1,574 Shares in McDonald’s Co. (NYSE:MCD) Acquired by Virtu Financial LLC

Virtu Financial LLC bought a new position in McDonald’s Co. (NYSE:MCD) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 1,574 shares of the fast-food giant’s stock, valued at approximately $444,000.

A number of other hedge funds also recently bought and sold shares of the company. Roffman Miller Associates Inc. PA lifted its position in McDonald’s by 1.7% in the fourth 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 McDonald’s in the fourth quarter valued at approximately $4,286,000. Strait & Sound Wealth Management LLC bought a new stake in McDonald’s in the fourth quarter valued at approximately $211,000. Main Street Research LLC lifted its position in McDonald’s by 1.0% in the fourth 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 lifted its position in McDonald’s by 9.0% in the fourth 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. Institutional investors own 70.29% of the company’s stock.

Insider Activity

In other news, EVP Jonathan Banner sold 800 shares of the company’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $275.02, for a total transaction of $220,016.00. Following the transaction, the executive vice president now directly owns 19 shares of the company’s stock, valued at $5,225.38. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other McDonald’s news, EVP Jonathan Banner sold 800 shares of the 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 transaction, the executive vice president now owns 19 shares of the company’s stock, valued at $5,225.38. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 completion of the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $387,285.60. The disclosure for this sale can be found here. Insiders have sold a total of 5,594 shares of company stock valued at $1,454,507 over the last ninety days. 0.23% of the stock is currently owned by corporate insiders.

McDonald’s Trading Up 3.0 %

NYSE MCD opened at $276.70 on Friday. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $302.39. The stock has a market cap of $199.41 billion, a P/E ratio of 23.49, a P/E/G ratio of 3.58 and a beta of 0.71. The stock’s fifty day moving average price is $255.91 and its 200-day moving average price is $272.90.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.10). The business had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $6.62 billion. McDonald’s had a net margin of 32.25% and a negative return on equity of 178.92%. The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the previous year, the company earned $3.17 earnings per share. As a group, analysts forecast that McDonald’s Co. will post 11.71 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be issued a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend is Tuesday, September 3rd. McDonald’s’s payout ratio is currently 56.71%.

Analysts Set New Price Targets

Several analysts have weighed in on MCD shares. Bank of America lowered their price objective on McDonald’s from $288.00 to $278.00 and set a “neutral” rating for the company in a research report on Tuesday. Loop Capital decreased their target price on McDonald’s from $357.00 to $342.00 and set a “buy” rating for the company in a report on Tuesday. JPMorgan Chase & Co. decreased their target price on McDonald’s from $290.00 to $270.00 and set an “overweight” rating for the company in a report on Tuesday. Deutsche Bank Aktiengesellschaft decreased their target price on McDonald’s from $295.00 to $290.00 and set a “buy” rating for the company in a report on Tuesday. Finally, Wedbush restated an “outperform” rating and set a $295.00 target price on shares of McDonald’s in a report on Monday, July 29th. Eleven equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $303.00.

McDonald’s Company 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.