WD Rutherford LLC Has $1.14 Million Stake in McDonald’s Co. (NYSE:MCD)

WD Rutherford LLC raised its position in shares of McDonald’s Co. (NYSE:MCD) by 11.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,486 shares of the fast-food giant’s stock after acquiring an additional 451 shares during the period. WD Rutherford LLC’s holdings in McDonald’s were worth $1,143,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in MCD. GUNN & Co INVESTMENT MANAGEMENT INC. increased its holdings in shares of McDonald’s by 1,168.1% during the 4th quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 168,419 shares of the fast-food giant’s stock worth $49,938,000 after purchasing an additional 155,138 shares during the period. Atria Wealth Solutions Inc. raised its position in shares of McDonald’s by 6.5% during the fourth quarter. Atria Wealth Solutions Inc. now owns 51,713 shares of the fast-food giant’s stock worth $15,333,000 after acquiring an additional 3,171 shares during the last quarter. BIP Wealth LLC boosted its holdings in McDonald’s by 24.8% in the fourth quarter. BIP Wealth LLC now owns 1,340 shares of the fast-food giant’s stock valued at $397,000 after acquiring an additional 266 shares during the last quarter. Syon Capital LLC raised its holdings in McDonald’s by 19.2% during the 4th quarter. Syon Capital LLC now owns 5,915 shares of the fast-food giant’s stock worth $1,754,000 after purchasing an additional 951 shares during the last quarter. Finally, Jackson Hole Capital Partners LLC boosted its stake in shares of McDonald’s by 13.5% in the 4th quarter. Jackson Hole Capital Partners LLC now owns 10,167 shares of the fast-food giant’s stock valued at $3,015,000 after purchasing an additional 1,210 shares during the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald’s Stock Up 0.1 %

MCD traded up $0.31 during trading on Friday, reaching $289.52. 2,145,946 shares of the stock traded hands, compared to its average volume of 3,554,448. The stock’s 50-day moving average is $262.15 and its 200 day moving average is $270.79. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $302.39. The stock has a market capitalization of $208.65 billion, a PE ratio of 24.58, a P/E/G ratio of 3.58 and a beta of 0.71.

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

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be paid a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 2.31%. The ex-dividend date is Tuesday, September 3rd. McDonald’s’s dividend payout ratio (DPR) is currently 56.71%.

Analyst Ratings Changes

A number of analysts have commented on the stock. Wedbush reaffirmed an “outperform” rating and set a $295.00 target price on shares of McDonald’s in a report on Monday, July 29th. BMO Capital Markets cut their target price on McDonald’s from $330.00 to $315.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 30th. Robert W. Baird reduced their target price on McDonald’s from $305.00 to $300.00 and set an “outperform” rating on the stock in a report on Wednesday, May 1st. Deutsche Bank Aktiengesellschaft cut their target price on shares of McDonald’s from $295.00 to $290.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Finally, Bank of America dropped their target price on shares of McDonald’s from $288.00 to $278.00 and set a “neutral” rating on the stock in a report on Tuesday, July 30th. Eleven research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $303.71.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $260.00, for a total transaction of $285,480.00. Following the completion of the sale, the insider now owns 14,780 shares in the company, valued at $3,842,800. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The stock was 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 in the company, valued at $3,842,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Marion K. Gross sold 1,498 shares of the company’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $248.26, for a total value of $371,893.48. Following the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $387,285.60. The disclosure for this sale can be found here. Insiders have sold 4,793 shares of company stock valued at $1,260,106 in the last 90 days. 0.23% of the stock is currently owned by corporate insiders.

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.