Pictet North America Advisors SA Has $12.15 Million Position in McDonald’s Co. (NYSE:MCD)

Pictet North America Advisors SA lifted its holdings in McDonald’s Co. (NYSE:MCD) by 81.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 47,686 shares of the fast-food giant’s stock after buying an additional 21,338 shares during the quarter. McDonald’s makes up about 1.3% of Pictet North America Advisors SA’s holdings, making the stock its 23rd largest holding. Pictet North America Advisors SA’s holdings in McDonald’s were worth $12,152,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of MCD. Roffman Miller Associates Inc. PA grew its holdings in shares of McDonald’s by 1.7% during the fourth quarter. Roffman Miller Associates Inc. PA now owns 155,740 shares of the fast-food giant’s stock worth $46,179,000 after buying an additional 2,546 shares in the last quarter. Aigen Investment Management LP acquired a new stake in shares of McDonald’s in the fourth quarter valued at approximately $4,286,000. Strait & Sound Wealth Management LLC acquired a new stake in shares of McDonald’s in the fourth quarter valued at approximately $211,000. Choreo LLC lifted its position in shares of McDonald’s by 22.0% in the fourth quarter. Choreo LLC now owns 23,244 shares of the fast-food giant’s stock worth $6,892,000 after purchasing an additional 4,190 shares in the last quarter. Finally, Vestor Capital LLC boosted its holdings in McDonald’s by 40.4% during the fourth quarter. Vestor Capital LLC now owns 74,427 shares of the fast-food giant’s stock worth $22,068,000 after purchasing an additional 21,413 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on MCD shares. TD Cowen cut shares of McDonald’s from a “buy” rating to a “hold” rating and cut their price target for the stock from $285.00 to $280.00 in a research report on Wednesday, July 31st. Evercore ISI upped their target price on McDonald’s from $300.00 to $320.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. Stifel Nicolaus decreased their price target on McDonald’s from $285.00 to $265.00 and set a “hold” rating for the company in a research note on Monday, July 22nd. Wedbush reissued an “outperform” rating and issued a $295.00 price objective on shares of McDonald’s in a research report on Monday, July 29th. Finally, Bank of America cut their target price on shares of McDonald’s from $288.00 to $278.00 and set a “neutral” rating for the company in a research note on Tuesday, July 30th. Eleven analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $303.71.

McDonald’s Trading Up 0.1 %

Shares of NYSE:MCD traded up $0.31 on Friday, reaching $289.52. 2,145,946 shares of the company’s stock were exchanged, compared to its average volume of 3,554,448. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $302.39. The company has a fifty day moving average of $262.15 and a 200-day moving average of $270.91. The company has a market capitalization of $208.65 billion, a price-to-earnings ratio of 24.58, a PEG ratio of 3.58 and a beta of 0.71.

McDonald’s (NYSE:MCD) last posted 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). The company had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $6.62 billion. McDonald’s had a negative return on equity of 178.92% and a net margin of 32.25%. McDonald’s’s revenue was down .1% on a year-over-year basis. During the same quarter last year, the business earned $3.17 EPS. As a group, equities research analysts forecast that McDonald’s Co. will post 11.71 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be given a dividend of $1.67 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $6.68 annualized dividend and a yield of 2.31%. McDonald’s’s dividend payout ratio is 56.71%.

Insiders Place Their Bets

In related news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $260.00, for a total transaction of $285,480.00. Following the sale, 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 accessible through this hyperlink. In other news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at approximately $3,842,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $260.00, for a total value of $285,740.00. Following the completion of the sale, the insider now directly owns 13,681 shares in the company, valued at $3,557,060. The disclosure for this sale can be found here. Insiders have sold 4,793 shares of company stock worth $1,260,106 over the last ninety days. Corporate insiders own 0.23% of the company’s stock.

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.