McDonald’s Co. (NYSE:MCD) Shares Acquired by Twin Capital Management Inc.

Twin Capital Management Inc. lifted its position in McDonald’s Co. (NYSE:MCD) by 1.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,274 shares of the fast-food giant’s stock after purchasing an additional 47 shares during the period. Twin Capital Management Inc.’s holdings in McDonald’s were worth $923,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Dixon Mitchell Investment Counsel Inc. purchased a new stake in shares of McDonald’s during the 1st quarter worth about $28,000. Signature Resources Capital Management LLC acquired a new stake in McDonald’s in the fourth quarter valued at approximately $31,000. Clear Investment Research LLC purchased a new stake in shares of McDonald’s in the fourth quarter valued at approximately $38,000. Keener Financial Planning LLC purchased a new stake in shares of McDonald’s in the fourth quarter valued at approximately $39,000. Finally, Atlantic Edge Private Wealth Management LLC acquired a new position in shares of McDonald’s during the 4th quarter worth approximately $39,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. cut their price target on shares of McDonald’s from $300.00 to $290.00 and set an “overweight” rating for the company in a report on Wednesday, July 10th. The Goldman Sachs Group started coverage on shares of McDonald’s in a research note on Thursday, June 13th. They set a “neutral” rating and a $288.00 target price for the company. Bank of America decreased their price target on shares of McDonald’s from $302.00 to $288.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 28th. Guggenheim cut their price objective on McDonald’s from $315.00 to $280.00 and set a “buy” rating for the company in a research note on Tuesday, July 2nd. Finally, Stifel Nicolaus decreased their target price on McDonald’s from $285.00 to $265.00 and set a “hold” rating on the stock in a research report on Monday. Ten research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $308.57.

McDonald’s Trading Down 0.3 %

NYSE MCD traded down $0.68 during trading hours on Wednesday, reaching $253.37. The company had a trading volume of 5,729,595 shares, compared to its average volume of 3,473,709. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $302.39. The stock has a market capitalization of $182.60 billion, a P/E ratio of 21.51, a price-to-earnings-growth ratio of 2.99 and a beta of 0.71. The stock has a 50-day moving average of $256.29 and a 200 day moving average of $274.22.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. The company had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.16 billion. During the same period in the previous year, the business posted $2.63 EPS. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. As a group, sell-side analysts predict that McDonald’s Co. will post 12.13 EPS for the current year.

McDonald’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were paid a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 2.64%. The ex-dividend date was Monday, June 3rd. McDonald’s’s payout ratio is 56.71%.

Insiders Place Their Bets

In related news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $260.00, for a total value of $285,740.00. Following the sale, the insider now owns 13,681 shares of the company’s stock, valued at $3,557,060. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $260.00, for a total value of $285,740.00. Following the transaction, the insider now owns 13,681 shares of the company’s stock, valued at $3,557,060. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jonathan Banner sold 800 shares of McDonald’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $275.02, for a total value of $220,016.00. Following the sale, the executive vice president now directly owns 19 shares of the company’s stock, valued at $5,225.38. The disclosure for this sale can be found here. Insiders sold a total of 5,594 shares of company stock worth $1,454,507 over the last 90 days. Corporate 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.