Todays Report: The McDonald’s Corp. (MCD) Position Increased by Nelson Roberts Investment Advisors LLC

The McDonald’s Corp. (MCD) Position Increased by Nelson Roberts Investment Advisors LLC

Nelson Roberts Investment Advisors LLC boosted its position in shares of McDonald’s Corp. (NYSE:MCD) by 0.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,647 shares of the fast-food giant’s stock after buying an additional 7 shares during the period. Nelson Roberts Investment Advisors LLC’s holdings in McDonald’s Corp. were worth $319,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Invictus RG boosted its position in McDonald’s Corp. by 364.1% in the first quarter. Invictus RG now owns 919 shares of the fast-food giant’s stock worth $115,000 after buying an additional 721 shares during the last quarter. Glassman Wealth Services boosted its position in McDonald’s Corp. by 27.4% in the second quarter. Glassman Wealth Services now owns 930 shares of the fast-food giant’s stock worth $112,000 after buying an additional 200 shares during the last quarter. RPg Family Wealth Advisory LLC boosted its position in McDonald’s Corp. by 572.4% in the first quarter. RPg Family Wealth Advisory LLC now owns 975 shares of the fast-food giant’s stock worth $123,000 after buying an additional 830 shares during the last quarter. MU Investments Co. Ltd. acquired a new position in McDonald’s Corp. during the second quarter worth about $163,000. Finally, Cypress Capital Management LLC WY acquired a new position in McDonald’s Corp. during the second quarter worth about $178,000. 69.10% of the stock is owned by institutional investors and hedge funds.

Shares of McDonald’s Corp. (NYSE:MCD) opened at 113.45 on Friday. The company has a market cap of $96.81 billion, a P/E ratio of 21.66 and a beta of 0.61. McDonald’s Corp. has a 52-week low of $101.60 and a 52-week high of $131.96. The company has a 50-day moving average price of $115.46 and a 200-day moving average price of $121.70.

McDonald’s Corp. (NYSE:MCD) last posted its earnings results on Tuesday, July 26th. The fast-food giant reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.06. McDonald’s Corp. had a return on equity of 97.56% and a net margin of 18.73%. The company had revenue of $6.27 billion for the quarter, compared to the consensus estimate of $6.28 billion. During the same quarter in the prior year, the company earned $1.26 earnings per share. McDonald’s Corp.’s revenue was down 3.6% on a year-over-year basis. On average, equities analysts predict that McDonald’s Corp. will post $5.56 EPS for the current year.

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

A number of research firms have issued reports on MCD. RBC Capital Markets restated a “buy” rating and set a $140.00 price target on shares of McDonald’s Corp. in a report on Friday, July 22nd. Jefferies Group set a $115.00 target price on McDonald’s Corp. and gave the stock a “neutral” rating in a report on Tuesday, July 26th. Nomura set a $129.00 target price on McDonald’s Corp. and gave the stock a “neutral” rating in a report on Wednesday, July 20th. Wells Fargo & Co. reiterated a “market perform” rating on shares of McDonald’s Corp. in a report on Wednesday, July 20th. Finally, Zacks Investment Research upgraded McDonald’s Corp. from a “sell” rating to a “hold” rating in a report on Thursday, July 21st. Two equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and thirteen have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $125.85.

In other McDonald’s Corp. news, Chairman Andrew J. Mckenna sold 70,000 shares of the stock in a transaction dated 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 transaction, the chairman now owns 108,841 shares of the company’s stock, valued at $12,873,713.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.28% of the stock is owned by company insiders.

McDonald’s Corp. Company Profile

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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