50,756 Shares in McDonald’s Corporation $MCD Purchased by WINTON GROUP Ltd

WINTON GROUP Ltd bought a new stake in McDonald’s Corporation (NYSE:MCDFree Report) during the 3rd quarter, Holdings Channel reports. The firm bought 50,756 shares of the fast-food giant’s stock, valued at approximately $15,424,000. McDonald’s accounts for about 0.6% of WINTON GROUP Ltd’s portfolio, making the stock its 23rd largest holding.

Several other hedge funds have also made changes to their positions in the company. WD Rutherford LLC raised its position in shares of McDonald’s by 1.0% during the 3rd quarter. WD Rutherford LLC now owns 3,261 shares of the fast-food giant’s stock valued at $991,000 after buying an additional 33 shares during the period. Redhawk Wealth Advisors Inc. grew its position in McDonald’s by 1.4% in the third quarter. Redhawk Wealth Advisors Inc. now owns 2,423 shares of the fast-food giant’s stock worth $736,000 after acquiring an additional 34 shares during the period. Symmetry Partners LLC grew its position in McDonald’s by 2.0% in the third quarter. Symmetry Partners LLC now owns 1,771 shares of the fast-food giant’s stock worth $538,000 after acquiring an additional 34 shares during the period. Jackson Hole Capital Partners LLC increased its stake in McDonald’s by 0.3% during the third quarter. Jackson Hole Capital Partners LLC now owns 11,032 shares of the fast-food giant’s stock worth $3,352,000 after acquiring an additional 34 shares during the last quarter. Finally, CFO4Life Group LLC increased its stake in McDonald’s by 2.1% during the third quarter. CFO4Life Group LLC now owns 1,669 shares of the fast-food giant’s stock worth $507,000 after acquiring an additional 34 shares during the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Trading Up 0.2%

MCD opened at $328.22 on Monday. The stock’s 50-day moving average price is $318.21 and its 200 day moving average price is $311.02. McDonald’s Corporation has a 12-month low of $283.47 and a 12-month high of $341.75. The firm has a market cap of $233.17 billion, a price-to-earnings ratio of 27.47, a PEG ratio of 2.92 and a beta of 0.51.

McDonald’s (NYSE:MCDGet Free Report) last released its earnings results on Wednesday, February 11th. The fast-food giant reported $3.12 earnings per share for the quarter, beating the consensus estimate of $3.05 by $0.07. The company had revenue of $7.01 billion during the quarter, compared to the consensus estimate 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 revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.83 EPS. On average, research analysts forecast that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 17th. Investors of record on Tuesday, March 3rd will be issued a $1.86 dividend. The ex-dividend date is Tuesday, March 3rd. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.3%. McDonald’s’s payout ratio is 62.26%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Guggenheim decreased their price target on McDonald’s from $325.00 to $320.00 and set a “neutral” rating on the stock in a research note on Friday, February 13th. BTIG Research raised their price objective on McDonald’s from $360.00 to $370.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. KeyCorp boosted their price objective on shares of McDonald’s from $340.00 to $354.00 and gave the company an “overweight” rating in a report on Tuesday, March 3rd. UBS Group upped their target price on shares of McDonald’s from $350.00 to $365.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. Finally, Jefferies Financial Group lifted their price target on shares of McDonald’s from $360.00 to $375.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. Seventeen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, McDonald’s presently has an average rating of “Hold” and a consensus price target of $339.69.

Check Out Our Latest Stock Analysis on McDonald’s

McDonald’s News Summary

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

Insider Transactions at McDonald’s

In related news, EVP Jonathan Banner sold 6,201 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $333.29, for a total transaction of $2,066,731.29. Following the sale, the executive vice president directly owned 2,291 shares of the company’s stock, valued at $763,567.39. This represents a 73.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 2,626 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider directly owned 5,398 shares of the company’s stock, 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. In the last ninety days, insiders have sold 71,517 shares of company stock valued at $23,655,503. 0.25% of the stock is owned by corporate insiders.

McDonald’s Company Profile

(Free Report)

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.

See Also

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

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