Epoch Investment Partners Inc. Has $61.55 Million Position in McDonald's Corporation $MCD

Key Points

• Epoch Investment Partners Inc. reduced its shareholding in McDonald's by 4.2%, owning 197,054 shares valued at approximately $61.55 million after selling 8,628 shares in the first quarter.
• McDonald's reported a quarterly revenue of $6.84 billion, exceeding expectations, and achieved an EPS of $3.19, surpassing estimates by $0.04.
• The company declared a quarterly dividend of $1.77, with an annualized yield of 2.3%, set to be paid to shareholders on September 16th.

Epoch Investment Partners Inc. trimmed its position in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 4.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 197,054 shares of the fast-food giant's stock after selling 8,628 shares during the quarter. Epoch Investment Partners Inc.'s holdings in McDonald's were worth $61,554,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. WealthPlan Investment Management LLC boosted its position in McDonald's by 0.9% during the 1st quarter. WealthPlan Investment Management LLC now owns 3,630 shares of the fast-food giant's stock worth $1,134,000 after buying an additional 32 shares during the period. Granite Bay Wealth Management LLC raised its stake in shares of McDonald's by 3.5% during the first quarter. Granite Bay Wealth Management LLC now owns 988 shares of the fast-food giant's stock valued at $309,000 after acquiring an additional 33 shares during the last quarter. CVA Family Office LLC lifted its holdings in shares of McDonald's by 1.9% during the first quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant's stock worth $560,000 after purchasing an additional 33 shares during the period. Consilium Wealth Advisory LLC lifted its holdings in shares of McDonald's by 2.5% during the first quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant's stock worth $417,000 after purchasing an additional 33 shares during the period. Finally, Security Financial Services INC. grew its stake in shares of McDonald's by 0.7% in the first quarter. Security Financial Services INC. now owns 5,043 shares of the fast-food giant's stock worth $1,575,000 after purchasing an additional 33 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors.

McDonald's Stock Performance

Shares of MCD stock opened at $313.14 on Wednesday. McDonald's Corporation has a fifty-two week low of $276.53 and a fifty-two week high of $326.32. The stock has a 50 day simple moving average of $299.77 and a two-hundred day simple moving average of $306.10. The company has a market cap of $223.46 billion, a P/E ratio of 26.83, a PEG ratio of 3.19 and a beta of 0.52.

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

McDonald's Announces Dividend

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

Insider Activity at McDonald's

In related news, CMO Edith Morgan Flatley sold 1,000 shares of the company's stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $300.00, for a total transaction of $300,000.00. Following the transaction, the chief marketing officer directly owned 8,858 shares of the company's stock, valued at approximately $2,657,400. This represents a 10.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of the 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 transaction, the insider owned 9,283 shares in the company, valued at approximately $2,780,165.67. The trade was a 9.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,341 shares of company stock worth $2,229,327 over the last three months. 0.25% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on MCD. Melius began coverage on McDonald's in a research report on Monday, July 14th. They set a "sell" rating and a $250.00 target price for the company. Robert W. Baird raised their price objective on McDonald's from $300.00 to $315.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Evercore ISI lifted their price objective on McDonald's from $350.00 to $360.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. KeyCorp reissued an "overweight" rating and set a $335.00 target price (up previously from $325.00) on shares of McDonald's in a research report on Thursday, August 7th. Finally, Morgan Stanley raised their price target 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. Thirteen equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $326.38.

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.

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