Passive Capital Management LLC. Buys 1,184 Shares of McDonald's Corporation (NYSE:MCD)

Key Points

• Passive Capital Management LLC has significantly increased its stake in McDonald's Corporation by 156.2%, holding a total of 1,942 shares worth approximately $607,000.
• Recent institutional investments in McDonald's show an overall trend of increased ownership, with 70.29% of the stock currently held by institutional investors and hedge funds.
• McDonald's has declared a $1.77 quarterly dividend, translating to an annualized dividend of $7.08 and a yield of 2.37%.

Passive Capital Management LLC. lifted its holdings in McDonald's Corporation (NYSE:MCD - Free Report) by 156.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,942 shares of the fast-food giant's stock after purchasing an additional 1,184 shares during the period. Passive Capital Management LLC.'s holdings in McDonald's were worth $607,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Nkcfo LLC purchased a new stake in McDonald's during the first quarter valued at about $153,000. Shoker Investment Counsel Inc. lifted its stake in McDonald's by 1.8% during the first quarter. Shoker Investment Counsel Inc. now owns 10,367 shares of the fast-food giant's stock valued at $3,239,000 after buying an additional 186 shares in the last quarter. Metis Global Partners LLC lifted its stake in McDonald's by 10.9% during the first quarter. Metis Global Partners LLC now owns 54,020 shares of the fast-food giant's stock valued at $16,874,000 after buying an additional 5,312 shares in the last quarter. First National Advisers LLC lifted its stake in McDonald's by 12.5% during the first quarter. First National Advisers LLC now owns 1,473 shares of the fast-food giant's stock valued at $460,000 after buying an additional 164 shares in the last quarter. Finally, TCW Group Inc. lifted its stake in McDonald's by 0.7% during the first quarter. TCW Group Inc. now owns 13,049 shares of the fast-food giant's stock valued at $4,076,000 after buying an additional 89 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company's stock.

Insider Buying and Selling at McDonald's

In other news, CMO Edith Morgan Flatley sold 1,000 shares of the firm's stock in a transaction on 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. This trade represents a 10.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of McDonald's stock in a transaction 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 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 3,817 shares of company stock worth $1,147,992. 0.25% of the stock is currently owned by corporate insiders.

McDonald's Price Performance

Shares of McDonald's stock traded down $1.97 during midday trading on Thursday, hitting $301.65. The company had a trading volume of 979,002 shares, compared to its average volume of 3,579,421. The business's 50 day simple moving average is $299.96 and its two-hundred day simple moving average is $303.25. The stock has a market cap of $215.69 billion, a PE ratio of 26.63, a P/E/G ratio of 3.17 and a beta of 0.53. McDonald's Corporation has a 1-year low of $262.40 and a 1-year high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.67. The business had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.17 billion. McDonald's had a net margin of 31.75% and a negative return on equity of 195.27%. McDonald's's quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter last year, the company posted $2.70 earnings per share. 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be paid a $1.77 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.35%. McDonald's's payout ratio is 62.49%.

Analyst Upgrades and Downgrades

MCD has been the subject of a number of analyst reports. Morgan Stanley upped their price objective on shares of McDonald's from $324.00 to $326.00 and gave the company an "equal weight" rating in a research note on Monday, July 14th. KeyCorp reduced their price target on shares of McDonald's from $340.00 to $325.00 and set an "overweight" rating for the company in a research report on Monday, June 30th. Erste Group Bank lowered shares of McDonald's from a "strong-buy" rating to a "hold" rating in a research report on Saturday, May 24th. Citigroup increased their price target on shares of McDonald's from $364.00 to $365.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Finally, Northcoast Research lowered shares of McDonald's from a "buy" rating to a "neutral" rating in a research report on Tuesday, May 6th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $323.39.

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.