Adage Capital Partners GP L.L.C. Has $204.13 Million Stake in McDonald's Corporation $MCD

Key Points

• Adage Capital Partners reduced its position in McDonald's Corporation by 49.2%, now holding approximately 653,502 shares valued at $204 million.
• Insider trading activity saw McDonald's CMO and EVP sell shares, resulting in significant decreases in their ownership percentages, with a total 7,341 shares worth over $2.2 million sold in the last ninety days.
• McDonald's announced a quarterly dividend of $1.77 per share, representing an annualized yield of 2.3% and a payout ratio of 60.67%.

Adage Capital Partners GP L.L.C. reduced its position in McDonald's Corporation (NYSE:MCD - Free Report) by 49.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 653,502 shares of the fast-food giant's stock after selling 633,841 shares during the period. Adage Capital Partners GP L.L.C. owned about 0.09% of McDonald's worth $204,134,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. WealthPlan Investment Management LLC lifted its stake in McDonald's by 0.9% in the 1st quarter. WealthPlan Investment Management LLC now owns 3,630 shares of the fast-food giant's stock valued at $1,134,000 after purchasing an additional 32 shares during the last quarter. Granite Bay Wealth Management LLC lifted its stake in McDonald's by 3.5% in the 1st quarter. Granite Bay Wealth Management LLC now owns 988 shares of the fast-food giant's stock valued at $309,000 after purchasing an additional 33 shares during the last quarter. CVA Family Office LLC lifted its stake in McDonald's by 1.9% in the 1st quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant's stock valued at $560,000 after purchasing an additional 33 shares during the last quarter. Consilium Wealth Advisory LLC lifted its stake in McDonald's by 2.5% in the 1st quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant's stock valued at $417,000 after purchasing an additional 33 shares during the last quarter. Finally, Security Financial Services INC. lifted its stake in McDonald's by 0.7% in the 1st quarter. Security Financial Services INC. now owns 5,043 shares of the fast-food giant's stock valued at $1,575,000 after purchasing an additional 33 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on MCD shares. JPMorgan Chase & Co. raised their price objective on shares of McDonald's from $305.00 to $310.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. TD Securities reaffirmed a "hold" rating and set a $305.00 target price on shares of McDonald's in a report on Thursday, June 5th. Morgan Stanley raised their target price on shares of McDonald's from $324.00 to $326.00 and gave the stock an "equal weight" rating in a report on Monday, July 14th. Guggenheim reaffirmed a "neutral" rating on shares of McDonald's in a report on Friday, August 8th. Finally, Argus cut shares of McDonald's from a "buy" rating to a "hold" rating in a report on Friday, June 13th. Twelve equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $325.35.

McDonald's Trading Down 0.8%

McDonald's stock traded down $2.69 during mid-day trading on Friday, reaching $314.30. The company had a trading volume of 2,533,016 shares, compared to its average volume of 2,961,695. McDonald's Corporation has a fifty-two week low of $276.53 and a fifty-two week high of $326.32. The company has a market cap of $224.28 billion, a P/E ratio of 26.93, a P/E/G ratio of 3.23 and a beta of 0.50. The business has a fifty day simple moving average of $303.87 and a 200 day simple moving average of $306.45.

McDonald's (NYSE:MCD - Get Free Report) last issued its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, beating analysts' consensus estimates of $3.15 by $0.04. McDonald's had a net margin of 32.21% and a negative return on equity of 225.52%. The firm had revenue of $6.84 billion for the quarter, compared to analyst estimates of $6.68 billion. During the same quarter last year, the business posted $2.97 earnings per share. The company's quarterly revenue was up 5.4% on a year-over-year basis. Research analysts forecast that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Tuesday, September 2nd. McDonald's's payout ratio is 60.67%.

Insider Buying and Selling at McDonald's

In other news, EVP Jonathan Banner sold 1,000 shares of McDonald's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total transaction of $310,000.00. Following the transaction, the executive vice president owned 99 shares in the company, valued at approximately $30,690. The trade was a 90.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Edith Morgan Flatley sold 1,000 shares of McDonald's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total transaction of $315,000.00. Following the transaction, the chief marketing officer owned 6,858 shares in the company, valued at approximately $2,160,270. This trade represents a 12.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,341 shares of company stock worth $2,544,327 in the last three months. 0.25% of the stock is currently owned by company insiders.

McDonald's Company Profile

McDonald's Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.