Stonebrook Private Inc. Has $3.18 Million Holdings in McDonald’s Corporation $MCD

Stonebrook Private Inc. boosted its stake in shares of McDonald’s Corporation (NYSE:MCD) by 6.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,855 shares of the fast-food giant’s stock after purchasing an additional 655 shares during the quarter. Stonebrook Private Inc.’s holdings in McDonald’s were worth $3,176,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of MCD. Nuveen LLC bought a new position in McDonald’s in the first quarter worth $1,324,961,000. Price T Rowe Associates Inc. MD grew its stake in shares of McDonald’s by 16.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,341,460 shares of the fast-food giant’s stock valued at $2,917,993,000 after purchasing an additional 1,344,954 shares during the period. Vanguard Group Inc. raised its holdings in shares of McDonald’s by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 71,331,031 shares of the fast-food giant’s stock worth $20,840,787,000 after buying an additional 921,936 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of McDonald’s by 19.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,982,825 shares of the fast-food giant’s stock worth $1,556,485,000 after buying an additional 815,768 shares during the period. Finally, T. Rowe Price Investment Management Inc. boosted its stake in McDonald’s by 732.6% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 650,544 shares of the fast-food giant’s stock valued at $203,211,000 after buying an additional 572,408 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

Analysts Set New Price Targets

MCD has been the subject of several recent analyst reports. JPMorgan Chase & Co. increased their price objective on McDonald’s from $305.00 to $310.00 and gave the stock an “overweight” rating in a research note on Thursday, August 7th. Morgan Stanley set a $335.00 price target on shares of McDonald’s in a research report on Friday, October 17th. Guggenheim dropped their price objective on shares of McDonald’s from $310.00 to $295.00 and set a “neutral” rating for the company in a report on Friday, October 10th. Wells Fargo & Company lifted their target price on shares of McDonald’s from $340.00 to $345.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. Finally, Evercore ISI increased their price target on McDonald’s from $350.00 to $360.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. Eleven equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, McDonald’s has a consensus rating of “Hold” and a consensus price target of $323.91.

McDonald’s Stock Performance

Shares of MCD opened at $304.83 on Wednesday. The business’s fifty day moving average price is $303.05 and its two-hundred day moving average price is $304.42. The firm has a market capitalization of $217.08 billion, a price-to-earnings ratio of 26.12, a PEG ratio of 3.23 and a beta of 0.50. McDonald’s Corporation has a 52 week low of $276.53 and a 52 week high of $326.32.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.33 by ($0.11). The firm had revenue of $7.08 billion for the quarter, compared to analyst estimates of $7.10 billion. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. The company’s revenue was up 3.0% compared to the same quarter last year. During the same period last year, the company earned $3.23 EPS. As a group, research analysts forecast that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a dividend of $1.86 per share. The ex-dividend date is Monday, December 1st. This represents a $7.44 annualized dividend and a dividend yield of 2.4%. This is a positive change from McDonald’s’s previous quarterly dividend of $1.77. McDonald’s’s dividend payout ratio is presently 63.48%.

Insider Buying and Selling

In related news, EVP Manuel Jm Steijaert sold 13,134 shares of the stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $300.42, for a total value of $3,945,716.28. Following the transaction, the executive vice president directly owned 4,606 shares in the company, valued at $1,383,734.52. This represents a 74.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CMO Edith Morgan Flatley sold 1,000 shares of McDonald’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total transaction of $315,000.00. Following the sale, the chief marketing officer directly owned 6,858 shares of the company’s stock, valued at $2,160,270. This represents a 12.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 17,329 shares of company stock valued at $5,237,811 over the last ninety days. Insiders own 0.25% of the company’s stock.

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.