Wealthfront Advisers LLC boosted its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 10.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 77,622 shares of the fast-food giant's stock after purchasing an additional 7,612 shares during the period. Wealthfront Advisers LLC's holdings in McDonald's were worth $24,247,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC increased its position in shares of McDonald's by 21.6% in the fourth quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant's stock worth $2,692,000 after acquiring an additional 1,649 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in McDonald's by 2.8% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant's stock valued at $563,000 after purchasing an additional 52 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its position in shares of McDonald's by 15.3% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 209,464 shares of the fast-food giant's stock worth $60,722,000 after buying an additional 27,774 shares during the period. GHE LLC grew its stake in shares of McDonald's by 0.9% in the fourth quarter. GHE LLC now owns 14,677 shares of the fast-food giant's stock valued at $4,255,000 after buying an additional 136 shares in the last quarter. Finally, Proficio Capital Partners LLC raised its holdings in shares of McDonald's by 50.7% during the 4th quarter. Proficio Capital Partners LLC now owns 2,038 shares of the fast-food giant's stock valued at $591,000 after buying an additional 686 shares during the period. Institutional investors and hedge funds own 70.29% of the company's stock.
Insiders Place Their Bets
In other McDonald's news, CMO Edith Morgan Flatley sold 1,000 shares of the business's stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $300.00, for a total transaction of $300,000.00. Following the completion of the transaction, the chief marketing officer directly owned 8,858 shares of the company's stock, valued at $2,657,400. The trade was a 10.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $288.52, for a total transaction of $270,920.28. Following the completion of the sale, the insider owned 10,222 shares in the company, valued at $2,949,251.44. The trade was a 8.41% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,817 shares of company stock worth $1,165,843 over the last quarter. 0.25% of the stock is currently owned by company insiders.
Analyst Ratings Changes
MCD has been the subject of a number of analyst reports. Loop Capital cut McDonald's from a "buy" rating to a "hold" rating and decreased their price target for the stock from $346.00 to $315.00 in a report on Friday, June 6th. Robert W. Baird raised their price target on shares of McDonald's from $300.00 to $315.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Citigroup lifted their price target on shares of McDonald's from $364.00 to $365.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Barclays upped their price objective on shares of McDonald's from $347.00 to $355.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Finally, Redburn Atlantic reaffirmed a "sell" rating and set a $260.00 target price (down from $319.00) on shares of McDonald's in a research report on Tuesday, June 10th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $319.48.
View Our Latest Stock Report on MCD
McDonald's Stock Up 0.6%
Shares of NYSE:MCD opened at $301.86 on Tuesday. The company has a market cap of $215.84 billion, a PE ratio of 26.64, a P/E/G ratio of 3.13 and a beta of 0.53. McDonald's Corporation has a fifty-two week low of $246.12 and a fifty-two week high of $326.32. The firm has a 50-day simple moving average of $303.84 and a 200 day simple moving average of $302.65.
McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, hitting analysts' consensus estimates of $2.67. McDonald's had a negative return on equity of 195.27% and a net margin of 31.75%. The business had revenue of $5.96 billion for the quarter, compared to analysts' expectations of $6.17 billion. During the same period in the prior year, the firm earned $2.70 EPS. The business's quarterly revenue was down 3.5% on a year-over-year basis. As a group, research analysts forecast that McDonald's Corporation will post 12.25 EPS for the current fiscal year.
McDonald's Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date was Monday, June 2nd. McDonald's's payout ratio is 62.49%.
McDonald's Profile
(
Free Report)
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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