Cheviot Value Management LLC Acquires Shares of 3,131 McDonald's Corporation (NYSE:MCD)

Key Points

• Cheviot Value Management LLC has acquired 3,131 shares of McDonald's Corporation, valued at approximately $989,000, signaling continued interest from institutional investors in the fast-food giant.
• Recent analyst reports have shown mixed ratings on McDonald's stock, with two analysts giving it a "sell" rating, while thirteen maintain a "hold" rating and another thirteen a "buy" rating.
• McDonald's has announced a quarterly dividend of $1.77 per share, representing an annualized dividend of $7.08 and a dividend yield of 2.3%, set to be paid on September 16th.

Cheviot Value Management LLC acquired a new stake in McDonald's Corporation (NYSE:MCD - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 3,131 shares of the fast-food giant's stock, valued at approximately $989,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its stake in shares of McDonald's by 21.6% in the 4th quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant's stock valued at $2,692,000 after purchasing an additional 1,649 shares during the last quarter. Revolve Wealth Partners LLC increased its stake in shares of McDonald's by 2.8% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant's stock valued at $563,000 after purchasing an additional 52 shares during the last quarter. Bank Pictet & Cie Europe AG increased its stake in shares of McDonald's by 15.3% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 209,464 shares of the fast-food giant's stock valued at $60,722,000 after purchasing an additional 27,774 shares during the last quarter. GHE LLC increased its stake in shares of McDonald's by 0.9% in the 4th quarter. GHE LLC now owns 14,677 shares of the fast-food giant's stock valued at $4,255,000 after purchasing an additional 136 shares during the last quarter. Finally, World Investment Advisors increased its stake in shares of McDonald's by 28.9% in the 4th quarter. World Investment Advisors now owns 8,605 shares of the fast-food giant's stock valued at $2,495,000 after purchasing an additional 1,930 shares during the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MCD has been the topic of several recent analyst reports. TD Securities reiterated a "hold" rating and issued a $305.00 price target on shares of McDonald's in a research note on Thursday, June 5th. Northcoast Research lowered McDonald's from a "buy" rating to a "neutral" rating in a research note on Tuesday, May 6th. Redburn Atlantic reiterated a "sell" rating and issued a $260.00 price target (down previously from $319.00) on shares of McDonald's in a research note on Tuesday, June 10th. Argus cut McDonald's from a "buy" rating to a "hold" rating in a report on Friday, June 13th. Finally, Citigroup increased their target price on McDonald's from $364.00 to $365.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $323.39.

McDonald's Price Performance

Shares of McDonald's stock opened at $302.88 on Friday. McDonald's Corporation has a one year low of $265.33 and a one year high of $326.32. The stock's 50-day moving average is $299.44 and its 200 day moving average is $303.66. The firm has a market cap of $216.57 billion, a price-to-earnings ratio of 26.73, a PEG ratio of 3.17 and a beta of 0.52.

McDonald's (NYSE:MCD - Get Free Report) last announced its earnings results 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 negative return on equity of 195.27% and a net margin of 31.75%. The company had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.17 billion. During the same quarter in the prior year, the company earned $2.70 EPS. The firm's revenue for the quarter was down 3.5% compared to the same quarter last year. On average, sell-side analysts expect that McDonald's Corporation will post 12.25 EPS for the current fiscal year.

McDonald's Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be given a dividend of $1.77 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.3%. McDonald's's dividend payout ratio is presently 62.49%.

Insider Activity

In related news, insider Joseph M. Erlinger sold 939 shares of the company's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total transaction of $281,221.11. Following the sale, the insider owned 9,283 shares in the company, valued at $2,780,165.67. This represents a 9.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 sale, the chief marketing officer owned 8,858 shares in the company, valued at approximately $2,657,400. The trade was a 10.14% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,817 shares of company stock worth $1,147,992. 0.25% of the stock is owned by corporate insiders.

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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