Apella Capital LLC Has $4.10 Million Holdings in McDonald’s Corporation $MCD

Apella Capital LLC boosted its position in shares of McDonald’s Corporation (NYSE:MCD) by 21.4% in the first quarter, Holdings Channel.com reports. The firm owned 13,170 shares of the fast-food giant’s stock after acquiring an additional 2,326 shares during the period. Apella Capital LLC’s holdings in McDonald’s were worth $4,101,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of MCD. Hamilton Point Investment Advisors LLC grew its holdings in shares of McDonald’s by 1.8% during the 4th quarter. Hamilton Point Investment Advisors LLC now owns 1,750 shares of the fast-food giant’s stock worth $535,000 after purchasing an additional 31 shares in the last quarter. Encompass More Asset Management raised its stake in McDonald’s by 1.5% in the fourth quarter. Encompass More Asset Management now owns 2,120 shares of the fast-food giant’s stock valued at $648,000 after purchasing an additional 32 shares in the last quarter. Richmond Investment Services LLC raised its stake in McDonald’s by 1.4% in the fourth quarter. Richmond Investment Services LLC now owns 2,278 shares of the fast-food giant’s stock valued at $696,000 after purchasing an additional 32 shares in the last quarter. Papamarkou Wellner Asset Management inc. lifted its position in McDonald’s by 0.4% during the fourth quarter. Papamarkou Wellner Asset Management inc. now owns 8,809 shares of the fast-food giant’s stock worth $2,692,000 after purchasing an additional 32 shares during the period. Finally, Physician Wealth Advisors Inc. grew its stake in McDonald’s by 1.6% during the fourth quarter. Physician Wealth Advisors Inc. now owns 2,102 shares of the fast-food giant’s stock worth $642,000 after buying an additional 33 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Stock Down 3.3%

Shares of NYSE:MCD opened at $264.76 on Friday. The firm has a market cap of $188.12 billion, a P/E ratio of 21.83, a P/E/G ratio of 2.73 and a beta of 0.41. McDonald’s Corporation has a 12-month low of $264.53 and a 12-month high of $341.75. The business has a fifty day simple moving average of $284.16 and a 200 day simple moving average of $304.79.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Thursday, May 7th. The fast-food giant reported $2.83 EPS for the quarter, topping analysts’ consensus estimates of $2.74 by $0.09. The company had revenue of $6.52 billion for the quarter, compared to analyst estimates of $6.47 billion. McDonald’s had a negative return on equity of 442.10% and a net margin of 31.62%.The firm’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.67 earnings per share. As a group, equities research analysts expect that McDonald’s Corporation will post 12.93 EPS for the current year.

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Tuesday, June 2nd were paid a $1.86 dividend. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Tuesday, June 2nd. McDonald’s’s dividend payout ratio is currently 61.34%.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 2,763 shares of McDonald’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $278.36, for a total value of $769,108.68. Following the completion of the sale, the executive vice president directly owned 6,268 shares in the company, valued at approximately $1,744,760.48. The trade was a 30.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 5,252 shares of the business’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $284.32, for a total transaction of $1,493,248.64. Following the transaction, the insider owned 7,734 shares in the company, valued at $2,198,930.88. The trade was a 40.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 11,307 shares of company stock valued at $3,262,622. 0.26% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on MCD. Tigress Financial boosted their target price on shares of McDonald’s from $360.00 to $385.00 and gave the company a “buy” rating in a research report on Friday, March 6th. Royal Bank Of Canada restated a “sector perform” rating on shares of McDonald’s in a research report on Tuesday. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of McDonald’s in a report on Monday. Erste Group Bank lowered McDonald’s from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, KeyCorp lowered their price target on McDonald’s from $345.00 to $330.00 and set an “overweight” rating for the company in a report on Friday, May 8th. Sixteen research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $336.26.

More McDonald’s News

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

• Positive Sentiment: McDonald’s is being highlighted as part of the defensive restaurant group that can benefit when lower oil prices ease pressure on consumers, potentially supporting traffic and spending. Jack in the Box and First Watch Stocks Trade Up, What You Need To Know
• Positive Sentiment: Investors are paying attention to McDonald’s new “McDonald’s NEXT” modernization program, which aims to improve food quality, add automation, deepen digital engagement, and strengthen franchise economics over time. How Investors May Respond To McDonald’s (MCD) McDonald’s NEXT Modernization And Evolving Cash-Flow Story
• Positive Sentiment: McDonald’s China announced a sustainability partnership with Syngenta and McCain to build a more resilient potato supply chain, which could support long-term supply stability for fries and other menu items. Syngenta Group China Partners With McDonald’s and McCain for a More Sustainable Potato Supply Chain
• Neutral Sentiment: McDonald’s is drawing increased investor attention, but the related Zacks pieces are mostly stock-screening and comparison articles rather than new fundamental developments. McDonald’s Corporation (MCD) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: Recent consumer-interest stories around McDonald’s products and promotions, including the fried apple pie and FIFA World Cup 26 meals, may help brand visibility but do not clearly change the near-term earnings outlook. McDonald’s unveils FIFA World Cup 26 meals with collectible cups and Squishmallows
• Negative Sentiment: Several recent articles note McDonald’s shares have pulled back meaningfully over the past week, month, and year-to-date, reinforcing a weaker technical setup and valuation concern for traders. McDonald’s (MCD) Sees a More Significant Dip Than Broader Market: Some Facts to Know

McDonald’s Company 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.