85,600 Shares in McDonald’s Corporation $MCD Purchased by Rit Capital Partners PLC

Rit Capital Partners PLC bought a new position in shares of McDonald’s Corporation (NYSE:MCDFree Report) in the 4th quarter, HoldingsChannel.com reports. The firm bought 85,600 shares of the fast-food giant’s stock, valued at approximately $26,162,000. McDonald’s makes up approximately 5.8% of Rit Capital Partners PLC’s portfolio, making the stock its 10th largest position.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MCD. Your Advocates Ltd. LLP purchased a new position in McDonald’s during the fourth quarter worth about $27,000. Park Place Capital Corp boosted its holdings in shares of McDonald’s by 95.7% in the 4th quarter. Park Place Capital Corp now owns 92 shares of the fast-food giant’s stock worth $28,000 after purchasing an additional 45 shares in the last quarter. DecisionPoint Financial LLC boosted its holdings in shares of McDonald’s by 1,616.7% in the 4th quarter. DecisionPoint Financial LLC now owns 103 shares of the fast-food giant’s stock worth $31,000 after purchasing an additional 97 shares in the last quarter. Entrust Financial LLC purchased a new position in shares of McDonald’s in the 4th quarter worth about $31,000. Finally, Painted Porch Advisors LLC boosted its holdings in shares of McDonald’s by 735.7% in the 3rd quarter. Painted Porch Advisors LLC now owns 117 shares of the fast-food giant’s stock worth $36,000 after purchasing an additional 103 shares in the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting McDonald’s

Here are the key news stories impacting McDonald’s this week:

Analyst Ratings Changes

A number of equities analysts have recently issued reports on MCD shares. Citigroup upped their price objective on McDonald’s from $371.00 to $375.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. Truist Financial upped their price objective on McDonald’s from $356.00 to $370.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. Mizuho upped their price objective on McDonald’s from $300.00 to $325.00 and gave the stock a “neutral” rating in a report on Friday, February 6th. Barclays cut their price objective on McDonald’s from $380.00 to $350.00 and set an “overweight” rating for the company in a report on Friday, May 8th. Finally, KeyCorp cut their price objective on McDonald’s from $345.00 to $330.00 and set an “overweight” rating for the company in a report on Friday, May 8th. Seventeen research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $334.45.

View Our Latest Research Report on MCD

McDonald’s Trading Down 0.6%

NYSE MCD opened at $282.48 on Friday. McDonald’s Corporation has a 1-year low of $271.98 and a 1-year high of $341.75. The stock has a 50-day moving average of $299.71 and a 200-day moving average of $309.25. The firm has a market cap of $200.70 billion, a PE ratio of 23.29, a price-to-earnings-growth ratio of 2.81 and a beta of 0.43.

McDonald’s (NYSE:MCDGet Free Report) last released its earnings results on Thursday, May 7th. The fast-food giant reported $2.83 earnings per share for the quarter, beating analysts’ consensus estimates of $2.74 by $0.09. McDonald’s had a negative return on equity of 442.10% and a net margin of 31.62%.The company had revenue of $6.52 billion during the quarter, compared to analyst estimates of $6.47 billion. During the same quarter in the previous year, the company posted $2.67 EPS. McDonald’s’s revenue for the quarter was up 9.4% on a year-over-year basis. As a group, equities research analysts forecast that McDonald’s Corporation will post 12.93 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 Tuesday, June 16th. Stockholders of record on Tuesday, June 2nd will be paid a $1.86 dividend. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Tuesday, June 2nd. McDonald’s’s payout ratio is 61.34%.

Insider Transactions at McDonald’s

In other news, EVP Jonathan Banner sold 6,201 shares of the business’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $333.29, for a total value of $2,066,731.29. Following the completion of the sale, the executive vice president owned 2,291 shares of the company’s stock, valued at approximately $763,567.39. The trade was a 73.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Joseph M. Erlinger sold 333 shares of the business’s stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $302.72, for a total value of $100,805.76. Following the completion of the sale, the insider directly owned 8,067 shares of the company’s stock, valued at approximately $2,442,042.24. This trade represents a 3.96% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 12,119 shares of company stock valued at $3,945,973. 0.26% of the stock is currently owned by corporate insiders.

McDonald’s Company Profile

(Free Report)

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.

Featured Stories

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

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