McDonald’s Co. (NYSE:MCD) Shares Acquired by Breakwater Capital Group

by · The Markets Daily

Breakwater Capital Group lifted its holdings in shares of McDonald’s Co. (NYSE:MCD – Free Report) by 14.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,427 shares of the fast-food giant’s stock after acquiring an additional 180 shares during the period. Breakwater Capital Group’s holdings in McDonald’s were worth $446,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in MCD. Norges Bank acquired a new stake in shares of McDonald’s during the 4th quarter worth about $2,725,190,000. GAMMA Investing LLC raised its position in shares of McDonald’s by 39,039.7% during the 1st quarter. GAMMA Investing LLC now owns 3,497,919 shares of the fast-food giant’s stock worth $1,092,645,000 after acquiring an additional 3,488,982 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of McDonald’s during the 4th quarter worth about $703,074,000. Castlekeep Investment Advisors LLC acquired a new stake in shares of McDonald’s during the 4th quarter worth about $350,935,000. Finally, Northern Trust Corp raised its position in shares of McDonald’s by 11.2% during the 4th quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant’s stock worth $2,570,511,000 after acquiring an additional 895,896 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Northcoast Research downgraded McDonald’s from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 6th. Erste Group Bank downgraded McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Saturday, May 24th. TD Securities restated a “hold” rating and set a $305.00 price target on shares of McDonald’s in a research note on Thursday. Citigroup raised their price target on McDonald’s from $353.00 to $364.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. Finally, JPMorgan Chase & Co. raised their price target on McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Twelve investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $326.13.

Read Our Latest Stock Report on MCD

Insider Activity at McDonald’s

In related news, insider Joseph M. Erlinger sold 939 shares of McDonald’s stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $315.07, for a total value of $295,850.73. Following the sale, the insider now directly owns 11,161 shares in the company, valued at $3,516,496.27. The trade was a 7.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.25% of the company’s stock.

McDonald’s Price Performance

McDonald’s stock opened at $308.76 on Friday. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $326.32. The company has a market cap of $220.78 billion, a PE ratio of 27.11, a price-to-earnings-growth ratio of 3.10 and a beta of 0.56. The stock’s 50 day moving average price is $312.41 and its 200 day moving average price is $302.46.

McDonald’s (NYSE:MCD – Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.67. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. The firm had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.17 billion. During the same period in the previous year, the business earned $2.70 earnings per share. The company’s revenue for the quarter was down 3.5% compared to the same quarter last year. On average, equities research analysts anticipate that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a $1.77 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.29%. McDonald’s’s dividend payout ratio (DPR) is presently 62.49%.

McDonald’s Profile

(Free Report)

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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