Focus Partners Wealth Purchases 26,518 Shares of McDonald’s Corporation $MCD

Focus Partners Wealth lifted its position in McDonald’s Corporation (NYSE:MCD) by 6.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 441,983 shares of the fast-food giant’s stock after buying an additional 26,518 shares during the period. Focus Partners Wealth’s holdings in McDonald’s were worth $138,063,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the stock. Brighton Jones LLC increased its stake in shares of McDonald’s by 21.6% in the fourth quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant’s stock worth $2,692,000 after purchasing an additional 1,649 shares in the last quarter. Revolve Wealth Partners LLC increased its stake 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 worth $563,000 after purchasing an additional 52 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its position in shares of McDonald’s by 15.3% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 209,464 shares of the fast-food giant’s stock worth $60,722,000 after acquiring an additional 27,774 shares during the last quarter. GHE LLC boosted its position in shares of McDonald’s by 0.9% during the fourth quarter. GHE LLC now owns 14,677 shares of the fast-food giant’s stock worth $4,255,000 after acquiring an additional 136 shares during the last quarter. Finally, Triumph Capital Management bought a new position in shares of McDonald’s during the fourth quarter worth $331,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald’s Stock Down 0.1%

MCD stock opened at $312.63 on Wednesday. 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 $223.09 billion, a P/E ratio of 26.79, a price-to-earnings-growth ratio of 3.19 and a beta of 0.49. The company has a fifty day simple moving average of $304.57 and a two-hundred day simple moving average of $306.61.

McDonald’s (NYSE:MCD) last announced its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $6.84 billion for the quarter, compared to the consensus estimate of $6.68 billion. During the same quarter in the prior year, the firm posted $2.97 earnings per share. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. As a group, analysts anticipate that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be paid a $1.77 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.3%. McDonald’s’s dividend payout ratio is currently 60.67%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Barclays upped their target price on shares of McDonald’s from $355.00 to $360.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. Morgan Stanley upped their target price on shares of McDonald’s from $324.00 to $326.00 and gave the stock an “equal weight” rating in a research report on Monday, July 14th. Citigroup upped their target price on shares of McDonald’s from $364.00 to $365.00 and gave the stock a “buy” rating in a research report on Wednesday, July 9th. Loop Capital lowered shares of McDonald’s from a “buy” rating to a “hold” rating and dropped their target price for the stock from $346.00 to $315.00 in a research report on Friday, June 6th. Finally, Argus lowered shares of McDonald’s from a “buy” rating to a “hold” rating in a research report on Friday, June 13th. Eleven analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $325.14.

Insider Activity at McDonald’s

In other news, EVP Jonathan Banner sold 1,000 shares of the business’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total value of $310,000.00. Following the completion of the sale, the executive vice president owned 99 shares in the company, valued at approximately $30,690. The trade was a 90.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of the business’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $310.00, for a total transaction of $770,970.00. Following the completion of the sale, the executive vice president owned 8,754 shares of the company’s stock, valued at approximately $2,713,740. This represents a 22.12% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,341 shares of company stock worth $2,544,327. 0.25% of the stock is currently owned by corporate insiders.

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.