Ensign Peak Advisors Inc Has $162.15 Million Stock Position in McDonald’s Co. (NYSE:MCD)

Ensign Peak Advisors Inc raised its position in McDonald’s Co. (NYSE:MCD) by 0.8% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 636,266 shares of the fast-food giant’s stock after acquiring an additional 5,195 shares during the period. Ensign Peak Advisors Inc owned approximately 0.09% of McDonald’s worth $162,146,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dixon Mitchell Investment Counsel Inc. bought a new position in shares of McDonald’s in the first quarter valued at $28,000. Clear Investment Research LLC purchased a new position in McDonald’s during the 4th quarter worth $38,000. Kings Path Partners LLC purchased a new position in McDonald’s during the second quarter worth about $38,000. Accent Capital Management LLC bought a new position in shares of McDonald’s in the fourth quarter valued at approximately $44,000. Finally, Transcendent Capital Group LLC purchased a new stake in McDonald’s in the fourth quarter worth $45,000. Institutional investors own 70.29% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on MCD. Evercore ISI raised their price target on McDonald’s from $300.00 to $320.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. TD Cowen lowered McDonald’s from a “buy” rating to a “hold” rating and cut their price target for the stock from $285.00 to $280.00 in a report on Wednesday, July 31st. Loop Capital reaffirmed a “buy” rating and issued a $342.00 price target on shares of McDonald’s in a report on Tuesday, September 10th. Truist Financial cut their price target on McDonald’s from $300.00 to $295.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on McDonald’s from $295.00 to $290.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Eleven analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, McDonald’s presently has an average rating of “Moderate Buy” and an average price target of $306.11.

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $288.70, for a total transaction of $316,992.60. Following the transaction, the insider now owns 12,583 shares in the company, valued at approximately $3,632,712.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $288.70, for a total value of $316,992.60. Following the sale, the insider now directly owns 12,583 shares of the company’s stock, valued at approximately $3,632,712.10. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Marion K. Gross sold 1,498 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $248.26, for a total value of $371,893.48. Following the completion of the sale, the executive vice president now directly owns 1,560 shares in the company, valued at $387,285.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,193 shares of company stock worth $1,403,593. Company insiders own 0.23% of the company’s stock.

McDonald’s Price Performance

Shares of NYSE:MCD opened at $296.77 on Friday. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $302.39. The company has a market cap of $213.88 billion, a PE ratio of 25.19, a P/E/G ratio of 3.88 and a beta of 0.72. The stock’s 50-day moving average is $277.30 and its 200 day moving average is $270.88.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.10). McDonald’s had a net margin of 32.25% and a negative return on equity of 178.68%. The business had revenue of $6.49 billion for the quarter, compared to analysts’ expectations of $6.62 billion. During the same quarter in the prior year, the firm earned $3.17 EPS. The firm’s revenue for the quarter was down .1% on a year-over-year basis. Analysts expect that McDonald’s Co. will post 11.67 EPS for the current fiscal year.

McDonald’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were issued a dividend of $1.67 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.25%. McDonald’s’s dividend payout ratio (DPR) is 56.71%.

McDonald’s Company 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.