McDonald’s Co. (NYSE:MCD) Shares Acquired by Advisor OS LLC

Advisor OS LLC raised its stake in McDonald’s Co. (NYSE:MCDGet Rating) by 10.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,762 shares of the fast-food giant’s stock after acquiring an additional 661 shares during the period. Advisor OS LLC’s holdings in McDonald’s were worth $1,671,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in McDonald’s by 4.5% in the fourth quarter. BlackRock Inc. now owns 52,918,755 shares of the fast-food giant’s stock valued at $14,185,930,000 after acquiring an additional 2,294,758 shares during the period. State Street Corp raised its holdings in shares of McDonald’s by 2.9% during the fourth quarter. State Street Corp now owns 36,973,382 shares of the fast-food giant’s stock valued at $9,911,455,000 after buying an additional 1,033,751 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of McDonald’s by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 12,846,007 shares of the fast-food giant’s stock valued at $3,435,310,000 after buying an additional 257,679 shares during the last quarter. Norges Bank bought a new stake in shares of McDonald’s during the fourth quarter valued at approximately $2,060,325,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of McDonald’s by 1.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,009,249 shares of the fast-food giant’s stock valued at $1,342,830,000 after buying an additional 86,884 shares during the last quarter. 68.44% of the stock is currently owned by institutional investors and hedge funds.

McDonald’s Price Performance

NYSE:MCD traded down $0.01 during trading hours on Friday, reaching $266.57. The company’s stock had a trading volume of 14,197 shares, compared to its average volume of 2,427,782. The company has a market cap of $196.12 billion, a price-to-earnings ratio of 32.83, a price-to-earnings-growth ratio of 3.24 and a beta of 0.56. McDonald’s Co. has a one year low of $217.68 and a one year high of $271.15. The business’s 50-day moving average is $252.66 and its 200-day moving average is $248.41.

McDonald’s (NYSE:MCDGet Rating) last released its earnings results on Tuesday, July 26th. The fast-food giant reported $2.55 earnings per share for the quarter, topping analysts’ consensus estimates of $2.47 by $0.08. The firm had revenue of $5.72 billion during the quarter, compared to analyst estimates of $5.82 billion. McDonald’s had a net margin of 25.77% and a negative return on equity of 129.90%. The business’s revenue was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.37 EPS. On average, sell-side analysts predict that McDonald’s Co. will post 9.83 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 16th. Investors of record on Thursday, September 1st will be paid a $1.38 dividend. The ex-dividend date is Wednesday, August 31st. This represents a $5.52 dividend on an annualized basis and a yield of 2.07%. McDonald’s’s payout ratio is currently 67.98%.

Wall Street Analysts Forecast Growth

MCD has been the topic of a number of recent analyst reports. Robert W. Baird set a $285.00 price target on McDonald’s in a report on Tuesday, July 19th. Royal Bank of Canada boosted their target price on McDonald’s from $292.00 to $305.00 and gave the stock an “outperform” rating in a report on Wednesday, July 27th. BMO Capital Markets boosted their target price on McDonald’s from $285.00 to $300.00 and gave the stock an “outperform” rating in a report on Tuesday. Jefferies Financial Group dropped their target price on McDonald’s from $306.00 to $298.00 and set a “buy” rating on the stock in a report on Wednesday, July 27th. Finally, Guggenheim boosted their target price on McDonald’s to $290.00 and gave the stock an “outperform” rating in a report on Wednesday, July 27th. Seven equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $284.74.

Insider Activity at McDonald’s

In other news, Chairman Enrique Hernandez, Jr. sold 4,500 shares of the stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $264.02, for a total transaction of $1,188,090.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Chairman Enrique Hernandez, Jr. sold 4,500 shares of the stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $264.02, for a total value of $1,188,090.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Catherine A. Hoovel sold 2,371 shares of the stock in a transaction on Wednesday, July 27th. The stock was sold at an average price of $255.62, for a total transaction of $606,075.02. Following the completion of the sale, the senior vice president now owns 1,184 shares in the company, valued at $302,654.08. The disclosure for this sale can be found here. Insiders have sold a total of 20,191 shares of company stock valued at $5,250,365 over the last quarter. 0.25% of the stock is owned by company insiders.

McDonald’s Company Profile

(Get Rating)

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer hamburgers and cheeseburgers, chicken sandwiches and nuggets, wraps, fries, salads, oatmeal, shakes, desserts, sundaes, soft serve cones, bakery items, soft drinks, coffee, and beverages and other beverages, as well as breakfast menu, including biscuit and bagel sandwiches, breakfast burritos, hotcakes, and other sandwiches.

See Also

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

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