McDonald’s Co. (NYSE:MCD) Shares Acquired by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC increased its holdings in shares of McDonald’s Co. (NYSE:MCD) by 7.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 15,384 shares of the fast-food giant’s stock after acquiring an additional 1,042 shares during the period. Pallas Capital Advisors LLC’s holdings in McDonald’s were worth $4,805,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of MCD. Brighton Jones LLC grew its stake in McDonald’s by 21.6% in the 4th quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant’s stock valued at $2,692,000 after acquiring an additional 1,649 shares during the period. Union Bancaire Privee UBP SA purchased a new position in McDonald’s during the fourth quarter valued at $64,805,000. Revolve Wealth Partners LLC grew its position in shares of McDonald’s by 2.8% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant’s stock valued at $563,000 after purchasing an additional 52 shares during the period. Empowered Funds LLC increased its stake in shares of McDonald’s by 2.1% during the fourth quarter. Empowered Funds LLC now owns 55,609 shares of the fast-food giant’s stock worth $16,120,000 after purchasing an additional 1,129 shares in the last quarter. Finally, Richard C. Young & CO. LTD. raised its position in shares of McDonald’s by 1.1% during the 4th quarter. Richard C. Young & CO. LTD. now owns 43,849 shares of the fast-food giant’s stock worth $12,711,000 after purchasing an additional 464 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at McDonald’s

In other news, insider Joseph M. Erlinger sold 939 shares of the company’s stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of $318.50, for a total value of $299,071.50. Following the completion of the transaction, the insider now owns 12,100 shares in the company, valued at approximately $3,853,850. This represents a 7.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.25% of the stock is currently owned by insiders.

McDonald’s Trading Down 0.5%

Shares of NYSE:MCD opened at $307.44 on Monday. The company has a market cap of $219.83 billion, a PE ratio of 26.99, a P/E/G ratio of 3.10 and a beta of 0.56. The company’s 50 day moving average is $312.29 and its two-hundred day moving average is $302.76. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $326.32.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.67. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. The company had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $6.17 billion. During the same period in the previous year, the business earned $2.70 EPS. McDonald’s’s revenue for the quarter was down 3.5% on a year-over-year basis. As a group, equities research analysts expect that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a $1.77 dividend. The ex-dividend date is Monday, June 2nd. This represents a $7.08 annualized dividend and a yield of 2.30%. McDonald’s’s dividend payout ratio is currently 62.49%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Wedbush lifted their price objective on McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Morgan Stanley cut McDonald’s from an “overweight” rating to an “equal weight” rating and set a $324.00 price target for the company. in a research report on Monday. JPMorgan Chase & Co. lifted their target price on shares of McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Bank of America increased their target price on shares of McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a research report on Tuesday, February 11th. Finally, Robert W. Baird raised their target price on shares of McDonald’s from $300.00 to $315.00 and gave the stock a “neutral” rating in a research note on Friday, May 2nd. Fourteen investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $324.48.

About McDonald’s

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.