Epoch Investment Partners Inc. Has $62.57 Million Stock Holdings in McDonald’s Co. (NYSE:MCD)

Epoch Investment Partners Inc. cut its stake in shares of McDonald’s Co. (NYSE:MCD) by 9.2% in the 1st quarter, HoldingsChannel.com reports. The firm owned 221,903 shares of the fast-food giant’s stock after selling 22,463 shares during the quarter. Epoch Investment Partners Inc.’s holdings in McDonald’s were worth $62,566,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. LRI Investments LLC acquired a new stake in shares of McDonald’s in the first quarter valued at approximately $933,000. Guardian Capital Advisors LP lifted its position in shares of McDonald’s by 0.4% in the first quarter. Guardian Capital Advisors LP now owns 53,287 shares of the fast-food giant’s stock valued at $14,385,000 after buying an additional 229 shares during the last quarter. Gabelli Funds LLC lifted its position in shares of McDonald’s by 40.0% in the first quarter. Gabelli Funds LLC now owns 1,050 shares of the fast-food giant’s stock valued at $296,000 after buying an additional 300 shares during the last quarter. Gamco Investors INC. ET AL lifted its position in shares of McDonald’s by 22.5% in the first quarter. Gamco Investors INC. ET AL now owns 2,083 shares of the fast-food giant’s stock valued at $587,000 after buying an additional 383 shares during the last quarter. Finally, Stonebridge Capital Advisors LLC lifted its position in shares of McDonald’s by 1.1% in the first quarter. Stonebridge Capital Advisors LLC now owns 85,863 shares of the fast-food giant’s stock valued at $24,209,000 after buying an additional 953 shares during the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Truist Financial dropped their price target on McDonald’s from $320.00 to $300.00 and set a “buy” rating for the company in a report on Tuesday, July 9th. Bank of America dropped their price target on McDonald’s from $302.00 to $288.00 and set a “neutral” rating for the company in a report on Tuesday, May 28th. Robert W. Baird dropped their price target on McDonald’s from $305.00 to $300.00 and set an “outperform” rating for the company in a report on Wednesday, May 1st. JPMorgan Chase & Co. dropped their price target on McDonald’s from $300.00 to $290.00 and set an “overweight” rating for the company in a report on Wednesday, July 10th. Finally, Stifel Nicolaus dropped their price target on McDonald’s from $285.00 to $265.00 and set a “hold” rating for the company in a report on Monday, July 22nd. Ten analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $308.57.

McDonald’s Trading Up 0.2 %

MCD traded up $0.54 on Friday, reaching $252.00. The stock had a trading volume of 4,002,852 shares, compared to its average volume of 3,836,478. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $302.39. The firm has a 50-day moving average of $255.44 and a 200-day moving average of $273.67. The company has a market capitalization of $181.61 billion, a price-to-earnings ratio of 21.39, a price-to-earnings-growth ratio of 2.92 and a beta of 0.71.

McDonald’s (NYSE:MCD) last issued its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. The firm had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.16 billion. During the same period in the previous year, the company earned $2.63 EPS. McDonald’s’s revenue for the quarter was up 4.6% on a year-over-year basis. Sell-side analysts anticipate that McDonald’s Co. will post 12.05 EPS for the current fiscal year.

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be given a $1.67 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.65%. McDonald’s’s dividend payout ratio (DPR) is presently 56.71%.

Insider Buying and Selling at McDonald’s

In related news, EVP Marion K. Gross sold 1,498 shares of the company’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $248.26, for a total transaction of $371,893.48. Following the sale, the executive vice president now owns 1,560 shares in the company, valued at approximately $387,285.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, EVP Marion K. Gross sold 1,498 shares of the company’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $248.26, for a total transaction of $371,893.48. Following the sale, the executive vice president now owns 1,560 shares in the company, valued at approximately $387,285.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the 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 completion of the transaction, the insider now owns 13,681 shares in the company, valued at approximately $3,557,060. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,594 shares of company stock worth $1,454,507. 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.