UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 384,762 Shares of McDonald’s Corporation $MCD

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in McDonald’s Corporation (NYSE:MCDFree Report) by 7.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,560,037 shares of the fast-food giant’s stock after purchasing an additional 384,762 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in McDonald’s were worth $1,699,314,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of MCD. Your Advocates Ltd. LLP bought a new position in McDonald’s in the fourth quarter worth approximately $27,000. Park Place Capital Corp grew its holdings in shares of McDonald’s by 95.7% during the fourth quarter. Park Place Capital Corp now owns 92 shares of the fast-food giant’s stock valued at $28,000 after buying an additional 45 shares during the last quarter. IFC & Insurance Marketing Inc. purchased a new stake in shares of McDonald’s during the fourth quarter valued at $29,000. DecisionPoint Financial LLC boosted its holdings in McDonald’s by 1,616.7% in the fourth quarter. DecisionPoint Financial LLC now owns 103 shares of the fast-food giant’s stock valued at $31,000 after purchasing an additional 97 shares during the last quarter. Finally, Entrust Financial LLC purchased a new stake in McDonald’s in the fourth quarter valued at $31,000. Institutional investors own 70.29% of the company’s stock.

Insider Activity

In related news, EVP Desiree Ralls-Morrison sold 2,763 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $278.36, for a total transaction of $769,108.68. Following the completion of the transaction, the executive vice president owned 6,268 shares in the company, valued at $1,744,760.48. This represents a 30.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 5,252 shares of the company’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $284.32, for a total transaction of $1,493,248.64. Following the transaction, the insider owned 7,734 shares of the company’s stock, valued at approximately $2,198,930.88. This trade represents a 40.44% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 11,307 shares of company stock valued at $3,262,622. Insiders own 0.26% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on MCD shares. Cfra upgraded shares of McDonald’s to a “buy” rating in a research report on Friday, May 8th. Tigress Financial upped their price objective on shares of McDonald’s from $360.00 to $385.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. TD Cowen reiterated a “hold” rating on shares of McDonald’s in a research report on Friday. JPMorgan Chase & Co. decreased their price objective on shares of McDonald’s from $325.00 to $305.00 and set an “overweight” rating for the company in a research report on Monday, May 11th. Finally, Weiss Ratings downgraded shares of McDonald’s from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 29th. Sixteen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $336.26.

Get Our Latest Stock Analysis on MCD

McDonald’s Stock Up 0.0%

MCD opened at $284.88 on Friday. McDonald’s Corporation has a twelve month low of $271.85 and a twelve month high of $341.75. The company has a 50-day moving average price of $289.38 and a 200 day moving average price of $306.75. The company has a market cap of $202.41 billion, a PE ratio of 23.49, a price-to-earnings-growth ratio of 2.84 and a beta of 0.41.

McDonald’s (NYSE:MCDGet Free Report) last released its quarterly earnings results on Thursday, May 7th. The fast-food giant reported $2.83 earnings per share for the quarter, topping the consensus estimate of $2.74 by $0.09. McDonald’s had a net margin of 31.62% and a negative return on equity of 442.10%. The firm had revenue of $6.52 billion during the quarter, compared to the consensus estimate of $6.47 billion. During the same quarter in the prior year, the firm earned $2.67 EPS. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. As a group, sell-side analysts expect that McDonald’s Corporation will post 12.93 earnings per share for the current year.

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 16th. Investors of record on Tuesday, June 2nd will be given a dividend of $1.86 per share. This represents a $7.44 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Tuesday, June 2nd. McDonald’s’s dividend payout ratio is 61.34%.

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McDonald’s Company Profile

(Free Report)

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.

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

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