McDonald’s Co. (NYSE:MCD) Shares Acquired by Acadian Asset Management LLC

Acadian Asset Management LLC raised its holdings in shares of McDonald’s Co. (NYSE:MCD) by 27.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,111 shares of the fast-food giant’s stock after purchasing an additional 4,569 shares during the period. Acadian Asset Management LLC’s holdings in McDonald’s were worth $4,634,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Ingalls & Snyder LLC increased its position in shares of McDonald’s by 0.6% during the third quarter. Ingalls & Snyder LLC now owns 7,981 shares of the fast-food giant’s stock worth $1,752,000 after purchasing an additional 44 shares in the last quarter. Family Legacy Inc. increased its position in shares of McDonald’s by 1.1% in the 3rd quarter. Family Legacy Inc. now owns 4,216 shares of the fast-food giant’s stock valued at $925,000 after acquiring an additional 45 shares during the period. Investors Financial Group LLC increased its position in shares of McDonald’s by 2.4% in the 3rd quarter. Investors Financial Group LLC now owns 2,008 shares of the fast-food giant’s stock valued at $441,000 after acquiring an additional 47 shares during the period. TFG Advisers LLC increased its position in shares of McDonald’s by 0.8% in the 3rd quarter. TFG Advisers LLC now owns 5,746 shares of the fast-food giant’s stock valued at $1,261,000 after acquiring an additional 48 shares during the period. Finally, Headinvest LLC increased its position in shares of McDonald’s by 1.6% in the 2nd quarter. Headinvest LLC now owns 3,074 shares of the fast-food giant’s stock valued at $567,000 after acquiring an additional 49 shares during the period. 66.07% of the stock is currently owned by institutional investors and hedge funds.

Several research firms recently issued reports on MCD. UBS Group upped their target price on McDonald’s from $215.00 to $230.00 and gave the company a “neutral” rating in a research report on Monday, September 14th. BTIG Research increased their price target on McDonald’s from $220.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, October 9th. Piper Sandler increased their price target on McDonald’s from $197.00 to $203.00 and gave the stock a “neutral” rating in a research report on Monday, September 14th. Bank of America increased their price target on McDonald’s from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, October 5th. Finally, Telsey Advisory Group increased their price target on McDonald’s from $230.00 to $250.00 and gave the stock an “outperform” rating in a research report on Monday, November 2nd. Seven research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $227.88.

Shares of McDonald’s stock opened at $214.09 on Friday. The firm has a market capitalization of $159.52 billion, a PE ratio of 33.93, a P/E/G ratio of 4.95 and a beta of 0.62. McDonald’s Co. has a twelve month low of $124.23 and a twelve month high of $231.91. The firm’s 50-day moving average price is $220.94 and its 200 day moving average price is $203.27.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Saturday, November 14th. The fast-food giant reported $2.22 EPS for the quarter, beating the Zacks’ consensus estimate of $1.90 by $0.32. The company had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.37 billion. McDonald’s had a net margin of 24.78% and a negative return on equity of 52.78%. McDonald’s’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.11 EPS. On average, equities analysts anticipate that McDonald’s Co. will post 6 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be issued a $1.29 dividend. This is an increase from McDonald’s’s previous quarterly dividend of $1.25. The ex-dividend date is Monday, November 30th. This represents a $5.16 dividend on an annualized basis and a yield of 2.41%. McDonald’s’s dividend payout ratio is presently 63.78%.

In other news, insider Ian Frederick Borden sold 4,149 shares of the firm’s stock in a transaction that occurred on Tuesday, November 10th. The shares were sold at an average price of $215.75, for a total transaction of $895,146.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Francesca A. Debiase sold 21,930 shares of the firm’s stock in a transaction that occurred on Monday, November 16th. The stock was sold at an average price of $215.62, for a total transaction of $4,728,546.60. Following the sale, the executive vice president now owns 23,048 shares of the company’s stock, valued at approximately $4,969,609.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 33,456 shares of company stock valued at $7,214,101. 0.25% of the stock is owned by insiders.

McDonald’s Profile

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products and beverages, as well as breakfast menu. As of December 31, 2019, the company operated 38,695 restaurants. McDonald's Corporation was founded in 1940 and is based in Chicago, Illinois.

Further Reading: Outstanding Shares, Buying and Selling Stocks

Institutional Ownership by Quarter for McDonald`s (NYSE:MCD)

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