Revolve Wealth Partners LLC Has $1.05 Million Position in McDonald’s Corporation $MCD

Revolve Wealth Partners LLC raised its holdings in shares of McDonald’s Corporation (NYSE:MCDFree Report) by 208.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,876 shares of the fast-food giant’s stock after purchasing an additional 2,621 shares during the quarter. Revolve Wealth Partners LLC’s holdings in McDonald’s were worth $1,048,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Peterson Wealth Services lifted its holdings in McDonald’s by 3,294.5% during the fourth quarter. Peterson Wealth Services now owns 11,779 shares of the fast-food giant’s stock worth $3,600,000 after acquiring an additional 11,432 shares during the period. Harbour Investments Inc. grew its stake in McDonald’s by 84.4% in the 4th quarter. Harbour Investments Inc. now owns 35,510 shares of the fast-food giant’s stock valued at $10,853,000 after purchasing an additional 16,252 shares during the period. Capital International Sarl increased its position in shares of McDonald’s by 10.4% during the 4th quarter. Capital International Sarl now owns 64,256 shares of the fast-food giant’s stock valued at $19,639,000 after purchasing an additional 6,079 shares during the last quarter. North Dakota State Investment Board purchased a new stake in shares of McDonald’s during the 4th quarter valued at $7,493,000. Finally, Pittenger & Anderson Inc. raised its stake in shares of McDonald’s by 21.9% during the 4th quarter. Pittenger & Anderson Inc. now owns 21,487 shares of the fast-food giant’s stock worth $6,567,000 after purchasing an additional 3,866 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s News Summary

Here are the key news stories impacting McDonald’s this week:

Wall Street Analysts Forecast Growth

MCD has been the topic of a number of research analyst reports. Mizuho cut their price target on shares of McDonald’s from $300.00 to $290.00 and set a “neutral” rating on the stock in a report on Friday, July 31st. Evercore set a $320.00 price objective on shares of McDonald’s in a research report on Thursday, July 23rd. Robert W. Baird dropped their target price on shares of McDonald’s from $305.00 to $285.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 5th. Barclays decreased their price target on shares of McDonald’s from $380.00 to $350.00 and set an “overweight” rating for the company in a research note on Friday, May 8th. Finally, Guggenheim dropped their price objective on McDonald’s from $320.00 to $290.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, McDonald’s currently has a consensus rating of “Moderate Buy” and an average target price of $325.44.

Check Out Our Latest Stock Analysis on MCD

McDonald’s Stock Performance

Shares of NYSE MCD opened at $273.30 on Tuesday. McDonald’s Corporation has a fifty-two week low of $260.96 and a fifty-two week high of $341.75. The stock has a market cap of $194.18 billion, a PE ratio of 22.20, a price-to-earnings-growth ratio of 3.07 and a beta of 0.41. The stock has a fifty day moving average of $273.98 and a 200-day moving average of $296.14.

McDonald’s (NYSE:MCDGet Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The fast-food giant reported $3.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.32 by $0.06. The business had revenue of $7.10 billion for the quarter, compared to analysts’ expectations of $7.13 billion. McDonald’s had a negative return on equity of 512.80% and a net margin of 31.72%.The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.19 EPS. On average, sell-side analysts predict that McDonald’s Corporation will post 12.88 EPS for the current year.

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Tuesday, September 1st will be paid a dividend of $1.86 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $7.44 annualized dividend and a yield of 2.7%. McDonald’s’s payout ratio is currently 60.44%.

Insider Activity at McDonald’s

In related news, EVP Desiree Ralls-Morrison sold 2,763 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $278.36, for a total value of $769,108.68. Following the sale, the executive vice president owned 6,268 shares in the company, valued at approximately $1,744,760.48. This trade represents a 30.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 5,252 shares of the business’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $284.32, for a total value of $1,493,248.64. Following the transaction, the insider owned 7,734 shares of the company’s stock, valued at approximately $2,198,930.88. The trade was a 40.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 8,348 shares of company stock valued at $2,355,634. 0.26% of the stock is owned by corporate insiders.

About McDonald’s

(Free Report)

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.

See Also

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

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