Harbour Investments Inc. Has $10.85 Million Position in McDonald’s Corporation $MCD

Harbour Investments Inc. boosted its holdings in McDonald’s Corporation (NYSE:MCDFree Report) by 84.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 35,510 shares of the fast-food giant’s stock after acquiring an additional 16,252 shares during the quarter. Harbour Investments Inc.’s holdings in McDonald’s were worth $10,853,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of MCD. Wiser Advisor Group LLC boosted its holdings in McDonald’s by 1.4% during the 4th quarter. Wiser Advisor Group LLC now owns 4,594 shares of the fast-food giant’s stock worth $1,404,000 after acquiring an additional 63 shares during the last quarter. Allstate Corp boosted its holdings in McDonald’s by 109.7% during the 4th quarter. Allstate Corp now owns 53,951 shares of the fast-food giant’s stock worth $16,489,000 after acquiring an additional 28,219 shares during the last quarter. MSH Capital Advisors LLC boosted its holdings in McDonald’s by 88.9% during the 4th quarter. MSH Capital Advisors LLC now owns 4,850 shares of the fast-food giant’s stock worth $1,482,000 after acquiring an additional 2,282 shares during the last quarter. Summitry LLC boosted its holdings in McDonald’s by 7.3% during the 4th quarter. Summitry LLC now owns 25,297 shares of the fast-food giant’s stock worth $7,732,000 after acquiring an additional 1,712 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC boosted its holdings in McDonald’s by 33.6% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,515 shares of the fast-food giant’s stock worth $1,686,000 after acquiring an additional 1,388 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Transactions at McDonald’s

In related news, insider Joseph M. Erlinger sold 333 shares of the business’s stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $302.72, for a total value of $100,805.76. Following the sale, the insider directly owned 8,067 shares in the company, valued at approximately $2,442,042.24. The trade was a 3.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last quarter, insiders sold 5,585 shares of company stock valued at $1,769,209. Insiders own 0.26% of the company’s stock.

Key Stories Impacting McDonald’s

Here are the key news stories impacting McDonald’s this week:

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Morgan Stanley set a $331.00 price objective on shares of McDonald’s in a report on Friday, May 8th. Argus raised shares of McDonald’s from a “hold” rating to a “buy” rating and set a $380.00 price objective on the stock in a report on Friday, February 13th. Jefferies Financial Group lifted their price objective on shares of McDonald’s from $360.00 to $375.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. Guggenheim cut their price objective on shares of McDonald’s from $325.00 to $320.00 and set a “neutral” rating on the stock in a report on Friday, February 13th. Finally, Cfra raised shares of McDonald’s to a “buy” rating in a report on Friday, May 8th. Seventeen research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $334.45.

View Our Latest Stock Analysis on MCD

McDonald’s Price Performance

NYSE MCD opened at $282.48 on Tuesday. The stock has a market capitalization of $200.70 billion, a price-to-earnings ratio of 23.29, a PEG ratio of 2.81 and a beta of 0.43. McDonald’s Corporation has a one year low of $271.98 and a one year high of $341.75. The business’s fifty day moving average is $298.88 and its 200-day moving average is $309.23.

McDonald’s (NYSE:MCDGet Free Report) last announced its quarterly earnings data on Thursday, May 7th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.74 by $0.09. McDonald’s had a negative return on equity of 442.10% and a net margin of 31.62%.The business had revenue of $6.52 billion for the quarter, compared to analysts’ expectations of $6.47 billion. During the same period in the previous year, the business posted $2.67 EPS. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. Research analysts expect that McDonald’s Corporation will post 12.93 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 16th. Investors of record on Tuesday, June 2nd will be paid a $1.86 dividend. This represents a $7.44 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Tuesday, June 2nd. McDonald’s’s payout ratio is currently 61.34%.

McDonald’s Company Profile

(Free Report)

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.

See Also

Want to see what other hedge funds are holding MCD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for McDonald’s Corporation (NYSE:MCDFree Report).

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

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