McDonald’s Corporation $MCD Shares Purchased by 3Chopt Investment Partners LLC

3Chopt Investment Partners LLC lifted its position in shares of McDonald’s Corporation (NYSE:MCD) by 0.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,860 shares of the fast-food giant’s stock after buying an additional 49 shares during the period. 3Chopt Investment Partners LLC’s holdings in McDonald’s were worth $2,004,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in MCD. Vanguard Group Inc. increased its position in shares of McDonald’s by 0.3% during the first quarter. Vanguard Group Inc. now owns 70,409,095 shares of the fast-food giant’s stock worth $21,993,689,000 after acquiring an additional 239,753 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of McDonald’s by 16.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,341,460 shares of the fast-food giant’s stock worth $2,917,993,000 after purchasing an additional 1,344,954 shares during the period. Northern Trust Corp grew its stake in McDonald’s by 1.1% during the 1st quarter. Northern Trust Corp now owns 8,965,159 shares of the fast-food giant’s stock worth $2,800,447,000 after buying an additional 97,966 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in McDonald’s by 2.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,142,473 shares of the fast-food giant’s stock valued at $1,606,354,000 after purchasing an additional 123,454 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of McDonald’s by 19.6% in the first quarter. Goldman Sachs Group Inc. now owns 4,982,825 shares of the fast-food giant’s stock valued at $1,556,485,000 after purchasing an additional 815,768 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MCD. Barclays increased their price objective on shares of McDonald’s from $355.00 to $360.00 and gave the company an “overweight” rating in a report on Thursday, August 7th. Guggenheim reaffirmed a “neutral” rating on shares of McDonald’s in a research report on Friday, August 8th. Royal Bank Of Canada assumed coverage on McDonald’s in a report on Wednesday. They issued a “sector perform” rating and a $320.00 target price on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of McDonald’s in a report on Wednesday. Finally, Evercore ISI boosted their price objective on shares of McDonald’s from $350.00 to $360.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. Eleven analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $324.73.

McDonald’s Stock Performance

MCD opened at $293.76 on Friday. The company has a market cap of $209.63 billion, a PE ratio of 25.17, a price-to-earnings-growth ratio of 3.00 and a beta of 0.50. The stock has a 50-day moving average of $306.43 and a 200-day moving average of $305.86. McDonald’s Corporation has a 52-week low of $276.53 and a 52-week high of $326.32.

McDonald’s (NYSE:MCD) last posted its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.04. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The firm had revenue of $6.84 billion during the quarter, compared to analyst estimates of $6.68 billion. During the same period in the previous year, the company earned $2.97 EPS. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, research analysts predict that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were issued a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Tuesday, September 2nd. McDonald’s’s dividend payout ratio is 60.67%.

Insiders Place Their Bets

In other news, CMO Edith Morgan Flatley sold 1,000 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total value of $315,000.00. Following the sale, the chief marketing officer owned 6,858 shares in the company, valued at approximately $2,160,270. This trade represents a 12.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 transaction, the executive vice president owned 99 shares in the company, valued at $30,690. This represents a 90.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,402 shares of company stock valued at $1,973,407. Corporate insiders own 0.25% of the company’s stock.

McDonald’s Company 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.