Creekmur Asset Management LLC Has $595,000 Holdings in McDonald’s Corporation (NYSE:MCD)

Creekmur Asset Management LLC lifted its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 50.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,905 shares of the fast-food giant’s stock after acquiring an additional 642 shares during the period. Creekmur Asset Management LLC’s holdings in McDonald’s were worth $595,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in MCD. Vanguard Group Inc. lifted its stake in McDonald’s by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 70,169,342 shares of the fast-food giant’s stock worth $20,341,391,000 after purchasing an additional 526,466 shares in the last quarter. Geode Capital Management LLC lifted its position in McDonald’s by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 16,074,438 shares of the fast-food giant’s stock valued at $4,652,768,000 after acquiring an additional 157,458 shares during the period. Capital Research Global Investors lifted its stake in shares of McDonald’s by 5.2% in the fourth quarter. Capital Research Global Investors now owns 10,652,445 shares of the fast-food giant’s stock worth $3,088,037,000 after buying an additional 531,070 shares in the last quarter. Norges Bank bought a new position in shares of McDonald’s in the fourth quarter worth approximately $2,725,190,000. Finally, Northern Trust Corp raised its holdings in shares of McDonald’s by 11.2% during the fourth quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant’s stock valued at $2,570,511,000 after purchasing an additional 895,896 shares during the last quarter. 70.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

MCD has been the topic of a number of recent research reports. Citigroup upped their price target on shares of McDonald’s from $364.00 to $365.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th. Redburn Atlantic reissued a “sell” rating and set a $260.00 price target (down from $319.00) on shares of McDonald’s in a research report on Tuesday, June 10th. Erste Group Bank cut shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Saturday, May 24th. Argus cut shares of McDonald’s from a “buy” rating to a “hold” rating in a research note on Friday, June 13th. Finally, The Goldman Sachs Group upgraded McDonald’s from a “neutral” rating to a “buy” rating and set a $345.00 price target on the stock in a report on Thursday, July 10th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $319.48.

McDonald’s Price Performance

Shares of MCD stock opened at $299.50 on Friday. The firm’s 50-day simple moving average is $302.83 and its 200-day simple moving average is $302.68. The firm has a market cap of $214.15 billion, a P/E ratio of 26.41, a PEG ratio of 3.12 and a beta of 0.53. McDonald’s Corporation has a 1-year low of $246.12 and a 1-year high of $326.32.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, hitting analysts’ consensus estimates of $2.67. The firm had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $6.17 billion. McDonald’s had a net margin of 31.75% and a negative return on equity of 195.27%. The firm’s revenue was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.70 earnings per share. Analysts expect that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a dividend of $1.77 per share. The ex-dividend date was Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.36%. McDonald’s’s payout ratio is currently 62.49%.

Insider Buying and Selling

In related news, CMO Edith Morgan Flatley sold 1,000 shares of McDonald’s stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $300.00, for a total value of $300,000.00. Following the completion of the sale, the chief marketing officer directly owned 8,858 shares in the company, valued at $2,657,400. This trade represents a 10.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of the firm’s stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $288.52, for a total value of $270,920.28. Following the sale, the insider directly owned 10,222 shares in the company, valued at approximately $2,949,251.44. This represents a 8.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,817 shares of company stock valued at $1,165,843 in the last ninety days. Company insiders own 0.25% of the company’s stock.

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.