Legacy Advisors LLC Has $4.64 Million Stock Holdings in McDonald’s Co. (NYSE:MCD)

Legacy Advisors LLC increased its holdings in shares of McDonald’s Co. (NYSE:MCD) by 7.6% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 18,202 shares of the fast-food giant’s stock after purchasing an additional 1,288 shares during the period. Legacy Advisors LLC’s holdings in McDonald’s were worth $4,638,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of MCD. GUNN & Co INVESTMENT MANAGEMENT INC. boosted its stake in shares of McDonald’s by 1,168.1% in the 4th quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 168,419 shares of the fast-food giant’s stock valued at $49,938,000 after purchasing an additional 155,138 shares in the last quarter. Gilbert & Cook Inc. lifted its stake in McDonald’s by 20.7% in the 4th quarter. Gilbert & Cook Inc. now owns 4,384 shares of the fast-food giant’s stock valued at $1,300,000 after purchasing an additional 753 shares during the last quarter. Cannell & Co. boosted its position in McDonald’s by 12.2% in the fourth quarter. Cannell & Co. now owns 4,677 shares of the fast-food giant’s stock valued at $1,387,000 after buying an additional 510 shares in the last quarter. LGT Fund Management Co Ltd. grew its stake in shares of McDonald’s by 31.5% during the fourth quarter. LGT Fund Management Co Ltd. now owns 10,430 shares of the fast-food giant’s stock worth $3,086,000 after buying an additional 2,500 shares during the last quarter. Finally, Mechanics Financial Corp increased its holdings in shares of McDonald’s by 0.7% during the fourth quarter. Mechanics Financial Corp now owns 5,331 shares of the fast-food giant’s stock worth $1,581,000 after buying an additional 36 shares in the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft reduced their price objective on McDonald’s from $295.00 to $290.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Bank of America lowered their price objective on McDonald’s from $288.00 to $278.00 and set a “neutral” rating for the company in a research note on Tuesday, July 30th. Loop Capital cut their target price on shares of McDonald’s from $357.00 to $342.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Morgan Stanley decreased their price target on shares of McDonald’s from $312.00 to $300.00 and set an “overweight” rating for the company in a research report on Thursday, July 11th. Finally, BMO Capital Markets cut their price target on shares of McDonald’s from $330.00 to $315.00 and set an “outperform” rating on the stock in a report on Tuesday, July 30th. Eleven investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $303.71.

McDonald’s Price Performance

Shares of MCD opened at $288.66 on Friday. McDonald’s Co. has a one year low of $243.53 and a one year high of $302.39. The company has a market cap of $207.07 billion, a PE ratio of 24.50, a P/E/G ratio of 3.86 and a beta of 0.71. The stock has a 50-day moving average of $265.62 and a 200-day moving average of $271.00.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Monday, July 29th. The fast-food giant reported $2.97 EPS for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.10). McDonald’s had a net margin of 32.25% and a negative return on equity of 178.68%. The firm had revenue of $6.49 billion during the quarter, compared to analyst estimates of $6.62 billion. During the same period last year, the business posted $3.17 EPS. The company’s revenue was down .1% on a year-over-year basis. Analysts expect that McDonald’s Co. will post 11.67 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The firm 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 is Tuesday, September 3rd. This represents a $6.68 dividend on an annualized basis and a yield of 2.31%. McDonald’s’s dividend payout ratio (DPR) is presently 56.71%.

Insiders Place Their Bets

In other news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $260.00, for a total transaction of $285,480.00. Following the completion of the sale, the insider now directly owns 14,780 shares of the company’s stock, valued at $3,842,800. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $260.00, for a total transaction of $285,480.00. Following the completion of the transaction, the insider now owns 14,780 shares in the company, valued at approximately $3,842,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Marion K. Gross sold 1,498 shares of the stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $248.26, for a total value of $371,893.48. Following the completion of the sale, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at $387,285.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,793 shares of company stock worth $1,260,106. 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.