Brighton Jones LLC Raises Stock Holdings in McDonald’s Co. (NYSE:MCD)

Brighton Jones LLC raised its stake in McDonald’s Co. (NYSE:MCD) by 13.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,645 shares of the fast-food giant’s stock after purchasing an additional 896 shares during the period. Brighton Jones LLC’s holdings in McDonald’s were worth $2,156,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in McDonald’s by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 69,049,310 shares of the fast-food giant’s stock valued at $20,473,811,000 after purchasing an additional 599,745 shares during the last quarter. Norges Bank acquired a new stake in McDonald’s in the fourth quarter worth about $2,684,899,000. Price T Rowe Associates Inc. MD boosted its holdings in McDonald’s by 15.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,347,048 shares of the fast-food giant’s stock worth $2,178,474,000 after acquiring an additional 987,099 shares in the last quarter. Gallagher Fiduciary Advisors LLC boosted its holdings in McDonald’s by 141,160.9% in the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 5,613,710 shares of the fast-food giant’s stock worth $1,664,521,000 after acquiring an additional 5,609,736 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in McDonald’s by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,425,674 shares of the fast-food giant’s stock worth $1,589,073,000 after acquiring an additional 35,639 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the completion of the sale, the insider now directly owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Marion K. Gross sold 1,498 shares of the stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $248.26, for a total transaction of $371,893.48. Following the completion of the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $387,285.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the transaction, the insider now owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The disclosure for this sale can be found here. Insiders sold 5,593 shares of company stock valued at $1,472,518 in the last three months. 0.23% of the stock is currently owned by insiders.

Analysts Set New Price Targets

MCD has been the subject of several recent analyst reports. BMO Capital Markets lowered their price target on McDonald’s from $335.00 to $330.00 and set an “outperform” rating for the company in a report on Wednesday, May 1st. Morgan Stanley lowered their price target on McDonald’s from $312.00 to $300.00 and set an “overweight” rating for the company in a report on Thursday, July 11th. The Goldman Sachs Group began coverage on McDonald’s in a report on Thursday, June 13th. They set a “neutral” rating and a $288.00 target price for the company. KeyCorp decreased their target price on McDonald’s from $315.00 to $310.00 and set an “overweight” rating for the company in a report on Wednesday, May 1st. Finally, TD Cowen decreased their target price on McDonald’s from $305.00 to $285.00 and set a “buy” rating for the company in a report on Wednesday. Ten analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $309.82.

McDonald’s Price Performance

NYSE MCD traded down $2.24 during mid-day trading on Friday, hitting $257.28. The stock had a trading volume of 3,470,585 shares, compared to its average volume of 4,028,351. The firm’s 50 day moving average is $257.27 and its 200 day moving average is $275.13. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $302.39. The stock has a market capitalization of $185.42 billion, a price-to-earnings ratio of 21.84, a PEG ratio of 2.98 and a beta of 0.71.

McDonald’s (NYSE:MCD) last issued its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. The company had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.16 billion. During the same period last year, the business earned $2.63 earnings per share. The firm’s revenue was up 4.6% compared to the same quarter last year. As a group, equities research analysts expect that McDonald’s Co. will post 12.14 earnings per share for the current year.

McDonald’s Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date of this dividend was Monday, June 3rd. McDonald’s’s dividend payout ratio (DPR) is presently 56.71%.

McDonald’s Company Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.