Assetmark Inc. Has $21.58 Million Position in McDonald's Corporation (NYSE:MCD)

Key Points

• Assetmark Inc. increased its holdings in McDonald's Corporation by 1.5% to a total of 69,072 shares, valued at approximately $21.58 million.
• McDonald's reported a quarterly EPS of $2.67, meeting analyst expectations, but experienced a 3.5% decline in revenue year-over-year, totaling $5.96 billion.
• The company declared a quarterly dividend of $1.77 per share, resulting in an annualized dividend of $7.08 and a dividend yield of 2.37%.

Assetmark Inc. boosted its position in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 1.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 69,072 shares of the fast-food giant's stock after purchasing an additional 999 shares during the quarter. Assetmark Inc.'s holdings in McDonald's were worth $21,576,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its stake in McDonald's by 39,039.7% in the first quarter. GAMMA Investing LLC now owns 3,497,919 shares of the fast-food giant's stock valued at $1,092,645,000 after buying an additional 3,488,982 shares in the last quarter. Castlekeep Investment Advisors LLC bought a new position in McDonald's in the fourth quarter valued at approximately $350,935,000. Northern Trust Corp lifted its stake in McDonald's by 11.2% in the fourth quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant's stock valued at $2,570,511,000 after buying an additional 895,896 shares in the last quarter. Franklin Resources Inc. lifted its stake in McDonald's by 24.4% in the fourth quarter. Franklin Resources Inc. now owns 4,054,387 shares of the fast-food giant's stock valued at $1,175,326,000 after buying an additional 794,536 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in McDonald's in the fourth quarter valued at approximately $211,824,000. Institutional investors and hedge funds own 70.29% of the company's stock.

McDonald's Price Performance

NYSE:MCD opened at $298.25 on Friday. McDonald's Corporation has a one year low of $250.23 and a one year high of $326.32. The company has a market cap of $213.26 billion, a P/E ratio of 26.32, a P/E/G ratio of 3.08 and a beta of 0.53. The firm's fifty day moving average price is $301.00 and its two-hundred day moving average price is $302.91.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, meeting the consensus estimate of $2.67. McDonald's had a net margin of 31.75% and a negative return on equity of 195.27%. The firm had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.17 billion. During the same period in the previous year, the company earned $2.70 earnings per share. The company's quarterly revenue was down 3.5% on a year-over-year basis. As a group, equities research analysts expect that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be paid a $1.77 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.37%. McDonald's's dividend payout ratio (DPR) is presently 62.49%.

Insider Activity

In related news, CMO Edith Morgan Flatley sold 1,000 shares of the company's stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $300.00, for a total value of $300,000.00. Following the transaction, the chief marketing officer directly owned 8,858 shares in the company, valued at approximately $2,657,400. This represents a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Joseph M. Erlinger sold 939 shares of the company's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total transaction of $281,221.11. Following the completion of the transaction, the insider owned 9,283 shares in the company, valued at $2,780,165.67. This trade represents a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,817 shares of company stock worth $1,147,992 over the last 90 days. 0.25% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on MCD shares. TD Securities reaffirmed a "hold" rating and issued a $305.00 price target on shares of McDonald's in a research note on Thursday, June 5th. Melius assumed coverage on shares of McDonald's in a research report on Monday, July 14th. They issued a "sell" rating and a $250.00 price objective on the stock. BTIG Research restated a "neutral" rating on shares of McDonald's in a report on Tuesday, April 22nd. BMO Capital Markets restated an "outperform" rating and set a $345.00 target price (up previously from $340.00) on shares of McDonald's in a report on Monday, May 5th. Finally, The Goldman Sachs Group upgraded shares of McDonald's from a "neutral" rating to a "buy" rating and set a $345.00 target price for the company in a report on Thursday, July 10th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $322.00.

About McDonald's

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.

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