Biltmore Family Office LLC Has $693,000 Holdings in McDonald’s Co. (NYSE:MCD)

Biltmore Family Office LLC raised its stake in McDonald’s Co. (NYSE:MCD) by 52.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,721 shares of the fast-food giant’s stock after buying an additional 939 shares during the quarter. Biltmore Family Office LLC’s holdings in McDonald’s were worth $693,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MCD. Norges Bank acquired a new stake in McDonald’s during the 4th quarter worth $2,684,899,000. Gallagher Fiduciary Advisors LLC raised its position 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 worth $1,664,521,000 after purchasing an additional 5,609,736 shares during the period. Capital Research Global Investors raised its position in shares of McDonald’s by 66.9% during the first quarter. Capital Research Global Investors now owns 5,471,007 shares of the fast-food giant’s stock worth $1,542,550,000 after purchasing an additional 2,193,769 shares during the period. Swedbank AB bought a new position in shares of McDonald’s during the 1st quarter valued at about $348,206,000. Finally, Capital World Investors grew its position in shares of McDonald’s by 39.7% in the 1st quarter. Capital World Investors now owns 3,565,398 shares of the fast-food giant’s stock valued at $1,005,264,000 after purchasing an additional 1,012,534 shares during the period. Institutional investors own 70.29% of the company’s stock.

Insider Activity at McDonald’s

In other news, 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 transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $387,285.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $288.70, for a total value of $316,992.60. Following the sale, the insider now owns 12,583 shares in the company, valued at $3,632,712.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 sale, 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 6,291 shares of company stock valued at $1,689,073 over the last three months. 0.23% of the stock is owned by insiders.

McDonald’s Stock Down 0.0 %

Shares of McDonald’s stock opened at $291.27 on Wednesday. The stock has a market capitalization of $209.91 billion, a price-to-earnings ratio of 24.73, a price-to-earnings-growth ratio of 3.87 and a beta of 0.72. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $302.39. The company has a 50-day simple moving average of $270.34 and a two-hundred day simple moving average of $270.52.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Monday, July 29th. The fast-food giant reported $2.97 EPS for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.10). The company had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $6.62 billion. McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. McDonald’s’s revenue was down .1% on a year-over-year basis. During the same quarter last year, the business earned $3.17 EPS. On average, sell-side analysts anticipate that McDonald’s Co. will post 11.67 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be given a dividend of $1.67 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $6.68 annualized dividend and a dividend yield of 2.29%. McDonald’s’s dividend payout ratio is 56.71%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on MCD shares. Bank of America reduced their target price on shares of McDonald’s from $288.00 to $278.00 and set a “neutral” rating for the company in a research note on Tuesday, July 30th. KeyCorp reduced their price objective on McDonald’s from $310.00 to $305.00 and set an “overweight” rating for the company in a research report on Tuesday, July 30th. Morgan Stanley dropped their target price on McDonald’s from $312.00 to $300.00 and set an “overweight” rating on the stock in a research report on Thursday, July 11th. Barclays reduced their price target on McDonald’s from $320.00 to $300.00 and set an “overweight” rating for the company in a research report on Tuesday, July 30th. Finally, TD Cowen downgraded shares of McDonald’s from a “buy” rating to a “hold” rating and lowered their price objective for the company from $285.00 to $280.00 in a report on Wednesday, July 31st. Eleven research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $304.41.

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.