EP Wealth Advisors LLC Has $70.03 Million Position in McDonald's Corporation $MCD

Key Points

• EP Wealth Advisors LLC increased its holdings in McDonald's Corporation by 4.1%, owning 224,203 shares valued at $70.03 million.
• Wall Street analysts have mixed ratings on McDonald's stock, with a consensus target price of $326.38 and ratings ranging from "buy" to "sell".
• McDonald's recently reported quarterly earnings of $3.19 EPS, surpassing estimates, and announced a quarterly dividend of $1.77 per share.

EP Wealth Advisors LLC grew its holdings in McDonald's Corporation (NYSE:MCD - Free Report) by 4.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 224,203 shares of the fast-food giant's stock after purchasing an additional 8,795 shares during the quarter. EP Wealth Advisors LLC's holdings in McDonald's were worth $70,034,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of MCD. Mascagni Wealth Management Inc. acquired a new position in shares of McDonald's during the fourth quarter valued at $25,000. Abound Financial LLC acquired a new position in shares of McDonald's during the first quarter valued at $30,000. Pinney & Scofield Inc. acquired a new position in shares of McDonald's during the fourth quarter valued at $29,000. Redmont Wealth Advisors LLC acquired a new position in shares of McDonald's during the first quarter valued at $31,000. Finally, Financial Gravity Asset Management Inc. acquired a new position in McDonald's in the first quarter valued at about $31,000. Institutional investors and hedge funds own 70.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Loop Capital lowered McDonald's from a "buy" rating to a "hold" rating and cut their target price for the company from $346.00 to $315.00 in a research note on Friday, June 6th. The Goldman Sachs Group raised McDonald's from a "neutral" rating to a "buy" rating and set a $345.00 target price on the stock in a research note on Thursday, July 10th. BMO Capital Markets restated an "outperform" rating and issued a $350.00 price target (up from $345.00) on shares of McDonald's in a report on Thursday, August 7th. TD Cowen increased their price target on McDonald's from $305.00 to $315.00 and gave the stock a "hold" rating in a report on Wednesday, August 6th. Finally, Barclays increased their price target on McDonald's from $355.00 to $360.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Thirteen investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $326.38.

McDonald's Stock Performance

NYSE:MCD opened at $313.68 on Tuesday. The company has a market cap of $223.84 billion, a PE ratio of 26.88, a PEG ratio of 3.19 and a beta of 0.49. McDonald's Corporation has a 52-week low of $276.53 and a 52-week high of $326.32. The stock has a 50-day simple moving average of $301.70 and a 200 day simple moving average of $306.19.

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

McDonald's Dividend Announcement

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

Insiders Place Their Bets

In other news, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total value of $281,221.11. Following the completion of the sale, the insider directly owned 9,283 shares of the company's stock, valued at $2,780,165.67. This trade represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Jonathan Banner sold 1,000 shares of McDonald's stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total value of $310,000.00. Following the sale, the executive vice president directly owned 99 shares of the company's stock, valued at approximately $30,690. The trade was a 90.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 7,341 shares of company stock valued at $2,229,327. Corporate insiders own 0.25% of the company's stock.

McDonald's 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.

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