Alexander Labrunerie & CO. Inc. Purchases 35 Shares of McDonald’s Corporation (NYSE:MCD)

Alexander Labrunerie & CO. Inc. boosted its position in shares of McDonald’s Corporation (NYSE:MCD) by 3.4% in the first quarter, Holdings Channel.com reports. The firm owned 1,070 shares of the fast-food giant’s stock after acquiring an additional 35 shares during the period. Alexander Labrunerie & CO. Inc.’s holdings in McDonald’s were worth $334,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Red Door Wealth Management LLC grew its holdings in shares of McDonald’s by 1.9% in the 1st quarter. Red Door Wealth Management LLC now owns 5,724 shares of the fast-food giant’s stock valued at $1,788,000 after acquiring an additional 109 shares in the last quarter. Aviva PLC grew its holdings in shares of McDonald’s by 5.6% in the 4th quarter. Aviva PLC now owns 432,406 shares of the fast-food giant’s stock valued at $125,350,000 after acquiring an additional 23,024 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of McDonald’s by 5.6% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 345,319 shares of the fast-food giant’s stock valued at $107,867,000 after acquiring an additional 18,393 shares in the last quarter. Sagespring Wealth Partners LLC grew its holdings in shares of McDonald’s by 22.9% in the 1st quarter. Sagespring Wealth Partners LLC now owns 17,226 shares of the fast-food giant’s stock valued at $5,381,000 after acquiring an additional 3,212 shares in the last quarter. Finally, Segment Wealth Management LLC lifted its stake in McDonald’s by 1.7% in the 1st quarter. Segment Wealth Management LLC now owns 54,672 shares of the fast-food giant’s stock valued at $17,078,000 after purchasing an additional 937 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on MCD shares. Robert W. Baird raised their target price on shares of McDonald’s from $300.00 to $315.00 and gave the company a “neutral” rating in a research note on Friday, May 2nd. Redburn Atlantic restated a “sell” rating and set a $260.00 price objective (down from $319.00) on shares of McDonald’s in a research report on Tuesday, June 10th. Northcoast Research downgraded shares of McDonald’s from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 6th. Argus downgraded shares of McDonald’s from a “buy” rating to a “hold” rating in a research report on Friday, June 13th. Finally, Citigroup lifted their price target on shares of McDonald’s from $364.00 to $365.00 and gave the company a “buy” rating in a research report on Wednesday, July 9th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, McDonald’s presently has an average rating of “Hold” and a consensus target price of $319.48.

Insiders Place Their Bets

In other McDonald’s news, CMO Edith Morgan Flatley sold 1,000 shares of the business’s stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $300.00, for a total transaction of $300,000.00. Following the sale, the chief marketing officer owned 8,858 shares of the company’s stock, valued at approximately $2,657,400. The trade was a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of the business’s stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $288.52, for a total transaction of $270,920.28. Following the sale, the insider directly owned 10,222 shares in the company, valued at approximately $2,949,251.44. The trade was a 8.41% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,817 shares of company stock worth $1,165,843. Insiders own 0.25% of the company’s stock.

McDonald’s Price Performance

Shares of NYSE:MCD opened at $300.26 on Friday. The company’s 50 day simple moving average is $302.83 and its 200 day simple moving average is $302.68. The stock has a market capitalization of $214.70 billion, a price-to-earnings ratio of 26.50, a price-to-earnings-growth ratio of 3.12 and a beta of 0.53. McDonald’s Corporation has a 1 year low of $246.12 and a 1 year high of $326.32.

McDonald’s (NYSE:MCD) last posted its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.67. The firm had revenue of $5.96 billion for the quarter, compared to analysts’ expectations of $6.17 billion. McDonald’s had a net margin of 31.75% and a negative return on equity of 195.27%. The company’s revenue was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.70 earnings per share. As a group, analysts anticipate that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a dividend of $1.77 per share. The ex-dividend date was Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.36%. McDonald’s’s payout ratio is presently 62.49%.

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.