Providence First Trust Co purchases shares of 15,803 McDonald’s Corporation (NYSE: DCM) – tech2.org

Providence First Trust Co purchases shares of 15,803 McDonald’s Corporation (NYSE: DCM)



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  McDonald's logo "title =" McDonald's logo "clbad =" companylogo "/> Providence First Trust Co acquired a new position in shares of McDonald's Corporation (NYSE: DCM ) during the second quarter, according to the company on its most recent Form 13F with the Securities & Exchange Commission.The firm acquired 15,803 shares of the fast food giant's stock, valued at approximately $ 2,420,000. 2.4% of the investment portfolio of Providence First Trust Co, making the stock its ninth largest position. </p>
<p>  Several other hedge funds also recently added or reduced their holdings in the business Proficio Capital Partners LLC increased its holdings in shares of McDonald's in 87.8% in the first quarter Proficio Capital Partners LLC now owns 740 shares of the company. n $ 111,000 after acquiring 346 additional shares during the period. Acrospire Investment Management LLC acquired a new position in McDon's shares in the second quarter valued at $ 153,000. QCI Asset Management Inc. NY increased its holdings in McDonald's shares by 22.4% in the second quarter. QCI Asset Management Inc. NY now owns 1,094 shares of the fast-food giant's stock valued at $ 168,000 after acquiring an additional 200 shares during the period. AlphaMark Advisors LLC increased its holdings in McDonald's shares by 0.4% in the second quarter. AlphaMark Advisors LLC now owns 1,288 shares of the fast-food giant's stock valued at $ 197,000 after acquiring 5 additional shares during the period. Finally, Zions Bancorporation increased its holdings in McDonald's shares by 44.6% in the first quarter. Zions Bancorporation now owns 1,546 shares of the fast-food giant's stock valued at $ 201,000 after acquiring 477 additional shares during the period. 67.40% of the shares are currently owned by institutional investors. </p>
<p>  Several stock badysts have recently commented on the stock. ValuEngine reduced McDonald's shares from a "buy" rating to a "suspension" rating in a report on Friday. BidaskClub increased McDonald's shares from a "suspension" rating to a "buy" rating in a report on Monday, August 14. Bank of America reaffirmed a "buy" rating and issued a target price of $ 175.00 on McDonald's shares in a report on Monday, August 14. Nomura set a target price of $ 183.00 on McDonald's shares and awarded the company a "buy" rating on a research report on Tuesday, October 17. Eventually, Longbow Research improved McDonald's stock from a "neutral" rating to a "buy" rating and raised its price target for the company from $ 154.05 to $ 183.00 in a research report on Thursday, June 28. September. Eleven stock research badysts have rated the stock with a hold rating and twenty-four have given a buy to share rating. Currently, the stock has an average "Buy" rating and a consensus price target of $ 171.95. </p>
<p>Shares of McDonald & # 39; s Corporation (NYSE: MCD) traded up to $ 0.90 during Friday's noon trading, reaching $ 172.87. 4,279,176 shares of the company's traded shares, compared to its average volume of 2,715,558. The stock has a market capitalization of $ 137,809.53, a price-earnings ratio of 27.01, a P / E / G ratio of 2.83 and a beta of 0.67. McDonald's Corporation has a minimum of 52 weeks of $ 117.71 and a maximum of 52 weeks of $ 173.17. The company has a quick ratio of 1.27, a current ratio of 1.28 and a debt to equity ratio of -8.17.</p>
<p> McDonald's (NYSE: MCD) last issued its earnings results on Tuesday, October 24. The fast food giant reported $ 1.76 EPS for the quarter, exceeding the consensus estimate of $ 1.75 for $ 0.01. The company had revenues of $ 5.75 billion for the quarter, compared to badyst estimates of $ 5.75 billion. McDonald's had a net margin of 24.19% and a return on negative capital of 216.45%. The company's revenues decreased 10.4% year-on-year. During the same period in the previous year, the firm earned $ 1.62 EPS. Equity research badysts forecast that McDonald's Corporation will record 6.52 earnings per share for the current year. </p>
<p>  The business also recently announced a quarterly dividend, which will be paid on Friday, December 15. The shareholders registered on Friday, December 1 will receive a dividend of $ 1.01 per share. This is a positive change from McDonald's previous quarterly dividend of $ 0.94. This represents an annualized dividend of $ 4.04 and a dividend yield of 2.34%. The ex-dividend date is Thursday, November 30. The McDonald's payment rate is currently 58.30%. </p>
<p>  In other news, insider Stephen Easterbrook sold 171,577 shares of McDonald's in a transaction on Tuesday, November 21. The stock was sold at an average price of $ 168.32, for a total transaction of $ 28,879,840.64. After the completion of the transaction, the privileged information now holds 49,778 shares of the company, valued at approximately $ 8,378,632.96. The transaction was disclosed in a presentation before the Securities and Exchange Commission, which is available at this link. In addition, Vice President James R. Sappington sold 8,046 McDonald's shares in a transaction on Wednesday, October 25. The stock was sold at an average price of $ 165.00, for a total value of $ 1,327,590.00. After the transaction, the vice president is now the direct owner of 15,739 shares of the company, valued at approximately $ 2,596,935. The disclosure of this sale can be found here. Insiders owns 0.24% of the company's shares. </p>
<p clbad= NOTICE OF VIOLATION OF COPYRIGHT: This story was originally published by StockNewsTimes and is owned by StockNewsTimes. If you are accessing this story on another site, it was stolen and republished in violation of international copyright and US copyright law. UU The legal version of this story can be read at https://stocknewstimes.com/2017/12/03/providence-first-trust-co-purchases-shares-of-15803-mcdonalds-corporation-mcd.html.

Company Profile McDonald's

McDonald's Corporation (McDonald's) operates and franchises McDonald & # 39; s restaurants. The Company's restaurants serve a locally relevant menu of foods and beverages that are sold at various prices in more than 100 countries. The segments of the company include EE. UU., International Lead Markets, High Growth Markets and Foundational Markets and Corporate.

  Institutional ownership per quarter for McDonald`s (NYSE: MCD)




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