Go Pro

McDonald's Corporation $MCD Shares Bought by Fort Washington Investment Advisors Inc. OH

McDonald's logo with Retail/Wholesale background
Image from MarketBeat Media, LLC.

Key Points

  • Fort Washington Investment Advisors increased its McDonald’s stake by 5.1% in the first quarter, adding 11,166 shares and bringing its total holding to 232,144 shares worth about $72.1 million.
  • McDonald’s recently beat earnings expectations, reporting $2.83 EPS versus the $2.74 consensus and revenue of $6.52 billion, up 9.4% year over year.
  • The company also paid a quarterly dividend of $1.86 per share, or $7.44 annualized, for a yield of 2.8%, while analysts currently rate the stock a Moderate Buy with a consensus target price of $336.26.
  • Five stocks to consider instead of McDonald's.

Fort Washington Investment Advisors Inc. OH boosted its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 5.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 232,144 shares of the fast-food giant's stock after buying an additional 11,166 shares during the quarter. Fort Washington Investment Advisors Inc. OH's holdings in McDonald's were worth $72,148,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in MCD. Peterson Wealth Services lifted its stake in McDonald's by 3,294.5% during the fourth quarter. Peterson Wealth Services now owns 11,779 shares of the fast-food giant's stock worth $3,600,000 after purchasing an additional 11,432 shares during the last quarter. Harbour Investments Inc. raised its holdings in McDonald's by 84.4% during the fourth quarter. Harbour Investments Inc. now owns 35,510 shares of the fast-food giant's stock worth $10,853,000 after purchasing an additional 16,252 shares in the last quarter. Capital International Sarl raised its holdings in McDonald's by 10.4% during the fourth quarter. Capital International Sarl now owns 64,256 shares of the fast-food giant's stock worth $19,639,000 after purchasing an additional 6,079 shares in the last quarter. North Dakota State Investment Board purchased a new stake in shares of McDonald's during the 4th quarter worth approximately $7,493,000. Finally, Pittenger & Anderson Inc. lifted its position in shares of McDonald's by 21.9% during the 4th quarter. Pittenger & Anderson Inc. now owns 21,487 shares of the fast-food giant's stock worth $6,567,000 after buying an additional 3,866 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald's Stock Performance

Shares of McDonald's stock opened at $270.21 on Friday. The company has a market cap of $191.98 billion, a P/E ratio of 22.28, a PEG ratio of 2.69 and a beta of 0.41. McDonald's Corporation has a one year low of $264.53 and a one year high of $341.75. The firm has a fifty day moving average of $283.43 and a two-hundred day moving average of $304.54.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The fast-food giant reported $2.83 EPS for the quarter, beating analysts' consensus estimates of $2.74 by $0.09. The firm had revenue of $6.52 billion during the quarter, compared to the consensus estimate of $6.47 billion. McDonald's had a net margin of 31.62% and a negative return on equity of 442.10%. The firm's revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.67 earnings per share. As a group, equities analysts predict that McDonald's Corporation will post 12.93 earnings per share for the current year.

McDonald's Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd were given a dividend of $1.86 per share. This represents a $7.44 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Tuesday, June 2nd. McDonald's's payout ratio is presently 61.34%.

More McDonald's News

Here are the key news stories impacting McDonald's this week:

Insider Buying and Selling at McDonald's

In related news, insider Joseph M. Erlinger sold 5,252 shares of the business's stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $284.32, for a total value of $1,493,248.64. Following the sale, the insider directly owned 7,734 shares in the company, valued at $2,198,930.88. The trade was a 40.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Desiree Ralls-Morrison sold 2,763 shares of the firm's stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $278.36, for a total transaction of $769,108.68. Following the transaction, the executive vice president owned 6,268 shares of the company's stock, valued at $1,744,760.48. This trade represents a 30.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 11,307 shares of company stock worth $3,262,622 in the last three months. 0.26% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Evercore set a $350.00 target price on shares of McDonald's in a research report on Friday, May 8th. Erste Group Bank lowered McDonald's from a "buy" rating to a "hold" rating in a report on Monday, April 27th. Tigress Financial boosted their target price on McDonald's from $360.00 to $385.00 and gave the company a "buy" rating in a report on Friday, March 6th. Barclays dropped their price target on McDonald's from $380.00 to $350.00 and set an "overweight" rating on the stock in a research note on Friday, May 8th. Finally, Cfra upgraded McDonald's to a "buy" rating in a research note on Friday, May 8th. Sixteen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $336.26.

Check Out Our Latest Analysis on McDonald's

McDonald's Company Profile

(Free Report)

McDonald's Corporation NYSE: MCD is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald's serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand's national and international expansion.

Recommended Stories

Want to see what other hedge funds are holding MCD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for McDonald's Corporation (NYSE:MCD - Free Report).

Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in McDonald's Right Now?

Before you consider McDonald's, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and McDonald's wasn't on the list.

While McDonald's currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Stocks That Could Be Bigger Than Tesla, Nvidia, and Google Cover

Looking for the next FAANG stock before everyone has heard about it? Click the link to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines