Inceptionr LLC Takes $640,000 Position in McDonald’s Corporation $MCD

Inceptionr LLC purchased a new position in shares of McDonald’s Corporation (NYSE:MCD) in the second quarter, HoldingsChannel.com reports. The institutional investor purchased 2,191 shares of the fast-food giant’s stock, valued at approximately $640,000.

Several other hedge funds also recently added to or reduced their stakes in MCD. Brighton Jones LLC grew its position in McDonald’s by 21.6% in the 4th quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant’s stock valued at $2,692,000 after acquiring an additional 1,649 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of McDonald’s by 2.8% during 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 period. GSA Capital Partners LLP boosted its stake in shares of McDonald’s by 56.2% during the first quarter. GSA Capital Partners LLP now owns 3,774 shares of the fast-food giant’s stock valued at $1,179,000 after purchasing an additional 1,358 shares during the period. Harvest Fund Management Co. Ltd bought a new position in shares of McDonald’s in the first quarter worth about $89,000. Finally, Modera Wealth Management LLC increased its stake in McDonald’s by 2.9% in the 1st quarter. Modera Wealth Management LLC now owns 29,613 shares of the fast-food giant’s stock worth $9,250,000 after buying an additional 848 shares during the period. 70.29% of the stock is currently owned by institutional investors.

Insider Activity

In other McDonald’s news, EVP Manuel Jm Steijaert sold 13,134 shares of McDonald’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $300.42, for a total value of $3,945,716.28. Following the transaction, the executive vice president directly owned 4,606 shares of the company’s stock, valued at approximately $1,383,734.52. The trade was a 74.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 3,195 shares of the company’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $305.82, for a total value of $977,094.90. Following the transaction, the insider directly owned 6,088 shares in the company, valued at approximately $1,861,832.16. The trade was a 34.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 34,463 shares of company stock worth $10,549,351 in the last quarter. 0.25% of the stock is currently owned by corporate insiders.

McDonald’s Trading Up 0.6%

Shares of NYSE MCD opened at $312.43 on Friday. The stock has a market capitalization of $222.50 billion, a PE ratio of 26.77, a price-to-earnings-growth ratio of 3.23 and a beta of 0.50. The stock’s fifty day simple moving average is $303.55 and its two-hundred day simple moving average is $304.20. McDonald’s Corporation has a 12-month low of $276.53 and a 12-month high of $326.32.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 EPS for the quarter, missing the consensus estimate of $3.33 by ($0.11). The company had revenue of $7.08 billion during the quarter, compared to the consensus estimate of $7.10 billion. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The company’s revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the firm posted $3.23 earnings per share. On average, equities analysts predict that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a $1.86 dividend. The ex-dividend date is Monday, December 1st. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.4%. This is an increase from McDonald’s’s previous quarterly dividend of $1.77. McDonald’s’s dividend payout ratio (DPR) is 63.48%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on MCD shares. Mizuho raised shares of McDonald’s to a “hold” rating in a research report on Tuesday, October 28th. Robert W. Baird boosted their price target on McDonald’s from $322.00 to $325.00 and gave the company a “neutral” rating in a report on Thursday, November 6th. Royal Bank Of Canada assumed coverage on McDonald’s in a report on Wednesday, October 8th. They set a “sector perform” rating and a $320.00 price objective on the stock. JPMorgan Chase & Co. upped their target price on McDonald’s from $305.00 to $310.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. Finally, Morgan Stanley set a $335.00 price target on McDonald’s in a research report on Friday, October 17th. Eleven analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $324.57.

McDonald’s Profile

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.