McDonald’s Co. (NYSE:MCD) Shares Acquired by Miracle Mile Advisors LLC

Miracle Mile Advisors LLC boosted its holdings in McDonald’s Co. (NYSE:MCD) by 0.9% during the 1st quarter, Holdings Channel.com reports. The fund owned 53,108 shares of the fast-food giant’s stock after purchasing an additional 491 shares during the quarter. Miracle Mile Advisors LLC’s holdings in McDonald’s were worth $14,974,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

A number of research firms recently weighed in on MCD. Citigroup decreased their price target on McDonald’s from $312.00 to $297.00 and set a “neutral” rating for the company in a research report on Tuesday, April 16th. BMO Capital Markets dropped their target price on shares of McDonald’s from $335.00 to $330.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 1st. Stifel Nicolaus reduced their price target on shares of McDonald’s from $315.00 to $300.00 and set a “hold” rating for the company in a research report on Thursday, April 11th. Wedbush cut their target price on shares of McDonald’s from $330.00 to $300.00 and set an “outperform” rating on the stock in a research note on Friday, April 26th. Finally, TD Cowen reaffirmed a “buy” rating and issued a $305.00 target price on shares of McDonald’s in a research report on Thursday, June 13th. Ten equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat.com, McDonald’s has a consensus rating of “Moderate Buy” and an average price target of $315.14.

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total value of $303,750.72. Following the completion of the sale, the insider now directly owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $265.13, for a total transaction of $291,377.87. Following the sale, the insider now owns 15,878 shares in the company, valued at $4,209,734.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total transaction of $303,750.72. Following the completion of the sale, the insider now directly owns 16,977 shares in the company, valued at approximately $4,696,517.28. The disclosure for this sale can be found here. Insiders have sold a total of 4,095 shares of company stock valued at $1,100,625 in the last three months. Company insiders own 0.23% of the company’s stock.

McDonald’s Stock Down 1.9 %

Shares of NYSE:MCD traded down $4.85 during trading on Monday, reaching $249.99. The stock had a trading volume of 3,735,568 shares, compared to its average volume of 3,433,032. The stock has a fifty day simple moving average of $263.31 and a two-hundred day simple moving average of $279.07. The firm has a market capitalization of $180.16 billion, a price-to-earnings ratio of 21.21, a P/E/G ratio of 2.87 and a beta of 0.71. McDonald’s Co. has a 52 week low of $245.73 and a 52 week high of $302.39.

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

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders 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 2.67%. The ex-dividend date was Monday, June 3rd. McDonald’s’s dividend payout ratio (DPR) is currently 56.71%.

McDonald’s 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.