Voleon Capital Management LP Has $201,000 Stock Position in McDonald’s Corporation $MCD

Voleon Capital Management LP decreased its stake in McDonald’s Corporation (NYSE:MCD) by 93.3% in the first quarter, HoldingsChannel reports. The firm owned 644 shares of the fast-food giant’s stock after selling 8,946 shares during the period. Voleon Capital Management LP’s holdings in McDonald’s were worth $201,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mascagni Wealth Management Inc. acquired a new position in shares of McDonald’s in the 4th quarter valued at $25,000. Pinney & Scofield Inc. acquired a new stake in McDonald’s during the 4th quarter worth about $29,000. Abound Financial LLC acquired a new stake in McDonald’s during the 1st quarter worth about $30,000. Copia Wealth Management acquired a new stake in McDonald’s during the 4th quarter worth about $31,000. Finally, Redmont Wealth Advisors LLC acquired a new stake in McDonald’s during the 1st quarter worth about $31,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Price Performance

MCD opened at $306.17 on Thursday. McDonald’s Corporation has a fifty-two week low of $276.53 and a fifty-two week high of $326.32. The business has a 50-day moving average of $304.80 and a 200-day moving average of $306.60. The company has a market capitalization of $218.48 billion, a PE ratio of 26.24, a price-to-earnings-growth ratio of 3.18 and a beta of 0.50.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, topping analysts’ consensus estimates of $3.15 by $0.04. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The company had revenue of $6.84 billion during the quarter, compared to the consensus estimate of $6.68 billion. During the same period last year, the business earned $2.97 EPS. The business’s quarterly revenue was up 5.4% on a year-over-year basis. On average, equities research analysts expect that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be paid a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 2nd. McDonald’s’s dividend payout ratio (DPR) is presently 60.67%.

Analyst Ratings Changes

A number of brokerages have commented on MCD. Morgan Stanley raised their price objective on McDonald’s from $324.00 to $326.00 and gave the stock an “equal weight” rating in a research report on Monday, July 14th. TD Securities restated a “hold” rating and set a $305.00 price objective on shares of McDonald’s in a research report on Thursday, June 5th. Guggenheim restated a “neutral” rating on shares of McDonald’s in a research report on Friday, August 8th. Barclays raised their price objective on McDonald’s from $355.00 to $360.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. Finally, KeyCorp restated an “overweight” rating and set a $335.00 price objective (up from $325.00) on shares of McDonald’s in a research report on Thursday, August 7th. Eleven research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $325.14.

Insider Buying and Selling

In other McDonald’s news, CMO Edith Morgan Flatley sold 1,000 shares of McDonald’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total value of $315,000.00. Following the transaction, the chief marketing officer directly owned 6,858 shares of the company’s stock, valued at $2,160,270. The trade was a 12.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Jonathan Banner sold 1,000 shares of McDonald’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 value of $310,000.00. Following the completion of the transaction, the executive vice president directly owned 99 shares in the company, valued at approximately $30,690. This represents a 90.99% 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 90 days. 0.25% of the stock is currently owned by insiders.

McDonald’s 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.