Y.D. More Investments Ltd Purchases 425 Shares of McDonald’s Co. (NYSE:MCD)

Y.D. More Investments Ltd grew its holdings in shares of McDonald’s Co. (NYSE:MCD) by 7.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,480 shares of the fast-food giant’s stock after buying an additional 425 shares during the quarter. Y.D. More Investments Ltd’s holdings in McDonald’s were worth $1,651,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of MCD. Vanguard Group Inc. grew its position in McDonald’s by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 69,049,310 shares of the fast-food giant’s stock valued at $20,473,811,000 after acquiring an additional 599,745 shares during the last quarter. Norges Bank purchased a new stake in shares of McDonald’s during the fourth quarter valued at $2,684,899,000. Price T Rowe Associates Inc. MD grew its holdings in shares of McDonald’s by 15.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,347,048 shares of the fast-food giant’s stock worth $2,178,474,000 after purchasing an additional 987,099 shares during the last quarter. Gallagher Fiduciary Advisors LLC increased its stake in McDonald’s by 141,160.9% in the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 5,613,710 shares of the fast-food giant’s stock worth $1,664,521,000 after buying an additional 5,609,736 shares during the period. Finally, Capital Research Global Investors lifted its holdings in McDonald’s by 66.9% during the 1st quarter. Capital Research Global Investors now owns 5,471,007 shares of the fast-food giant’s stock valued at $1,542,550,000 after buying an additional 2,193,769 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Loop Capital restated a “buy” rating and issued a $342.00 target price on shares of McDonald’s in a research note on Tuesday. Morgan Stanley dropped their price objective on McDonald’s from $312.00 to $300.00 and set an “overweight” rating on the stock in a research note on Thursday, July 11th. Jefferies Financial Group raised their price objective on McDonald’s from $310.00 to $330.00 and gave the stock a “buy” rating in a report on Monday. Stifel Nicolaus lowered their target price on McDonald’s from $285.00 to $265.00 and set a “hold” rating for the company in a report on Monday, July 22nd. Finally, Guggenheim increased their price target on McDonald’s from $280.00 to $290.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Eleven equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $304.41.

McDonald’s Price Performance

McDonald’s stock opened at $290.14 on Thursday. The business has a fifty day moving average price of $271.14 and a 200-day moving average price of $270.66. 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 $209.10 billion, a price-to-earnings ratio of 24.63, a PEG ratio of 3.87 and a beta of 0.72.

McDonald’s (NYSE:MCD) last issued its quarterly 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 for the quarter, compared to analysts’ expectations 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 in the previous year, the firm posted $3.17 EPS. On average, equities research analysts anticipate that McDonald’s Co. will post 11.67 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

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 dividend of $1.67 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $6.68 dividend on an annualized basis and a yield of 2.30%. McDonald’s’s payout ratio is 56.71%.

Insiders Place Their Bets

In related news, EVP Marion K. Gross sold 1,498 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $286.36, for a total value of $428,967.28. Following the transaction, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $446,721.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $260.00, for a total transaction of $285,740.00. Following the completion of the sale, 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 available at the SEC website. Also, EVP Marion K. Gross sold 1,498 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $286.36, for a total transaction of $428,967.28. Following the completion of the transaction, the executive vice president now owns 1,560 shares in the company, valued at approximately $446,721.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,291 shares of company stock valued at $1,689,073. Insiders own 0.23% of the company’s stock.

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.