Dorato Capital Management Acquires Shares of 2,924 McDonald’s Corporation $MCD

Dorato Capital Management bought a new position in shares of McDonald’s Corporation (NYSE:MCDFree Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 2,924 shares of the fast-food giant’s stock, valued at approximately $901,000.

A number of other large investors have also added to or reduced their stakes in MCD. Evergreen Private Wealth LLC raised its position in shares of McDonald’s by 162.5% in the third quarter. Evergreen Private Wealth LLC now owns 84 shares of the fast-food giant’s stock valued at $26,000 after purchasing an additional 52 shares during the period. Park Place Capital Corp boosted its holdings in shares of McDonald’s by 95.7% during the 4th quarter. Park Place Capital Corp now owns 92 shares of the fast-food giant’s stock worth $28,000 after buying an additional 45 shares during the period. Painted Porch Advisors LLC boosted its holdings in shares of McDonald’s by 735.7% during the 3rd quarter. Painted Porch Advisors LLC now owns 117 shares of the fast-food giant’s stock worth $36,000 after buying an additional 103 shares during the period. Davis Capital Management acquired a new position in McDonald’s in the 3rd quarter valued at about $37,000. Finally, Saranac Partners Ltd bought a new position in McDonald’s in the 3rd quarter valued at about $37,000. Institutional investors own 70.29% of the company’s stock.

Insider Activity

In other news, CMO Edith Morgan Flatley sold 4,692 shares of the business’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $331.00, for a total transaction of $1,553,052.00. Following the completion of the transaction, the chief marketing officer owned 6,200 shares of the company’s stock, valued at approximately $2,052,200. The trade was a 43.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jonathan Banner sold 6,201 shares of the stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $333.29, for a total transaction of $2,066,731.29. Following the completion of the transaction, the executive vice president directly owned 2,291 shares of the company’s stock, valued at $763,567.39. This trade represents a 73.02% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 71,657 shares of company stock valued at $23,722,204. Corporate insiders own 0.25% of the company’s stock.

McDonald’s Price Performance

McDonald’s stock opened at $307.17 on Friday. The firm has a market cap of $218.21 billion, a PE ratio of 25.70, a price-to-earnings-growth ratio of 2.73 and a beta of 0.53. The stock’s fifty day moving average price is $321.88 and its two-hundred day moving average price is $311.47. McDonald’s Corporation has a one year low of $283.47 and a one year high of $341.75.

McDonald’s (NYSE:MCDGet Free Report) last released its earnings results on Wednesday, February 11th. The fast-food giant reported $3.12 earnings per share for the quarter, beating analysts’ consensus estimates of $3.05 by $0.07. The firm had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $6.81 billion. McDonald’s had a negative return on equity of 343.90% and a net margin of 31.85%.The company’s revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the company posted $2.83 EPS. Sell-side analysts expect that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Tuesday, March 3rd were given a dividend of $1.86 per share. The ex-dividend date of this dividend was Tuesday, March 3rd. This represents a $7.44 annualized dividend and a yield of 2.4%. McDonald’s’s dividend payout ratio is currently 62.26%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Royal Bank Of Canada raised their price objective on shares of McDonald’s from $320.00 to $330.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 12th. BTIG Research increased their target price on McDonald’s from $360.00 to $370.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Wells Fargo & Company boosted their price target on McDonald’s from $345.00 to $355.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. TD Cowen reiterated a “hold” rating and set a $320.00 price objective on shares of McDonald’s in a research report on Thursday, February 12th. Finally, Argus raised McDonald’s from a “hold” rating to a “buy” rating and set a $380.00 target price for the company in a report on Friday, February 13th. Seventeen research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, McDonald’s presently has an average rating of “Hold” and an average target price of $339.69.

Check Out Our Latest Stock Analysis on McDonald’s

Key Headlines Impacting McDonald’s

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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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