Capital Wealth Planning LLC Grows Stake in McDonald’s Co. (NYSE:MCD)

Capital Wealth Planning LLC grew its holdings in McDonald’s Co. (NYSE:MCD) by 1.1% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 1,538,043 shares of the fast-food giant’s stock after acquiring an additional 16,794 shares during the quarter. McDonald’s comprises 4.6% of Capital Wealth Planning LLC’s investment portfolio, making the stock its 11th biggest holding. Capital Wealth Planning LLC’s holdings in McDonald’s were worth $433,651,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in MCD. Dixon Mitchell Investment Counsel Inc. purchased a new position in shares of McDonald’s in the 1st quarter valued at about $28,000. Signature Resources Capital Management LLC purchased a new position in McDonald’s during the 4th quarter worth approximately $31,000. Clear Investment Research LLC purchased a new position in McDonald’s during the 4th quarter worth approximately $38,000. Keener Financial Planning LLC purchased a new position in McDonald’s during the 4th quarter worth approximately $39,000. Finally, Atlantic Edge Private Wealth Management LLC purchased a new position in McDonald’s during the 4th quarter worth approximately $39,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on MCD. Stifel Nicolaus dropped their price target on McDonald’s from $315.00 to $300.00 and set a “hold” rating on the stock in a research note on Thursday, April 11th. The Goldman Sachs Group began coverage on McDonald’s in a research note on Thursday, June 13th. They set a “neutral” rating and a $288.00 price target on the stock. JPMorgan Chase & Co. dropped their price target on McDonald’s from $300.00 to $290.00 and set an “overweight” rating on the stock in a research note on Wednesday. Bank of America dropped their price target on McDonald’s from $302.00 to $288.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 28th. Finally, Guggenheim lowered their target price on McDonald’s from $315.00 to $280.00 and set a “buy” rating on the stock in a research note on Tuesday, July 2nd. Ten research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $312.11.

McDonald’s Stock Performance

MCD stock traded down $0.90 during midday trading on Friday, hitting $253.90. 4,543,006 shares of the stock were exchanged, compared to its average volume of 3,683,319. The stock’s 50-day moving average price is $258.50 and its 200-day moving average price is $276.33. The stock has a market cap of $182.98 billion, a price-to-earnings ratio of 21.55, a PEG ratio of 2.87 and a beta of 0.71. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $302.39.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.71 by ($0.01). The firm had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.16 billion. McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.63 earnings per share. Research analysts anticipate that McDonald’s Co. will post 12.17 EPS for the current year.

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were issued a dividend of $1.67 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $6.68 annualized dividend and a yield of 2.63%. McDonald’s’s dividend payout ratio is presently 56.71%.

Insider Buying and Selling

In other McDonald’s news, EVP Jonathan Banner sold 800 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $275.02, for a total transaction of $220,016.00. Following the completion of the transaction, the executive vice president now owns 19 shares of the company’s stock, valued at $5,225.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 transaction of $303,750.72. Following the completion of the transaction, the insider now owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jonathan Banner sold 800 shares of McDonald’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $275.02, for a total value of $220,016.00. Following the completion of the sale, the executive vice president now directly owns 19 shares of the company’s stock, valued at approximately $5,225.38. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,593 shares of company stock valued at $1,472,518. 0.23% of the stock is owned by insiders.

McDonald’s 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.