MBB Public Markets I LLC Makes New $328,000 Investment in McDonald's Corporation $MCD

Key Points

• MBB Public Markets I LLC acquired a new stake in McDonald's Corporation during the first quarter, purchasing 1,049 shares valued at approximately $328,000.
• Insiders of McDonald's, including EVP Jonathan Banner and CMO Edith Morgan Flatley, sold a combined total of 2,000 shares recently, indicating a decrease in ownership of the stock.
• McDonald's announced a quarterly dividend of $1.77 per share, representing an annualized dividend of $7.08 with a yield of 2.3%.

MBB Public Markets I LLC bought a new stake in McDonald's Corporation (NYSE:MCD - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,049 shares of the fast-food giant's stock, valued at approximately $328,000.

A number of other hedge funds have also recently made changes to their positions in MCD. Mascagni Wealth Management Inc. bought a new position in McDonald's in the 4th quarter valued at approximately $25,000. Pinney & Scofield Inc. acquired a new position in McDonald's in the 4th quarter valued at approximately $29,000. Abound Financial LLC acquired a new position in McDonald's in the 1st quarter valued at approximately $30,000. Copia Wealth Management bought a new position in shares of McDonald's during the fourth quarter valued at $31,000. Finally, Redmont Wealth Advisors LLC acquired a new position in shares of McDonald's during the first quarter worth $31,000. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald's Price Performance

Shares of McDonald's stock traded down $2.94 during trading on Friday, reaching $305.49. 2,072,499 shares of the company traded hands, compared to its average volume of 2,771,965. The firm has a market capitalization of $218.00 billion, a PE ratio of 26.18, a P/E/G ratio of 3.11 and a beta of 0.49. The company has a 50 day moving average price of $305.33 and a 200-day moving average price of $306.57. McDonald's Corporation has a 1-year low of $276.53 and a 1-year high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, beating 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 firm had revenue of $6.84 billion during the quarter, compared to the consensus estimate of $6.68 billion. During the same period in the previous year, the firm posted $2.97 earnings per share. The business's revenue was up 5.4% compared to the same quarter last year. Equities research analysts expect that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Dividend Announcement

The company 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 dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 2nd. McDonald's's dividend payout ratio is 60.67%.

Insider Transactions at McDonald's

In other news, insider Joseph M. Erlinger sold 939 shares of the company'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 transaction of $281,221.11. Following the transaction, the insider directly owned 9,283 shares of the company's stock, valued at $2,780,165.67. This represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 completion of 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 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. Insiders own 0.25% of the company's stock.

Wall Street Analysts Forecast Growth

MCD has been the subject of a number of recent research reports. Evercore ISI increased their price objective on McDonald's from $350.00 to $360.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Morgan Stanley increased their price target on McDonald's from $324.00 to $326.00 and gave the company an "equal weight" rating in a research note on Monday, July 14th. TD Securities restated a "hold" rating and set a $305.00 price objective on shares of McDonald's in a research report on Thursday, June 5th. Citigroup upped their target price on McDonald's from $364.00 to $365.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Finally, Stifel Nicolaus raised their price target on shares of McDonald's from $300.00 to $315.00 and gave the stock a "hold" rating in a report on Friday, August 22nd. Eleven investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, McDonald's currently has an average rating of "Hold" and a consensus target price of $325.14.

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.