McDonald’s Corporation $MCD Stock Position Raised by CW Advisors LLC

CW Advisors LLC increased its position in shares of McDonald’s Corporation (NYSE:MCD) by 18.6% in the 1st quarter, Holdings Channel.com reports. The fund owned 83,766 shares of the fast-food giant’s stock after buying an additional 13,122 shares during the quarter. CW Advisors LLC’s holdings in McDonald’s were worth $26,149,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Nuveen LLC bought a new position in shares of McDonald’s in the first quarter valued at approximately $1,324,961,000. GAMMA Investing LLC lifted its holdings in McDonald’s by 39,039.7% during the first quarter. GAMMA Investing LLC now owns 3,497,919 shares of the fast-food giant’s stock worth $1,092,645,000 after acquiring an additional 3,488,982 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in McDonald’s by 16.8% in 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. Castlekeep Investment Advisors LLC acquired a new position in McDonald’s in the 4th quarter worth $350,935,000. Finally, Northern Trust Corp boosted its stake in McDonald’s by 11.2% in the 4th quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant’s stock worth $2,570,511,000 after purchasing an additional 895,896 shares during the period. 70.29% of the stock is currently owned by institutional investors.

McDonald’s Stock Performance

Shares of MCD stock opened at $313.13 on Thursday. The company has a market capitalization of $223.45 billion, a price-to-earnings ratio of 26.83, a PEG ratio of 3.17 and a beta of 0.52. The company has a 50-day simple moving average of $298.57 and a two-hundred day simple moving average of $305.40. McDonald’s Corporation has a 52-week low of $276.53 and a 52-week high of $326.32.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $6.84 billion for the quarter, compared to analysts’ expectations of $6.68 billion. During the same period in the prior year, the company posted $2.97 EPS. McDonald’s’s revenue was up 5.4% compared to the same quarter last year. On average, sell-side analysts forecast that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be given a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Tuesday, September 2nd. McDonald’s’s dividend payout ratio (DPR) is presently 60.67%.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, CMO Edith Morgan Flatley sold 1,000 shares of the firm’s stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $300.00, for a total value of $300,000.00. Following the sale, the chief marketing officer owned 8,858 shares of the company’s stock, valued at $2,657,400. This trade represents a 10.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of the firm’s stock in a transaction on Wednesday, August 6th. The stock was 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 directly owned 8,754 shares in the company, valued at approximately $2,713,740. This trade represents a 22.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,280 shares of company stock worth $2,525,178 in the last 90 days. 0.25% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on MCD shares. Guggenheim reiterated a “neutral” rating on shares of McDonald’s in a research note on Friday, August 8th. Barclays raised their target price on shares of McDonald’s from $355.00 to $360.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. Citigroup lifted their price objective on shares of McDonald’s from $364.00 to $365.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th. The Goldman Sachs Group raised shares of McDonald’s from a “neutral” rating to a “buy” rating and set a $345.00 price objective on the stock in a research note on Thursday, July 10th. Finally, Argus lowered shares of McDonald’s from a “buy” rating to a “hold” rating in a research report on Friday, June 13th. Thirteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, McDonald’s currently has an average rating of “Hold” and a consensus target price of $326.87.

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.