McDonald’s Co. (NYSE:MCD) Shares Acquired by Breakwater Capital Group

Breakwater Capital Group raised its stake in shares of McDonald’s Co. (NYSE:MCD) by 27.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,213 shares of the fast-food giant’s stock after buying an additional 262 shares during the quarter. Breakwater Capital Group’s holdings in McDonald’s were worth $342,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of MCD. LaSalle St. Investment Advisors LLC grew its holdings in McDonald’s by 3.0% during the 3rd quarter. LaSalle St. Investment Advisors LLC now owns 1,660 shares of the fast-food giant’s stock valued at $437,000 after buying an additional 48 shares during the last quarter. First Dallas Securities Inc. boosted its holdings in shares of McDonald’s by 3.9% during the third quarter. First Dallas Securities Inc. now owns 4,354 shares of the fast-food giant’s stock worth $1,147,000 after purchasing an additional 163 shares during the last quarter. Waverly Advisors LLC boosted its holdings in shares of McDonald’s by 8.4% during the third quarter. Waverly Advisors LLC now owns 4,957 shares of the fast-food giant’s stock worth $1,306,000 after purchasing an additional 383 shares during the last quarter. United Services Automobile Association boosted its holdings in shares of McDonald’s by 12.6% during the third quarter. United Services Automobile Association now owns 19,744 shares of the fast-food giant’s stock worth $5,201,000 after purchasing an additional 2,204 shares during the last quarter. Finally, Logan Capital Management Inc. boosted its holdings in shares of McDonald’s by 18.0% during the third quarter. Logan Capital Management Inc. now owns 40,623 shares of the fast-food giant’s stock worth $10,702,000 after purchasing an additional 6,211 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

MCD has been the topic of several research reports. Robert W. Baird cut their target price on McDonald’s from $305.00 to $300.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 1st. BMO Capital Markets cut their target price on McDonald’s from $335.00 to $330.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 1st. Morgan Stanley cut their target price on McDonald’s from $327.00 to $320.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Stifel Nicolaus cut their target price on McDonald’s from $315.00 to $300.00 and set a “hold” rating on the stock in a research report on Thursday, April 11th. Finally, Guggenheim cut their target price on McDonald’s from $325.00 to $315.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Ten analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $315.14.

McDonald’s Trading Down 1.3 %

NYSE:MCD opened at $254.84 on Monday. The firm has a market capitalization of $183.66 billion, a PE ratio of 21.63, a price-to-earnings-growth ratio of 2.87 and a beta of 0.71. The stock has a 50 day moving average of $263.31 and a 200-day moving average of $279.07. McDonald’s Co. has a 52 week low of $245.73 and a 52 week high of $302.39.

McDonald’s (NYSE:MCD) last posted its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 EPS for the quarter, missing the consensus estimate of $2.71 by ($0.01). The company had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.16 billion. McDonald’s had a net margin of 33.36% and a negative return on equity of 180.74%. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period last year, the company posted $2.63 earnings per share. As a group, analysts predict that McDonald’s Co. will post 12.19 EPS for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were issued a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend was Monday, June 3rd. McDonald’s’s dividend payout ratio (DPR) is 56.71%.

Insider Buying and Selling

In related news, EVP Jonathan Banner sold 800 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $275.02, for a total value of $220,016.00. Following the completion of the transaction, the executive vice president now directly owns 19 shares of the company’s stock, valued at approximately $5,225.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $260.00, for a total value of $285,480.00. Following the completion of the sale, the insider now directly owns 14,780 shares in the company, valued at $3,842,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jonathan Banner sold 800 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $275.02, for a total value of $220,016.00. Following the completion of the sale, the executive vice president now owns 19 shares of the company’s stock, valued at $5,225.38. The disclosure for this sale can be found here. Insiders sold 4,095 shares of company stock valued at $1,100,625 in the last three months. 0.23% of the stock is currently owned by corporate insiders.

McDonald’s Company Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.