Great Lakes Advisors LLC Boosts Stock Holdings in McDonald’s Co. (NYSE:MCD)

Great Lakes Advisors LLC lifted its stake in shares of McDonald’s Co. (NYSE:MCDGet Rating) by 2.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,172 shares of the fast-food giant’s stock after acquiring an additional 661 shares during the quarter. Great Lakes Advisors LLC’s holdings in McDonald’s were worth $7,709,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. BI Asset Management Fondsmaeglerselskab A S grew its stake in shares of McDonald’s by 4.2% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,611 shares of the fast-food giant’s stock worth $432,000 after purchasing an additional 65 shares in the last quarter. Mount Yale Investment Advisors LLC grew its stake in shares of McDonald’s by 3.6% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 2,701 shares of the fast-food giant’s stock worth $724,000 after purchasing an additional 93 shares in the last quarter. Pinnacle Associates Ltd. grew its stake in shares of McDonald’s by 9.4% during the fourth quarter. Pinnacle Associates Ltd. now owns 51,734 shares of the fast-food giant’s stock worth $13,868,000 after purchasing an additional 4,433 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of McDonald’s by 92.6% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 19,764 shares of the fast-food giant’s stock worth $5,298,000 after purchasing an additional 9,501 shares in the last quarter. Finally, TrueWealth Advisors LLC acquired a new position in shares of McDonald’s during the fourth quarter worth $246,000. Hedge funds and other institutional investors own 68.44% of the company’s stock.

Insider Activity

In other news, insider Ian Frederick Borden sold 8,000 shares of the stock in a transaction that occurred on Wednesday, July 27th. The shares were sold at an average price of $255.80, for a total value of $2,046,400.00. Following the sale, the insider now directly owns 7,131 shares in the company, valued at $1,824,109.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Catherine A. Hoovel sold 2,371 shares of the stock in a transaction that occurred on Wednesday, July 27th. The shares were sold at an average price of $255.62, for a total value of $606,075.02. Following the sale, the senior vice president now directly owns 1,184 shares in the company, valued at $302,654.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ian Frederick Borden sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 27th. The stock was sold at an average price of $255.80, for a total transaction of $2,046,400.00. Following the sale, the insider now owns 7,131 shares in the company, valued at approximately $1,824,109.80. The disclosure for this sale can be found here. Insiders have sold 20,191 shares of company stock worth $5,250,365 over the last ninety days. 0.25% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

MCD has been the subject of several research analyst reports. Barclays decreased their price objective on shares of McDonald’s from $289.00 to $285.00 and set an “overweight” rating for the company in a research note on Wednesday, July 27th. KeyCorp upped their price objective on shares of McDonald’s from $285.00 to $290.00 and gave the company an “overweight” rating in a research note on Wednesday, July 27th. Citigroup upped their price objective on shares of McDonald’s from $266.00 to $275.00 and gave the company a “neutral” rating in a research note on Wednesday, July 27th. Deutsche Bank Aktiengesellschaft downgraded shares of McDonald’s from a “buy” rating to a “hold” rating and decreased their price objective for the company from $263.00 to $259.00 in a research note on Wednesday, July 27th. Finally, Atlantic Securities upgraded shares of McDonald’s from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $245.00 to $278.00 in a research note on Wednesday, June 29th. Seven investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $284.19.

McDonald’s Trading Down 0.5 %

Shares of McDonald’s stock opened at $259.23 on Friday. McDonald’s Co. has a 12-month low of $217.68 and a 12-month high of $271.15. The stock has a market cap of $191.71 billion, a PE ratio of 31.92, a price-to-earnings-growth ratio of 3.18 and a beta of 0.56. The company has a 50-day moving average of $250.10 and a two-hundred day moving average of $247.83.

McDonald’s (NYSE:MCDGet Rating) last issued its earnings results on Tuesday, July 26th. The fast-food giant reported $2.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.47 by $0.08. McDonald’s had a net margin of 25.77% and a negative return on equity of 135.58%. The company had revenue of $5.72 billion during the quarter, compared to analysts’ expectations of $5.82 billion. During the same period last year, the company posted $2.37 earnings per share. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. On average, sell-side analysts forecast that McDonald’s Co. will post 9.8 EPS for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 16th. Stockholders of record on Thursday, September 1st will be given a $1.38 dividend. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $5.52 annualized dividend and a dividend yield of 2.13%. McDonald’s’s dividend payout ratio is presently 67.98%.

McDonald’s Profile

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

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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