Trading Report: The F&V Capital Management LLC Maintains Stake in McDonald’s Corp. (MCD)

The F&V Capital Management LLC Maintains Stake in McDonald’s Corp. (MCD)

F&V Capital Management LLC continued to hold its position in shares of McDonald’s Corp. (NYSE:MCD) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,895 shares of the fast-food giant’s stock at the end of the third quarter. F&V Capital Management LLC’s holdings in McDonald’s Corp. were worth $219,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Glassman Wealth Services boosted its position 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 during the period. Thomas J. Herzfeld Advisors Inc. boosted its position in shares of McDonald’s Corp. by 183.5% in the second quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,066 shares of the fast-food giant’s stock worth $128,000 after buying an additional 690 shares during the period. MU Investments Co. Ltd. purchased a new position in shares of McDonald’s Corp. during the second quarter worth about $163,000. Cypress Capital Management LLC WY purchased a new position in shares of McDonald’s Corp. during the second quarter worth about $178,000. Finally, Kernodle & Katon Asset Management Group LLC boosted its stake in McDonald’s Corp. by 10.2% in the second quarter. Kernodle & Katon Asset Management Group LLC now owns 1,517 shares of the fast-food giant’s stock worth $183,000 after buying an additional 141 shares during the last quarter. 69.04% of the stock is currently owned by institutional investors and hedge funds.

McDonald’s Corp. (NYSE:MCD) traded up 0.43% during mid-day trading on Friday, reaching $120.66. 1,709,105 shares of the company’s stock traded hands. The company has a market cap of $100.20 billion, a P/E ratio of 22.67 and a beta of 0.63. The stock has a 50 day moving average of $114.67 and a 200 day moving average of $118.67. McDonald’s Corp. has a 12-month low of $110.33 and a 12-month high of $131.96.

McDonald’s Corp. (NYSE:MCD) last announced its quarterly earnings results on Friday, October 21st. The fast-food giant reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.13. McDonald’s Corp. had a net margin of 18.74% and a return on equity of 197.51%. The firm earned $6.42 billion during the quarter, compared to analyst estimates of $6.28 billion. During the same period in the previous year, the business posted $1.40 earnings per share. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. On average, equities research analysts predict that McDonald’s Corp. will post $5.69 earnings per share for the current fiscal year.

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

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

In other news, VP James R. Sappington sold 8,298 shares of McDonald’s Corp. stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $118.08, for a total value of $979,827.84. Following the completion of the sale, the vice president now directly owns 14,750 shares in the company, valued at $1,741,680. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 owns 72,514 shares of the company’s stock, valued at $8,228,888.72. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by 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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