Exchange Traded Concepts LLC Has $19.88 Million Stock Position in McDonald’s Corporation $MCD

Exchange Traded Concepts LLC reduced its holdings in McDonald’s Corporation (NYSE:MCD) by 10.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 65,028 shares of the fast-food giant’s stock after selling 7,488 shares during the period. Exchange Traded Concepts LLC’s holdings in McDonald’s were worth $19,875,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of MCD. Wealthcare Advisory Partners LLC grew its stake in shares of McDonald’s by 9.1% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 11,130 shares of the fast-food giant’s stock worth $3,402,000 after acquiring an additional 933 shares during the last quarter. Generali Investments CEE investicni spolecnost a.s. boosted its holdings in McDonald’s by 6.6% in the 4th quarter. Generali Investments CEE investicni spolecnost a.s. now owns 28,978 shares of the fast-food giant’s stock valued at $8,857,000 after purchasing an additional 1,782 shares during the period. Pallas Capital Advisors LLC boosted its holdings in McDonald’s by 11.3% in the 4th quarter. Pallas Capital Advisors LLC now owns 17,306 shares of the fast-food giant’s stock valued at $5,289,000 after purchasing an additional 1,758 shares during the period. Petros Family Wealth LLC acquired a new stake in McDonald’s in the 4th quarter worth $259,000. Finally, Wolff Wiese Magana LLC grew its position in McDonald’s by 3.9% in the 4th quarter. Wolff Wiese Magana LLC now owns 4,706 shares of the fast-food giant’s stock worth $1,438,000 after purchasing an additional 177 shares during the last quarter. 70.29% of the stock is owned by institutional investors.

McDonald’s Trading Down 0.9%

NYSE MCD opened at $306.23 on Friday. McDonald’s Corporation has a 1-year low of $283.47 and a 1-year high of $341.75. The company has a market capitalization of $217.55 billion, a price-to-earnings ratio of 25.63, a PEG ratio of 2.72 and a beta of 0.51. The stock’s 50 day moving average is $321.65 and its two-hundred day moving average is $311.45.

McDonald’s (NYSE:MCD) last issued its earnings results on Wednesday, February 11th. The fast-food giant reported $3.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.05 by $0.07. The business had revenue of $7.01 billion during the quarter, compared to analysts’ expectations of $6.81 billion. McDonald’s had a negative return on equity of 343.90% and a net margin of 31.85%.McDonald’s’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.83 EPS. On average, analysts predict that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 17th. Shareholders of record on Tuesday, March 3rd were given a $1.86 dividend. This represents a $7.44 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Tuesday, March 3rd. McDonald’s’s dividend payout ratio is 62.26%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MCD. JPMorgan Chase & Co. upped their price objective on shares of McDonald’s from $305.00 to $325.00 and gave the company an “overweight” rating in a research report on Tuesday, February 24th. BTIG Research lifted their target price on McDonald’s from $360.00 to $370.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Wells Fargo & Company boosted their price target on McDonald’s from $345.00 to $355.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Erste Group Bank raised McDonald’s from a “hold” rating to a “buy” rating in a report on Wednesday, February 18th. Finally, Jefferies Financial Group raised their price objective on McDonald’s from $360.00 to $375.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Seventeen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, McDonald’s presently has a consensus rating of “Hold” and an average price target of $339.69.

Insider Buying and Selling

In other McDonald’s news, EVP Jonathan Banner sold 6,201 shares of the stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $333.29, for a total transaction of $2,066,731.29. Following the completion of the transaction, the executive vice president directly owned 2,291 shares in the company, valued at $763,567.39. This represents a 73.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 2,626 shares of the business’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $325.25, for a total transaction of $854,106.50. Following the completion of the sale, the insider owned 5,398 shares in the company, valued at $1,755,699.50. This represents a 32.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 71,657 shares of company stock valued at $23,722,204. 0.25% of the stock is owned by insiders.

McDonald’s News Summary

Here are the key news stories impacting McDonald’s this week:

• Positive Sentiment: KPop Demon Hunters promotion could drive significant near-term sales and traffic — some outlets estimate a large, rapid revenue boost from the campaign. How ‘KPop Demon Hunters’ meals could make McDonald’s $100M in just a few days
• Positive Sentiment: Company is leveraging pop-culture partnerships with two new adult Happy Meals and five menu items — a proven traffic driver for McDonald’s. McDonald’s unveils 2 new adult Happy Meals, 5 menu items
• Positive Sentiment: Some investors/strategists continue to prefer MCD for defensive, cash-generating exposure versus higher-growth names, supporting buy-side interest. Why this portfolio manager prefers McDonald’s stock over Nvidia
• Neutral Sentiment: Consensus analyst rating is “Hold” (mix of buy/hold/sell), indicating no broad upgrade momentum from the sell-side. McDonald’s Corporation (NYSE:MCD) Given Consensus Rating of “Hold” by Analysts
• Neutral Sentiment: Technical note: some analysts/market watchers flag MCD as oversold on short-term indicators, which can prompt bargain-hunting but also signals recent selling pressure. 4 Consumer Favorites Look Oversold Right Now: Disney, McDonald’s and More
• Negative Sentiment: Not all publicity is positive — at least one ad tied to the promotion drew fan criticism, which could temper engagement or spark short-term negative PR. KPop Demon Hunters McDonald’s ad isn’t for all the fans

McDonald’s Profile

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.