Stone House Investment Management LLC Takes $119,000 Position in McDonald’s Corporation (NYSE:MCD)

Stone House Investment Management LLC bought a new stake in McDonald’s Corporation (NYSE:MCD) during the 1st quarter, HoldingsChannel reports. The fund bought 380 shares of the fast-food giant’s stock, valued at approximately $119,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC grew its holdings in shares of McDonald’s by 21.6% in the fourth quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant’s stock worth $2,692,000 after purchasing an additional 1,649 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of McDonald’s by 2.8% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant’s stock worth $563,000 after purchasing an additional 52 shares during the last quarter. Bank Pictet & Cie Europe AG grew its holdings in shares of McDonald’s by 15.3% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 209,464 shares of the fast-food giant’s stock worth $60,722,000 after purchasing an additional 27,774 shares during the last quarter. GHE LLC grew its holdings in shares of McDonald’s by 0.9% in the fourth quarter. GHE LLC now owns 14,677 shares of the fast-food giant’s stock worth $4,255,000 after purchasing an additional 136 shares during the last quarter. Finally, Seeds Investor LLC grew its holdings in shares of McDonald’s by 11.6% in the fourth quarter. Seeds Investor LLC now owns 1,064 shares of the fast-food giant’s stock worth $308,000 after purchasing an additional 111 shares during the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Activity at McDonald’s

In other McDonald’s news, CMO Edith Morgan Flatley sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $300.00, for a total transaction of $300,000.00. Following the completion of the transaction, the chief marketing officer directly owned 8,858 shares of the company’s stock, valued at approximately $2,657,400. This trade represents a 10.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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 transaction, the insider directly owned 9,283 shares of the company’s stock, valued at $2,780,165.67. This represents a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,280 shares of company stock valued at $2,215,178 in the last three months. 0.25% of the stock is owned by insiders.

McDonald’s Stock Down 0.3%

Shares of McDonald’s stock opened at $304.39 on Tuesday. The firm has a market capitalization of $217.21 billion, a P/E ratio of 26.08, a PEG ratio of 3.12 and a beta of 0.52. The company has a 50 day moving average price of $298.39 and a 200 day moving average price of $304.76. McDonald’s Corporation has a 52 week low of $265.33 and a 52 week high of $326.32.

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

McDonald’s Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be given a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 2nd. McDonald’s’s dividend payout ratio (DPR) is presently 60.67%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MCD. Barclays upped their price target on shares of McDonald’s from $355.00 to $360.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. Melius began coverage on shares of McDonald’s in a report on Monday, July 14th. They issued a “sell” rating and a $250.00 price target on the stock. Morgan Stanley upped their price target on shares of McDonald’s from $324.00 to $326.00 and gave the stock an “equal weight” rating in a report on Monday, July 14th. TD Cowen upped their price target on shares of McDonald’s from $305.00 to $315.00 and gave the stock a “hold” rating in a report on Wednesday, August 6th. Finally, Argus cut shares of McDonald’s from a “buy” rating to a “hold” rating in a report on Friday, June 13th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $326.87.

McDonald’s Company 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.