McDonald’s Corporation $MCD Shares Acquired by Kera Capital Partners Inc.

Kera Capital Partners Inc. grew its position in shares of McDonald’s Corporation (NYSE:MCDFree Report) by 64.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,871 shares of the fast-food giant’s stock after purchasing an additional 2,297 shares during the quarter. Kera Capital Partners Inc.’s holdings in McDonald’s were worth $1,849,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Your Advocates Ltd. LLP acquired a new stake in McDonald’s during the fourth quarter valued at $27,000. Park Place Capital Corp raised its position in shares of McDonald’s by 95.7% in the fourth quarter. Park Place Capital Corp now owns 92 shares of the fast-food giant’s stock worth $28,000 after acquiring an additional 45 shares during the period. IFC & Insurance Marketing Inc. acquired a new position in shares of McDonald’s in the fourth quarter worth about $29,000. Abound Financial LLC purchased a new stake in shares of McDonald’s during the 4th quarter worth about $30,000. Finally, DecisionPoint Financial LLC boosted its stake in shares of McDonald’s by 1,616.7% during the 4th quarter. DecisionPoint Financial LLC now owns 103 shares of the fast-food giant’s stock worth $31,000 after acquiring an additional 97 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

More McDonald’s News

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

Analyst Ratings Changes

MCD has been the topic of a number of analyst reports. Weiss Ratings cut McDonald’s from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 29th. Cfra upgraded McDonald’s to a “buy” rating in a research report on Friday, May 8th. JPMorgan Chase & Co. dropped their price objective on McDonald’s from $325.00 to $305.00 and set an “overweight” rating on the stock in a report on Monday, May 11th. TD Cowen reissued a “hold” rating on shares of McDonald’s in a report on Friday, June 12th. Finally, Evercore set a $350.00 target price on McDonald’s in a research note on Friday, May 8th. Sixteen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $336.26.

Get Our Latest Stock Analysis on MCD

McDonald’s Stock Down 1.7%

MCD opened at $279.00 on Friday. McDonald’s Corporation has a twelve month low of $271.85 and a twelve month high of $341.75. The company has a 50-day moving average price of $287.55 and a 200 day moving average price of $305.99. The company has a market cap of $198.23 billion, a PE ratio of 23.00, a price-to-earnings-growth ratio of 2.83 and a beta of 0.41.

McDonald’s (NYSE:MCDGet Free Report) last posted its quarterly earnings data on Thursday, May 7th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company 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 firm posted $2.67 EPS. McDonald’s’s revenue was up 9.4% compared to the same quarter last year. As a group, sell-side analysts expect that McDonald’s Corporation will post 12.93 earnings per share for the current year.

McDonald’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Tuesday, June 2nd were given a $1.86 dividend. This represents a $7.44 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Tuesday, June 2nd. McDonald’s’s dividend payout ratio (DPR) is 61.34%.

Insider Buying and Selling

In other news, EVP Desiree Ralls-Morrison sold 2,763 shares of McDonald’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $278.36, for a total value of $769,108.68. Following the sale, the executive vice president directly owned 6,268 shares of the company’s stock, valued at $1,744,760.48. The trade was a 30.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Joseph M. Erlinger sold 5,252 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $284.32, for a total value of $1,493,248.64. Following the sale, the insider owned 7,734 shares of the company’s stock, valued at $2,198,930.88. The trade was a 40.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 11,307 shares of company stock worth $3,262,622 over the last ninety days. Corporate insiders own 0.26% of the company’s stock.

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.

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

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