Cape Investment Advisory Inc. Raises Position in McDonald’s Co. (NYSE:MCD)

Cape Investment Advisory Inc. increased its holdings in McDonald’s Co. (NYSE:MCDFree Report) by 100.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,835 shares of the fast-food giant’s stock after buying an additional 919 shares during the period. Cape Investment Advisory Inc.’s holdings in McDonald’s were worth $544,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in MCD. Norges Bank purchased a new stake in McDonald’s during the fourth quarter valued at about $2,684,899,000. International Assets Investment Management LLC raised its position in McDonald’s by 10,702.5% during the fourth quarter. International Assets Investment Management LLC now owns 2,174,426 shares of the fast-food giant’s stock valued at $644,739,000 after purchasing an additional 2,154,297 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC purchased a new stake in McDonald’s during the third quarter valued at about $192,165,000. Barclays PLC raised its position in McDonald’s by 16.7% during the third quarter. Barclays PLC now owns 2,997,877 shares of the fast-food giant’s stock valued at $789,762,000 after purchasing an additional 429,000 shares in the last quarter. Finally, Winslow Capital Management LLC raised its position in McDonald’s by 39.6% during the third quarter. Winslow Capital Management LLC now owns 1,306,329 shares of the fast-food giant’s stock valued at $344,139,000 after purchasing an additional 370,699 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on MCD. JPMorgan Chase & Co. lowered their price target on McDonald’s from $300.00 to $290.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 1st. Argus reiterated a “hold” rating on shares of McDonald’s in a report on Monday, March 25th. Guggenheim decreased their price objective on McDonald’s from $325.00 to $315.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Royal Bank of Canada cut their target price on McDonald’s from $340.00 to $335.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 6th. Finally, TD Cowen reissued a “buy” rating and issued a $305.00 target price on shares of McDonald’s in a research note on Monday, May 20th. Nine research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat.com, McDonald’s currently has an average rating of “Moderate Buy” and a consensus price target of $317.74.

Read Our Latest Stock Analysis on MCD

McDonald’s Stock Performance

Shares of MCD traded up $0.18 during mid-day trading on Friday, reaching $258.11. The company had a trading volume of 3,382,879 shares, compared to its average volume of 3,431,503. The firm has a 50-day moving average price of $272.79 and a 200 day moving average price of $283.37. McDonald’s Co. has a 52 week low of $245.73 and a 52 week high of $302.39. The company has a market capitalization of $186.01 billion, a price-to-earnings ratio of 21.91, a price-to-earnings-growth ratio of 2.91 and a beta of 0.71.

McDonald’s (NYSE:MCDGet Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 EPS for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. The company had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.16 billion. During the same period in the prior year, the firm earned $2.63 earnings per share. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. As a group, research analysts forecast that McDonald’s Co. will post 12.17 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be given a $1.67 dividend. The ex-dividend date is Monday, June 3rd. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.59%. McDonald’s’s dividend payout ratio is currently 56.71%.

Insider Transactions at McDonald’s

In related news, EVP Jonathan Banner sold 800 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $275.02, for a total value of $220,016.00. Following the completion of the transaction, the executive vice president now directly owns 19 shares in the company, valued at approximately $5,225.38. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $265.13, for a total transaction of $291,377.87. Following the completion of the sale, the insider now directly owns 15,878 shares in the company, valued at approximately $4,209,734.14. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Jonathan Banner sold 800 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $275.02, for a total transaction of $220,016.00. Following the sale, the executive vice president now owns 19 shares of the company’s stock, valued at $5,225.38. The disclosure for this sale can be found here. Insiders have sold a total of 4,096 shares of company stock valued at $1,127,678 in the last ninety days. 0.23% of the stock is currently owned by corporate insiders.

About McDonald’s

(Free Report)

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.

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

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