Bordeaux Wealth Advisors LLC Raises Stock Position in McDonald’s Co. (NYSE:MCD)

Bordeaux Wealth Advisors LLC boosted its position in McDonald’s Co. (NYSE:MCD) by 4.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,824 shares of the fast-food giant’s stock after purchasing an additional 109 shares during the quarter. Bordeaux Wealth Advisors LLC’s holdings in McDonald’s were worth $837,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. International Assets Investment Management LLC lifted its position in McDonald’s by 10,702.5% during the fourth 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 purchasing an additional 2,154,297 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new position in shares of McDonald’s during the third quarter valued at about $192,165,000. AMF Tjanstepension AB increased its holdings in shares of McDonald’s by 174.7% in the third quarter. AMF Tjanstepension AB now owns 947,653 shares of the fast-food giant’s stock worth $249,693,000 after buying an additional 602,707 shares during the period. Barclays PLC lifted its stake in shares of McDonald’s by 16.7% in the 3rd quarter. Barclays PLC now owns 2,997,877 shares of the fast-food giant’s stock valued at $789,762,000 after acquiring an additional 429,000 shares during the last quarter. Finally, Winslow Capital Management LLC boosted 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 valued at $344,139,000 after acquiring an additional 370,699 shares during the period. 70.29% of the stock is owned by institutional investors.

McDonald’s Stock Performance

NYSE:MCD traded down $2.96 during trading hours on Friday, reaching $270.32. The stock had a trading volume of 2,639,735 shares, compared to its average volume of 3,321,246. The stock has a market capitalization of $194.90 billion, a PE ratio of 22.95, a PEG ratio of 3.02 and a beta of 0.71. McDonald’s Co. has a 52 week low of $245.73 and a 52 week high of $302.39. The company has a 50 day moving average price of $280.07 and a two-hundred day moving average price of $282.21.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing the consensus estimate of $2.71 by ($0.01). McDonald’s had a negative return on equity of 180.54% and a net margin of 33.36%. The business had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.16 billion. During the same quarter in the prior year, the firm posted $2.63 EPS. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. Equities research analysts predict that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a dividend of $1.67 per share. The ex-dividend date was Thursday, February 29th. This represents a $6.68 annualized dividend and a yield of 2.47%. McDonald’s’s payout ratio is currently 56.71%.

Analyst Ratings Changes

Several brokerages have weighed in on MCD. BTIG Research downgraded McDonald’s from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 6th. Erste Group Bank reissued a “hold” rating on shares of McDonald’s in a research report on Wednesday, April 3rd. Oppenheimer reissued a “market perform” rating on shares of McDonald’s in a report on Friday, January 5th. Argus reaffirmed a “hold” rating on shares of McDonald’s in a research note on Monday, March 25th. Finally, Robert W. Baird dropped their target price on shares of McDonald’s from $305.00 to $300.00 and set an “outperform” rating for the company in a report on Wednesday. Nine equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, McDonald’s has a consensus rating of “Moderate Buy” and an average price target of $317.74.

Insider Activity at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction dated 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 directly owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total value of $312,533.62. Following the sale, the insider now owns 18,075 shares in the company, valued at $5,140,168.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The stock was 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 $4,696,517.28. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by 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.