Cigna Investments Inc. New Grows Holdings in Mcdonald’s Corp (NYSE:MCD)

Cigna Investments Inc. New lifted its holdings in Mcdonald’s Corp (NYSE:MCD) by 6.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,306 shares of the fast-food giant’s stock after buying an additional 1,345 shares during the quarter. Cigna Investments Inc. New’s holdings in Mcdonald’s were worth $3,523,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Geode Capital Management LLC grew its position in shares of Mcdonald’s by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 11,355,408 shares of the fast-food giant’s stock worth $2,240,504,000 after buying an additional 288,582 shares during the period. Norges Bank purchased a new stake in Mcdonald’s during the 4th quarter valued at about $1,579,988,000. Bank of New York Mellon Corp grew its position in Mcdonald’s by 0.4% during the 1st quarter. Bank of New York Mellon Corp now owns 7,211,580 shares of the fast-food giant’s stock valued at $1,192,433,000 after purchasing an additional 31,673 shares during the last quarter. Janus Henderson Group PLC grew its position in Mcdonald’s by 10.8% during the 4th quarter. Janus Henderson Group PLC now owns 6,401,217 shares of the fast-food giant’s stock valued at $1,264,937,000 after purchasing an additional 625,583 shares during the last quarter. Finally, Swiss National Bank grew its position in Mcdonald’s by 19.7% during the 1st quarter. Swiss National Bank now owns 3,595,182 shares of the fast-food giant’s stock valued at $594,463,000 after purchasing an additional 592,500 shares during the last quarter. 66.13% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:MCD traded down $0.67 during trading hours on Friday, hitting $184.41. 2,448,234 shares of the stock traded hands, compared to its average volume of 4,116,318. Mcdonald’s Corp has a 1 year low of $124.23 and a 1 year high of $221.93. The company has a market cap of $137.62 billion, a price-to-earnings ratio of 24.17, a price-to-earnings-growth ratio of 4.59 and a beta of 0.67. The stock has a 50 day moving average price of $179.19 and a 200 day moving average price of $192.40.

Mcdonald’s (NYSE:MCD) last issued its quarterly earnings results on Thursday, April 30th. The fast-food giant reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.12). Mcdonald’s had a net margin of 27.86% and a negative return on equity of 70.25%. The firm had revenue of $4.71 billion for the quarter, compared to analysts’ expectations of $4.66 billion. During the same period in the prior year, the firm earned $1.78 EPS. Mcdonald’s’s revenue for the quarter was down 6.2% compared to the same quarter last year. As a group, research analysts forecast that Mcdonald’s Corp will post 5.5 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.71%. Mcdonald’s’s dividend payout ratio is currently 63.78%.

Several brokerages recently commented on MCD. SunTrust Banks increased their price objective on shares of Mcdonald’s from $189.00 to $195.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Telsey Advisory Group reissued an “outperform” rating on shares of Mcdonald’s in a research report on Wednesday, April 22nd. Royal Bank of Canada increased their price objective on shares of Mcdonald’s from $201.00 to $211.00 and gave the company an “outperform” rating in a research report on Friday, May 1st. Piper Sandler cut their price objective on shares of Mcdonald’s from $195.00 to $170.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 7th. Finally, KeyCorp lowered their target price on shares of Mcdonald’s from $235.00 to $200.00 and set an “overweight” rating on the stock in a research note on Friday, March 27th. Eight equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $207.48.

About Mcdonald’s

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products, soft drinks, coffee, and other beverages, as well as breakfast menu. As of December 31, 2018, the company operated 37,855 restaurants, including 35,085 franchised restaurants comprising 21,685 franchised to conventional franchisees, 7,225 licensed to developmental licensees, and 6,175 licensed to foreign affiliates; and 2,770 company-operated restaurants.

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Institutional Ownership by Quarter for Mcdonald`s (NYSE:MCD)

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