McDonald’s Corporation $MCD Shares Purchased by Private Management Group Inc.

Private Management Group Inc. boosted its stake in shares of McDonald’s Corporation (NYSE:MCD) by 283.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,617 shares of the fast-food giant’s stock after purchasing an additional 11,546 shares during the quarter. Private Management Group Inc.’s holdings in McDonald’s were worth $4,563,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Nova Wealth Management Inc. purchased a new position in McDonald’s in the first quarter worth approximately $26,000. HFM Investment Advisors LLC purchased a new stake in shares of McDonald’s in the 1st quarter valued at approximately $26,000. Decker Retirement Planning Inc. raised its holdings in shares of McDonald’s by 142.9% in the 2nd quarter. Decker Retirement Planning Inc. now owns 85 shares of the fast-food giant’s stock valued at $25,000 after purchasing an additional 50 shares in the last quarter. Legacy Investment Solutions LLC purchased a new position in McDonald’s in the second quarter valued at $25,000. Finally, GFG Capital LLC acquired a new stake in McDonald’s in the second quarter valued at $29,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on MCD shares. Stifel Nicolaus increased their price target on shares of McDonald’s from $300.00 to $315.00 and gave the company a “hold” rating in a research note on Friday, August 22nd. KeyCorp reissued an “overweight” rating and issued a $335.00 target price on shares of McDonald’s in a report on Monday, October 20th. Guggenheim raised their price objective on shares of McDonald’s from $295.00 to $310.00 and gave the company a “neutral” rating in a research report on Wednesday. Citigroup decreased their target price on shares of McDonald’s from $381.00 to $375.00 and set a “buy” rating on the stock in a research report on Tuesday, October 21st. Finally, BTIG Research reiterated a “neutral” rating on shares of McDonald’s in a report on Friday, October 24th. Eleven research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $324.57.

Insider Activity

In related news, CMO Edith Morgan Flatley sold 1,000 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total transaction of $315,000.00. Following the sale, the chief marketing officer owned 6,858 shares of the company’s stock, valued at approximately $2,160,270. This trade represents a 12.73% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Manuel Jm Steijaert sold 13,134 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $300.42, for a total value of $3,945,716.28. Following the completion of the transaction, the executive vice president owned 4,606 shares of the company’s stock, valued at $1,383,734.52. The trade was a 74.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 34,463 shares of company stock valued at $10,549,351. Insiders own 0.25% of the company’s stock.

McDonald’s Stock Up 1.6%

NYSE:MCD opened at $309.00 on Friday. The company’s 50 day moving average is $302.96 and its 200-day moving average is $304.27. The firm has a market cap of $220.06 billion, a price-to-earnings ratio of 26.48, a P/E/G ratio of 3.23 and a beta of 0.50. McDonald’s Corporation has a 12 month low of $276.53 and a 12 month high of $326.32.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 EPS for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.11). McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The business had revenue of $7.08 billion for the quarter, compared to analyst estimates of $7.10 billion. During the same quarter last year, the firm earned $3.23 earnings per share. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. Research analysts predict that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a dividend of $1.86 per share. This represents a $7.44 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Monday, December 1st. This is an increase from McDonald’s’s previous quarterly dividend of $1.77. McDonald’s’s dividend payout ratio is presently 63.48%.

McDonald’s Company Profile

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.