Today, UMB Bank N A MO Reduces Position in McDonald’s Corp. (MCD)

Today, UMB Bank N A MO Reduces Position in McDonald’s Corp. (MCD)

UMB Bank N A MO cut its position in shares of McDonald’s Corp. (NYSE:MCD) by 14.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 126,038 shares of the fast-food giant’s stock after selling 20,614 shares during the period. UMB Bank N A MO’s holdings in McDonald’s Corp. were worth $14,539,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. increased its stake in McDonald’s Corp. by 33.3% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,074,266 shares of the fast-food giant’s stock worth $129,275,000 after buying an additional 268,464 shares during the period. UBS Asset Management Americas Inc. increased its stake in McDonald’s Corp. by 15.1% in the second quarter. UBS Asset Management Americas Inc. now owns 3,952,572 shares of the fast-food giant’s stock worth $475,653,000 after buying an additional 519,237 shares during the period. Kentucky Retirement Systems acquired a new stake in McDonald’s Corp. during the second quarter worth $8,984,000. Pennsylvania Trust Co increased its stake in McDonald’s Corp. by 3.3% in the second quarter. Pennsylvania Trust Co now owns 108,250 shares of the fast-food giant’s stock worth $13,027,000 after buying an additional 3,477 shares during the period. Finally, Oakbrook Investments LLC increased its stake in McDonald’s Corp. by 3.7% in the second quarter. Oakbrook Investments LLC now owns 87,291 shares of the fast-food giant’s stock worth $10,505,000 after buying an additional 3,100 shares during the period. Institutional investors own 69.04% of the company’s stock.

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

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

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

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

In other McDonald’s Corp. news, VP James R. Sappington sold 8,298 shares of the business’s stock in a transaction 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 transaction, the vice president now directly owns 14,750 shares of the company’s stock, valued at approximately $1,741,680. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Andrew J. Mckenna sold 30,000 shares of the business’s stock in a transaction 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 completion of the transaction, the chairman now directly owns 72,514 shares in the company, 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

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