Today, Savant Capital LLC decides to keep it stake in McDonald’s Corp. (MCD) to the level of $1,813,000

Today, Savant Capital LLC decides to keep it stake in McDonald’s Corp. (MCD) to the level of $1,813,000

Savant Capital LLC cut its stake in shares of McDonald’s Corp. (NYSE:MCD) by 2.1% during the third quarter, Holdings Channel reports. The firm owned 15,716 shares of the fast-food giant’s stock after selling 338 shares during the period. Savant Capital LLC’s holdings in McDonald’s Corp. were worth $1,813,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the stock. Glassman Wealth Services raised 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 valued at $112,000 after buying an additional 200 shares during the period. Thomas J. Herzfeld Advisors Inc. raised its position in 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 valued at $128,000 after buying an additional 690 shares during the period. MU Investments Co. Ltd. acquired a new position in McDonald’s Corp. during the second quarter valued at approximately $163,000. Cypress Capital Management LLC WY acquired a new position in McDonald’s Corp. during the second quarter valued at approximately $178,000. Finally, Kernodle & Katon Asset Management Group LLC raised its position 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 valued at $183,000 after buying an additional 141 shares during the period. 66.58% of the stock is currently owned by hedge funds and other institutional investors.

Shares of McDonald’s Corp. (NYSE:MCD) traded up 0.96% during mid-day trading on Monday, hitting $121.82. 5,931,717 shares of the stock traded hands. The company has a market cap of $101.16 billion, a price-to-earnings ratio of 22.89 and a beta of 0.63. McDonald’s Corp. has a 52 week low of $110.33 and a 52 week high of $131.96. The stock has a 50-day moving average of $114.91 and a 200-day moving average of $118.44.

McDonald’s Corp. (NYSE:MCD) last issued its quarterly earnings results on Friday, October 21st. The fast-food giant reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.13. The company earned $6.42 billion during the quarter, compared to analyst estimates of $6.28 billion. McDonald’s Corp. had a net margin of 18.74% and a return on equity of 197.51%. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.40 EPS. Analysts anticipate that McDonald’s Corp. will post $5.69 EPS for the current 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. 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 3.09%. The ex-dividend date is Tuesday, November 29th. McDonald’s Corp.’s dividend payout ratio is currently 67.30%.

Several brokerages have issued reports on MCD. Goldman Sachs Group Inc. set a $113.00 price objective on McDonald’s Corp. and gave the stock a “neutral” rating in a report on Tuesday, November 22nd. RBC Capital Markets set a $140.00 price objective on McDonald’s Corp. and gave the stock a “buy” rating in a report on Thursday, November 17th. Zacks Investment Research raised McDonald’s Corp. from a “hold” rating to a “buy” rating and set a $132.00 price objective on the stock in a report on Tuesday, November 15th. Vetr lowered McDonald’s Corp. from a “strong-buy” rating to a “buy” rating and set a $126.64 price objective on the stock. in a report on Tuesday, November 8th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $129.00 price objective on shares of McDonald’s Corp. in a report on Wednesday, November 2nd. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and sixteen have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $126.51.

In related news, VP James R. Sappington sold 8,298 shares of the stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $118.08, for a total transaction of $979,827.84. Following the completion of the sale, the vice president now directly owns 14,750 shares of the company’s stock, valued at $1,741,680. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Andrew J. Mckenna sold 30,000 shares of the stock in a transaction that occurred on Monday, October 24th. The shares were sold at an average price of $113.48, for a total transaction of $3,404,400.00. Following the sale, the chairman now directly 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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