Mcdonald’s Corp (NYSE:MCD) Shares Bought by Insight Wealth Strategies LLC
Insight Wealth Strategies LLC boosted its holdings in shares of Mcdonald’s Corp (NYSE:MCD) by 4.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,731 shares of the fast-food giant’s stock after buying an additional 312 shares during the period. Insight Wealth Strategies LLC’s holdings in Mcdonald’s were worth $1,468,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Marathon Capital Management raised its position in Mcdonald’s by 36.6% during the fourth quarter. Marathon Capital Management now owns 1,717 shares of the fast-food giant’s stock valued at $304,000 after purchasing an additional 460 shares in the last quarter. United Income Inc. purchased a new position in shares of Mcdonald’s in the fourth quarter worth about $550,000. Pekin Singer Strauss Asset Management IL increased its holdings in shares of Mcdonald’s by 28.8% in the fourth quarter. Pekin Singer Strauss Asset Management IL now owns 7,944 shares of the fast-food giant’s stock worth $1,411,000 after buying an additional 1,774 shares during the period. Allen Capital Group LLC purchased a new position in shares of Mcdonald’s in the fourth quarter worth about $208,000. Finally, Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of Mcdonald’s by 15.5% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,620 shares of the fast-food giant’s stock worth $288,000 after buying an additional 217 shares during the period. 67.76% of the stock is owned by institutional investors.
NYSE MCD opened at $204.49 on Friday. The stock has a market capitalization of $156.48 billion, a P/E ratio of 25.88, a price-to-earnings-growth ratio of 2.87 and a beta of 0.50. Mcdonald’s Corp has a 1 year low of $153.13 and a 1 year high of $206.39.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be paid a $1.16 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $4.64 annualized dividend and a dividend yield of 2.27%. Mcdonald’s’s payout ratio is presently 58.73%.
Several research firms have recently commented on MCD. Zacks Investment Research upgraded Mcdonald’s from a “sell” rating to a “hold” rating in a report on Monday, April 15th. Stephens lifted their price objective on Mcdonald’s from $210.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. SunTrust Banks lifted their price objective on Mcdonald’s to $230.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. UBS Group lifted their price objective on Mcdonald’s from $185.00 to $203.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $210.00 price objective (up previously from $195.00) on shares of Mcdonald’s in a report on Friday, April 5th. Seven research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. Mcdonald’s presently has an average rating of “Buy” and an average price target of $204.43.
In related news, insider Christopher J. Kempczinski sold 38,729 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $195.21, for a total value of $7,560,288.09. Following the sale, the insider now directly owns 11,658 shares of the company’s stock, valued at $2,275,758.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ian Frederick Borden sold 4,149 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $199.22, for a total value of $826,563.78. The disclosure for this sale can be found here. Insiders sold 104,449 shares of company stock worth $20,458,931 over the last three months. 0.25% of the stock is owned by insiders.
Mcdonald’s Company Profile
McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products, soft drinks, coffee, and other beverages, as well as breakfast menu. As of December 31, 2018, the company operated 37,855 restaurants, including 35,085 franchised restaurants comprising 21,685 franchised to conventional franchisees, 7,225 licensed to developmental licensees, and 6,175 licensed to foreign affiliates; and 2,770 company-operated restaurants.
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