McDonald’s Corporation $MCD Shares Acquired by Osprey Private Wealth LLC

Osprey Private Wealth LLC boosted its position in McDonald’s Corporation (NYSE:MCD) by 40.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,985 shares of the fast-food giant’s stock after buying an additional 4,045 shares during the quarter. McDonald’s makes up about 1.5% of Osprey Private Wealth LLC’s investment portfolio, making the stock its 24th biggest holding. Osprey Private Wealth LLC’s holdings in McDonald’s were worth $4,250,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in shares of 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 buying an additional 1,649 shares during the period. Revolve Wealth Partners LLC lifted its holdings in 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 acquiring an additional 52 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. lifted its holdings in McDonald’s by 2.7% in the first quarter. Van Lanschot Kempen Investment Management N.V. now owns 43,719 shares of the fast-food giant’s stock worth $13,657,000 after acquiring an additional 1,137 shares during the last quarter. Erste Asset Management GmbH boosted its stake in McDonald’s by 2,518.8% in the first quarter. Erste Asset Management GmbH now owns 59,053 shares of the fast-food giant’s stock valued at $17,951,000 after acquiring an additional 56,798 shares during the period. Finally, Level Four Advisory Services LLC grew its holdings in shares of McDonald’s by 4.3% during the first quarter. Level Four Advisory Services LLC now owns 28,553 shares of the fast-food giant’s stock valued at $8,919,000 after purchasing an additional 1,176 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

McDonald’s Price Performance

Shares of McDonald’s stock opened at $318.68 on Thursday. McDonald’s Corporation has a 1-year low of $276.53 and a 1-year high of $326.32. The business’s fifty day moving average price is $306.29 and its two-hundred day moving average price is $303.80. The company has a market capitalization of $226.95 billion, a P/E ratio of 27.19, a PEG ratio of 3.49 and a beta of 0.52.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.33 by ($0.11). The business 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 280.89% and a net margin of 32.04%.During the same period in the previous year, the company posted $3.23 EPS. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. On average, research analysts expect that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were paid a dividend of $1.86 per share. This represents a $7.44 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Monday, December 1st. This is a positive change from McDonald’s’s previous quarterly dividend of $1.77. McDonald’s’s dividend payout ratio is 63.48%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MCD. Barclays cut their price target on McDonald’s from $362.00 to $358.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. Guggenheim increased their target price on McDonald’s from $295.00 to $310.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 19th. Sanford C. Bernstein reiterated a “market perform” rating on shares of McDonald’s in a research note on Wednesday, December 10th. Wells Fargo & Company boosted their price target on shares of McDonald’s from $340.00 to $345.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. Finally, Royal Bank Of Canada started coverage on shares of McDonald’s in a research report on Wednesday, October 8th. They set a “sector perform” rating and a $320.00 price target for the company. Eleven investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $324.57.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, EVP Manuel Jm Steijaert sold 13,134 shares of the business’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $300.42, for a total transaction of $3,945,716.28. Following the sale, the executive vice president directly owned 4,606 shares in the company, valued at approximately $1,383,734.52. The trade was a 74.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 3,195 shares of the stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $305.82, for a total transaction of $977,094.90. Following the completion of the transaction, the insider owned 6,088 shares of the company’s stock, valued at $1,861,832.16. This trade represents a 34.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 40,030 shares of company stock valued at $12,240,570. Company insiders own 0.25% of the company’s stock.

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.