2 weeks Ago By ABMN Staff
Susquehanna Fundamental Investments LLC boosted its position in McDonald’s Co. ( NYSE:MCD – Free Report ) by 85.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 90,831 shares of the fast-food giant’s stock after buying an additional 41,729 shares during the quarter. Susquehanna Fundamental Investments LLC’s holdings in McDonald’s were worth $23,147,000 at the end of the most recent quarter. A number of other institutional investors have also recently added to or reduced their stakes in the company.
Gilbert & Cook Inc. increased its position in shares of McDonald’s by 20.7% in the 4th quarter.
Gilbert & Cook Inc. now owns 4,384 shares of the fast-food giant’s stock worth $1,300,000 after purchasing an additional 753 shares during the last quarter. Aveo Capital Partners LLC increased its position in shares of McDonald’s by 14.
5% in the 4th quarter. Aveo Capital Partners LLC now owns 1,899 shares of the fast-food giant’s stock worth $563,000 after purchasing an additional 240 shares during the last quarter. 9258 Wealth Management LLC increased its position in shares of McDonald’s by 4.
2% in the 4th quarter. 9258 Wealth Management LLC now owns 2,796 shares of the fast-food giant’s stock worth $829,000 after purchasing an additional 113 shares during the last quarter. Gryphon Financial Partners LLC increased its position in shares of McDonald’s by 99.
3% in the 4th quarter. Gryphon Financial Partners LLC now owns 5,892 shares of the fast-food giant’s stock worth $1,722,000 after purchasing an additional 2,935 shares during the last quarter. Finally, Gold Investment Management Ltd.
bought a new stake in shares of McDonald’s in the 4th quarter worth about $254,000. Institutional investors and hedge funds own 70.29% of the company’s stock.
McDonald’s Price Performance MCD stock opened at $303.69 on Friday. The firm has a market capitalization of $218.
86 billion, a P/E ratio of 25.78, a P/E/G ratio of 3.99 and a beta of 0.
72. The company’s 50 day simple moving average is $281.71 and its 200-day simple moving average is $271.
18. McDonald’s Co. has a 52-week low of $243.
53 and a 52-week high of $306.96. McDonald’s Increases Dividend The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th.
Shareholders of record on Monday, December 2nd will be paid a $1.77 dividend. This represents a $7.
08 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend is Monday, December 2nd.
This is a positive change from McDonald’s’s previous quarterly dividend of $1.67. McDonald’s’s dividend payout ratio is currently 56.
71%. Insider Buying and Selling at McDonald’s In other news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction on Tuesday, July 23rd.
The shares were sold at an average price of $260.00, for a total transaction of $285,740.00.
Following the transaction, the insider now owns 13,681 shares in the company, valued at approximately $3,557,060. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website . In other news, insider Joseph M.
Erlinger sold 1,099 shares of the stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $260.00, for a total transaction of $285,740.
00. Following the transaction, the insider now owns 13,681 shares in the company, valued at approximately $3,557,060. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website .
Also, CEO Christopher J. Kempczinski sold 11,727 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $300.
03, for a total transaction of $3,518,451.81. Following the sale, the chief executive officer now directly owns 49,885 shares of the company’s stock, valued at $14,966,996.
55. The disclosure for this sale can be found here . In the last quarter, insiders have sold 33,249 shares of company stock worth $9,865,866.
0.23% of the stock is currently owned by company insiders. Wall Street Analysts Forecast Growth Several equities research analysts have recently weighed in on the stock.
BMO Capital Markets dropped their target price on shares of McDonald’s from $330.00 to $315.00 and set an “outperform” rating for the company in a research report on Tuesday, July 30th.
Tigress Financial boosted their target price on shares of McDonald’s from $355.00 to $360.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd.
Stifel Nicolaus lowered their price objective on shares of McDonald’s from $285.00 to $265.00 and set a “hold” rating for the company in a research report on Monday, July 22nd.
Evercore ISI boosted their price objective on shares of McDonald’s from $300.00 to $320.00 and gave the company an “outperform” rating in a research report on Monday, August 19th.
Finally, Wedbush reaffirmed an “outperform” rating and set a $295.00 price objective on shares of McDonald’s in a research report on Monday, July 29th. Eleven research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company.
According to MarketBeat.com, McDonald’s has a consensus rating of “Moderate Buy” and an average price target of $308.22.
View Our Latest Analysis on MCD McDonald’s Profile ( Free Report ) McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions. Featured Articles 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 Co. ( NYSE:MCD – Free Report ). 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.
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