Anchor Investment Management LLC Has $4.67 Million Stake in McDonald’s Corporation $MCD

Anchor Investment Management LLC increased its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 0.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,940 shares of the fast-food giant’s stock after purchasing an additional 122 shares during the period. Anchor Investment Management LLC’s holdings in McDonald’s were worth $4,667,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Mascagni Wealth Management Inc. bought a new position in McDonald’s in the fourth quarter valued at approximately $25,000. HFM Investment Advisors LLC acquired a new stake in shares of McDonald’s during the first quarter worth $26,000. Pinney & Scofield Inc. bought a new stake in McDonald’s in the 4th quarter valued at $29,000. Abound Financial LLC bought a new stake in McDonald’s in the 1st quarter valued at $30,000. Finally, Copia Wealth Management acquired a new position in McDonald’s in the 4th quarter worth $31,000. 70.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on MCD. BMO Capital Markets lifted their price target on McDonald’s from $350.00 to $360.00 and gave the company an “outperform” rating in a research note on Thursday, September 4th. Guggenheim reiterated a “neutral” rating on shares of McDonald’s in a report on Friday, August 8th. Evercore ISI lifted their target price on McDonald’s from $350.00 to $360.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. Erste Group Bank downgraded McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Saturday, May 24th. Finally, Melius assumed coverage on shares of McDonald’s in a research note on Monday, July 14th. They set a “sell” rating and a $250.00 price target for the company. Eleven investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, McDonald’s presently has a consensus rating of “Hold” and an average target price of $325.14.

Insider Activity at McDonald’s

In related news, EVP Jonathan Banner sold 1,000 shares of the company’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total value of $310,000.00. Following the transaction, the executive vice president owned 99 shares in the company, valued at approximately $30,690. This represents a 90.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of the firm’s stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total transaction of $281,221.11. Following the sale, the insider owned 9,283 shares of the company’s stock, valued at $2,780,165.67. This trade represents a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,341 shares of company stock worth $2,544,327. 0.25% of the stock is currently owned by corporate insiders.

McDonald’s Stock Performance

Shares of NYSE:MCD opened at $312.63 on Wednesday. The company has a 50-day simple moving average of $304.57 and a 200 day simple moving average of $306.61. The company has a market capitalization of $223.09 billion, a P/E ratio of 26.79, a price-to-earnings-growth ratio of 3.19 and a beta of 0.49. McDonald’s Corporation has a 52-week low of $276.53 and a 52-week high of $326.32.

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

McDonald’s Dividend Announcement

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 paid a dividend of $1.77 per share. 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.