Prudential PLC Has $30 Million Stake in McDonald’s Corporation $MCD

Prudential PLC boosted its position in shares of McDonald’s Corporation (NYSE:MCDFree Report) by 8.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 98,167 shares of the fast-food giant’s stock after purchasing an additional 7,950 shares during the period. Prudential PLC’s holdings in McDonald’s were worth $30,003,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Your Advocates Ltd. LLP acquired a new stake in McDonald’s during the fourth quarter worth about $27,000. Park Place Capital Corp grew its stake in McDonald’s by 95.7% during the fourth quarter. Park Place Capital Corp now owns 92 shares of the fast-food giant’s stock worth $28,000 after buying an additional 45 shares in the last quarter. DecisionPoint Financial LLC grew its stake in McDonald’s by 1,616.7% during the fourth quarter. DecisionPoint Financial LLC now owns 103 shares of the fast-food giant’s stock worth $31,000 after buying an additional 97 shares in the last quarter. Entrust Financial LLC acquired a new stake in McDonald’s during the fourth quarter worth about $31,000. Finally, Painted Porch Advisors LLC grew its stake in McDonald’s by 735.7% during the third quarter. Painted Porch Advisors LLC now owns 117 shares of the fast-food giant’s stock worth $36,000 after buying an additional 103 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about McDonald’s

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on MCD shares. Sanford C. Bernstein reiterated a “market perform” rating and set a $340.00 price objective on shares of McDonald’s in a research note on Thursday, February 12th. Wells Fargo & Company dropped their target price on shares of McDonald’s from $355.00 to $320.00 and set an “overweight” rating for the company in a report on Friday, May 8th. BTIG Research reissued a “buy” rating and issued a $370.00 target price on shares of McDonald’s in a report on Thursday, May 7th. JPMorgan Chase & Co. dropped their target price on shares of McDonald’s from $325.00 to $305.00 and set an “overweight” rating for the company in a report on Monday, May 11th. Finally, UBS Group increased their target price on shares of McDonald’s from $350.00 to $365.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. Sixteen research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $335.50.

Get Our Latest Report on MCD

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 2,626 shares of the firm’s stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $307.00, for a total value of $806,182.00. Following the completion of the transaction, the insider owned 8,400 shares in the company, valued at $2,578,800. This trade represents a 23.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Desiree Ralls-Morrison sold 2,763 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $278.36, for a total transaction of $769,108.68. Following the completion of the transaction, the executive vice president owned 6,268 shares of the company’s stock, valued at approximately $1,744,760.48. This trade represents a 30.59% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 8,681 shares of company stock valued at $2,631,594. 0.26% of the stock is owned by company insiders.

McDonald’s Trading Down 0.2%

MCD stock opened at $272.65 on Friday. The stock has a market capitalization of $193.72 billion, a P/E ratio of 22.48, a price-to-earnings-growth ratio of 2.72 and a beta of 0.41. McDonald’s Corporation has a 12 month low of $271.85 and a 12 month high of $341.75. The firm has a 50-day moving average price of $292.61 and a 200-day moving average price of $307.73.

McDonald’s (NYSE:MCDGet Free Report) last posted its earnings results on Thursday, May 7th. The fast-food giant reported $2.83 EPS for the quarter, topping analysts’ consensus estimates of $2.74 by $0.09. The firm 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 business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.67 earnings per share. As a group, equities analysts predict that McDonald’s Corporation will post 12.93 EPS for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 16th. Investors of record on Tuesday, June 2nd will be issued a $1.86 dividend. This represents a $7.44 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Tuesday, June 2nd. McDonald’s’s dividend payout ratio (DPR) is 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.

Further Reading

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)

Receive News & Ratings for McDonald's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDonald's and related companies with MarketBeat.com's FREE daily email newsletter.