Executive Wealth Management LLC increased its stake in shares of Mcdonald’s Corp (NYSE:MCD) by 7.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,835 shares of the fast-food giant’s stock after acquiring an additional 1,528 shares during the quarter. Executive Wealth Management LLC’s holdings in Mcdonald’s were worth $4,534,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Litman Gregory Asset Management LLC bought a new stake in Mcdonald’s in the 2nd quarter valued at $27,000. Atlas Capital Advisors LLC increased its holdings in Mcdonald’s by 330.3% in the 2nd quarter. Atlas Capital Advisors LLC now owns 142 shares of the fast-food giant’s stock valued at $29,000 after buying an additional 109 shares during the period. Westside Investment Management Inc. bought a new stake in Mcdonald’s in the 2nd quarter valued at $34,000. Aspire Private Capital LLC bought a new stake in Mcdonald’s in the 4th quarter valued at $32,000. Finally, Canton Hathaway LLC bought a new stake in Mcdonald’s in the 1st quarter valued at $35,000. 68.21% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE MCD opened at $219.73 on Wednesday. The stock’s 50-day moving average is $213.10. The firm has a market cap of $167.95 billion, a P/E ratio of 27.81, a price-to-earnings-growth ratio of 3.17 and a beta of 0.49. Mcdonald’s Corp has a 12-month low of $156.56 and a 12-month high of $221.93.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be given a dividend of $1.16 per share. The ex-dividend date is Friday, August 30th. This represents a $4.64 dividend on an annualized basis and a yield of 2.11%. Mcdonald’s’s payout ratio is presently 58.73%.
In other Mcdonald’s news, EVP Silvia Lagnado sold 26,649 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $212.58, for a total transaction of $5,665,044.42. Following the transaction, the executive vice president now directly owns 40,129 shares in the company, valued at approximately $8,530,622.82. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Ian Frederick Borden sold 4,149 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $199.22, for a total transaction of $826,563.78. The disclosure for this sale can be found here. Corporate insiders own 0.25% of the company’s stock.
MCD has been the topic of several analyst reports. Evercore ISI initiated coverage on shares of Mcdonald’s in a report on Tuesday, June 11th. They issued an “outperform” rating and a $225.00 price target on the stock. Credit Suisse Group upped their target price on shares of Mcdonald’s from $230.00 to $236.00 and gave the stock an “outperform” rating in a report on Tuesday, July 30th. They noted that the move was a valuation call. Stifel Nicolaus upped their target price on shares of Mcdonald’s from $200.00 to $210.00 and gave the stock a “hold” rating in a report on Monday, July 29th. Jefferies Financial Group upped their target price on shares of Mcdonald’s from $225.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, June 28th. Finally, DZ Bank reaffirmed a “hold” rating and issued a $220.00 target price (down previously from $222.00) on shares of Mcdonald’s in a report on Tuesday, July 30th. Eight analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $220.23.
Mcdonald’s Company Profile
McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products, soft drinks, coffee, and other beverages, as well as breakfast menu. As of December 31, 2018, the company operated 37,855 restaurants, including 35,085 franchised restaurants comprising 21,685 franchised to conventional franchisees, 7,225 licensed to developmental licensees, and 6,175 licensed to foreign affiliates; and 2,770 company-operated restaurants.
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