NewEdge Advisors LLC Grows Position in McDonald’s Corporation $MCD

NewEdge Advisors LLC raised its position in McDonald’s Corporation (NYSE:MCD) by 0.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 125,463 shares of the fast-food giant’s stock after purchasing an additional 534 shares during the quarter. NewEdge Advisors LLC’s holdings in McDonald’s were worth $39,191,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of MCD. Nuveen LLC acquired a new stake in shares of McDonald’s in the first quarter valued at about $1,324,961,000. GAMMA Investing LLC grew its holdings in McDonald’s by 39,039.7% during the 1st quarter. GAMMA Investing LLC now owns 3,497,919 shares of the fast-food giant’s stock valued at $1,092,645,000 after purchasing an additional 3,488,982 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in McDonald’s by 16.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,341,460 shares of the fast-food giant’s stock valued at $2,917,993,000 after purchasing an additional 1,344,954 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in McDonald’s by 19.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,982,825 shares of the fast-food giant’s stock valued at $1,556,485,000 after purchasing an additional 815,768 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in McDonald’s during the 4th quarter valued at $211,824,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Stock Up 0.2%

Shares of NYSE MCD opened at $317.11 on Friday. The stock’s 50 day moving average price is $303.42 and its two-hundred day moving average price is $306.39. McDonald’s Corporation has a 52-week low of $276.53 and a 52-week high of $326.32. The stock has a market capitalization of $226.29 billion, a P/E ratio of 27.17, a PEG ratio of 3.22 and a beta of 0.50.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.04. The firm had revenue of $6.84 billion for the quarter, compared to analysts’ expectations of $6.68 billion. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.McDonald’s’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.97 earnings per share. On average, analysts anticipate that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $1.77 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.2%. McDonald’s’s dividend payout ratio is 60.67%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. BMO Capital Markets increased their price target on McDonald’s from $350.00 to $360.00 and gave the company an “outperform” rating in a report on Thursday. Erste Group Bank downgraded McDonald’s from a “strong-buy” rating to a “hold” rating in a report on Saturday, May 24th. Guggenheim reissued a “neutral” rating on shares of McDonald’s in a report on Friday, August 8th. Loop Capital downgraded McDonald’s from a “buy” rating to a “hold” rating and reduced their price target for the company from $346.00 to $315.00 in a report on Friday, June 6th. Finally, Redburn Atlantic reissued a “sell” rating and issued a $260.00 price target (down previously from $319.00) on shares of McDonald’s in a report on Tuesday, June 10th. Twelve research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $325.35.

Insider Buying and Selling

In other news, EVP Jonathan Banner sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total transaction of $310,000.00. Following the completion of the transaction, the executive vice president directly owned 99 shares of the company’s stock, valued at approximately $30,690. This represents a 90.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of the company’s stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total value of $281,221.11. Following the transaction, the insider directly owned 9,283 shares of the company’s stock, valued at $2,780,165.67. This trade represents a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,341 shares of company stock valued at $2,544,327 over the last three months. 0.25% of the stock is owned by company insiders.

McDonald’s Company Profile

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.