National Planning Corp Raises Position in McDonald's Corporation (MCD)

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National Planning Corp Raises Position in McDonald's Corporation (MCD)

Instinet maintained the shares of MCD in report on Wednesday, January 4 with "Buy" rating. The stock of McDonald's Corporation (NYSE:MCD) has "Buy" rating given on Thursday, September 28 by Longbow. Wells Fargo & Company reaffirmed an "outperform" rating and issued a $175.00 target price (up from $165.00) on shares of McDonald's Corporation in a research note on Monday, June 26th. Canaccord Genuity reaffirmed a hold rating and issued a $170.00 target price on shares of McDonald's Corporation in a research report on Friday, October 6th. Goldman Sachs upgraded the shares of PM in report on Monday, September 12 to "Buy" rating. (The) set a $174.00 target price on McDonald's Corporation and gave the stock a "buy" rating in a research note on Thursday, July 27th. Hot Stocks Point (HSP) makes sure to keep the information up to date and correct, but we didn't suggest or recommend buying or selling of any financial instrument unless that information is subsequently confirmed on your own. The stock declined 0.29% or $0.32 reaching $109.2 per share. Fisher Asset Management Lc holds 6,906 shares. Landscape Mgmt Ltd Liability has invested 1.19% in McDonald's Corporation (NYSE:MCD). The company has market cap of $2.88 billion.

Let's also take a brief look at the stock price in relation to some highs/lows and moving averages.

The company said that it had $1.76 in earnings per share (EPS) and $5.75 billion in revenue, while the consensus estimates from Thomson Reuters were $1.77 in EPS on revenue of $5.74 billion. The firm's revenue was down 10.4% compared to the same quarter past year.

As the earnings date approaches, we can see that insider ownership is now 0.10% shares, and institutional ownership is at 70.10% for McDonald's Corporation (NYSE:MCD) stock.

TRADEMARK VIOLATION NOTICE: This report was posted by TrueBlueTribune and is owned by of TrueBlueTribune. If you are accessing this article on another domain, it was stolen and reposted in violation of United States and global trademark & copyright legislation. This is an increase from McDonald's Corporation's previous quarterly dividend of $0.94.

Bulldog Investors Llc holds 5.3% of its portfolio in JPMorgan China Region Fund Inc for 1.04 million shares.

McDoland's distributes an annual dividend of $4.04 - through quarterly payments of $1.01 - to its shareholders for a dividend yield of 2.43% versus a current Standard & Poor's 500 dividend yield of 1.87%. McDonald's Corporation's dividend payout ratio is presently 61.54%.

Strong same-store sales and positive guest counts in the period are "a good indication that the company's various initiatives are resonating well with consumers in this highly competitive market", according to Moody's Analyst Bill Fahy.

After a recent look, shares have been seen 13.47% from the 200-day moving average, and 2.67% from the 50-day moving average. About 11,794 shares traded. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Among 33 analysts covering McDonald's Corporation (NYSE:MCD), 22 have Buy rating, 1 Sell and 10 Hold. The shares were sold at an average price of $154.44, for a total value of $1,666,870.92. Following the transaction, the executive vice president now owns 6,954 shares in the company, valued at $1,092,125.70. In the last ninety days, insiders sold 69,938 shares of company stock worth $11,033,009. Insiders own 0.24% of the company's stock.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MCD. On Sept. 21 the board of directors authorized a 7% increase in the quarterly dividend to $1.01 per ordinary share from a previous distribution of 94 cents per share. The dividend will be $1.010 per share for the quarter which comes to $4.04 on an annualized basis. Sentinel Asset Management Inc who had been investing in Mcdonald's Corp. for a number of months, seems to be less bullish one the $132.84B market cap company.

Capital Planning Advisors Llc, which manages about $180.00M and $225.97M US Long portfolio, decreased its stake in Facebook Inc (NASDAQ:FB) by 9,908 shares to 87,877 shares, valued at $13.27M in 2017Q2, according to the filing.

McDonald's shares were climbing less than 1 percent in premarket trade on the news.

McDonald's has reported better than expected sales in the third quarter as it pushes back against competitors such as Chipotle and Burger King. Capital Research Global Investors lifted its stake in McDonald's Corporation by 15.0% in the second quarter.

Sentinel Asset Management Inc decreased its stake in Mcdonald's Corp.

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