Los Angeles Capital Management LLC Has $52.42 Million Holdings in McDonald’s Co. (NYSE:MCD)

Los Angeles Capital Management LLC lessened its position in shares of McDonald’s Co. (NYSE:MCD) by 64.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 185,904 shares of the fast-food giant’s stock after selling 335,031 shares during the period. Los Angeles Capital Management LLC’s holdings in McDonald’s were worth $52,416,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Roffman Miller Associates Inc. PA boosted its holdings in shares of McDonald’s by 1.7% during the fourth quarter. Roffman Miller Associates Inc. PA now owns 155,740 shares of the fast-food giant’s stock worth $46,179,000 after acquiring an additional 2,546 shares during the period. Shulman DeMeo Asset Management LLC boosted its holdings in shares of McDonald’s by 12.2% during the fourth quarter. Shulman DeMeo Asset Management LLC now owns 1,051 shares of the fast-food giant’s stock worth $312,000 after acquiring an additional 114 shares during the period. Aigen Investment Management LP bought a new stake in shares of McDonald’s during the fourth quarter worth approximately $4,286,000. Strait & Sound Wealth Management LLC bought a new stake in shares of McDonald’s during the fourth quarter worth approximately $211,000. Finally, First National Bank of Mount Dora Trust Investment Services boosted its stake in shares of McDonald’s by 2.8% in the fourth quarter. First National Bank of Mount Dora Trust Investment Services now owns 11,025 shares of the fast-food giant’s stock valued at $3,269,000 after buying an additional 301 shares during the period. Institutional investors own 70.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Evercore ISI reiterated an “outperform” rating and issued a $330.00 price target on shares of McDonald’s in a research note on Wednesday, March 27th. TD Cowen reiterated a “buy” rating and issued a $305.00 price target on shares of McDonald’s in a research note on Thursday, June 13th. BMO Capital Markets cut their price target on McDonald’s from $335.00 to $330.00 and set an “outperform” rating for the company in a research note on Wednesday, May 1st. Erste Group Bank reiterated a “hold” rating on shares of McDonald’s in a research note on Wednesday, April 3rd. Finally, Citigroup cut their price target on McDonald’s from $312.00 to $297.00 and set a “neutral” rating for the company in a research note on Tuesday, April 16th. Ten investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $315.14.

McDonald’s Stock Down 1.1 %

NYSE MCD opened at $250.79 on Thursday. The company has a market capitalization of $180.74 billion, a price-to-earnings ratio of 21.29, a PEG ratio of 2.82 and a beta of 0.71. McDonald’s Co. has a twelve month low of $245.73 and a twelve month high of $302.39. The stock has a fifty day simple moving average of $264.89 and a 200 day simple moving average of $280.67.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share 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 business had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.16 billion. During the same quarter in the previous year, the business posted $2.63 earnings per share. The business’s revenue was up 4.6% on a year-over-year basis. Research analysts expect that McDonald’s Co. will post 12.19 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were issued a dividend of $1.67 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $6.68 dividend on an annualized basis and a yield of 2.66%. McDonald’s’s payout ratio is currently 56.71%.

Insiders Place Their Bets

In other McDonald’s news, EVP Jonathan Banner sold 800 shares of the stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $275.02, for a total transaction of $220,016.00. Following the completion of the sale, 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 accessible through this hyperlink. In other news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total transaction of $303,750.72. Following the transaction, the insider now owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jonathan Banner sold 800 shares of the stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $275.02, for a total transaction of $220,016.00. Following the transaction, the executive vice president now directly owns 19 shares in the company, valued at approximately $5,225.38. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,096 shares of company stock worth $1,127,678. Company insiders own 0.23% of the company’s stock.

McDonald’s Profile

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.