Smartleaf Asset Management LLC Buys 193 Shares of McDonald’s Corporation $MCD

Smartleaf Asset Management LLC lifted its holdings in McDonald’s Corporation (NYSE:MCD) by 2.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,028 shares of the fast-food giant’s stock after acquiring an additional 193 shares during the period. Smartleaf Asset Management LLC’s holdings in McDonald’s were worth $3,080,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in MCD. Nuveen LLC bought a new position in shares of McDonald’s in the 1st quarter worth about $1,324,961,000. GAMMA Investing LLC raised its position in shares of McDonald’s by 39,039.7% in the 1st quarter. GAMMA Investing LLC now owns 3,497,919 shares of the fast-food giant’s stock worth $1,092,645,000 after acquiring an additional 3,488,982 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of McDonald’s by 16.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,341,460 shares of the fast-food giant’s stock worth $2,917,993,000 after acquiring an additional 1,344,954 shares in the last quarter. Castlekeep Investment Advisors LLC bought a new position in shares of McDonald’s in the 4th quarter worth about $350,935,000. Finally, Northern Trust Corp raised its position in shares of McDonald’s by 11.2% in the 4th quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant’s stock worth $2,570,511,000 after acquiring an additional 895,896 shares in the last quarter. 70.29% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, EVP Desiree Ralls-Morrison sold 2,487 shares of the firm’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total value of $770,970.00. Following the transaction, the executive vice president owned 8,754 shares in the company, valued at $2,713,740. This trade represents a 22.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jonathan Banner sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total value of $310,000.00. Following the completion of the transaction, the executive vice president owned 99 shares in the company, valued at $30,690. This represents a 90.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,341 shares of company stock worth $2,229,327 over the last three months. Company insiders own 0.25% of the company’s stock.

Wall Street Analyst Weigh In

MCD has been the subject of several research analyst reports. Evercore ISI lifted their price objective on McDonald’s from $350.00 to $360.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. TD Securities restated a “hold” rating and issued a $305.00 target price on shares of McDonald’s in a research note on Thursday, June 5th. Loop Capital downgraded McDonald’s from a “buy” rating to a “hold” rating and reduced their target price for the company from $346.00 to $315.00 in a research note on Friday, June 6th. Stifel Nicolaus raised their target price on McDonald’s from $300.00 to $315.00 and gave the company a “hold” rating in a research note on Friday. Finally, Argus downgraded McDonald’s from a “buy” rating to a “hold” rating in a research note on Friday, June 13th. Thirteen analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $326.38.

McDonald’s Stock Performance

MCD stock opened at $313.8010 on Friday. The business has a 50-day simple moving average of $299.02 and a two-hundred day simple moving average of $305.72. The company has a market capitalization of $223.93 billion, a P/E ratio of 26.89, a price-to-earnings-growth ratio of 3.19 and a beta of 0.52. McDonald’s Corporation has a 52-week low of $276.53 and a 52-week high of $326.32.

McDonald’s (NYSE:MCD) last posted its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, beating analysts’ consensus estimates of $3.15 by $0.04. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The company had revenue of $6.84 billion for the quarter, compared to analyst estimates of $6.68 billion. During the same quarter last year, the company earned $2.97 earnings per share. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. As a group, sell-side analysts forecast that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be issued a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Tuesday, September 2nd. McDonald’s’s dividend payout ratio (DPR) is currently 60.67%.

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.