AdvisorShares Investments LLC Grows Stock Position in McDonald’s Co. (NYSE:MCD)

AdvisorShares Investments LLC boosted its holdings in McDonald’s Co. (NYSE:MCDFree Report) by 248.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,883 shares of the fast-food giant’s stock after acquiring an additional 1,343 shares during the period. AdvisorShares Investments LLC’s holdings in McDonald’s were worth $558,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of McDonald’s by 0.4% during the third quarter. Vanguard Group Inc. now owns 68,449,565 shares of the fast-food giant’s stock worth $18,032,353,000 after purchasing an additional 262,147 shares in the last quarter. Northern Trust Corp grew its position in McDonald’s by 1.7% in the third quarter. Northern Trust Corp now owns 9,200,473 shares of the fast-food giant’s stock valued at $2,423,773,000 after acquiring an additional 151,161 shares in the last quarter. Norges Bank acquired a new stake in McDonald’s in the fourth quarter valued at approximately $2,684,899,000. Charles Schwab Investment Management Inc. increased its position in shares of McDonald’s by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,425,674 shares of the fast-food giant’s stock worth $1,589,073,000 after acquiring an additional 35,639 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in shares of McDonald’s by 4.5% during the third quarter. Ameriprise Financial Inc. now owns 4,593,760 shares of the fast-food giant’s stock worth $1,209,171,000 after buying an additional 199,657 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Activity

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

McDonald’s Trading Down 1.8 %

MCD traded down $4.58 on Friday, reaching $256.14. The company had a trading volume of 2,286,705 shares, compared to its average volume of 3,364,935. The company has a fifty day moving average of $267.91 and a 200-day moving average of $282.29. The company has a market capitalization of $184.59 billion, a P/E ratio of 21.74, a PEG ratio of 2.93 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:MCDGet Free Report) last released its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share 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 negative return on equity of 180.74% and a net margin of 33.36%. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter last year, the company earned $2.63 earnings per share. Research analysts predict that McDonald’s Co. will post 12.17 EPS for the current year.

McDonald’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be given a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend is Monday, June 3rd. McDonald’s’s dividend payout ratio (DPR) is presently 56.71%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on MCD shares. Erste Group Bank restated a “hold” rating on shares of McDonald’s in a research note on Wednesday, April 3rd. Argus reaffirmed a “hold” rating on shares of McDonald’s in a report on Monday, March 25th. Bank of America decreased their target price on McDonald’s from $302.00 to $288.00 and set a “neutral” rating for the company in a research report on Tuesday, May 28th. Wedbush dropped their price target on McDonald’s from $330.00 to $300.00 and set an “outperform” rating on the stock in a research report on Friday, April 26th. Finally, Stifel Nicolaus decreased their price objective on shares of McDonald’s from $315.00 to $300.00 and set a “hold” rating for the company in a report on Thursday, April 11th. Nine investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $316.15.

Check Out Our Latest Report on McDonald’s

McDonald’s Profile

(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.

Further Reading

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

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