Y.D. More Investments Ltd Increases Stake in McDonald’s Co. (NYSE:MCD)

Y.D. More Investments Ltd boosted its position in shares of McDonald’s Co. (NYSE:MCD) by 3.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,836 shares of the fast-food giant’s stock after buying an additional 171 shares during the quarter. Y.D. More Investments Ltd’s holdings in McDonald’s were worth $1,433,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of MCD. International Assets Investment Management LLC lifted its holdings in McDonald’s by 10,702.5% in the fourth quarter. International Assets Investment Management LLC now owns 2,174,426 shares of the fast-food giant’s stock valued at $644,739,000 after acquiring an additional 2,154,297 shares during the period. J.P. Morgan Private Wealth Advisors LLC acquired a new position in McDonald’s in the third quarter valued at approximately $192,165,000. AMF Tjanstepension AB lifted its holdings in McDonald’s by 174.7% in the third quarter. AMF Tjanstepension AB now owns 947,653 shares of the fast-food giant’s stock valued at $249,693,000 after acquiring an additional 602,707 shares during the period. Barclays PLC lifted its holdings in McDonald’s by 16.7% in the third quarter. Barclays PLC now owns 2,997,877 shares of the fast-food giant’s stock valued at $789,762,000 after acquiring an additional 429,000 shares during the period. Finally, Winslow Capital Management LLC lifted its holdings in McDonald’s by 39.6% in the third quarter. Winslow Capital Management LLC now owns 1,306,329 shares of the fast-food giant’s stock valued at $344,139,000 after acquiring an additional 370,699 shares during the period. 70.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MCD. KeyCorp reduced their target price on McDonald’s from $315.00 to $310.00 and set an “overweight” rating for the company in a research note on Wednesday. Royal Bank of Canada dropped their target price on McDonald’s from $340.00 to $335.00 and set an “outperform” rating for the company in a report on Tuesday, February 6th. JPMorgan Chase & Co. dropped their target price on McDonald’s from $300.00 to $290.00 and set an “overweight” rating for the company in a report on Wednesday. Stephens restated an “overweight” rating and issued a $320.00 target price on shares of McDonald’s in a report on Monday, February 5th. Finally, Oppenheimer restated a “market perform” rating on shares of McDonald’s in a report on Friday, January 5th. Nine equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat, McDonald’s has an average rating of “Moderate Buy” and a consensus target price of $317.37.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’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 completion of the transaction, the insider now directly owns 16,977 shares in the company, valued at $4,696,517.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the completion of the transaction, the insider now directly owns 16,977 shares in the company, valued at $4,696,517.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total value of $312,533.62. Following the transaction, the insider now owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The disclosure for this sale can be found here. Insiders own 0.23% of the company’s stock.

McDonald’s Stock Performance

Shares of NYSE MCD traded up $1.39 during midday trading on Wednesday, reaching $274.43. 4,842,639 shares of the company’s stock were exchanged, compared to its average volume of 3,332,144. McDonald’s Co. has a 52-week low of $245.73 and a 52-week high of $302.39. The stock has a market capitalization of $197.87 billion, a PE ratio of 23.46, a price-to-earnings-growth ratio of 2.99 and a beta of 0.71. The business’s fifty day moving average price is $280.92 and its two-hundred day moving average price is $282.33.

McDonald’s (NYSE:MCD) last announced its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). The business had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.16 billion. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The firm’s revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.63 earnings per share. Analysts predict that McDonald’s Co. will post 12.34 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $1.67 dividend. The ex-dividend date was Thursday, February 29th. This represents a $6.68 dividend on an annualized basis and a yield of 2.43%. McDonald’s’s dividend payout ratio (DPR) is 57.74%.

About McDonald’s

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.