1,290 Shares in McDonald’s Co. (NYSE:MCD) Acquired by RHS Financial LLC

RHS Financial LLC bought a new stake in shares of McDonald’s Co. (NYSE:MCDGet Rating) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,290 shares of the fast-food giant’s stock, valued at approximately $319,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in McDonald’s by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 67,004,180 shares of the fast-food giant’s stock valued at $16,568,793,000 after buying an additional 1,039,187 shares during the last quarter. BlackRock Inc. grew its position in shares of McDonald’s by 4.5% during the 4th quarter. BlackRock Inc. now owns 52,918,755 shares of the fast-food giant’s stock valued at $14,185,930,000 after acquiring an additional 2,294,758 shares during the period. State Street Corp grew its position in shares of McDonald’s by 2.9% during the 4th quarter. State Street Corp now owns 36,973,382 shares of the fast-food giant’s stock valued at $9,911,455,000 after acquiring an additional 1,033,751 shares during the period. Norges Bank bought a new stake in shares of McDonald’s during the 4th quarter valued at $2,060,325,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of McDonald’s by 2.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,117,531 shares of the fast-food giant’s stock valued at $1,265,463,000 after acquiring an additional 108,282 shares during the period. 67.27% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MCD has been the subject of a number of recent research reports. Citigroup boosted their price objective on shares of McDonald’s from $266.00 to $275.00 and gave the company a “neutral” rating in a research report on Wednesday, July 27th. Cowen boosted their price objective on shares of McDonald’s from $275.00 to $290.00 and gave the company an “outperform” rating in a research report on Wednesday, July 27th. KeyCorp boosted their price objective on shares of McDonald’s from $285.00 to $290.00 and gave the company an “overweight” rating in a research report on Wednesday, July 27th. Guggenheim upped their target price on shares of McDonald’s to $290.00 and gave the stock an “outperform” rating in a report on Wednesday, July 27th. Finally, BMO Capital Markets upped their target price on shares of McDonald’s from $285.00 to $300.00 and gave the stock an “outperform” rating in a report on Tuesday, August 16th. Seven analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $285.39.

McDonald’s Stock Down 0.2 %

McDonald’s stock traded down $0.46 during midday trading on Friday, reaching $247.48. The stock had a trading volume of 44,885 shares, compared to its average volume of 2,372,805. McDonald’s Co. has a 52-week low of $217.68 and a 52-week high of $271.15. The firm has a market cap of $182.08 billion, a price-to-earnings ratio of 30.59, a price-to-earnings-growth ratio of 3.05 and a beta of 0.57. The company has a fifty day moving average of $258.22 and a 200 day moving average of $249.50.

McDonald’s (NYSE:MCDGet Rating) last issued its earnings results on Tuesday, July 26th. The fast-food giant reported $2.55 EPS for the quarter, topping analysts’ consensus estimates of $2.47 by $0.08. The business had revenue of $5.72 billion for the quarter, compared to analyst estimates of $5.82 billion. McDonald’s had a net margin of 25.77% and a negative return on equity of 129.90%. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period last year, the company posted $2.37 earnings per share. Equities research analysts predict that McDonald’s Co. will post 9.83 EPS for the current year.

McDonald’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Thursday, September 1st were issued a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend was Wednesday, August 31st. McDonald’s’s dividend payout ratio is presently 67.98%.

Insider Buying and Selling

In other McDonald’s news, Chairman Enrique Hernandez, Jr. sold 4,500 shares of the firm’s stock in a transaction on Friday, July 29th. The shares were sold at an average price of $264.02, for a total value of $1,188,090.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Chairman Enrique Hernandez, Jr. sold 4,500 shares of the stock in a transaction on Friday, July 29th. The shares were sold at an average price of $264.02, for a total value of $1,188,090.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Ian Frederick Borden sold 5,320 shares of the business’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $265.00, for a total value of $1,409,800.00. Following the completion of the transaction, the insider now directly owns 7,131 shares of the company’s stock, valued at approximately $1,889,715. The disclosure for this sale can be found here. Insiders sold 20,191 shares of company stock worth $5,250,365 in the last three months. Corporate insiders own 0.25% of the company’s stock.

About McDonald’s

(Get Rating)

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer hamburgers and cheeseburgers, chicken sandwiches and nuggets, wraps, fries, salads, oatmeal, shakes, desserts, sundaes, soft serve cones, bakery items, soft drinks, coffee, and beverages and other beverages, as well as breakfast menu, including biscuit and bagel sandwiches, breakfast burritos, hotcakes, and other sandwiches.

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

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