Mill Creek Capital Advisors LLC Raises Holdings in McDonald’s Co. (NYSE:MCD)

Mill Creek Capital Advisors LLC lifted its position in shares of McDonald’s Co. (NYSE:MCD) by 53.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,865 shares of the fast-food giant’s stock after purchasing an additional 1,348 shares during the period. Mill Creek Capital Advisors LLC’s holdings in McDonald’s were worth $985,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in MCD. Concentric Wealth Management LLC raised its stake in shares of McDonald’s by 1.4% in the 4th quarter. Concentric Wealth Management LLC now owns 2,551 shares of the fast-food giant’s stock worth $756,000 after buying an additional 35 shares in the last quarter. FinTrust Capital Advisors LLC raised its position in McDonald’s by 2.9% in the fourth quarter. FinTrust Capital Advisors LLC now owns 1,268 shares of the fast-food giant’s stock worth $376,000 after acquiring an additional 36 shares in the last quarter. 9258 Wealth Management LLC lifted its holdings in McDonald’s by 1.3% in the 1st quarter. 9258 Wealth Management LLC now owns 2,833 shares of the fast-food giant’s stock valued at $799,000 after acquiring an additional 37 shares during the last quarter. Independence Bank of Kentucky boosted its position in shares of McDonald’s by 1.3% during the 1st quarter. Independence Bank of Kentucky now owns 2,913 shares of the fast-food giant’s stock valued at $821,000 after purchasing an additional 38 shares in the last quarter. Finally, Weatherly Asset Management L. P. boosted its holdings in McDonald’s by 0.9% during the first quarter. Weatherly Asset Management L. P. now owns 4,378 shares of the fast-food giant’s stock worth $1,234,000 after buying an additional 38 shares in the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of McDonald’s stock in a transaction 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 transaction, the executive vice president now owns 1,560 shares in the company, valued at approximately $387,285.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction 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 transaction, the insider now owns 12,583 shares of the company’s stock, valued at approximately $3,632,712.10. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Marion K. Gross sold 1,498 shares of the stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total value of $371,893.48. Following the completion of the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $387,285.60. The disclosure for this sale can be found here. Insiders have sold a total of 5,193 shares of company stock worth $1,403,593 in the last three months. Insiders own 0.23% of the company’s stock.

McDonald’s Price Performance

Shares of McDonald’s stock opened at $299.06 on Tuesday. The company’s fifty day moving average price is $278.25 and its two-hundred day moving average price is $270.62. The firm has a market capitalization of $215.53 billion, a PE ratio of 25.39, a price-to-earnings-growth ratio of 3.88 and a beta of 0.72. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $302.39.

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

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were issued a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend was Tuesday, September 3rd. McDonald’s’s payout ratio is currently 56.71%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on MCD shares. Stifel Nicolaus lowered their price objective on shares of McDonald’s from $285.00 to $265.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. Wedbush reissued an “outperform” rating and set a $295.00 price target on shares of McDonald’s in a research report on Monday, July 29th. Guggenheim raised their price objective on McDonald’s from $280.00 to $290.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft dropped their target price on McDonald’s from $295.00 to $290.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Finally, Bank of America decreased their price target on shares of McDonald’s from $288.00 to $278.00 and set a “neutral” rating for the company in a report on Tuesday, July 30th. Eleven investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, McDonald’s has an average rating of “Moderate Buy” and a consensus price target of $306.11.

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.