Spirepoint Private Client LLC Has $1.07 Million Holdings in McDonald’s Corporation (NYSE:MCD)

Spirepoint Private Client LLC decreased its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 8.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,432 shares of the fast-food giant’s stock after selling 326 shares during the quarter. Spirepoint Private Client LLC’s holdings in McDonald’s were worth $1,072,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in McDonald’s by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 70,169,342 shares of the fast-food giant’s stock worth $20,341,391,000 after acquiring an additional 526,466 shares during the period. Geode Capital Management LLC boosted its position in shares of McDonald’s by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 16,074,438 shares of the fast-food giant’s stock worth $4,652,768,000 after purchasing an additional 157,458 shares during the last quarter. Capital Research Global Investors grew its stake in shares of McDonald’s by 5.2% during the fourth quarter. Capital Research Global Investors now owns 10,652,445 shares of the fast-food giant’s stock worth $3,088,037,000 after purchasing an additional 531,070 shares during the period. Norges Bank bought a new stake in McDonald’s in the fourth quarter valued at about $2,725,190,000. Finally, Northern Trust Corp increased its holdings in McDonald’s by 11.2% in the fourth quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant’s stock valued at $2,570,511,000 after purchasing an additional 895,896 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analyst Ratings Changes

MCD has been the topic of a number of recent analyst reports. TD Securities restated a “hold” rating and set a $305.00 target price on shares of McDonald’s in a report on Thursday, June 5th. KeyCorp lifted their price objective on shares of McDonald’s from $335.00 to $340.00 and gave the stock an “overweight” rating in a research note on Thursday, March 27th. Argus downgraded shares of McDonald’s from a “buy” rating to a “hold” rating in a research note on Friday, June 13th. Barclays increased their target price on shares of McDonald’s from $347.00 to $355.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. Finally, Erste Group Bank lowered shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a report on Saturday, May 24th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, McDonald’s presently has a consensus rating of “Hold” and a consensus price target of $321.79.

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 939 shares of the company’s stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $315.07, for a total value of $295,850.73. Following the transaction, the insider now directly owns 11,161 shares of the company’s stock, valued at $3,516,496.27. This represents a 7.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders sold 2,817 shares of company stock worth $865,843 over the last three months. Insiders own 0.25% of the company’s stock.

McDonald’s Price Performance

Shares of McDonald’s stock opened at $289.42 on Tuesday. The business has a fifty day simple moving average of $310.02 and a two-hundred day simple moving average of $302.79. McDonald’s Corporation has a 1 year low of $243.53 and a 1 year high of $326.32. The company has a market capitalization of $206.94 billion, a price-to-earnings ratio of 25.54, a P/E/G ratio of 3.00 and a beta of 0.56.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, meeting the consensus estimate of $2.67. The company had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.17 billion. McDonald’s had a net margin of 31.75% and a negative return on equity of 195.27%. The company’s revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.70 earnings per share. As a group, equities analysts anticipate that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a dividend of $1.77 per share. The ex-dividend date was Monday, June 2nd. This represents a $7.08 annualized dividend and a yield of 2.45%. McDonald’s’s dividend payout ratio (DPR) is presently 62.49%.

McDonald’s Profile

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.