1,504 Shares in McDonald’s Corporation $MCD Acquired by ZEGA Investments LLC

ZEGA Investments LLC bought a new position in shares of McDonald’s Corporation (NYSE:MCD) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,504 shares of the fast-food giant’s stock, valued at approximately $439,000.

Several other large investors have also recently modified their holdings of MCD. Brighton Jones LLC raised its holdings in McDonald’s by 21.6% during the 4th quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant’s stock worth $2,692,000 after purchasing an additional 1,649 shares during the last quarter. Revolve Wealth Partners LLC increased its position in shares of McDonald’s by 2.8% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant’s stock worth $563,000 after buying an additional 52 shares during the period. SSA Swiss Advisors AG bought a new position in McDonald’s during the first quarter worth $175,000. LBP AM SA acquired a new position in McDonald’s in the first quarter valued at $3,667,000. Finally, Allworth Financial LP boosted its position in McDonald’s by 3.3% during the first quarter. Allworth Financial LP now owns 46,007 shares of the fast-food giant’s stock valued at $14,548,000 after acquiring an additional 1,450 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

Insiders Place Their Bets

In other news, CMO Edith Morgan Flatley sold 1,000 shares of the company’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total value of $315,000.00. Following the completion of the sale, the chief marketing officer owned 6,858 shares in the company, valued at $2,160,270. This represents a 12.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Jonathan Banner sold 1,000 shares of the stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total transaction of $310,000.00. Following the completion of the sale, the executive vice president owned 99 shares of the company’s stock, valued at approximately $30,690. This represents a 90.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 15,134 shares of company stock valued at $4,570,716 in the last three months. 0.25% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on MCD. Mizuho raised McDonald’s to a “hold” rating in a research report on Tuesday, October 28th. Royal Bank Of Canada began coverage on McDonald’s in a report on Wednesday, October 8th. They set a “sector perform” rating and a $320.00 price target on the stock. TD Cowen lifted their price objective on shares of McDonald’s from $305.00 to $315.00 and gave the company a “hold” rating in a research note on Wednesday, August 6th. Barclays dropped their target price on shares of McDonald’s from $362.00 to $358.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, Guggenheim reduced their price target on shares of McDonald’s from $310.00 to $295.00 and set a “neutral” rating for the company in a report on Friday, October 10th. Eleven analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $323.91.

McDonald’s Price Performance

MCD opened at $299.71 on Friday. McDonald’s Corporation has a fifty-two week low of $276.53 and a fifty-two week high of $326.32. The firm has a market capitalization of $213.88 billion, a PE ratio of 25.68, a P/E/G ratio of 3.23 and a beta of 0.50. The company’s 50-day moving average is $304.39 and its 200 day moving average is $305.13.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Wednesday, November 5th. The fast-food giant reported $3.22 EPS for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.11). McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The company had revenue of $7.08 billion for the quarter, compared to the consensus estimate of $7.10 billion. During the same period in the prior year, the firm posted $3.23 earnings per share. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. As a group, analysts expect that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a dividend of $1.86 per share. This is a boost from McDonald’s’s previous quarterly dividend of $1.77. The ex-dividend date is Monday, December 1st. This represents a $7.44 annualized dividend and a yield of 2.5%. McDonald’s’s dividend payout ratio (DPR) is 63.48%.

About McDonald’s

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.