Wrapmanager Inc. Has $1.21 Million Stock Position in McDonald’s Corporation $MCD

Wrapmanager Inc. lessened its stake in McDonald’s Corporation (NYSE:MCD) by 5.6% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 4,140 shares of the fast-food giant’s stock after selling 247 shares during the quarter. Wrapmanager Inc.’s holdings in McDonald’s were worth $1,210,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in MCD. Vanguard Group Inc. boosted its stake in McDonald’s by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 70,409,095 shares of the fast-food giant’s stock worth $21,993,689,000 after purchasing an additional 239,753 shares during the period. Geode Capital Management LLC raised its stake in shares of McDonald’s by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 16,828,420 shares of the fast-food giant’s stock valued at $4,901,595,000 after purchasing an additional 276,065 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of McDonald’s by 16.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,341,460 shares of the fast-food giant’s stock valued at $2,917,993,000 after purchasing an additional 1,344,954 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of McDonald’s by 1.1% in the first quarter. Northern Trust Corp now owns 8,965,159 shares of the fast-food giant’s stock valued at $2,800,447,000 after purchasing an additional 97,966 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of McDonald’s by 2.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,142,473 shares of the fast-food giant’s stock worth $1,606,354,000 after buying an additional 123,454 shares during the period. Institutional investors own 70.29% of the company’s stock.

McDonald’s Trading Up 0.1%

Shares of NYSE MCD opened at $307.11 on Friday. The company has a market capitalization of $218.71 billion, a P/E ratio of 26.32, a P/E/G ratio of 3.23 and a beta of 0.50. McDonald’s Corporation has a 12 month low of $276.53 and a 12 month high of $326.32. The stock has a 50 day moving average of $303.52 and a 200-day moving average of $304.78.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Wednesday, November 5th. The fast-food giant reported $3.22 EPS for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.11). The company had revenue of $7.08 billion for the quarter, compared to the consensus estimate of $7.10 billion. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period last year, the firm earned $3.23 earnings per share. Analysts predict that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be issued a $1.86 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $7.44 annualized dividend and a yield of 2.4%. This is an increase from McDonald’s’s previous quarterly dividend of $1.77. McDonald’s’s payout ratio is currently 63.48%.

Wall Street Analysts Forecast Growth

MCD has been the topic of a number of recent research reports. Citigroup dropped their target price on McDonald’s from $381.00 to $375.00 and set a “buy” rating on the stock in a research report on Tuesday, October 21st. Bank of America decreased their price target on shares of McDonald’s from $327.00 to $322.00 and set a “neutral” rating for the company in a research note on Friday, July 18th. Guggenheim cut their price objective on shares of McDonald’s from $310.00 to $295.00 and set a “neutral” rating on the stock in a research report on Friday, October 10th. Barclays reduced their target price on shares of McDonald’s from $362.00 to $358.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Finally, Mizuho upgraded shares of McDonald’s to a “hold” rating in a research note on Tuesday, October 28th. Eleven investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, McDonald’s presently has an average rating of “Hold” and an average price target of $323.91.

Insiders Place Their Bets

In other news, CMO Edith Morgan Flatley sold 1,000 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total transaction of $315,000.00. Following the transaction, the chief marketing officer owned 6,858 shares in the company, valued at approximately $2,160,270. This trade represents a 12.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jonathan Banner sold 1,000 shares of the business’s stock in a transaction 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 sale, the executive vice president owned 99 shares of the company’s stock, valued at $30,690. This trade represents a 90.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 15,134 shares of company stock worth $4,570,716 over the last three months. Insiders own 0.25% of the company’s stock.

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.