Williams Jones Wealth Management LLC. Raises Stake in McDonald’s Co. (NYSE:MCD)

Williams Jones Wealth Management LLC. raised its position in shares of McDonald’s Co. (NYSE:MCD) by 4.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,821 shares of the fast-food giant’s stock after purchasing an additional 644 shares during the quarter. Williams Jones Wealth Management LLC.’s holdings in McDonald’s were worth $3,897,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Capital Square LLC lifted its holdings in shares of McDonald’s by 37.1% in the first quarter. Capital Square LLC now owns 1,370 shares of the fast-food giant’s stock worth $386,000 after buying an additional 371 shares in the last quarter. Meeder Advisory Services Inc. lifted its holdings in shares of McDonald’s by 0.4% in the first quarter. Meeder Advisory Services Inc. now owns 13,159 shares of the fast-food giant’s stock worth $3,710,000 after buying an additional 46 shares in the last quarter. Sfmg LLC lifted its holdings in shares of McDonald’s by 1.0% in the first quarter. Sfmg LLC now owns 5,232 shares of the fast-food giant’s stock worth $1,475,000 after buying an additional 51 shares in the last quarter. Fiduciary Family Office LLC lifted its holdings in shares of McDonald’s by 2.6% in the first quarter. Fiduciary Family Office LLC now owns 2,257 shares of the fast-food giant’s stock worth $636,000 after buying an additional 57 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of McDonald’s by 15.9% in the first quarter. Sei Investments Co. now owns 332,616 shares of the fast-food giant’s stock worth $93,782,000 after buying an additional 45,533 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Analysts Set New Price Targets

MCD has been the topic of several research analyst reports. Wedbush lowered their target price on shares of McDonald’s from $330.00 to $300.00 and set an “outperform” rating on the stock in a report on Friday, April 26th. KeyCorp decreased their price target on shares of McDonald’s from $315.00 to $310.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 1st. Evercore ISI decreased their price target on shares of McDonald’s from $330.00 to $300.00 and set an “outperform” rating on the stock in a research note on Tuesday. Citigroup decreased their price target on shares of McDonald’s from $297.00 to $280.00 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, JPMorgan Chase & Co. decreased their price target on shares of McDonald’s from $300.00 to $290.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 10th. Ten equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $310.71.

Insider Activity at McDonald’s

In related news, EVP Jonathan Banner sold 800 shares of the business’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $275.02, for a total value of $220,016.00. Following the sale, the executive vice president now directly owns 19 shares in the company, valued at approximately $5,225.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other McDonald’s news, EVP Jonathan Banner sold 800 shares of McDonald’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $275.02, for a total value of $220,016.00. Following the completion of the transaction, the executive vice president now directly owns 19 shares of the company’s stock, valued at approximately $5,225.38. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the transaction, the insider now directly owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,593 shares of company stock worth $1,472,518. Company insiders own 0.23% of the company’s stock.

McDonald’s Stock Performance

Shares of NYSE MCD traded up $4.22 during trading on Tuesday, hitting $255.75. 2,194,905 shares of the company were exchanged, compared to its average volume of 3,450,835. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $302.39. The company has a fifty day moving average price of $258.14 and a 200-day moving average price of $275.89. The firm has a market capitalization of $184.31 billion, a PE ratio of 21.60, a P/E/G ratio of 2.86 and a beta of 0.71.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.71 by ($0.01). The company had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.16 billion. McDonald’s had a net margin of 33.36% and a negative return on equity of 180.74%. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the firm posted $2.63 earnings per share. Research analysts anticipate that McDonald’s Co. will post 12.17 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were issued a $1.67 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $6.68 annualized dividend and a yield of 2.61%. McDonald’s’s dividend payout ratio (DPR) is currently 56.71%.

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.