KB Financial Partners LLC Invests $571,000 in McDonald’s Co. (NYSE:MCD)

KB Financial Partners LLC purchased a new stake in McDonald’s Co. (NYSE:MCD) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,043 shares of the fast-food giant’s stock, valued at approximately $571,000.

Several other institutional investors have also made changes to their positions in the stock. Moneta Group Investment Advisors LLC increased its position in shares of McDonald’s by 106,340.3% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 19,235,890 shares of the fast-food giant’s stock worth $5,069,234,000 after purchasing an additional 19,217,818 shares during the period. Norges Bank acquired a new stake in McDonald’s during the fourth quarter worth about $2,341,360,000. Arrowstreet Capital Limited Partnership increased its holdings in McDonald’s by 1,189.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,191,692 shares of the fast-food giant’s stock valued at $541,962,000 after buying an additional 2,021,754 shares during the period. Two Sigma Advisers LP raised its position in shares of McDonald’s by 610.5% in the 4th quarter. Two Sigma Advisers LP now owns 1,573,100 shares of the fast-food giant’s stock valued at $414,559,000 after buying an additional 1,351,700 shares in the last quarter. Finally, Amundi lifted its holdings in shares of McDonald’s by 64.1% during the 4th quarter. Amundi now owns 2,663,063 shares of the fast-food giant’s stock worth $715,858,000 after acquiring an additional 1,039,816 shares during the period. 67.60% of the stock is currently owned by institutional investors.

Insider Activity

In other McDonald’s news, insider Joseph M. Erlinger sold 4,487 shares of the firm’s stock in a transaction on Friday, July 21st. The shares were sold at an average price of $297.87, for a total value of $1,336,542.69. Following the completion of the sale, the insider now directly owns 11,412 shares in the company, valued at $3,399,292.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Heidi B. Capozzi sold 688 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $282.54, for a total transaction of $194,387.52. Following the transaction, the executive vice president now directly owns 20,019 shares of the company’s stock, valued at $5,656,168.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 4,487 shares of the stock in a transaction on Friday, July 21st. The stock was sold at an average price of $297.87, for a total value of $1,336,542.69. Following the completion of the transaction, the insider now owns 11,412 shares in the company, valued at $3,399,292.44. The disclosure for this sale can be found here. Insiders sold 18,149 shares of company stock worth $5,257,201 in the last quarter. 0.27% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on MCD shares. Stephens restated an “overweight” rating and set a $325.00 price objective on shares of McDonald’s in a research report on Thursday, July 27th. Morgan Stanley boosted their price target on McDonald’s from $315.00 to $320.00 and gave the stock an “overweight” rating in a report on Monday, July 17th. TD Cowen reaffirmed an “outperform” rating and issued a $326.00 price objective on shares of McDonald’s in a research note on Thursday, July 27th. Guggenheim lifted their target price on McDonald’s from $325.00 to $330.00 and gave the company a “buy” rating in a research report on Friday, July 28th. Finally, Royal Bank of Canada increased their target price on shares of McDonald’s from $325.00 to $340.00 and gave the stock an “outperform” rating in a report on Friday, July 28th. Five research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. According to MarketBeat.com, McDonald’s presently has an average rating of “Moderate Buy” and a consensus target price of $322.33.

McDonald’s Stock Up 0.3 %

Shares of NYSE MCD opened at $280.73 on Wednesday. The company has a market capitalization of $204.59 billion, a PE ratio of 25.83, a P/E/G ratio of 2.71 and a beta of 0.64. McDonald’s Co. has a twelve month low of $230.58 and a twelve month high of $299.35. The firm has a fifty day simple moving average of $288.05 and a 200 day simple moving average of $285.84.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Thursday, July 27th. The fast-food giant reported $3.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.77 by $0.40. The company had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $6.30 billion. McDonald’s had a negative return on equity of 139.57% and a net margin of 33.06%. The firm’s revenue was up 13.6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.55 EPS. As a group, equities analysts expect that McDonald’s Co. will post 11.49 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, September 1st will be paid a $1.52 dividend. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $6.08 annualized dividend and a dividend yield of 2.17%. McDonald’s’s dividend payout ratio is currently 55.93%.

About McDonald’s

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. The company's restaurants offer hamburgers and cheeseburgers, chicken sandwiches and nuggets, fries, salads, shakes, frozen desserts, sundaes, soft serve cones, bakery items, soft drinks, coffee, and beverages and other beverages, as well as breakfast menu, including muffins, Sausages, biscuit and bagel sandwiches, oatmeal, hash browns, breakfast burritos and hotcakes.