McDonald’s Co. (NYSE:MCD) Shares Purchased by Confluence Investment Management LLC

Confluence Investment Management LLC increased its stake in shares of McDonald’s Co. (NYSE:MCDGet Rating) by 0.7% in the 2nd quarter, Holdings Channel.com reports. The firm owned 83,764 shares of the fast-food giant’s stock after purchasing an additional 620 shares during the period. Confluence Investment Management LLC’s holdings in McDonald’s were worth $20,680,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of MCD. Artemis Wealth Advisors LLC acquired a new stake in McDonald’s in the first quarter valued at $28,000. Castle Financial & Retirement Planning Associates Inc. acquired a new stake in McDonald’s in the fourth quarter valued at $34,000. Conrad Siegel Investment Advisors Inc. acquired a new stake in McDonald’s in the first quarter valued at $37,000. Rational Advisors LLC lifted its holdings in McDonald’s by 60.6% in the first quarter. Rational Advisors LLC now owns 159 shares of the fast-food giant’s stock valued at $39,000 after acquiring an additional 60 shares during the period. Finally, Cascade Investment Advisors Inc. lifted its holdings in McDonald’s by 70.6% in the first quarter. Cascade Investment Advisors Inc. now owns 203 shares of the fast-food giant’s stock valued at $50,000 after acquiring an additional 84 shares during the period. 67.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MCD. Tigress Financial raised their target price on McDonald’s from $314.00 to $320.00 and gave the company a “buy” rating in a report on Tuesday, August 30th. KeyCorp raised their price target on McDonald’s from $285.00 to $290.00 and gave the company an “overweight” rating in a research report on Wednesday, July 27th. Jefferies Financial Group dropped their price target on McDonald’s from $306.00 to $298.00 and set a “buy” rating for the company in a research report on Wednesday, July 27th. Guggenheim raised their price target on McDonald’s to $290.00 and gave the company an “outperform” rating in a research report on Wednesday, July 27th. Finally, Credit Suisse Group raised their price target on McDonald’s from $285.00 to $287.00 and gave the company an “outperform” rating in a research report on Wednesday, July 27th. Eight research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $285.04.

McDonald’s Price Performance

NYSE MCD opened at $254.91 on Monday. The firm has a market capitalization of $187.54 billion, a P/E ratio of 31.39, a P/E/G ratio of 3.10 and a beta of 0.57. McDonald’s Co. has a 1-year low of $217.68 and a 1-year high of $271.15. The business’s 50-day simple moving average is $258.20 and its 200-day simple moving average is $249.05.

McDonald’s (NYSE:MCDGet Rating) last released its quarterly earnings data on Tuesday, July 26th. The fast-food giant reported $2.55 earnings per share for the quarter, beating the consensus estimate of $2.47 by $0.08. The business had revenue of $5.72 billion for the quarter, compared to analyst estimates of $5.82 billion. McDonald’s had a negative return on equity of 129.90% and a net margin of 25.77%. The company’s revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.37 EPS. On average, equities research analysts expect that McDonald’s Co. will post 9.83 EPS for the current fiscal year.

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Thursday, September 1st were paid a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend was Wednesday, August 31st. McDonald’s’s dividend payout ratio is currently 67.98%.

Insider Activity

In related news, SVP Catherine A. Hoovel sold 2,371 shares of the business’s stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 1,184 shares of the company’s stock, valued at approximately $302,654.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Catherine A. Hoovel sold 2,371 shares of the business’s stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 1,184 shares of the company’s stock, valued at approximately $302,654.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Enrique Hernandez, Jr. sold 4,500 shares of the business’s stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $264.02, for a total value of $1,188,090.00. The disclosure for this sale can be found here. Insiders have sold 20,191 shares of company stock valued at $5,250,365 in the last three months. Corporate insiders own 0.25% of the company’s stock.

McDonald’s 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.

Further Reading

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 Co. (NYSE:MCDGet Rating).

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

Receive News & Ratings for McDonald's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDonald's and related companies with MarketBeat.com's FREE daily email newsletter.