Horizon Investments LLC Has $4.78 Million Stock Holdings in McDonald’s Corporation (NYSE:MCD)

Horizon Investments LLC grew its holdings in McDonald’s Corporation (NYSE:MCD) by 3.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,296 shares of the fast-food giant’s stock after buying an additional 504 shares during the quarter. Horizon Investments LLC’s holdings in McDonald’s were worth $4,778,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Mascagni Wealth Management Inc. acquired a new position in shares of McDonald’s in the 4th quarter valued at $25,000. Pinney & Scofield Inc. acquired a new stake in shares of McDonald’s during the 4th quarter worth about $29,000. GKV Capital Management Co. Inc. acquired a new stake in shares of McDonald’s during the 4th quarter worth about $30,000. Abound Financial LLC acquired a new stake in shares of McDonald’s during the 1st quarter worth about $30,000. Finally, Copia Wealth Management acquired a new stake in shares of McDonald’s during the 4th quarter worth about $31,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Price Performance

McDonald’s stock opened at $308.64 on Friday. The company’s 50 day simple moving average is $298.03 and its 200 day simple moving average is $304.85. McDonald’s Corporation has a fifty-two week low of $271.85 and a fifty-two week high of $326.32. The firm has a market capitalization of $220.25 billion, a price-to-earnings ratio of 26.45, a PEG ratio of 3.11 and a beta of 0.52.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.04. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. The business had revenue of $6.84 billion for the quarter, compared to analyst estimates of $6.68 billion. During the same quarter last year, the firm earned $2.97 EPS. McDonald’s’s quarterly revenue was up 5.4% compared to the same quarter last year. As a group, analysts predict that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be paid a $1.77 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.3%. McDonald’s’s payout ratio is presently 60.67%.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 2,487 shares of McDonald’s stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $310.00, for a total value of $770,970.00. Following the transaction, the executive vice president owned 8,754 shares of the company’s stock, valued at approximately $2,713,740. The trade was a 22.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CMO Edith Morgan Flatley sold 1,000 shares of McDonald’s stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $300.00, for a total transaction of $300,000.00. Following the completion of the transaction, the chief marketing officer directly owned 8,858 shares in the company, valued at approximately $2,657,400. The trade was a 10.14% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,280 shares of company stock valued at $2,215,178. 0.25% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Loop Capital cut shares of McDonald’s from a “buy” rating to a “hold” rating and dropped their target price for the stock from $346.00 to $315.00 in a research report on Friday, June 6th. Citigroup increased their target price on shares of McDonald’s from $364.00 to $365.00 and gave the stock a “buy” rating in a research report on Wednesday, July 9th. Morgan Stanley increased their target price on shares of McDonald’s from $324.00 to $326.00 and gave the stock an “equal weight” rating in a research report on Monday, July 14th. Argus cut shares of McDonald’s from a “buy” rating to a “hold” rating in a research report on Friday, June 13th. Finally, Northcoast Research cut shares of McDonald’s from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 6th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, McDonald’s currently has an average rating of “Hold” and a consensus price target of $326.87.

McDonald’s Company Profile

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.