McDonald’s Co. (NYSE:MCD) Position Increased by Advisor Group Holdings Inc.

Advisor Group Holdings Inc. raised its holdings in shares of McDonald’s Co. (NYSE:MCDGet Rating) by 4.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 350,007 shares of the fast-food giant’s stock after buying an additional 15,078 shares during the period. Advisor Group Holdings Inc.’s holdings in McDonald’s were worth $79,309,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. TrueWealth Advisors LLC boosted its holdings in McDonald’s by 12.4% during the first quarter. TrueWealth Advisors LLC now owns 1,032 shares of the fast-food giant’s stock worth $254,000 after buying an additional 114 shares in the last quarter. Financial Advisory Service Inc. boosted its holdings in McDonald’s by 7.0% during the first quarter. Financial Advisory Service Inc. now owns 12,888 shares of the fast-food giant’s stock worth $3,187,000 after buying an additional 839 shares in the last quarter. Prospera Financial Services Inc boosted its holdings in McDonald’s by 20.2% during the first quarter. Prospera Financial Services Inc now owns 37,727 shares of the fast-food giant’s stock worth $9,334,000 after buying an additional 6,339 shares in the last quarter. Dearborn Partners LLC boosted its holdings in McDonald’s by 1.1% during the first quarter. Dearborn Partners LLC now owns 252,144 shares of the fast-food giant’s stock worth $62,350,000 after buying an additional 2,703 shares in the last quarter. Finally, Lowe Brockenbrough & Co. Inc. boosted its stake in McDonald’s by 3.0% in the 1st quarter. Lowe Brockenbrough & Co. Inc. now owns 20,877 shares of the fast-food giant’s stock worth $5,162,000 after purchasing an additional 600 shares during the period. 68.44% of the stock is currently owned by institutional investors.

McDonald’s Trading Up 0.7 %

NYSE:MCD opened at $258.89 on Thursday. McDonald’s Co. has a 1 year low of $217.68 and a 1 year high of $271.15. The firm’s fifty day simple moving average is $247.21 and its 200 day simple moving average is $247.74. The firm has a market capitalization of $191.46 billion, a PE ratio of 27.34, a PEG ratio of 3.14 and a beta of 0.55.

McDonald’s (NYSE:MCDGet Rating) last posted its earnings results on Tuesday, July 26th. The fast-food giant reported $2.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.47 by $0.08. McDonald’s had a net margin of 29.93% and a negative return on equity of 131.20%. The business had revenue of $5.72 billion for the quarter, compared to analyst estimates of $5.82 billion. During the same period last year, the business posted $2.37 EPS. McDonald’s’s revenue was down 2.9% compared to the same quarter last year. As a group, analysts anticipate that McDonald’s Co. will post 9.77 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 20th. Shareholders of record on Monday, June 6th were given a $1.38 dividend. The ex-dividend date was Friday, June 3rd. This represents a $5.52 annualized dividend and a yield of 2.13%. McDonald’s’s dividend payout ratio is 58.29%.

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 5,892 shares of the firm’s stock in a transaction on Wednesday, May 4th. The shares were sold at an average price of $249.23, for a total value of $1,468,463.16. Following the sale, the insider now directly owns 8,187 shares in the company, valued at approximately $2,040,446.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Atlantic Securities raised shares of McDonald’s from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $245.00 to $278.00 in a research note on Wednesday, June 29th. JPMorgan Chase & Co. raised their price objective on shares of McDonald’s from $260.00 to $275.00 in a research note on Tuesday, May 3rd. BTIG Research decreased their price objective on shares of McDonald’s from $295.00 to $280.00 and set a “buy” rating for the company in a research note on Tuesday, April 19th. Royal Bank of Canada raised their price objective on shares of McDonald’s from $292.00 to $305.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Morgan Stanley cut their target price on shares of McDonald’s from $287.00 to $285.00 and set an “overweight” rating for the company in a research report on Monday, July 18th. Seven investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. Based on data from MarketBeat, McDonald’s currently has an average rating of “Moderate Buy” and a consensus price target of $282.77.

McDonald’s Company Profile

(Get Rating)

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer hamburgers and cheeseburgers, chicken sandwiches and nuggets, wraps, fries, salads, oatmeal, shakes, desserts, sundaes, soft serve cones, bakery items, soft drinks, coffee, and beverages and other beverages, as well as breakfast menu, including biscuit and bagel sandwiches, breakfast burritos, hotcakes, and other sandwiches.

Featured Articles

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 Co. (NYSE:MCDGet Rating).

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

Receive News & Ratings for McDonald's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDonald's and related companies with MarketBeat.com's FREE daily email newsletter.