Susquehanna Fundamental Investments LLC Boosts Stock Holdings in McDonald’s Co. (NYSE:MCD)

Susquehanna Fundamental Investments LLC lifted its stake in shares of McDonald’s Co. (NYSE:MCD) by 85.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 90,831 shares of the fast-food giant’s stock after acquiring an additional 41,729 shares during the quarter. Susquehanna Fundamental Investments LLC’s holdings in McDonald’s were worth $23,147,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Gilbert & Cook Inc. grew its holdings in shares of McDonald’s by 20.7% during the fourth quarter. Gilbert & Cook Inc. now owns 4,384 shares of the fast-food giant’s stock worth $1,300,000 after purchasing an additional 753 shares during the last quarter. Aveo Capital Partners LLC boosted its stake in shares of McDonald’s by 14.5% during the fourth quarter. Aveo Capital Partners LLC now owns 1,899 shares of the fast-food giant’s stock worth $563,000 after buying an additional 240 shares during the period. 9258 Wealth Management LLC boosted its stake in shares of McDonald’s by 4.2% during the fourth quarter. 9258 Wealth Management LLC now owns 2,796 shares of the fast-food giant’s stock worth $829,000 after buying an additional 113 shares during the period. Gryphon Financial Partners LLC boosted its stake in shares of McDonald’s by 99.3% during the fourth quarter. Gryphon Financial Partners LLC now owns 5,892 shares of the fast-food giant’s stock worth $1,722,000 after buying an additional 2,935 shares during the period. Finally, Gold Investment Management Ltd. acquired a new stake in shares of McDonald’s during the fourth quarter worth about $254,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Performance

MCD stock opened at $303.69 on Friday. The stock has a market capitalization of $218.86 billion, a P/E ratio of 25.78, a PEG ratio of 3.99 and a beta of 0.72. McDonald’s Co. has a one year low of $243.53 and a one year high of $306.96. The company has a 50 day moving average price of $281.71 and a two-hundred day moving average price of $271.18.

McDonald’s (NYSE:MCD) last released its earnings results 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 firm had revenue of $6.49 billion during the quarter, compared to analysts’ expectations of $6.62 billion. McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. The firm’s revenue was down .1% on a year-over-year basis. During the same period in the previous year, the firm posted $3.17 earnings per share. Research analysts forecast that McDonald’s Co. will post 11.69 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a $1.77 dividend. This is a boost from McDonald’s’s previous quarterly dividend of $1.67. This represents a $7.08 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend is Monday, December 2nd. McDonald’s’s payout ratio is presently 56.71%.

Analyst Upgrades and Downgrades

MCD has been the subject of several recent research reports. Evercore ISI increased their target price on shares of McDonald’s from $300.00 to $320.00 and gave the stock an “outperform” rating in a research note on Monday, August 19th. BMO Capital Markets decreased their target price on shares of McDonald’s from $330.00 to $315.00 and set an “outperform” rating for the company in a research note on Tuesday, July 30th. Tigress Financial increased their target price on shares of McDonald’s from $355.00 to $360.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. TD Cowen reiterated a “hold” rating and set a $280.00 target price on shares of McDonald’s in a research note on Monday, September 23rd. Finally, JPMorgan Chase & Co. raised their price objective on shares of McDonald’s from $270.00 to $290.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. Eleven research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $308.22.

Insiders Place Their Bets

In other McDonald’s news, CEO Christopher J. Kempczinski sold 9,291 shares of McDonald’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $305.00, for a total value of $2,833,755.00. Following the transaction, the chief executive officer now owns 43,256 shares in the company, valued at approximately $13,193,080. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, EVP Marion K. Gross sold 1,498 shares of McDonald’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 transaction, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Christopher J. Kempczinski sold 9,291 shares of McDonald’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $305.00, for a total transaction of $2,833,755.00. Following the transaction, the chief executive officer now owns 43,256 shares in the company, valued at approximately $13,193,080. The disclosure for this sale can be found here. In the last three months, insiders sold 33,249 shares of company stock valued at $9,865,866. 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.