McDonald’s Co. (NYSE:MCD) Shares Bought by Y.D. More Investments Ltd

Y.D. More Investments Ltd lifted its holdings in shares of McDonald’s Co. (NYSE:MCD) by 10.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,497 shares of the fast-food giant’s stock after buying an additional 432 shares during the period. Y.D. More Investments Ltd’s holdings in McDonald’s were worth $1,342,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MCD. Covestor Ltd boosted its holdings in shares of McDonald’s by 103.4% in the first quarter. Covestor Ltd now owns 413 shares of the fast-food giant’s stock valued at $102,000 after acquiring an additional 210 shares in the last quarter. NewEdge Advisors LLC boosted its stake in McDonald’s by 7.7% during the 1st quarter. NewEdge Advisors LLC now owns 69,824 shares of the fast-food giant’s stock valued at $17,266,000 after purchasing an additional 5,007 shares in the last quarter. Mackenzie Financial Corp increased its position in shares of McDonald’s by 4.8% during the 1st quarter. Mackenzie Financial Corp now owns 516,408 shares of the fast-food giant’s stock valued at $127,697,000 after purchasing an additional 23,643 shares during the period. Stevens Capital Management LP bought a new stake in shares of McDonald’s in the 1st quarter worth $1,108,000. Finally, Equitable Holdings Inc. lifted its holdings in shares of McDonald’s by 59.7% in the first quarter. Equitable Holdings Inc. now owns 9,338 shares of the fast-food giant’s stock valued at $2,309,000 after buying an additional 3,490 shares during the period. 67.60% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Wedbush reiterated an “outperform” rating and issued a $330.00 price target on shares of McDonald’s in a research report on Friday, July 28th. Morgan Stanley increased their target price on shares of McDonald’s from $315.00 to $320.00 and gave the company an “overweight” rating in a research note on Monday, July 17th. Loop Capital lifted their price target on shares of McDonald’s from $346.00 to $383.00 in a research report on Friday, July 28th. Tigress Financial increased their price objective on McDonald’s from $330.00 to $355.00 and gave the company a “buy” rating in a research report on Wednesday, September 13th. Finally, Stephens restated an “overweight” rating and issued a $325.00 target price on shares of McDonald’s in a report on Thursday, July 27th. Five research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $323.17.

Insider Activity at McDonald’s

In other news, insider Joseph M. Erlinger sold 4,487 shares of the company’s stock in a transaction that occurred on Friday, June 23rd. The stock was sold at an average price of $291.35, for a total transaction of $1,307,287.45. Following the completion of the transaction, the insider now directly owns 12,038 shares in the company, valued at $3,507,271.30. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CMO Edith Morgan Flatley sold 1,000 shares of the company’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $285.00, for a total transaction of $285,000.00. Following the completion of the transaction, the chief marketing officer now owns 929 shares of the company’s stock, valued at $264,765. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 4,487 shares of the business’s stock in a transaction dated Friday, June 23rd. The shares were sold at an average price of $291.35, for a total value of $1,307,287.45. Following the transaction, the insider now owns 12,038 shares in the company, valued at $3,507,271.30. The disclosure for this sale can be found here. Insiders sold a total of 18,149 shares of company stock worth $5,257,201 in the last 90 days. 0.27% of the stock is owned by company insiders.

McDonald’s Trading Up 0.1 %

NYSE MCD traded up $0.14 during trading on Monday, hitting $278.37. 454,983 shares of the company traded hands, compared to its average volume of 2,538,199. The company has a market capitalization of $202.86 billion, a P/E ratio of 25.69, a PEG ratio of 2.78 and a beta of 0.64. The business has a fifty day simple moving average of $287.27 and a 200 day simple moving average of $286.22. McDonald’s Co. has a 12 month low of $230.58 and a 12 month high of $299.35.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Thursday, July 27th. The fast-food giant reported $3.17 EPS for the quarter, beating the consensus estimate of $2.77 by $0.40. McDonald’s had a negative return on equity of 139.57% and a net margin of 33.06%. The company had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $6.30 billion. During the same quarter last year, the company posted $2.55 earnings per share. The company’s revenue for the quarter was up 13.6% compared to the same quarter last year. Equities research analysts predict that McDonald’s Co. will post 11.49 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Friday, September 1st will be given a dividend of $1.52 per share. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $6.08 annualized dividend and a dividend yield of 2.18%. McDonald’s’s dividend payout ratio is presently 55.93%.

McDonald’s Company Profile

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