E Fund Management Co. Ltd. Has $1.14 Million Stock Holdings in McDonald’s Co. (NYSE:MCD)

E Fund Management Co. Ltd. raised its position in McDonald’s Co. (NYSE:MCD) by 11.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,483 shares of the fast-food giant’s stock after buying an additional 476 shares during the quarter. E Fund Management Co. Ltd.’s holdings in McDonald’s were worth $1,142,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MCD. Dixon Mitchell Investment Counsel Inc. acquired a new stake in shares of McDonald’s during the 1st quarter worth $28,000. Clear Investment Research LLC acquired a new stake in shares of McDonald’s during the 4th quarter worth $38,000. Kings Path Partners LLC acquired a new stake in shares of McDonald’s during the 2nd quarter worth $38,000. Accent Capital Management LLC acquired a new stake in shares of McDonald’s during the 4th quarter worth $44,000. Finally, Transcendent Capital Group LLC acquired a new stake in shares of McDonald’s during the 4th quarter worth $45,000. 70.29% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at McDonald’s

In related news, EVP Marion K. Gross sold 1,498 shares of the firm’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $248.26, for a total transaction of $371,893.48. Following the completion of the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at $387,285.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Marion K. Gross sold 1,498 shares of the firm’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $248.26, for a total transaction of $371,893.48. Following the completion of the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at $387,285.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $260.00, for a total value of $285,740.00. Following the sale, the insider now directly owns 13,681 shares of the company’s stock, valued at approximately $3,557,060. The disclosure for this sale can be found here. Insiders sold 6,291 shares of company stock worth $1,689,073 over the last ninety days. 0.23% of the stock is owned by insiders.

Wall Street Analyst Weigh In

MCD has been the topic of several analyst reports. KeyCorp reduced their target price on McDonald’s from $310.00 to $305.00 and set an “overweight” rating on the stock in a report on Tuesday, July 30th. Jefferies Financial Group increased their target price on McDonald’s from $310.00 to $330.00 and gave the stock a “buy” rating in a report on Monday, September 9th. The Goldman Sachs Group began coverage on McDonald’s in a report on Thursday, June 13th. They set a “neutral” rating and a $288.00 target price on the stock. Evercore ISI upped their price objective on McDonald’s from $300.00 to $320.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th. Finally, Wedbush restated an “outperform” rating and set a $295.00 price objective on shares of McDonald’s in a research report on Monday, July 29th. Eleven research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $306.11.

McDonald’s Price Performance

Shares of MCD opened at $293.73 on Wednesday. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $302.39. The company has a market capitalization of $211.69 billion, a price-to-earnings ratio of 24.93, a price-to-earnings-growth ratio of 3.88 and a beta of 0.72. The business has a 50-day moving average of $274.83 and a 200-day moving average of $270.53.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Monday, July 29th. The fast-food giant reported $2.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.10). McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. The company had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $6.62 billion. During the same quarter last year, the business earned $3.17 earnings per share. McDonald’s’s revenue was down .1% compared to the same quarter last year. As a group, sell-side analysts anticipate that McDonald’s Co. will post 11.67 EPS for the current year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were given a dividend of $1.67 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.27%. McDonald’s’s dividend payout ratio (DPR) is 56.71%.

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.