Halbert Hargrove Russell LLC bought a new position in McDonald’s Corporation (NYSE:MCD) during the first quarter, according to its most recent disclosure with the SEC. The fund bought 1,895 shares of the fast-food giant’s stock, valued at approximately $246,000.
Other hedge funds also recently modified their holdings of the company. Vigilant Capital Management LLC increased its stake in shares of McDonald’s Corporation by 9.4% in the first quarter. Vigilant Capital Management LLC now owns 977 shares of the fast-food giant’s stock worth $127,000 after buying an additional 84 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. bought a new stake in shares of McDonald’s Corporation during the fourth quarter worth approximately $131,000. D Orazio & Associates Inc. increased its stake in shares of McDonald’s Corporation by 0.7% in the fourth quarter. D Orazio & Associates Inc. now owns 1,090 shares of the fast-food giant’s stock worth $133,000 after buying an additional 8 shares during the last quarter. Signature Estate & Investment Advisors LLC bought a new stake in shares of McDonald’s Corporation during the first quarter worth approximately $146,000. Finally, Hudock Capital Group LLC increased its stake in shares of McDonald’s Corporation by 5.9% in the first quarter. Hudock Capital Group LLC now owns 1,493 shares of the fast-food giant’s stock worth $193,000 after buying an additional 83 shares during the last quarter. Hedge funds and other institutional investors own 67.66% of the company’s stock.
Shares of McDonald’s Corporation (MCD) opened at 155.85 on Friday. The firm’s 50-day moving average price is $153.88 and its 200 day moving average price is $138.34. McDonald’s Corporation has a 1-year low of $110.33 and a 1-year high of $159.98. The firm has a market cap of $127.03 billion, a PE ratio of 25.51 and a beta of 0.70.
McDonald’s Corporation (NYSE:MCD) last issued its quarterly earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.62 by $0.08. The company had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.96 billion. McDonald’s Corporation had a negative return on equity of 266.50% and a net margin of 21.00%. McDonald’s Corporation’s revenue was down 3.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.45 EPS. On average, equities research analysts forecast that McDonald’s Corporation will post $6.52 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Friday, September 1st will be issued a $0.94 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $3.76 annualized dividend and a yield of 2.41%. McDonald’s Corporation’s dividend payout ratio (DPR) is presently 61.54%.
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A number of brokerages have recently commented on MCD. Royal Bank Of Canada set a $175.00 target price on McDonald’s Corporation and gave the stock a “buy” rating in a research note on Wednesday. Sanford C. Bernstein restated an “outperform” rating and issued a $170.00 target price on shares of McDonald’s Corporation in a research note on Tuesday, July 25th. BTIG Research upped their target price on McDonald’s Corporation from $137.00 to $156.00 and gave the stock a “buy” rating in a research note on Wednesday, April 26th. Wells Fargo & Company upgraded McDonald’s Corporation from a “market perform” rating to an “outperform” rating and lowered their target price for the stock from $131.70 to $130.76 in a research note on Monday, April 17th. They noted that the move was a valuation call. Finally, Deutsche Bank AG restated a “buy” rating and issued a $155.00 target price on shares of McDonald’s Corporation in a research note on Wednesday, April 26th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $161.74.
In other McDonald’s Corporation news, insider Douglas M. Goare sold 17,286 shares of the business’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $158.50, for a total value of $2,739,831.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kevin M. Ozan sold 25,322 shares of the business’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $158.50, for a total value of $4,013,537.00. Following the completion of the transaction, the chief financial officer now owns 24,039 shares of the company’s stock, valued at $3,810,181.50. The disclosure for this sale can be found here. Insiders sold a total of 54,363 shares of company stock valued at $8,615,125 over the last quarter. 0.24% of the stock is currently owned by insiders.
About McDonald’s Corporation
McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.
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