Today: The Sii Investments Inc. WI invests in McDonald’s Corp. (MCD) Shares

The Sii Investments Inc. WI invests in McDonald’s Corp. (MCD) Shares

Sii Investments Inc. WI increased its position in shares of McDonald’s Corp. (NYSE:MCD) by 8.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,053 shares of the fast-food giant’s stock after buying an additional 724 shares during the period. Sii Investments Inc. WI’s holdings in McDonald’s Corp. were worth $1,089,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Invictus RG boosted its stake in shares of 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 in the last quarter. Glassman Wealth Services boosted its stake in shares of 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 in the last quarter. RPg Family Wealth Advisory LLC boosted its stake in shares of 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 in the last quarter. MU Investments Co. Ltd. acquired a new stake in shares of McDonald’s Corp. during the second quarter worth approximately $163,000. Finally, Cypress Capital Management LLC WY acquired a new stake in shares of McDonald’s Corp. during the second quarter worth approximately $178,000. Institutional investors own 69.10% of the company’s stock.

McDonald’s Corp. (NYSE:MCD) traded down 0.41% during mid-day trading on Friday, reaching $113.45. 4,153,139 shares of the company were exchanged. McDonald’s Corp. has a 1-year low of $101.60 and a 1-year high of $131.96. The firm has a market capitalization of $96.81 billion, a P/E ratio of 21.66 and a beta of 0.61. The stock has a 50-day moving average of $115.46 and a 200 day moving average of $121.70.

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, topping the Thomson Reuters’ consensus estimate of $1.39 by $0.06. The business had revenue of $6.27 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.26 earnings per share. Equities research analysts forecast that McDonald’s Corp. will post $5.56 earnings per share for the current year.

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

A number of analysts have recently issued reports on MCD shares. Zacks Investment Research cut shares of McDonald’s Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday. Jefferies Group reissued a “hold” rating on shares of McDonald’s Corp. in a research note on Friday, August 5th. Credit Suisse Group AG reduced their price objective on shares of McDonald’s Corp. from $135.00 to $130.00 and set an “outperform” rating for the company in a research note on Monday, June 27th. Deutsche Bank AG reissued a “buy” rating on shares of McDonald’s Corp. in a research note on Wednesday, August 10th. Finally, Vetr raised shares of McDonald’s Corp. from a “hold” rating to a “buy” rating and set a $121.01 price objective for the company in a research note on Wednesday, September 28th. Two investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $125.85.

In other news, Chairman Andrew J. Mckenna sold 70,000 shares of the stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $118.28, for a total transaction of $8,279,600.00. Following the sale, the chairman now owns 108,841 shares of the company’s stock, valued at $12,873,713.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.28% of the company’s stock.

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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