and a 200-day moving average of $121.70. The stock has a market cap of $96.81 billion, a price-to-earnings ratio of 21.66 and a beta of 0.61. McDonald’s Corp. has a 1-year low of $101.60 and a 1-year high of $131.96.

McDonald’s Corp. (NYSE:MCD) last issued its quarterly earnings results on Tuesday, July 26th. The fast-food giant reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.06. The business earned $6.27 billion during the quarter, compared to analysts’ expectations of $6.28 billion. McDonald’s Corp. had a return on equity of 97.56% and a net margin of 18.73%. The firm’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.26 earnings per share. Equities research analysts forecast that McDonald’s Corp. will post $5.56 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be paid a $0.94 dividend. This is a boost from McDonald’s Corp.’s previous quarterly dividend of $0.89. This represents a $3.76 annualized dividend and a dividend yield of 3.31%. The ex-dividend date is Tuesday, November 29th. McDonald’s Corp.’s payout ratio is 68.59%.

MCD has been the subject of several analyst reports. Nomura downgraded McDonald’s Corp. from a “buy” rating to a “neutral” rating and reduced their target price for the company from $142.00 to $129.00 in a report on Wednesday, June 22nd. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of McDonald’s Corp. in a report on Wednesday, June 22nd. Credit Suisse Group AG reduced their target price on McDonald’s Corp. from $135.00 to $130.00 and set an “outperform” rating for the company in a report on Monday, June 27th. Robert W. Baird reaffirmed a “neutral” rating and set a $126.00 target price (down from $130.00) on shares of McDonald’s Corp. in a report on Wednesday, June 29th. Finally, Cleveland Research lowered McDonald’s Corp. from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 6th. Two equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. McDonald’s Corp. presently has a consensus rating of “Hold” and an average price target of $125.85.

In related news, Chairman Andrew J. Mckenna sold 70,000 shares of the business’s stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $118.28, for a total value of $8,279,600.00. Following the completion of the sale, the chairman now directly owns 108,841 shares in the company, valued at $12,873,713.48. The sale was disclosed in a filing with the SEC, which is available at this link. 0.28% of the stock is owned by corporate insiders.

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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