Anomaly Capital Management LP Buys New Position in McDonald’s Co. (NYSE:MCD)

Anomaly Capital Management LP purchased a new position in McDonald’s Co. (NYSE:MCD) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 119,440 shares of the fast-food giant’s stock, valued at approximately $30,438,000. McDonald’s accounts for about 1.2% of Anomaly Capital Management LP’s portfolio, making the stock its 24th largest position.

Other institutional investors have also added to or reduced their stakes in the company. Hantz Financial Services Inc. bought a new position in shares of McDonald’s during the 2nd quarter valued at approximately $6,612,000. California State Teachers Retirement System increased its stake in shares of McDonald’s by 1.4% in the fourth quarter. California State Teachers Retirement System now owns 1,180,928 shares of the fast-food giant’s stock worth $350,157,000 after purchasing an additional 15,863 shares in the last quarter. Brevan Howard Capital Management LP raised its position in shares of McDonald’s by 411.4% during the 4th quarter. Brevan Howard Capital Management LP now owns 7,497 shares of the fast-food giant’s stock valued at $2,223,000 after purchasing an additional 6,031 shares during the period. BNP Paribas bought a new stake in shares of McDonald’s during the 1st quarter valued at $7,898,000. Finally, First Long Island Investors LLC lifted its stake in shares of McDonald’s by 16.6% during the 1st quarter. First Long Island Investors LLC now owns 54,021 shares of the fast-food giant’s stock valued at $15,231,000 after buying an additional 7,707 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of the business’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $248.26, for a total transaction of $371,893.48. Following the sale, the executive vice president now owns 1,560 shares in the company, valued at approximately $387,285.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $288.70, for a total transaction of $316,992.60. Following the completion of the sale, the insider now directly owns 12,583 shares in the company, valued at approximately $3,632,712.10. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Marion K. Gross sold 1,498 shares of the company’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total transaction 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. Insiders sold 5,193 shares of company stock worth $1,403,593 in the last 90 days. Insiders own 0.23% of the company’s stock.

McDonald’s Trading Up 1.0 %

NYSE MCD opened at $296.83 on Monday. The firm’s fifty day simple moving average is $277.30 and its two-hundred day simple moving average is $270.57. The firm has a market capitalization of $213.92 billion, a P/E ratio of 25.20, a P/E/G ratio of 3.88 and a beta of 0.72. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $302.39.

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

McDonald’s Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on MCD shares. Wedbush reiterated an “outperform” rating and issued a $295.00 price target on shares of McDonald’s in a research note on Monday, July 29th. Jefferies Financial Group lifted their target price on McDonald’s from $310.00 to $330.00 and gave the company a “buy” rating in a research note on Monday, September 9th. BMO Capital Markets dropped their price target on McDonald’s from $330.00 to $315.00 and set an “outperform” rating for the company in a research note on Tuesday, July 30th. TD Cowen cut shares of McDonald’s from a “buy” rating to a “hold” rating and reduced their price objective for the company from $285.00 to $280.00 in a research report on Wednesday, July 31st. Finally, Tigress Financial upped their target price on shares of McDonald’s from $355.00 to $360.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Eleven analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat.com, McDonald’s currently has a consensus rating of “Moderate Buy” and an average target price 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.