MONECO Advisors LLC Purchases 118 Shares of McDonald’s Co. (NYSE:MCD)

MONECO Advisors LLC grew its position in shares of McDonald’s Co. (NYSE:MCD) by 3.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,865 shares of the fast-food giant’s stock after buying an additional 118 shares during the period. MONECO Advisors LLC’s holdings in McDonald’s were worth $985,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in MCD. Norges Bank bought a new position in McDonald’s during the 4th quarter worth $2,684,899,000. Gallagher Fiduciary Advisors LLC increased its position in shares of McDonald’s by 141,160.9% in the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 5,613,710 shares of the fast-food giant’s stock worth $1,664,521,000 after purchasing an additional 5,609,736 shares during the period. Capital Research Global Investors increased its position in shares of McDonald’s by 66.9% in the first quarter. Capital Research Global Investors now owns 5,471,007 shares of the fast-food giant’s stock worth $1,542,550,000 after purchasing an additional 2,193,769 shares during the period. Swedbank AB bought a new position in shares of McDonald’s in the first quarter worth $348,206,000. Finally, Capital World Investors increased its position in shares of McDonald’s by 39.7% in the first quarter. Capital World Investors now owns 3,565,398 shares of the fast-food giant’s stock worth $1,005,264,000 after purchasing an additional 1,012,534 shares during the period. Institutional investors own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on MCD shares. BMO Capital Markets decreased their price target on McDonald’s from $330.00 to $315.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 30th. Bank of America decreased their price target on McDonald’s from $288.00 to $278.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft reduced their price objective on McDonald’s from $295.00 to $290.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Morgan Stanley reduced their price objective on McDonald’s from $312.00 to $300.00 and set an “overweight” rating on the stock in a research note on Thursday, July 11th. Finally, Barclays reduced their price objective on McDonald’s from $320.00 to $300.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 30th. Eleven investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, McDonald’s has a consensus rating of “Moderate Buy” and an average price target of $303.71.

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $265.13, for a total value of $291,377.87. Following the completion of the sale, the insider now directly owns 15,878 shares in the company, valued at $4,209,734.14. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $260.00, for a total value of $285,480.00. Following the completion of the sale, the insider now directly owns 14,780 shares in the company, valued at $3,842,800. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $265.13, for a total value of $291,377.87. Following the completion of the sale, the insider now owns 15,878 shares of the company’s stock, valued at $4,209,734.14. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,794 shares of company stock worth $1,234,491. 0.23% of the stock is owned by corporate insiders.

McDonald’s Price Performance

Shares of McDonald’s stock traded up $8.06 during midday trading on Monday, reaching $286.55. The company had a trading volume of 1,547,741 shares, compared to its average volume of 3,555,888. The stock has a fifty day moving average price of $258.71 and a 200 day moving average price of $270.87. The firm has a market cap of $206.51 billion, a PE ratio of 24.31, a P/E/G ratio of 3.58 and a beta of 0.71. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $302.39.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Monday, July 29th. The fast-food giant reported $2.97 EPS for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.10). The company had revenue of $6.49 billion during the quarter, compared to analyst estimates of $6.62 billion. McDonald’s had a negative return on equity of 178.92% and a net margin of 32.25%. McDonald’s’s revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.17 earnings per share. As a group, sell-side analysts forecast that McDonald’s Co. will post 11.71 EPS for the current year.

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be issued a $1.67 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $6.68 dividend on an annualized basis and a yield of 2.33%. McDonald’s’s payout ratio is currently 56.71%.

McDonald’s Profile

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.