Dynamic Advisor Solutions LLC Purchases 3,696 Shares of McDonald’s Co. (NYSE:MCD)

Dynamic Advisor Solutions LLC raised its position in shares of McDonald’s Co. (NYSE:MCD) by 22.2% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,322 shares of the fast-food giant’s stock after purchasing an additional 3,696 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in McDonald’s were worth $4,694,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Twin Lakes Capital Management LLC purchased a new position in shares of McDonald’s in the first quarter worth approximately $30,000. Disciplined Investments LLC boosted its holdings in shares of McDonald’s by 175.4% in the second quarter. Disciplined Investments LLC now owns 157 shares of the fast-food giant’s stock worth $36,000 after buying an additional 100 shares during the last quarter. Isthmus Partners LLC purchased a new position in shares of McDonald’s in the second quarter worth approximately $46,000. Baldrige Asset Management LLC purchased a new position in shares of McDonald’s in the second quarter worth approximately $47,000. Finally, Lake Point Wealth Management purchased a new position in shares of McDonald’s in the second quarter worth approximately $47,000. 66.34% of the stock is currently owned by hedge funds and other institutional investors.

In other news, SVP Catherine A. Hoovel sold 2,493 shares of the stock in a transaction that occurred on Thursday, July 29th. The stock was sold at an average price of $243.45, for a total transaction of $606,920.85. Following the transaction, the senior vice president now owns 3,384 shares in the company, valued at approximately $823,834.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Kevin M. Ozan sold 47,649 shares of the stock in a transaction that occurred on Thursday, July 29th. The shares were sold at an average price of $243.90, for a total value of $11,621,591.10. Following the transaction, the chief financial officer now owns 32,483 shares in the company, valued at approximately $7,922,603.70. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by corporate insiders.

Shares of MCD traded down $1.31 during mid-day trading on Wednesday, hitting $239.82. 36,843 shares of the company traded hands, compared to its average volume of 2,719,415. McDonald’s Co. has a 1-year low of $202.73 and a 1-year high of $247.05. The company has a market capitalization of $179.10 billion, a PE ratio of 26.24, a price-to-earnings-growth ratio of 2.36 and a beta of 0.63. The business has a 50 day moving average of $237.97 and a 200 day moving average of $232.04.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Tuesday, July 27th. The fast-food giant reported $2.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.11 by $0.26. McDonald’s had a net margin of 31.72% and a negative return on equity of 83.98%. The company had revenue of $5.89 billion for the quarter, compared to the consensus estimate of $5.63 billion. During the same quarter in the prior year, the company earned $0.66 EPS. On average, sell-side analysts predict that McDonald’s Co. will post 9 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 15th. Investors of record on Wednesday, September 1st will be issued a $1.29 dividend. The ex-dividend date is Tuesday, August 31st. This represents a $5.16 annualized dividend and a yield of 2.15%. McDonald’s’s dividend payout ratio (DPR) is presently 85.29%.

A number of equities analysts recently issued reports on MCD shares. Wells Fargo & Company raised their price objective on shares of McDonald’s from $268.00 to $269.00 and gave the stock an “overweight” rating in a report on Thursday, July 29th. Cowen raised their price objective on shares of McDonald’s from $265.00 to $270.00 and gave the stock an “outperform” rating in a report on Thursday, July 29th. Stifel Nicolaus lifted their price target on shares of McDonald’s from $240.00 to $245.00 and gave the company a “hold” rating in a report on Thursday, July 29th. Argus lifted their price target on shares of McDonald’s from $260.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, July 29th. Finally, Robert W. Baird reaffirmed a “buy” rating on shares of McDonald’s in a report on Tuesday, August 31st. Seven investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. According to MarketBeat.com, McDonald’s presently has a consensus rating of “Buy” and a consensus target price of $256.72.

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 in the United States. The International Operated Markets segment comprises operations and franchising of restaurant in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the U.K.

See Also: Return on Equity (ROE)

Institutional Ownership by Quarter for McDonald`s (NYSE:MCD)

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