LRI Investments LLC Has $2.04 Million Stake in McDonald’s Corporation $MCD

LRI Investments LLC trimmed its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 0.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,994 shares of the fast-food giant’s stock after selling 51 shares during the quarter. LRI Investments LLC’s holdings in McDonald’s were worth $2,043,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of MCD. Brighton Jones LLC increased its position in McDonald’s by 21.6% during the fourth quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant’s stock worth $2,692,000 after buying an additional 1,649 shares during the last quarter. Revolve Wealth Partners LLC grew its position 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 valued at $563,000 after purchasing an additional 52 shares during the last quarter. Quotient Wealth Partners LLC grew its position in shares of McDonald’s by 10.9% in the first quarter. Quotient Wealth Partners LLC now owns 2,616 shares of the fast-food giant’s stock valued at $817,000 after purchasing an additional 258 shares during the last quarter. SSA Swiss Advisors AG acquired a new stake in shares of McDonald’s in the first quarter valued at about $175,000. Finally, GAMMA Investing LLC grew its position in shares of McDonald’s by 25.3% in the first quarter. GAMMA Investing LLC now owns 11,198 shares of the fast-food giant’s stock valued at $3,498,000 after purchasing an additional 2,261 shares during the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald’s Stock Performance

MCD opened at $297.07 on Friday. The company has a fifty day moving average price of $306.31 and a two-hundred day moving average price of $305.74. McDonald’s Corporation has a 52 week low of $276.53 and a 52 week high of $326.32. The firm has a market capitalization of $211.99 billion, a PE ratio of 25.46, a P/E/G ratio of 3.12 and a beta of 0.50.

McDonald’s (NYSE:MCD) last released its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 EPS for the quarter, topping analysts’ consensus estimates of $3.15 by $0.04. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. The firm had revenue of $6.84 billion during the quarter, compared to analyst estimates of $6.68 billion. During the same quarter in the previous year, the business earned $2.97 EPS. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. Equities analysts forecast that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were issued a $1.77 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.4%. McDonald’s’s payout ratio is 60.67%.

Insider Activity at McDonald’s

In related news, insider Joseph M. Erlinger sold 939 shares of the business’s stock in a transaction 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 sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CMO Edith Morgan Flatley sold 1,000 shares of the business’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total transaction of $315,000.00. Following the completion of the sale, the chief marketing officer directly owned 6,858 shares in the company, valued at $2,160,270. This represents a 12.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,402 shares of company stock valued at $1,973,407. 0.25% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on MCD shares. Royal Bank Of Canada started coverage on McDonald’s in a research report on Wednesday. They issued a “sector perform” rating and a $320.00 price target on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of McDonald’s in a research report on Wednesday. Guggenheim lowered their price target on McDonald’s from $310.00 to $295.00 and set a “neutral” rating on the stock in a research report on Friday. BMO Capital Markets raised their price target on McDonald’s from $350.00 to $360.00 and gave the company an “outperform” rating in a research report on Thursday, September 4th. Finally, Melius began coverage on shares of McDonald’s in a research note on Monday, July 14th. They issued a “sell” rating and a $250.00 target price for the company. Eleven equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $325.18.

About McDonald’s

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.