Dynamic Advisor Solutions LLC Raises Stake in McDonald’s Co. (NYSE:MCD)

Dynamic Advisor Solutions LLC increased its stake in McDonald’s Co. (NYSE:MCD) by 0.3% during the first quarter, according to its most recent filing with the SEC. The fund owned 22,107 shares of the fast-food giant’s stock after buying an additional 72 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in McDonald’s were worth $6,233,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. LaSalle St. Investment Advisors LLC raised its stake in McDonald’s by 3.0% in the 3rd quarter. LaSalle St. Investment Advisors LLC now owns 1,660 shares of the fast-food giant’s stock valued at $437,000 after acquiring an additional 48 shares during the period. PGIM Custom Harvest LLC increased its position in shares of McDonald’s by 13.6% during the third quarter. PGIM Custom Harvest LLC now owns 1,314 shares of the fast-food giant’s stock valued at $346,000 after buying an additional 157 shares during the period. Operose Advisors LLC increased its position in shares of McDonald’s by 13.7% during the third quarter. Operose Advisors LLC now owns 5,514 shares of the fast-food giant’s stock valued at $1,453,000 after buying an additional 666 shares during the period. OMERS ADMINISTRATION Corp bought a new stake in shares of McDonald’s during the third quarter valued at about $52,451,000. Finally, Mutual Advisors LLC increased its position in shares of McDonald’s by 10.8% during the third quarter. Mutual Advisors LLC now owns 18,801 shares of the fast-food giant’s stock valued at $4,953,000 after buying an additional 1,832 shares during the period. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald’s Trading Down 1.2 %

MCD opened at $257.34 on Wednesday. McDonald’s Co. has a 12-month low of $245.73 and a 12-month high of $302.39. The company has a market cap of $185.46 billion, a price-to-earnings ratio of 21.85, a price-to-earnings-growth ratio of 2.93 and a beta of 0.71. The stock has a fifty day simple moving average of $264.15 and a two-hundred day simple moving average of $279.82.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 EPS for the quarter, missing the consensus estimate of $2.71 by ($0.01). McDonald’s had a net margin of 33.36% and a negative return on equity of 180.74%. The business had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.16 billion. During the same period last year, the business earned $2.63 earnings per share. The company’s quarterly revenue was up 4.6% on a year-over-year basis. On average, analysts predict that McDonald’s Co. will post 12.19 EPS for the current year.

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were given a dividend of $1.67 per share. The ex-dividend date was Monday, June 3rd. This represents a $6.68 annualized dividend and a dividend yield of 2.60%. McDonald’s’s dividend payout ratio (DPR) is presently 56.71%.

Insider Activity at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $265.13, for a total value of $291,377.87. Following the transaction, the insider now directly owns 15,878 shares of the company’s stock, valued at $4,209,734.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the transaction, the insider now directly owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $265.13, for a total value of $291,377.87. Following the completion of the transaction, the insider now directly owns 15,878 shares in the company, valued at $4,209,734.14. The disclosure for this sale can be found here. Insiders have sold 4,095 shares of company stock valued at $1,100,625 over the last ninety days. Insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

MCD has been the topic of several analyst reports. Citigroup decreased their price target on McDonald’s from $312.00 to $297.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 16th. JPMorgan Chase & Co. boosted their price objective on McDonald’s from $290.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, June 3rd. Bank of America cut their price objective on McDonald’s from $302.00 to $288.00 and set a “neutral” rating for the company in a report on Tuesday, May 28th. Argus reissued a “hold” rating on shares of McDonald’s in a report on Monday, March 25th. Finally, Guggenheim cut their price objective on McDonald’s from $325.00 to $315.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. Ten equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $315.14.

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.