BTR Capital Management Inc. lifted its position in McDonald's Co. (NYSE:MCD) by 11.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,634 shares of the fast-food giant’s stock after acquiring an additional 700 shares during the period. BTR Capital Management Inc.’s holdings in McDonald's were worth $1,456,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Bank of New York Mellon Corp raised its position in shares of McDonald's by 15.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 8,308,005 shares of the fast-food giant’s stock valued at $1,532,576,000 after acquiring an additional 1,096,425 shares during the period. Morgan Stanley raised its position in shares of McDonald's by 2.2% in the 1st quarter. Morgan Stanley now owns 8,019,771 shares of the fast-food giant’s stock valued at $1,326,069,000 after acquiring an additional 169,921 shares during the period. Capital Research Global Investors raised its position in shares of McDonald's by 1.1% in the 1st quarter. Capital Research Global Investors now owns 5,795,881 shares of the fast-food giant’s stock valued at $958,350,000 after acquiring an additional 61,157 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of McDonald's by 33.8% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 4,529,724 shares of the fast-food giant’s stock valued at $835,598,000 after acquiring an additional 1,144,343 shares during the period. Finally, California Public Employees Retirement System raised its holdings in McDonald's by 4.0% during the 2nd quarter. California Public Employees Retirement System now owns 4,458,824 shares of the fast-food giant’s stock worth $822,519,000 after buying an additional 171,403 shares during the period. Institutional investors and hedge funds own 66.07% of the company’s stock.

NYSE:MCD opened at $229.37 on Friday. McDonald's Co. has a 1-year low of $124.23 and a 1-year high of $231.91. The firm has a fifty day simple moving average of $219.28 and a 200 day simple moving average of $196.08. The stock has a market capitalization of $170.67 billion, a PE ratio of 36.35, a P/E/G ratio of 5.25 and a beta of 0.67.

McDonald's (NYSE:MCD) last released its earnings results on Tuesday, July 28th. The fast-food giant reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.10). McDonald's had a net margin of 24.78% and a negative return on equity of 52.78%. The firm had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.73 billion. During the same period in the prior year, the business posted $2.05 earnings per share. McDonald's’s quarterly revenue was down 29.6% compared to the same quarter last year. Research analysts predict that McDonald's Co. will post 5.96 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be given a dividend of $1.29 per share. This represents a $5.16 dividend on an annualized basis and a yield of 2.25%. This is a boost from McDonald's’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend is Monday, November 30th. McDonald's’s payout ratio is 63.78%.

Several analysts have commented on MCD shares. Stifel Nicolaus raised their target price on shares of McDonald's from $182.00 to $195.00 and gave the stock a “hold” rating in a report on Tuesday, July 28th. KeyCorp raised their target price on shares of McDonald's from $215.00 to $225.00 and gave the stock an “overweight” rating in a report on Tuesday, August 18th. Wells Fargo & Company raised their target price on shares of McDonald's from $222.00 to $244.00 and gave the stock an “overweight” rating in a report on Thursday, October 1st. BTIG Research raised their target price on shares of McDonald's from $220.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, October 9th. Finally, SVB Leerink assumed coverage on shares of McDonald's in a report on Friday, July 24th. They set a “hold” rating on the stock. Eight equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. McDonald's currently has an average rating of “Buy” and a consensus target price of $222.43.

About McDonald's

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products and beverages, as well as breakfast menu. As of December 31, 2019, the company operated 38,695 restaurants. McDonald's Corporation was founded in 1940 and is based in Chicago, Illinois.

See Also: Why are trading ranges significant?

Want to see what other hedge funds are holding MCD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for McDonald's Co. (NYSE:MCD).

Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

Receive News & Ratings for McDonald's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDonald's and related companies with MarketBeat.com's FREE daily email newsletter.