McDonald’s Corporation (NYSE:MCD) Shares Purchased by Rappaport Reiches Capital Management LLC

Rappaport Reiches Capital Management LLC raised its position in shares of McDonald’s Corporation (NYSE:MCD) by 2.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,728 shares of the fast-food giant’s stock after buying an additional 47 shares during the quarter. Rappaport Reiches Capital Management LLC’s holdings in McDonald’s were worth $540,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of McDonald’s by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 70,169,342 shares of the fast-food giant’s stock worth $20,341,391,000 after purchasing an additional 526,466 shares during the period. Geode Capital Management LLC raised its position in shares of McDonald’s by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 16,074,438 shares of the fast-food giant’s stock worth $4,652,768,000 after purchasing an additional 157,458 shares during the period. Capital Research Global Investors raised its position in shares of McDonald’s by 5.2% during the 4th quarter. Capital Research Global Investors now owns 10,652,445 shares of the fast-food giant’s stock worth $3,088,037,000 after purchasing an additional 531,070 shares during the period. Norges Bank acquired a new stake in shares of McDonald’s during the 4th quarter worth approximately $2,725,190,000. Finally, Northern Trust Corp raised its position in shares of McDonald’s by 11.2% during the 4th quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant’s stock worth $2,570,511,000 after purchasing an additional 895,896 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Robert W. Baird increased their price target on McDonald’s from $300.00 to $315.00 and gave the stock a “neutral” rating in a research report on Friday, May 2nd. BMO Capital Markets reissued an “outperform” rating and issued a $345.00 price objective (up from $340.00) on shares of McDonald’s in a report on Monday, May 5th. KeyCorp increased their price objective on McDonald’s from $335.00 to $340.00 and gave the stock an “overweight” rating in a report on Thursday, March 27th. Morgan Stanley reissued an “equal weight” rating and issued a $324.00 price objective (down from $329.00) on shares of McDonald’s in a report on Monday, June 9th. Finally, Barclays increased their price objective on McDonald’s from $347.00 to $355.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, McDonald’s presently has a consensus rating of “Hold” and an average target price of $321.79.

Insider Activity

In other news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $315.07, for a total value of $295,850.73. Following the completion of the sale, the insider now owns 11,161 shares in the company, valued at $3,516,496.27. This represents a 7.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.25% of the company’s stock.

McDonald’s Stock Performance

Shares of NYSE:MCD opened at $286.75 on Friday. McDonald’s Corporation has a one year low of $243.53 and a one year high of $326.32. The stock has a fifty day moving average of $310.55 and a 200-day moving average of $302.84. The company has a market capitalization of $205.04 billion, a PE ratio of 25.31, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, meeting analysts’ consensus estimates of $2.67. McDonald’s had a negative return on equity of 195.27% and a net margin of 31.75%. The company had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $6.17 billion. During the same quarter in the prior year, the firm earned $2.70 EPS. The company’s quarterly revenue was down 3.5% compared to the same quarter last year. As a group, research analysts forecast that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a dividend of $1.77 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.47%. McDonald’s’s dividend payout ratio (DPR) is presently 62.49%.

About McDonald’s

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.