840 Shares in McDonald’s Co. (NYSE:MCD) Purchased by Perpetual Ltd

Perpetual Ltd bought a new position in McDonald’s Co. (NYSE:MCD) during the first quarter, Holdings Channel.com reports. The fund bought 840 shares of the fast-food giant’s stock, valued at approximately $237,000.

A number of other institutional investors have also modified their holdings of the stock. Signature Resources Capital Management LLC purchased a new stake in shares of McDonald’s in the 4th quarter worth $31,000. Spartan Planning & Wealth Management purchased a new stake in McDonald’s in the third quarter worth about $33,000. Clear Investment Research LLC bought a new position in McDonald’s during the 4th quarter worth about $38,000. Atlantic Edge Private Wealth Management LLC bought a new stake in shares of McDonald’s in the 4th quarter valued at about $39,000. Finally, Keener Financial Planning LLC purchased a new stake in shares of McDonald’s in the 4th quarter worth approximately $39,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at McDonald’s

In other news, EVP Jonathan Banner sold 800 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $275.02, for a total transaction of $220,016.00. Following the transaction, the executive vice president now owns 19 shares in the company, valued at approximately $5,225.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $265.13, for a total transaction of $291,377.87. Following the completion of the transaction, the insider now owns 15,878 shares of the company’s stock, valued at $4,209,734.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jonathan Banner sold 800 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $275.02, for a total value of $220,016.00. Following the completion of the transaction, the executive vice president now owns 19 shares in the company, valued at approximately $5,225.38. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,997 shares of company stock valued at $815,145. Company insiders own 0.23% of the company’s stock.

McDonald’s Trading Up 2.2 %

McDonald’s stock opened at $259.39 on Friday. The firm has a market cap of $186.94 billion, a PE ratio of 22.02, a P/E/G ratio of 2.86 and a beta of 0.71. The stock’s 50 day simple moving average is $264.43 and its two-hundred day simple moving average is $280.29. McDonald’s Co. has a 12 month low of $245.73 and a 12 month high of $302.39.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). The firm had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.16 billion. McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. The business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period last year, the company posted $2.63 earnings per share. On average, equities research analysts forecast that McDonald’s Co. will post 12.19 EPS for the current year.

McDonald’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were given a dividend of $1.67 per share. The ex-dividend date was Monday, June 3rd. This represents a $6.68 dividend on an annualized basis and a yield of 2.58%. McDonald’s’s dividend payout ratio is currently 56.71%.

Analyst Ratings Changes

Several equities analysts recently issued reports on MCD shares. The Goldman Sachs Group assumed coverage on shares of McDonald’s in a report on Thursday, June 13th. They set a “neutral” rating and a $288.00 price objective on the stock. Wedbush decreased their price objective on McDonald’s from $330.00 to $300.00 and set an “outperform” rating for the company in a research note on Friday, April 26th. Argus reiterated a “hold” rating on shares of McDonald’s in a research note on Monday, March 25th. Bank of America decreased their price target on shares of McDonald’s from $302.00 to $288.00 and set a “neutral” rating for the company in a research report on Tuesday, May 28th. Finally, Morgan Stanley cut their price objective on shares of McDonald’s from $327.00 to $320.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Ten investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $315.14.

About McDonald’s

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.