Trade Report: The Shell Asset Management Co. invests in McDonald’s Corp. (MCD) Shares

The Shell Asset Management Co. invests in McDonald’s Corp. (MCD) Shares

Shell Asset Management Co. increased its position in McDonald’s Corp. (NYSE:MCD) by 5.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 335,799 shares of the fast-food giant’s stock after buying an additional 18,539 shares during the period. McDonald’s Corp. comprises approximately 0.9% of Shell Asset Management Co.’s portfolio, making the stock its 13th largest position. Shell Asset Management Co.’s holdings in McDonald’s Corp. were worth $40,410,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in MCD. Daiwa Securities Group Inc. increased its position in shares of McDonald’s Corp. by 33.2% in the second quarter. Daiwa Securities Group Inc. now owns 267,490 shares of the fast-food giant’s stock worth $32,190,000 after buying an additional 66,600 shares in the last quarter. Trust Co. of Toledo NA OH increased its position in shares of McDonald’s Corp. by 1.0% in the second quarter. Trust Co. of Toledo NA OH now owns 28,882 shares of the fast-food giant’s stock worth $3,475,000 after buying an additional 293 shares in the last quarter. Ledyard National Bank increased its position in shares of McDonald’s Corp. by 3.6% in the second quarter. Ledyard National Bank now owns 5,324 shares of the fast-food giant’s stock worth $641,000 after buying an additional 186 shares in the last quarter. RNC Capital Management LLC increased its position in shares of McDonald’s Corp. by 8.1% in the second quarter. RNC Capital Management LLC now owns 4,412 shares of the fast-food giant’s stock worth $531,000 after buying an additional 329 shares in the last quarter. Finally, Independence Advisors LLC bought a new position in shares of McDonald’s Corp. during the second quarter worth $1,512,000. 69.10% of the stock is owned by institutional investors.

Shares of McDonald’s Corp. (NYSE:MCD) traded down 0.41% during midday trading on Friday, reaching $113.45. 4,153,139 shares of the company’s stock were exchanged. McDonald’s Corp. has a 12 month low of $101.60 and a 12 month high of $131.96. The firm has a 50 day moving average price of $115.46 and a 200 day moving average price of $121.70. 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. (NYSE:MCD) last posted its quarterly earnings data on Tuesday, July 26th. The fast-food giant reported $1.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.39 by $0.06. The firm had revenue of $6.27 billion for the quarter, compared to the consensus estimate of $6.28 billion. McDonald’s Corp. had a net margin of 18.73% and a return on equity of 97.56%. The business’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 firm earned $1.26 EPS. Equities research analysts forecast that McDonald’s Corp. will post $5.56 earnings per share for the current fiscal year.

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

A number of equities analysts have weighed in on the stock. Zacks Investment Research downgraded shares of McDonald’s Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday. Vetr downgraded shares of McDonald’s Corp. from a “buy” rating to a “hold” rating and set a $114.15 target price for the company. in a research note on Monday. Credit Suisse Group AG reissued an “outperform” rating and set a $132.00 price target on shares of McDonald’s Corp. in a research note on Friday, September 16th. Citigroup Inc. dropped their price target on shares of McDonald’s Corp. from $130.00 to $122.00 and set a “neutral” rating for the company in a research note on Tuesday, September 13th. Finally, Robert W. Baird reissued an “outperform” rating on shares of McDonald’s Corp. in a research note on Thursday, September 8th. Two investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and thirteen have given a buy rating to the company’s stock. McDonald’s Corp. has a consensus rating of “Hold” and an average target price of $125.85.

In related news, Chairman Andrew J. Mckenna sold 70,000 shares of the business’s stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $118.28, for a total value of $8,279,600.00. Following the transaction, the chairman now directly owns 108,841 shares of the company’s stock, valued at approximately $12,873,713.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 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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