Madison Asset Manages $11.59M Stake in McDonald's
Madison Asset Management LLC has acquired a new stake in McDonald's Corporation (NYSE:MCD), purchasing 42,878 shares of its stock valued at approximately $11,590,000. This is not an isolated instance, as other institutional investors have also recently added to or reduced their stakes in the stock.
According to the company's most recent disclosure with the Securities and Exchange Commission (SEC), Madison Asset Management purchased the new stake in the 2nd quarter. Other investors who have taken a position in McDonald's include Danske Bank A S, Foster & Motley Inc., Plato Investment Management Ltd, Bank of New York Mellon Corp, and S&CO Inc.
McDonald's has a market capitalization of $188.86 billion, with a price-to-earnings ratio of 21.68 and a beta of 0.41. The company has reported EPS of $3.38 for the quarter, beating analysts' consensus estimates by $0.06.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th to stockholders of record on Tuesday, September 1st. This represents an annualized dividend of $7.44 and a dividend yield of 2.8%.