Signaturefd LLC Buys 364 Shares of McDonald’s Corporation (NYSE:MCD)
by Renee Jackson · The Cerbat GemSignaturefd LLC grew its position in shares of McDonald’s Corporation (NYSE:MCD – Free Report) by 2.1% in the 1st quarter, Holdings Channel reports. The firm owned 17,510 shares of the fast-food giant’s stock after acquiring an additional 364 shares during the quarter. Signaturefd LLC’s holdings in McDonald’s were worth $5,470,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Mascagni Wealth Management Inc. acquired a new position in McDonald’s during the fourth quarter worth $25,000. Atala Financial Inc bought a new stake in shares of McDonald’s during the fourth quarter worth about $26,000. Pinney & Scofield Inc. bought a new stake in shares of McDonald’s during the fourth quarter worth about $29,000. GKV Capital Management Co. Inc. acquired a new stake in shares of McDonald’s in the 4th quarter worth about $30,000. Finally, Abound Financial LLC acquired a new position in McDonald’s during the 1st quarter valued at about $30,000. Institutional investors and hedge funds own 70.29% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on MCD. Erste Group Bank downgraded McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Saturday, May 24th. Barclays raised their target price on McDonald’s from $347.00 to $355.00 and gave the company an “overweight” rating in a research report on Friday, May 2nd. BMO Capital Markets restated an “outperform” rating and set a $345.00 price target (up previously from $340.00) on shares of McDonald’s in a research report on Monday, May 5th. The Goldman Sachs Group upgraded shares of McDonald’s from a “neutral” rating to a “buy” rating and set a $345.00 price objective for the company in a report on Thursday. Finally, BTIG Research reaffirmed a “neutral” rating on shares of McDonald’s in a research report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $322.29.
View Our Latest Analysis on MCD
Insider Transactions at McDonald’s
In other McDonald’s news, CMO Edith Morgan Flatley sold 1,000 shares of the firm’s stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $300.00, for a total value of $300,000.00. Following the transaction, the chief marketing officer directly owned 8,858 shares of the company’s stock, valued at approximately $2,657,400. This trade represents a 10.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of the company’s stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $288.52, for a total transaction of $270,920.28. Following the sale, the insider directly owned 10,222 shares of the company’s stock, valued at $2,949,251.44. The trade was a 8.41% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,817 shares of company stock worth $1,165,843. Insiders own 0.25% of the company’s stock.
McDonald’s Stock Performance
Shares of MCD stock opened at $299.80 on Monday. The business’s 50 day moving average price is $304.11 and its 200-day moving average price is $302.59. McDonald’s Corporation has a fifty-two week low of $246.12 and a fifty-two week high of $326.32. The firm has a market cap of $214.37 billion, a P/E ratio of 26.46, a P/E/G ratio of 3.13 and a beta of 0.53.
McDonald’s (NYSE:MCD – Get Free Report) last released its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.67. The firm had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.17 billion. McDonald’s had a net margin of 31.75% and a negative return on equity of 195.27%. The company’s revenue was down 3.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.70 EPS. As a group, equities analysts predict that McDonald’s Corporation will post 12.25 EPS for the current year.
McDonald’s Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a dividend of $1.77 per share. The ex-dividend date was Monday, June 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.36%. McDonald’s’s dividend payout ratio (DPR) is presently 62.49%.
McDonald’s Company Profile
McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.
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