Garde Capital Inc. Buys 108 Shares of McDonald’s Corporation $MCD

Garde Capital Inc. raised its stake in shares of McDonald’s Corporation (NYSE:MCD) by 3.5% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 3,212 shares of the fast-food giant’s stock after purchasing an additional 108 shares during the quarter. Garde Capital Inc.’s holdings in McDonald’s were worth $939,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. First American Trust FSB raised its holdings in McDonald’s by 55.9% in the first quarter. First American Trust FSB now owns 36,917 shares of the fast-food giant’s stock worth $11,532,000 after purchasing an additional 13,234 shares during the period. Banque Transatlantique SA increased its position in shares of McDonald’s by 58.0% in the 1st quarter. Banque Transatlantique SA now owns 248,826 shares of the fast-food giant’s stock valued at $71,829,000 after buying an additional 91,313 shares in the last quarter. Hamilton Capital LLC raised its stake in McDonald’s by 35.2% during the 1st quarter. Hamilton Capital LLC now owns 3,145 shares of the fast-food giant’s stock worth $982,000 after buying an additional 819 shares during the period. Red Door Wealth Management LLC lifted its holdings in McDonald’s by 1.9% during the first quarter. Red Door Wealth Management LLC now owns 5,724 shares of the fast-food giant’s stock worth $1,788,000 after acquiring an additional 109 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in McDonald’s by 5.6% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 345,319 shares of the fast-food giant’s stock valued at $107,867,000 after acquiring an additional 18,393 shares during the period. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald’s Trading Down 1.0%

McDonald’s stock opened at $305.49 on Friday. McDonald’s Corporation has a 1-year low of $276.53 and a 1-year high of $326.32. The company has a fifty day simple moving average of $305.33 and a 200 day simple moving average of $306.59. The company has a market cap of $218.00 billion, a P/E ratio of 26.18, a price-to-earnings-growth ratio of 3.14 and a beta of 0.50.

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

McDonald’s Dividend Announcement

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

Insiders Place Their Bets

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 2,487 shares of the business’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total transaction of $770,970.00. Following the transaction, the executive vice president owned 8,754 shares of the company’s stock, valued at $2,713,740. The trade was a 22.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Edith Morgan Flatley sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total value of $315,000.00. Following the completion of the sale, the chief marketing officer directly owned 6,858 shares of the company’s stock, valued at approximately $2,160,270. The trade was a 12.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,341 shares of company stock worth $2,544,327. Company insiders own 0.25% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on MCD. Morgan Stanley boosted their price objective on McDonald’s from $324.00 to $326.00 and gave the company an “equal weight” rating in a research report on Monday, July 14th. TD Securities reiterated a “hold” rating and issued a $305.00 price target on shares of McDonald’s in a report on Thursday, June 5th. Guggenheim restated a “neutral” rating on shares of McDonald’s in a report on Friday, August 8th. Stifel Nicolaus boosted their price objective on shares of McDonald’s from $300.00 to $315.00 and gave the company a “hold” rating in a research report on Friday, August 22nd. Finally, The Goldman Sachs Group upgraded McDonald’s from a “neutral” rating to a “buy” rating and set a $345.00 target price for the company in a report on Thursday, July 10th. Eleven investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, McDonald’s presently has a consensus rating of “Hold” and an average target price of $325.14.

About McDonald’s

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.