Vestmark Advisory Solutions Inc. Acquires 6,384 Shares of McDonald's Corporation $MCD

Key Points

• Vestmark Advisory Solutions Inc. increased its holdings in McDonald's Corporation by 84.3%, acquiring an additional 6,384 shares, bringing its total to 13,954 shares valued at approximately $4.36 million.
• McDonald's reported earnings per share (EPS) of $3.19 for the last quarter, exceeding analysts' expectations of $3.15, and noted a revenue of $6.84 billion.
• The company declared a quarterly dividend of $1.77 per share, set to be paid on September 16th, with a dividend yield of 2.3%.

Vestmark Advisory Solutions Inc. boosted its stake in McDonald's Corporation (NYSE:MCD - Free Report) by 84.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,954 shares of the fast-food giant's stock after purchasing an additional 6,384 shares during the period. Vestmark Advisory Solutions Inc.'s holdings in McDonald's were worth $4,359,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC grew its position in McDonald's by 21.6% during the 4th quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant's stock valued at $2,692,000 after purchasing an additional 1,649 shares during the last quarter. Revolve Wealth Partners LLC lifted its stake in shares of McDonald's by 2.8% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant's stock worth $563,000 after buying an additional 52 shares in the last quarter. Bank Pictet & Cie Europe AG grew its holdings in shares of McDonald's by 15.3% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 209,464 shares of the fast-food giant's stock valued at $60,722,000 after buying an additional 27,774 shares during the last quarter. GHE LLC increased its position in shares of McDonald's by 0.9% during the fourth quarter. GHE LLC now owns 14,677 shares of the fast-food giant's stock valued at $4,255,000 after acquiring an additional 136 shares in the last quarter. Finally, Jump Financial LLC increased its position in shares of McDonald's by 313.8% during the fourth quarter. Jump Financial LLC now owns 3,567 shares of the fast-food giant's stock valued at $1,034,000 after acquiring an additional 2,705 shares in the last quarter. Institutional investors own 70.29% of the company's stock.

McDonald's Trading Up 1.0%

Shares of MCD traded up $2.9660 during trading hours on Wednesday, reaching $313.8960. 2,416,103 shares of the stock traded hands, compared to its average volume of 3,600,204. The company has a market cap of $224.00 billion, a P/E ratio of 26.89, a price-to-earnings-growth ratio of 3.15 and a beta of 0.52. The company's 50-day moving average price is $298.34 and its two-hundred day moving average price is $305.35. McDonald's Corporation has a 52-week low of $276.53 and a 52-week 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 EPS for the quarter, beating analysts' consensus estimates of $3.15 by $0.04. McDonald's had a negative return on equity of 225.52% and a net margin of 32.21%.The business had revenue of $6.84 billion for the quarter, compared to analysts' expectations of $6.68 billion. During the same period last year, the firm earned $2.97 earnings per share. The business's quarterly revenue was up 5.4% on a year-over-year basis. On average, research analysts forecast that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Dividend Announcement

The business also recently announced 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 annualized dividend and a 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%.

Analyst Upgrades and Downgrades

MCD has been the topic of several recent analyst reports. Evercore ISI increased their target price on McDonald's from $350.00 to $360.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. Barclays increased their price objective on McDonald's from $355.00 to $360.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. Loop Capital lowered McDonald's from a "buy" rating to a "hold" rating and decreased their target price for the stock from $346.00 to $315.00 in a research report on Friday, June 6th. Guggenheim restated a "neutral" rating on shares of McDonald's in a research note on Friday, August 8th. Finally, Bank of America reduced their price target on shares of McDonald's from $327.00 to $322.00 and set a "neutral" rating for the company in a research note on Friday, July 18th. Thirteen research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, McDonald's currently has an average rating of "Hold" and an average target price of $326.87.

Insider Activity at McDonald's

In related news, EVP Desiree Ralls-Morrison sold 2,487 shares of the business's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total value of $770,970.00. Following the sale, the executive vice president directly owned 8,754 shares in the company, valued at approximately $2,713,740. The trade was a 22.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total value of $281,221.11. Following the transaction, the insider directly owned 9,283 shares of the company's stock, valued at approximately $2,780,165.67. The trade was a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,280 shares of company stock valued at $2,525,178. 0.25% of the stock is currently owned by insiders.

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.