67,635 Shares in McDonald’s Co. (NYSE:MCD) Acquired by Quadrature Capital Ltd

Quadrature Capital Ltd purchased a new position in shares of McDonald’s Co. (NYSE:MCD) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 67,635 shares of the fast-food giant’s stock, valued at approximately $20,052,000.

Other large investors have also bought and sold shares of the company. Norges Bank acquired a new position in McDonald’s during the 4th quarter worth $2,684,899,000. International Assets Investment Management LLC lifted its holdings 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 worth $644,739,000 after buying an additional 2,154,297 shares in the last quarter. CIBC Private Wealth Group LLC lifted its holdings 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 worth $234,729,000 after buying an additional 670,261 shares in the last quarter. Bank of Nova Scotia lifted its holdings in McDonald’s by 264.5% during the 4th quarter. Bank of Nova Scotia now owns 724,598 shares of the fast-food giant’s stock worth $214,842,000 after buying an additional 525,824 shares in the last quarter. Finally, Winslow Capital Management LLC lifted its holdings in McDonald’s by 39.6% during the 3rd quarter. Winslow Capital Management LLC now owns 1,306,329 shares of the fast-food giant’s stock worth $344,139,000 after buying an additional 370,699 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $265.13, for a total transaction of $291,377.87. Following the transaction, the insider now owns 15,878 shares in the company, valued at $4,209,734.14. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $265.13, for a total value of $291,377.87. Following the transaction, the insider now owns 15,878 shares in the company, valued at $4,209,734.14. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction on Tuesday, April 23rd. The shares were 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. Over the last quarter, insiders have sold 4,096 shares of company stock valued at $1,127,678. 0.23% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MCD. TD Cowen reissued a “buy” rating and issued a $305.00 price target on shares of McDonald’s in a research note on Monday, May 20th. Wedbush cut their price target on McDonald’s from $330.00 to $300.00 and set an “outperform” rating on the stock in a research note on Friday, April 26th. JPMorgan Chase & Co. increased 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. Robert W. Baird cut their price target on McDonald’s from $305.00 to $300.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 1st. Finally, Guggenheim lowered their price objective on shares of McDonald’s from $325.00 to $315.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. Nine investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $316.15.

McDonald’s Stock Performance

Shares of NYSE MCD traded down $4.51 during midday trading on Friday, reaching $256.21. The company’s stock had a trading volume of 2,290,085 shares, compared to its average volume of 3,509,454. McDonald’s Co. has a fifty-two week low of $245.73 and a fifty-two week high of $302.39. The business’s 50 day moving average price is $267.91 and its two-hundred day moving average price is $282.30. The company has a market cap of $184.65 billion, a P/E ratio of 21.75, a P/E/G ratio of 2.89 and a beta of 0.71.

McDonald’s (NYSE:MCD) 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 analysts’ consensus estimates of $2.71 by ($0.01). The firm had revenue of $6.17 billion during the quarter, compared to the consensus estimate 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 was up 4.6% compared to the same quarter last year. During the same period last year, the business earned $2.63 earnings per share. Sell-side analysts forecast that McDonald’s Co. will post 12.17 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be paid a dividend of $1.67 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.61%. McDonald’s’s payout ratio is presently 56.71%.

McDonald’s 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.