879 Shares in McDonald’s Corporation $MCD Acquired by Swan Global Investments LLC

Swan Global Investments LLC purchased a new stake in McDonald’s Corporation (NYSE:MCD) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 879 shares of the fast-food giant’s stock, valued at approximately $257,000.

A number of other large investors have also recently bought and sold shares of the stock. First American Trust FSB boosted its position 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 valued at $11,532,000 after buying an additional 13,234 shares in the last quarter. Banque Transatlantique SA raised its stake in shares of McDonald’s by 58.0% in the first quarter. Banque Transatlantique SA now owns 248,826 shares of the fast-food giant’s stock valued at $71,829,000 after acquiring an additional 91,313 shares during the last quarter. Hamilton Capital LLC boosted its holdings in shares of McDonald’s by 35.2% in the 1st quarter. Hamilton Capital LLC now owns 3,145 shares of the fast-food giant’s stock worth $982,000 after acquiring an additional 819 shares in the last quarter. Welch Group LLC grew its position in McDonald’s by 1.1% during the 2nd quarter. Welch Group LLC now owns 206,004 shares of the fast-food giant’s stock worth $60,188,000 after acquiring an additional 2,180 shares during the last quarter. Finally, Red Door Wealth Management LLC grew its position in McDonald’s by 1.9% during the 1st 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 during the last quarter. 70.29% of the stock is currently owned by institutional investors.

McDonald’s Stock Up 0.9%

Shares of MCD stock opened at $308.02 on Monday. McDonald’s Corporation has a 12 month low of $276.53 and a 12 month high of $326.32. The firm has a market cap of $219.80 billion, a price-to-earnings ratio of 26.39, a PEG ratio of 3.25 and a beta of 0.50. The stock has a 50-day moving average price of $306.29 and a 200 day moving average price of $305.41.

McDonald’s (NYSE:MCD) last issued its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.04. The company had revenue of $6.84 billion for 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%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.97 EPS. Sell-side analysts predict that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were given a dividend of $1.77 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.3%. McDonald’s’s payout ratio is presently 60.67%.

Analyst Ratings Changes

Several equities analysts have issued reports on MCD shares. Barclays lifted their price objective on McDonald’s from $355.00 to $360.00 and gave the company an “overweight” rating in a research report on Thursday, August 7th. Evercore ISI lifted their price target on McDonald’s from $350.00 to $360.00 and gave the company an “outperform” rating in a report on Friday, August 8th. KeyCorp reiterated an “overweight” rating and set a $335.00 price target (up previously from $325.00) on shares of McDonald’s in a research report on Thursday, August 7th. BMO Capital Markets raised their price objective on shares of McDonald’s from $350.00 to $360.00 and gave the company an “outperform” rating in a research report on Thursday, September 4th. Finally, Wells Fargo & Company dropped their target price on shares of McDonald’s from $350.00 to $340.00 and set an “overweight” rating for the company in a research note on Thursday. Eleven equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, McDonald’s presently has an average rating of “Hold” and a consensus price target of $324.68.

Insider Buying and Selling

In related news, EVP Jonathan Banner sold 1,000 shares of the company’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total value of $310,000.00. Following the completion of the sale, the executive vice president owned 99 shares in the company, valued at approximately $30,690. This represents a 90.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction dated 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 in the company, valued at $2,780,165.67. The trade was a 9.19% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,402 shares of company stock worth $1,973,407. Company 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.