GenTrust LLC Boosts Stake in McDonald’s Co. (NYSE:MCD)

GenTrust LLC raised its position in McDonald’s Co. (NYSE:MCD) by 25.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,043 shares of the fast-food giant’s stock after purchasing an additional 210 shares during the quarter. GenTrust LLC’s holdings in McDonald’s were worth $294,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of MCD. Norges Bank acquired a new stake in shares of McDonald’s in the fourth quarter valued at about $2,684,899,000. Gallagher Fiduciary Advisors LLC raised its stake in shares of McDonald’s by 141,160.9% during the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 5,613,710 shares of the fast-food giant’s stock valued at $1,664,521,000 after purchasing an additional 5,609,736 shares during the period. International Assets Investment Management LLC raised its stake in shares of McDonald’s by 10,702.5% during the fourth quarter. International Assets Investment Management LLC now owns 2,174,426 shares of the fast-food giant’s stock valued at $644,739,000 after purchasing an additional 2,154,297 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of McDonald’s by 15.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,347,048 shares of the fast-food giant’s stock valued at $2,178,474,000 after purchasing an additional 987,099 shares during the period. Finally, CIBC Private Wealth Group LLC grew its holdings in McDonald’s by 552.2% during the 4th quarter. CIBC Private Wealth Group LLC now owns 791,639 shares of the fast-food giant’s stock valued at $234,729,000 after purchasing an additional 670,261 shares in the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald’s Stock Performance

NYSE:MCD traded up $2.21 during trading hours on Thursday, hitting $250.00. 2,026,070 shares of the company’s stock traded hands, compared to its average volume of 3,639,543. The stock’s fifty day moving average price is $261.68 and its two-hundred day moving average price is $278.32. The firm has a market cap of $180.17 billion, a P/E ratio of 21.22, a P/E/G ratio of 2.79 and a beta of 0.71. McDonald’s Co. has a twelve month low of $245.73 and a twelve month high of $302.39.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing the consensus estimate of $2.71 by ($0.01). McDonald’s had a net margin of 33.36% and a negative return on equity of 180.74%. The company had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.16 billion. During the same quarter in the prior year, the company posted $2.63 EPS. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. On average, equities research analysts predict that McDonald’s Co. will post 12.19 earnings per share for the current year.

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were given a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend was Monday, June 3rd. McDonald’s’s payout ratio is presently 56.71%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MCD. JPMorgan Chase & Co. upped their target price on McDonald’s from $290.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, June 3rd. Wedbush reduced their price objective on shares of McDonald’s from $330.00 to $300.00 and set an “outperform” rating on the stock in a research note on Friday, April 26th. KeyCorp dropped their target price on shares of McDonald’s from $315.00 to $310.00 and set an “overweight” rating for the company in a research report on Wednesday, May 1st. Truist Financial reduced their price target on shares of McDonald’s from $337.00 to $320.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Finally, Erste Group Bank reissued a “hold” rating on shares of McDonald’s in a report on Wednesday, April 3rd. Ten research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, McDonald’s has a consensus rating of “Moderate Buy” and a consensus price target of $313.89.

Insider Buying and Selling at McDonald’s

In related news, 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 value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $260.00, for a total value of $285,480.00. Following the transaction, the insider now owns 14,780 shares of the company’s stock, valued at $3,842,800. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Marion K. Gross sold 1,498 shares of the business’s stock in a transaction on Wednesday, July 3rd. The stock was 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 owns 1,560 shares of the company’s stock, valued at $387,285.60. The disclosure for this sale can be found here. Insiders sold 5,593 shares of company stock worth $1,472,518 over the last ninety days. 0.23% of the stock is currently owned by insiders.

About McDonald’s

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.