Jupiter Asset Management Ltd. Has $405,000 Stock Holdings in McDonald’s Co. (NYSE:MCD)

Jupiter Asset Management Ltd. raised its stake in shares of McDonald’s Co. (NYSE:MCD) by 6.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,755 shares of the fast-food giant’s stock after purchasing an additional 107 shares during the period. Jupiter Asset Management Ltd.’s holdings in McDonald’s were worth $405,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Ironwood Wealth Management LLC. boosted its position in shares of McDonald’s by 17.9% in the first quarter. Ironwood Wealth Management LLC. now owns 3,261 shares of the fast-food giant’s stock valued at $731,000 after acquiring an additional 496 shares during the period. Avidian Wealth Solutions LLC boosted its position in shares of McDonald’s by 4.9% in the first quarter. Avidian Wealth Solutions LLC now owns 4,765 shares of the fast-food giant’s stock valued at $1,068,000 after acquiring an additional 222 shares during the period. Lakeview Capital Partners LLC boosted its position in shares of McDonald’s by 1.9% in the first quarter. Lakeview Capital Partners LLC now owns 2,318 shares of the fast-food giant’s stock valued at $520,000 after acquiring an additional 43 shares during the period. Adviser Investments LLC boosted its position in shares of McDonald’s by 26.9% in the first quarter. Adviser Investments LLC now owns 28,671 shares of the fast-food giant’s stock valued at $6,426,000 after acquiring an additional 6,069 shares during the period. Finally, Strategic Advisors LLC boosted its position in shares of McDonald’s by 7.1% in the first quarter. Strategic Advisors LLC now owns 3,141 shares of the fast-food giant’s stock valued at $704,000 after acquiring an additional 207 shares during the period. Institutional investors own 66.34% of the company’s stock.

Shares of NYSE:MCD opened at $241.13 on Wednesday. McDonald’s Co. has a twelve month low of $202.73 and a twelve month high of $247.05. The firm has a market cap of $180.08 billion, a PE ratio of 26.24, a price-to-earnings-growth ratio of 2.36 and a beta of 0.63. The business has a fifty day moving average of $237.97 and a 200-day moving average of $232.04.

McDonald’s (NYSE:MCD) last announced its earnings results on Tuesday, July 27th. The fast-food giant reported $2.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.11 by $0.26. McDonald’s had a negative return on equity of 83.98% and a net margin of 31.72%. The company had revenue of $5.89 billion during the quarter, compared to analyst estimates of $5.63 billion. During the same period last year, the company posted $0.66 earnings per share. On average, analysts predict that McDonald’s Co. will post 9 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 15th. Investors of record on Wednesday, September 1st will be given a $1.29 dividend. The ex-dividend date is Tuesday, August 31st. This represents a $5.16 dividend on an annualized basis and a yield of 2.14%. McDonald’s’s payout ratio is 85.29%.

In related news, SVP Catherine A. Hoovel sold 2,493 shares of McDonald’s stock in a transaction dated Thursday, July 29th. The stock was sold at an average price of $243.45, for a total value of $606,920.85. Following the completion of the sale, the senior vice president now directly owns 3,384 shares in the company, valued at $823,834.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Kevin M. Ozan sold 47,649 shares of McDonald’s stock in a transaction dated Thursday, July 29th. The stock was sold at an average price of $243.90, for a total value of $11,621,591.10. Following the completion of the sale, the chief financial officer now owns 32,483 shares of the company’s stock, valued at $7,922,603.70. The disclosure for this sale can be found here. 0.18% of the stock is owned by company insiders.

MCD has been the subject of several research reports. Cowen increased their price objective on McDonald’s from $265.00 to $270.00 and gave the company an “outperform” rating in a research report on Thursday, July 29th. Deutsche Bank Aktiengesellschaft raised their target price on McDonald’s from $253.00 to $264.00 and gave the stock a “buy” rating in a research report on Thursday, July 29th. Stifel Nicolaus raised their target price on McDonald’s from $240.00 to $245.00 and gave the stock a “hold” rating in a research report on Thursday, July 29th. Stephens raised their target price on McDonald’s from $245.00 to $260.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 29th. Finally, Guggenheim assumed coverage on McDonald’s in a research report on Monday, July 26th. They issued a “buy” rating and a $270.00 target price for the company. Seven investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $256.72.

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 in the United States. The International Operated Markets segment comprises operations and franchising of restaurant in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the U.K.

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

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