Roof Eidam Maycock Peralta LLC Has $215,000 Stock Holdings in McDonald’s Corporation $MCD

Roof Eidam Maycock Peralta LLC lifted its holdings in McDonald’s Corporation (NYSE:MCD) by 13.2% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 736 shares of the fast-food giant’s stock after acquiring an additional 86 shares during the quarter. Roof Eidam Maycock Peralta LLC’s holdings in McDonald’s were worth $215,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Nuveen LLC acquired a new stake in McDonald’s during the 1st quarter worth about $1,324,961,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of McDonald’s by 16.8% during the first 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. Goldman Sachs Group Inc. boosted its holdings in shares of McDonald’s by 19.6% during the first quarter. Goldman Sachs Group Inc. now owns 4,982,825 shares of the fast-food giant’s stock worth $1,556,485,000 after purchasing an additional 815,768 shares during the period. T. Rowe Price Investment Management Inc. boosted its holdings in shares of McDonald’s by 732.6% during the first quarter. T. Rowe Price Investment Management Inc. now owns 650,544 shares of the fast-food giant’s stock worth $203,211,000 after purchasing an additional 572,408 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of McDonald’s by 204.8% during the second quarter. Assenagon Asset Management S.A. now owns 607,145 shares of the fast-food giant’s stock worth $177,390,000 after purchasing an additional 407,982 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Trading Up 0.0%

MCD stock opened at $305.33 on Friday. McDonald’s Corporation has a 1 year low of $276.53 and a 1 year high of $326.32. The company has a fifty day simple moving average of $306.24 and a 200 day simple moving average of $305.58. The firm has a market cap of $217.88 billion, a PE ratio of 26.16, a PEG ratio of 3.22 and a beta of 0.50.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $6.84 billion during the quarter, compared to analysts’ expectations of $6.68 billion. During the same quarter in the previous year, the firm earned $2.97 earnings per share. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. As a group, analysts forecast that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were issued a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.3%. The ex-dividend date was Tuesday, September 2nd. McDonald’s’s payout ratio is 60.67%.

Insider Buying and Selling

In related news, EVP Desiree Ralls-Morrison sold 2,487 shares of the business’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total value 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. The trade was a 22.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CMO Edith Morgan Flatley sold 1,000 shares of the business’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total transaction of $315,000.00. Following the completion of the sale, the chief marketing officer owned 6,858 shares of the company’s stock, valued at $2,160,270. The trade was a 12.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,402 shares of company stock valued at $1,973,407 in the last quarter. Company insiders own 0.25% of the company’s stock.

Analyst Ratings Changes

MCD has been the subject of a number of research reports. Citigroup lifted their target price on shares of McDonald’s from $373.00 to $381.00 and gave the company a “buy” rating in a research note on Wednesday, September 17th. The Goldman Sachs Group raised shares of McDonald’s from a “neutral” rating to a “buy” rating and set a $345.00 target price for the company in a research note on Thursday, July 10th. Guggenheim reduced their price objective on McDonald’s from $310.00 to $295.00 and set a “neutral” rating for the company in a research report on Friday, October 10th. Morgan Stanley lifted their price objective on McDonald’s from $324.00 to $326.00 and gave the company an “equal weight” rating in a research report on Monday, July 14th. Finally, Wells Fargo & Company reduced their price objective on McDonald’s from $350.00 to $340.00 and set an “overweight” rating for the company in a research report on Thursday. Eleven equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $324.27.

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.