Published: Tue, January 30, 2018
Money | By Armando Alvarado

McDonald's (NYSE:MCD) announces a quarterly dividend of $1.01

McDonald's (NYSE:MCD) announces a quarterly dividend of $1.01

Excluding the impact of the tax act, diluted earnings per share was $1.71, an increase of 19 percent, year-over-year. The institutional investor held 28,817 shares of the restaurants company at the end of 2017Q3, valued at $4.52M, up from 11,830 at the end of the previous reported quarter.

McDonald's has been winning market share back through different initiatives in the last few years, from new iterations of its classic burgers to food delivery to a mobile app as well as to discounted drinks and offerings like the McPick 2 deal and the new Buttermilk Crispy Tenders. Canada Pension Plan Investment Board now owns 449,237 shares of the fast-food giant's stock worth $68,805,000 after acquiring an additional 4,300 shares during the period. Operating income for the quarter increased 4 percent. Intrust State Bank Na invested in 0.4% or 7,793 shares. BlackRock Inc. boosted its stake in shares of McDonald's by 3.0% in the 2nd quarter. Miles Capital Inc. bought a new stake in McDonald's in the second quarter worth $204,000.

McDonald's Corp. (MCD) has an Analysts' Mean Recommendation of 2. Institutional investors and hedge funds own 67.31% of the company's stock.

McDonald's share of USA fast-food and fast-casual restaurant diners ticked up to almost 18% for the week ended January 21, according to research by Datassential and Sense360 cited by Bloomberg. The chain's shares are up 44.5 percent for the past year and began Tuesday around $177. The company has a debt-to-equity ratio of -8.17, a quick ratio of 1.27 and a current ratio of 1.28.

McDonald's Co. has a 12-month low of $121.70 and a 12-month high of $178.70. The company has a market cap of $142,186.03, a P/E ratio of 25.43, a P/E/G ratio of 2.81 and a beta of 0.67.

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On 8/9/2017 Joseph M Erlinger, Insider, sold 10,793 with an average share price of $154.44 per share and the total transaction amounting to $1,666,870.92. Following the transaction, the insider now owns 49,778 shares of the company's stock, valued at approximately $8,378,632.96. Moreover, First Personal Financial Ser has 0.9% invested in McDonald's Corporation (NYSE:MCD). Deutsche Bank maintained McDonald's Corporation (NYSE:MCD) on Tuesday, January 26 with "Buy" rating. McDonald's Corp. (NYSE:MCD) has a 20-Day average volume of 3.24 Million. UBS Group set a $170.00 target price on shares of McDonald's and gave the stock a "hold" rating in a research report on Wednesday, October 25th. Cowen & Co maintained it with "Buy" rating and $180.0 target in Friday, October 6 report. Nine analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company's stock.

TRADEMARK VIOLATION NOTICE: This story was originally posted by The Lincolnian Online and is the sole property of of The Lincolnian Online. The stock of McDonald's Corporation (NYSE:MCD) earned "Hold" rating by Argus Research on Monday, August 15. More than 90 percent of its restaurants are franchised.

"While McDonald's US business likely outperformed many of its quick-service counterparts during Q4 in terms of same-store sales growth, perhaps consensus expectations for this key business segment may have gotten a touch too high in the near term", Instinet analyst Mark Kalinowski said in a note last week.

McDonald's Corp on Tuesday reported a better-than-expected profit, luring USA diners with its new Buttermilk Crispy Tenders and cheap value offerings, and saw strong sales in the United Kingdom and Canada.

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