Reilly Financial Advisors LLC Acquires 700 Shares of McDonald’s Corporation (MCD)

Reilly Financial Advisors LLC raised its stake in shares of McDonald’s Corporation (NYSE:MCD) by 30.5% during the second quarter, Holdings Channel reports. The institutional investor owned 2,995 shares of the fast-food giant’s stock after buying an additional 700 shares during the period. Reilly Financial Advisors LLC’s holdings in McDonald’s Corporation were worth $459,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. RMB Capital Management LLC acquired a new stake in shares of McDonald’s Corporation during the fourth quarter valued at about $3,741,000. Wealthfront Inc. boosted its stake in shares of McDonald’s Corporation by 4.9% in the fourth quarter. Wealthfront Inc. now owns 27,042 shares of the fast-food giant’s stock valued at $3,292,000 after buying an additional 1,275 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of McDonald’s Corporation during the fourth quarter valued at about $648,000. Dodge & Cox acquired a new stake in shares of McDonald’s Corporation during the fourth quarter valued at about $3,001,000. Finally, Israel Discount Bank of New York GFN acquired a new stake in shares of McDonald’s Corporation during the fourth quarter valued at about $1,163,000. Hedge funds and other institutional investors own 67.52% of the company’s stock.

McDonald’s Corporation (NYSE MCD) traded up 0.96% during midday trading on Thursday, reaching $156.41. 1,298,068 shares of the company were exchanged. The company has a market capitalization of $127.49 billion, a PE ratio of 25.60 and a beta of 0.70. The firm has a 50-day moving average price of $154.69 and a 200-day moving average price of $140.24. McDonald’s Corporation has a 52 week low of $110.33 and a 52 week high of $159.98.

McDonald’s Corporation (NYSE:MCD) last posted its quarterly earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.62 by $0.08. McDonald’s Corporation had a net margin of 21.00% and a negative return on equity of 266.50%. The business had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $5.96 billion. During the same period in the prior year, the company posted $1.45 EPS. The business’s revenue for the quarter was down 3.4% on a year-over-year basis. Equities research analysts anticipate that McDonald’s Corporation will post $6.55 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, September 1st will be paid a dividend of $0.94 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.43%. McDonald’s Corporation’s dividend payout ratio (DPR) is presently 61.54%.

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Several analysts have recently issued reports on the stock. Credit Suisse Group restated an “outperform” rating and set a $170.00 target price (up from $165.00) on shares of McDonald’s Corporation in a research report on Wednesday, July 26th. Robert W. Baird set a $170.00 target price on shares of McDonald’s Corporation and gave the company a “buy” rating in a research report on Wednesday, July 26th. Stephens restated an “overweight” rating and set a $155.00 target price on shares of McDonald’s Corporation in a research report on Wednesday, July 26th. Morgan Stanley restated an “equal weight” rating and set a $162.00 target price (up from $150.00) on shares of McDonald’s Corporation in a research report on Wednesday, July 26th. Finally, Sanford C. Bernstein set a $180.00 target price on shares of McDonald’s Corporation and gave the company a “buy” rating in a research report on Wednesday, July 26th. Thirteen equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $162.16.

In other news, CFO Kevin M. Ozan sold 25,322 shares of the company’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $158.50, for a total transaction of $4,013,537.00. Following the transaction, the chief financial officer now directly owns 24,039 shares of the company’s stock, valued at approximately $3,810,181.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Douglas M. Goare sold 17,286 shares of the company’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $158.50, for a total transaction of $2,739,831.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 54,363 shares of company stock worth $8,615,125. Corporate insiders own 0.24% of the company’s stock.

McDonald’s Corporation Company Profile

McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.

Want to see what other hedge funds are holding MCD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for McDonald’s Corporation (NYSE:MCD).

Institutional Ownership by Quarter for McDonald`s Corporation (NYSE:MCD)

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