Capital International Sarl Buys 11,425 Shares of McDonald’s Co. (NYSE:MCD)

Capital International Sarl lifted its stake in shares of McDonald’s Co. (NYSE:MCD) by 120.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,882 shares of the fast-food giant’s stock after purchasing an additional 11,425 shares during the quarter. Capital International Sarl’s holdings in McDonald’s were worth $5,888,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Roffman Miller Associates Inc. PA grew its holdings in shares of McDonald’s by 1.7% during the 4th quarter. Roffman Miller Associates Inc. PA now owns 155,740 shares of the fast-food giant’s stock valued at $46,179,000 after purchasing an additional 2,546 shares during the last quarter. Aigen Investment Management LP bought a new stake in shares of McDonald’s during the 4th quarter valued at approximately $4,286,000. Strait & Sound Wealth Management LLC bought a new stake in shares of McDonald’s during the 4th quarter valued at approximately $211,000. Main Street Research LLC grew its holdings in shares of McDonald’s by 1.0% during the 4th quarter. Main Street Research LLC now owns 20,975 shares of the fast-food giant’s stock valued at $6,219,000 after purchasing an additional 199 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale grew its holdings in shares of McDonald’s by 9.0% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 1,091,052 shares of the fast-food giant’s stock valued at $321,449,000 after purchasing an additional 89,671 shares during the last quarter. 70.29% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of the stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total transaction of $371,893.48. Following the completion of the transaction, the executive vice president now owns 1,560 shares in the company, valued at $387,285.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Marion K. Gross sold 1,498 shares of the stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total value of $371,893.48. Following the sale, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at $387,285.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $265.13, for a total transaction of $291,377.87. Following the completion of the sale, the insider now directly owns 15,878 shares in the company, valued at $4,209,734.14. The disclosure for this sale can be found here. Insiders sold 5,594 shares of company stock worth $1,454,507 over the last quarter. 0.23% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

MCD has been the topic of a number of research reports. Wedbush reissued an “outperform” rating and set a $295.00 target price on shares of McDonald’s in a report on Friday, July 19th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of McDonald’s from $310.00 to $295.00 and set a “buy” rating on the stock in a research report on Tuesday, July 16th. Evercore ISI dropped their target price on shares of McDonald’s from $330.00 to $300.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 16th. Guggenheim dropped their target price on shares of McDonald’s from $315.00 to $280.00 and set a “buy” rating on the stock in a research report on Tuesday, July 2nd. Finally, UBS Group dropped their target price on shares of McDonald’s from $340.00 to $335.00 and set a “buy” rating on the stock in a research report on Friday, April 5th. Ten analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $308.57.

McDonald’s Stock Up 0.2 %

MCD traded up $0.54 during trading on Friday, hitting $252.00. 3,979,260 shares of the company traded hands, compared to its average volume of 3,476,659. The firm has a market cap of $181.61 billion, a P/E ratio of 21.39, a price-to-earnings-growth ratio of 2.91 and a beta of 0.71. The stock’s fifty day moving average is $255.44 and its 200 day moving average is $273.79. McDonald’s Co. has a one year low of $243.53 and a one year high of $302.39.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results 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). The company had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.16 billion. McDonald’s had a net margin of 33.36% and a negative return on equity of 180.74%. McDonald’s’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.63 EPS. On average, equities research analysts forecast that McDonald’s Co. will post 12.13 EPS for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be given a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 2.65%. McDonald’s’s dividend payout ratio is presently 56.71%.

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.