McDonald’s Corporation (NYSE:MCD) Shares Acquired by Physicians Financial Services Inc.

Physicians Financial Services Inc. raised its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 0.6% in the 1st quarter, HoldingsChannel reports. The fund owned 20,387 shares of the fast-food giant’s stock after buying an additional 125 shares during the quarter. McDonald’s accounts for approximately 2.1% of Physicians Financial Services Inc.’s investment portfolio, making the stock its 11th biggest holding. Physicians Financial Services Inc.’s holdings in McDonald’s were worth $6,368,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in MCD. Brighton Jones LLC boosted its position in shares of McDonald’s by 21.6% during the 4th quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant’s stock worth $2,692,000 after acquiring an additional 1,649 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of McDonald’s by 2.8% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant’s stock valued at $563,000 after purchasing an additional 52 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its holdings in shares of McDonald’s by 15.3% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 209,464 shares of the fast-food giant’s stock valued at $60,722,000 after purchasing an additional 27,774 shares during the last quarter. GHE LLC lifted its holdings in shares of McDonald’s by 0.9% in the 4th quarter. GHE LLC now owns 14,677 shares of the fast-food giant’s stock valued at $4,255,000 after purchasing an additional 136 shares during the last quarter. Finally, New Age Alpha Advisors LLC lifted its holdings in shares of McDonald’s by 6,396.9% in the 4th quarter. New Age Alpha Advisors LLC now owns 4,158 shares of the fast-food giant’s stock valued at $1,205,000 after purchasing an additional 4,094 shares during the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on MCD shares. Morgan Stanley boosted their target price on McDonald’s from $324.00 to $326.00 and gave the company an “equal weight” rating in a report on Monday, July 14th. The Goldman Sachs Group raised 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. Citigroup boosted their target price on McDonald’s from $364.00 to $365.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. Robert W. Baird boosted their target price on McDonald’s from $300.00 to $315.00 and gave the company a “neutral” rating in a report on Friday, May 2nd. Finally, Barclays boosted their target price on McDonald’s from $347.00 to $355.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, McDonald’s currently has an average rating of “Hold” and a consensus price target of $322.00.

McDonald’s Trading Up 1.3%

Shares of MCD opened at $298.25 on Monday. The firm’s 50-day moving average is $301.00 and its two-hundred day moving average is $303.13. McDonald’s Corporation has a twelve month low of $250.23 and a twelve month high of $326.32. The firm has a market capitalization of $213.26 billion, a P/E ratio of 26.32, a PEG ratio of 3.12 and a beta of 0.53.

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

McDonald’s Dividend Announcement

The company also recently disclosed 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 2.37%. The ex-dividend date is Tuesday, September 2nd. McDonald’s’s payout ratio is currently 62.49%.

Insider Activity at McDonald’s

In related news, CMO Edith Morgan Flatley sold 1,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief marketing officer directly owned 8,858 shares of the company’s stock, valued at $2,657,400. This trade represents a 10.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of the firm’s stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total value of $281,221.11. Following the completion of the transaction, the insider directly owned 9,283 shares of the company’s stock, valued at $2,780,165.67. The trade was a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,817 shares of company stock valued at $1,147,992 over the last ninety days. 0.25% of the stock is currently owned by company insiders.

McDonald’s 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.