McDonald’s Co. (NYSE:MCD) Stake Boosted by Silverleafe Capital Partners LLC

Silverleafe Capital Partners LLC increased its stake in McDonald’s Co. (NYSE:MCD) by 2.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,350 shares of the fast-food giant’s stock after purchasing an additional 65 shares during the quarter. Silverleafe Capital Partners LLC’s holdings in McDonald’s were worth $663,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of MCD. Norges Bank purchased a new position in McDonald’s during the 4th quarter valued at about $2,684,899,000. Gallagher Fiduciary Advisors LLC grew its stake in McDonald’s by 141,160.9% during the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 5,613,710 shares of the fast-food giant’s stock valued at $1,664,521,000 after acquiring an additional 5,609,736 shares in the last quarter. International Assets Investment Management LLC grew its stake in McDonald’s by 10,702.5% during the 4th 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 in the last quarter. Price T Rowe Associates Inc. MD grew its stake in McDonald’s by 15.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,347,048 shares of the fast-food giant’s stock valued at $2,178,474,000 after acquiring an additional 987,099 shares in the last quarter. Finally, CIBC Private Wealth Group LLC grew its stake in McDonald’s by 552.2% during the 4th quarter. CIBC Private Wealth Group LLC now owns 791,639 shares of the fast-food giant’s stock valued at $234,729,000 after acquiring an additional 670,261 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Trading Down 1.3 %

Shares of NYSE MCD opened at $254.84 on Friday. The business has a fifty day simple moving average of $263.31 and a 200 day simple moving average of $279.28. The firm has a market capitalization of $183.66 billion, a price-to-earnings ratio of 21.63, a PEG ratio of 2.91 and a beta of 0.71. McDonald’s Co. has a one year low of $245.73 and a one year high of $302.39.

McDonald’s (NYSE:MCD) last issued its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 EPS for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). The firm had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.16 billion. McDonald’s had a net margin of 33.36% and a negative return on equity of 180.74%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.63 earnings per share. On average, research analysts anticipate that McDonald’s Co. will post 12.19 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were paid a $1.67 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.62%. McDonald’s’s payout ratio is 56.71%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Erste Group Bank reaffirmed a “hold” rating on shares of McDonald’s in a research note on Wednesday, April 3rd. Stifel Nicolaus lowered their price target on McDonald’s from $315.00 to $300.00 and set a “hold” rating for the company in a research note on Thursday, April 11th. BMO Capital Markets lowered their price target on McDonald’s from $335.00 to $330.00 and set an “outperform” rating for the company in a research note on Wednesday, May 1st. UBS Group lowered their price target on McDonald’s from $340.00 to $335.00 and set a “buy” rating for the company in a research note on Friday, April 5th. Finally, JPMorgan Chase & Co. boosted their price target on McDonald’s from $290.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday, June 3rd. Ten analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to MarketBeat, McDonald’s has an average rating of “Moderate Buy” and a consensus price target of $315.14.

Insider Activity at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $260.00, for a total value of $285,480.00. Following the sale, the insider now directly owns 14,780 shares in the company, valued at $3,842,800. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $265.13, for a total value of $291,377.87. Following the sale, the insider now directly owns 15,878 shares in the company, valued at $4,209,734.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $260.00, for a total value of $285,480.00. Following the completion of the sale, the insider now owns 14,780 shares in the company, valued at $3,842,800. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,095 shares of company stock worth $1,100,625. 0.23% of the stock is owned by corporate insiders.

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.