Stableford Capital II LLC Boosts Holdings in McDonald’s Co. (NYSE:MCD)

Stableford Capital II LLC grew its holdings in McDonald’s Co. (NYSE:MCDFree Report) by 6.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,176 shares of the fast-food giant’s stock after purchasing an additional 197 shares during the quarter. Stableford Capital II LLC’s holdings in McDonald’s were worth $895,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Stolper Co boosted its stake in shares of McDonald’s by 1.1% in the first quarter. Stolper Co now owns 6,780 shares of the fast-food giant’s stock valued at $1,912,000 after purchasing an additional 72 shares during the period. Alaska Permanent Fund Corp lifted its stake in McDonald’s by 4.9% in the first quarter. Alaska Permanent Fund Corp now owns 34,363 shares of the fast-food giant’s stock worth $9,689,000 after acquiring an additional 1,598 shares during the last quarter. New Hampshire Trust lifted its stake in McDonald’s by 0.6% in the first quarter. New Hampshire Trust now owns 21,128 shares of the fast-food giant’s stock worth $5,957,000 after acquiring an additional 134 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its position in shares of McDonald’s by 1.5% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 117,967 shares of the fast-food giant’s stock worth $33,261,000 after purchasing an additional 1,706 shares in the last quarter. Finally, Rise Advisors LLC boosted its position in shares of McDonald’s by 29.4% during the 1st quarter. Rise Advisors LLC now owns 1,948 shares of the fast-food giant’s stock worth $549,000 after purchasing an additional 443 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Buying and Selling

In related news, EVP Jonathan Banner sold 800 shares of the company’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $275.02, for a total transaction of $220,016.00. Following the completion of the sale, the executive vice president now directly owns 19 shares of the company’s stock, valued at approximately $5,225.38. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, EVP Jonathan Banner sold 800 shares of the company’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $275.02, for a total transaction of $220,016.00. Following the completion of the sale, the executive vice president now directly owns 19 shares of the company’s stock, valued at approximately $5,225.38. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total transaction of $303,750.72. Following the completion of the transaction, the insider now owns 16,977 shares in the company, valued at approximately $4,696,517.28. The disclosure for this sale can be found here. In the last three months, insiders sold 4,096 shares of company stock valued at $1,127,678. Company insiders own 0.23% of the company’s stock.

McDonald’s Stock Up 1.2 %

Shares of NYSE MCD traded up $3.01 during trading on Thursday, hitting $253.80. 3,728,754 shares of the company traded hands, compared to its average volume of 3,339,746. McDonald’s Co. has a 1 year low of $245.73 and a 1 year high of $302.39. The company has a 50-day moving average price of $264.89 and a 200-day moving average price of $280.67. The firm has a market capitalization of $182.91 billion, a P/E ratio of 21.29, a P/E/G ratio of 2.82 and a beta of 0.71.

McDonald’s (NYSE:MCDGet Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.71 by ($0.01). McDonald’s had a net margin of 33.36% and a negative return on equity of 180.74%. The company had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.16 billion. During the same period in the prior year, the firm earned $2.63 earnings per share. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. Research analysts predict that McDonald’s Co. will post 12.19 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were given a dividend of $1.67 per share. The ex-dividend date was Monday, June 3rd. This represents a $6.68 dividend on an annualized basis and a yield of 2.63%. McDonald’s’s dividend payout ratio (DPR) is 56.71%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. TD Cowen reiterated a “buy” rating and issued a $305.00 price target on shares of McDonald’s in a research report on Thursday, June 13th. Robert W. Baird cut their price objective on McDonald’s from $305.00 to $300.00 and set an “outperform” rating for the company in a research report on Wednesday, May 1st. JPMorgan Chase & Co. lifted their price objective on McDonald’s from $290.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, June 3rd. Citigroup cut their price objective on McDonald’s from $312.00 to $297.00 and set a “neutral” rating for the company in a research report on Tuesday, April 16th. Finally, KeyCorp cut their price objective on McDonald’s from $315.00 to $310.00 and set an “overweight” rating for the company in a research report on Wednesday, May 1st. Ten research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $315.14.

Read Our Latest Stock Report on MCD

About McDonald’s

(Free Report)

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.

See Also

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

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