Pacer Advisors Inc. Has $34.85 Million Stock Holdings in McDonald’s Corporation $MCD

Pacer Advisors Inc. trimmed its position in McDonald’s Corporation (NYSE:MCDFree Report) by 6.4% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 112,147 shares of the fast-food giant’s stock after selling 7,651 shares during the period. Pacer Advisors Inc.’s holdings in McDonald’s were worth $34,854,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in MCD. Your Advocates Ltd. LLP bought a new position in McDonald’s in the fourth quarter valued at about $27,000. IFC & Insurance Marketing Inc. acquired a new stake in McDonald’s in the fourth quarter worth about $29,000. Abound Financial LLC bought a new stake in McDonald’s during the 4th quarter worth about $30,000. Purpose Unlimited Inc. bought a new stake in McDonald’s during the 4th quarter worth about $31,000. Finally, DecisionPoint Financial LLC lifted its position in McDonald’s by 1,616.7% during the 4th quarter. DecisionPoint Financial LLC now owns 103 shares of the fast-food giant’s stock valued at $31,000 after purchasing an additional 97 shares during the period. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald’s Stock Down 1.7%

Shares of NYSE MCD opened at $266.02 on Tuesday. The company’s fifty day moving average is $274.55 and its 200-day moving average is $297.32. The stock has a market cap of $189.01 billion, a price-to-earnings ratio of 21.93, a P/E/G ratio of 2.91 and a beta of 0.41. McDonald’s Corporation has a twelve month low of $260.96 and a twelve month high of $341.75.

McDonald’s (NYSE:MCDGet Free Report) last released its quarterly earnings data on Thursday, May 7th. The fast-food giant reported $2.83 EPS for the quarter, beating analysts’ consensus estimates of $2.74 by $0.09. The business had revenue of $6.52 billion during the quarter, compared to analysts’ expectations of $6.47 billion. McDonald’s had a net margin of 31.62% and a negative return on equity of 442.10%. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.67 EPS. On average, research analysts anticipate that McDonald’s Corporation will post 12.86 EPS for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Tuesday, September 1st will be paid a $1.86 dividend. This represents a $7.44 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Tuesday, September 1st. McDonald’s’s payout ratio is presently 61.34%.

Insider Activity

In other news, EVP Desiree Ralls-Morrison sold 2,763 shares of McDonald’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $278.36, for a total transaction of $769,108.68. Following the transaction, the executive vice president owned 6,268 shares in the company, valued at $1,744,760.48. The trade was a 30.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 5,252 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $284.32, for a total value of $1,493,248.64. Following the completion of the transaction, the insider owned 7,734 shares of the company’s stock, valued at $2,198,930.88. This represents a 40.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 8,348 shares of company stock valued at $2,355,634 over the last 90 days. Corporate insiders own 0.26% of the company’s stock.

Key McDonald’s News

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

Analyst Ratings Changes

Several research analysts have recently issued reports on MCD shares. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of McDonald’s in a research note on Tuesday, July 28th. Mizuho cut their price objective on shares of McDonald’s from $300.00 to $290.00 and set a “neutral” rating on the stock in a report on Friday. Weiss Ratings cut shares of McDonald’s from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 23rd. KeyCorp reaffirmed an “overweight” rating on shares of McDonald’s in a report on Wednesday, July 15th. Finally, Cfra upgraded shares of McDonald’s to a “buy” rating in a research report on Friday, May 8th. Fifteen research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $331.92.

Check Out Our Latest Research Report on MCD

About McDonald’s

(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.

Further Reading

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

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