2,454 Shares in McDonald’s Corporation $MCD Purchased by Fullerton Fund Management Co Ltd.

Fullerton Fund Management Co Ltd. acquired a new stake in shares of McDonald’s Corporation (NYSE:MCD) during the second quarter, HoldingsChannel.com reports. The firm acquired 2,454 shares of the fast-food giant’s stock, valued at approximately $717,000.

Other institutional investors have also modified their holdings of the company. Nova Wealth Management Inc. bought a new position in shares of McDonald’s during the 1st quarter valued at approximately $26,000. HFM Investment Advisors LLC purchased a new position in McDonald’s during the first quarter worth $26,000. Decker Retirement Planning Inc. increased its position in McDonald’s by 142.9% during the second quarter. Decker Retirement Planning Inc. now owns 85 shares of the fast-food giant’s stock valued at $25,000 after acquiring an additional 50 shares during the last quarter. Legacy Investment Solutions LLC bought a new position in McDonald’s during the second quarter valued at $25,000. Finally, GFG Capital LLC purchased a new stake in shares of McDonald’s in the second quarter valued at $29,000. 70.29% of the stock is owned by institutional investors.

McDonald’s Stock Up 2.3%

MCD opened at $316.84 on Friday. The stock’s fifty day moving average is $304.98 and its two-hundred day moving average is $303.78. The company has a market capitalization of $225.64 billion, a P/E ratio of 27.03, a PEG ratio of 3.44 and a beta of 0.52. McDonald’s Corporation has a 52 week low of $276.53 and a 52 week high of $326.32.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.11). The firm had revenue of $7.08 billion for the quarter, compared to the consensus estimate of $7.10 billion. McDonald’s had a negative return on equity of 280.89% and a net margin of 32.04%.McDonald’s’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the company posted $3.23 EPS. Equities analysts anticipate that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be given a dividend of $1.86 per share. This is a positive change from McDonald’s’s previous quarterly dividend of $1.77. The ex-dividend date of this dividend is Monday, December 1st. This represents a $7.44 dividend on an annualized basis and a yield of 2.3%. McDonald’s’s payout ratio is 63.48%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on MCD shares. BTIG Research reaffirmed a “neutral” rating on shares of McDonald’s in a research note on Friday, October 24th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of McDonald’s in a research note on Wednesday. KeyCorp reissued an “overweight” rating and set a $335.00 price target on shares of McDonald’s in a research note on Monday, October 20th. Morgan Stanley set a $335.00 price objective on McDonald’s in a research report on Friday, October 17th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of McDonald’s in a research note on Thursday, November 6th. Eleven research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $324.57.

Insider Activity

In other news, EVP Manuel Jm Steijaert sold 6,567 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $305.50, for a total value of $2,006,218.50. Following the completion of the sale, the executive vice president owned 4,606 shares of the company’s stock, valued at approximately $1,407,133. This represents a 58.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Ian Frederick Borden sold 17,134 shares of McDonald’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $310.00, for a total transaction of $5,311,540.00. Following the transaction, the chief financial officer directly owned 26,353 shares in the company, valued at approximately $8,169,430. The trade was a 39.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 40,030 shares of company stock worth $12,240,570. 0.25% of the stock is currently owned by corporate 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.