McDonald’s Corporation $MCD Position Increased by Brown Advisory Inc.

Brown Advisory Inc. boosted its position in shares of McDonald’s Corporation (NYSE:MCD) by 2.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 145,365 shares of the fast-food giant’s stock after purchasing an additional 3,347 shares during the period. Brown Advisory Inc.’s holdings in McDonald’s were worth $42,471,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC lifted its stake in McDonald’s by 21.6% in the fourth quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant’s stock valued at $2,692,000 after acquiring an additional 1,649 shares during the last quarter. Revolve Wealth Partners LLC lifted its stake in shares of McDonald’s by 2.8% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant’s stock valued at $563,000 after purchasing an additional 52 shares during the last quarter. Altfest L J & Co. Inc. boosted its holdings in McDonald’s by 3.3% in the first quarter. Altfest L J & Co. Inc. now owns 1,609 shares of the fast-food giant’s stock worth $502,000 after purchasing an additional 52 shares in the last quarter. AlphaCore Capital LLC increased its position in McDonald’s by 113.0% during the first quarter. AlphaCore Capital LLC now owns 10,518 shares of the fast-food giant’s stock worth $3,285,000 after buying an additional 5,579 shares during the last quarter. Finally, Savvy Advisors Inc. increased its position in McDonald’s by 9.7% during the first quarter. Savvy Advisors Inc. now owns 12,138 shares of the fast-food giant’s stock worth $3,792,000 after buying an additional 1,078 shares during the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity at McDonald’s

In other McDonald’s news, CFO Ian Frederick Borden sold 17,134 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $310.00, for a total value of $5,311,540.00. Following the completion of the transaction, the chief financial officer owned 26,353 shares of the company’s stock, valued at $8,169,430. This represents a 39.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Manuel Jm Steijaert sold 13,134 shares of McDonald’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $300.42, for a total value of $3,945,716.28. Following the sale, the executive vice president directly owned 4,606 shares in the company, valued at $1,383,734.52. The trade was a 74.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 40,030 shares of company stock worth $12,240,570 over the last three months. Company insiders own 0.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Barclays reduced their price target on McDonald’s from $362.00 to $358.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Royal Bank Of Canada assumed coverage on McDonald’s in a report on Wednesday, October 8th. They issued a “sector perform” rating and a $320.00 target price for the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of McDonald’s in a report on Friday, October 31st. Wells Fargo & Company lifted their price target on shares of McDonald’s from $340.00 to $345.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. Finally, Mizuho raised shares of McDonald’s to a “hold” rating in a report on Tuesday, October 28th. Eleven research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, McDonald’s has a consensus rating of “Hold” and a consensus target price of $324.57.

McDonald’s Price Performance

NYSE:MCD opened at $311.11 on Friday. McDonald’s Corporation has a one year low of $276.53 and a one year high of $326.32. The company has a fifty day moving average price of $304.00 and a 200 day moving average price of $303.94. The stock has a market cap of $221.56 billion, a P/E ratio of 26.55, a PEG ratio of 3.43 and a beta of 0.52.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.33 by ($0.11). McDonald’s had a negative return on equity of 280.89% and a net margin of 32.04%.The company had revenue of $7.08 billion during the quarter, compared to analyst estimates of $7.10 billion. During the same quarter in the prior year, the business earned $3.23 earnings per share. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. As a group, equities research analysts anticipate that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Increases Dividend

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

McDonald’s 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.