Anomaly Capital Management LP Purchases New Position in McDonald’s Co. (NYSE:MCD)

Anomaly Capital Management LP acquired a new position in McDonald’s Co. (NYSE:MCD) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 119,440 shares of the fast-food giant’s stock, valued at approximately $30,438,000. McDonald’s makes up about 1.2% of Anomaly Capital Management LP’s investment portfolio, making the stock its 24th largest holding.

A number of other hedge funds and other institutional investors have also made changes to their positions in MCD. Dixon Mitchell Investment Counsel Inc. purchased a new position in McDonald’s in the first quarter valued at $28,000. Clear Investment Research LLC acquired a new position in McDonald’s in the 4th quarter worth about $38,000. Kings Path Partners LLC purchased a new position in McDonald’s during the second quarter worth approximately $38,000. Accent Capital Management LLC acquired a new stake in McDonald’s in the fourth quarter valued at approximately $44,000. Finally, Transcendent Capital Group LLC purchased a new stake in shares of McDonald’s in the fourth quarter valued at approximately $45,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Activity

In related news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $288.70, for a total transaction of $316,992.60. Following the transaction, the insider now owns 12,583 shares of the company’s stock, valued at approximately $3,632,712.10. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $288.70, for a total value of $316,992.60. Following the completion of the transaction, the insider now owns 12,583 shares in the company, valued at $3,632,712.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Marion K. Gross sold 1,498 shares of the business’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $248.26, for a total transaction of $371,893.48. Following the completion of the transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $387,285.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,193 shares of company stock valued at $1,403,593. 0.23% of the stock is currently owned by corporate insiders.

McDonald’s Trading Up 1.0 %

NYSE MCD opened at $296.83 on Monday. The stock has a market cap of $213.92 billion, a PE ratio of 25.20, a P/E/G ratio of 3.88 and a beta of 0.72. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $302.39. The stock has a fifty day simple moving average of $277.30 and a 200-day simple moving average of $270.57.

McDonald’s (NYSE:MCD) last announced its earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share for the quarter, missing the consensus estimate of $3.07 by ($0.10). The company had revenue of $6.49 billion for the quarter, compared to analysts’ expectations of $6.62 billion. McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same period last year, the business earned $3.17 EPS. Research analysts predict that McDonald’s Co. will post 11.67 EPS for the current year.

McDonald’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were given a dividend of $1.67 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $6.68 annualized dividend and a dividend yield of 2.25%. McDonald’s’s dividend payout ratio is currently 56.71%.

Wall Street Analyst Weigh In

MCD has been the subject of several recent analyst reports. Guggenheim boosted their price target on shares of McDonald’s from $280.00 to $290.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. KeyCorp cut their target price on shares of McDonald’s from $310.00 to $305.00 and set an “overweight” rating for the company in a research note on Tuesday, July 30th. BMO Capital Markets reduced their price target on shares of McDonald’s from $330.00 to $315.00 and set an “outperform” rating for the company in a research report on Tuesday, July 30th. Loop Capital reiterated a “buy” rating and issued a $342.00 price objective on shares of McDonald’s in a report on Tuesday, September 10th. Finally, TD Cowen cut McDonald’s from a “buy” rating to a “hold” rating and reduced their target price for the company from $285.00 to $280.00 in a report on Wednesday, July 31st. Eleven research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $306.11.

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.