Evelyn Partners Investment Management Services Ltd Boosts Position in McDonald’s Corporation $MCD

Evelyn Partners Investment Management Services Ltd raised its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 8,016.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 57,223 shares of the fast-food giant’s stock after acquiring an additional 56,518 shares during the period. McDonald’s makes up about 1.8% of Evelyn Partners Investment Management Services Ltd’s portfolio, making the stock its 16th biggest position. Evelyn Partners Investment Management Services Ltd’s holdings in McDonald’s were worth $17,332,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. First American Trust FSB increased its position in shares of McDonald’s by 55.9% during 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 in the last quarter. Banque Transatlantique SA boosted its stake in McDonald’s by 58.0% during the 1st quarter. Banque Transatlantique SA now owns 248,826 shares of the fast-food giant’s stock worth $71,829,000 after purchasing an additional 91,313 shares during the last quarter. Hamilton Capital LLC grew its holdings in shares of McDonald’s by 35.2% during the first 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 in the last quarter. Welch Group LLC raised its position in shares of McDonald’s by 1.1% in the second quarter. Welch Group LLC now owns 206,004 shares of the fast-food giant’s stock valued at $60,188,000 after buying an additional 2,180 shares during the last quarter. Finally, Banque Cantonale Vaudoise purchased a new position in shares of McDonald’s in the first quarter worth about $8,444,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Price Performance

Shares of McDonald’s stock opened at $309.00 on Friday. The stock has a market capitalization of $220.06 billion, a price-to-earnings ratio of 26.48, a price-to-earnings-growth ratio of 3.23 and a beta of 0.50. The business has a 50-day moving average of $302.96 and a 200 day moving average of $304.36. McDonald’s Corporation has a 12 month low of $276.53 and a 12 month 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 business had revenue of $7.08 billion for the quarter, compared to analyst estimates of $7.10 billion. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the prior year, the company posted $3.23 EPS. Equities research analysts anticipate that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Increases Dividend

The business also recently disclosed 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. This is an increase from McDonald’s’s previous quarterly dividend of $1.77. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, December 1st. McDonald’s’s dividend payout ratio is currently 63.48%.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 3,195 shares of McDonald’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $305.82, for a total value of $977,094.90. Following the completion of the transaction, the insider directly owned 6,088 shares in the company, valued at approximately $1,861,832.16. This trade represents a 34.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Ian Frederick Borden sold 17,134 shares of the stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $310.00, for a total value of $5,311,540.00. Following the completion of the sale, the chief financial officer directly owned 26,353 shares in the company, valued at $8,169,430. This represents a 39.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 34,463 shares of company stock valued at $10,549,351 in the last three months. 0.25% of the stock is currently owned by insiders.

Analyst Ratings Changes

MCD has been the subject of a number of analyst reports. Wells Fargo & Company upped their price target on McDonald’s from $340.00 to $345.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. Citigroup cut their target price on McDonald’s from $381.00 to $375.00 and set a “buy” rating for the company in a research note on Tuesday, October 21st. Morgan Stanley set a $335.00 price target on shares of McDonald’s in a research report on Friday, October 17th. Evercore ISI raised their price objective on shares of McDonald’s from $350.00 to $360.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. Finally, Barclays reduced their target price on shares of McDonald’s from $362.00 to $358.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Eleven analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, McDonald’s currently has a consensus rating of “Hold” and a consensus price target of $324.57.

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.