Mondrian Investment Partners LTD Buys New Stake in McDonald’s Corporation $MCD

Mondrian Investment Partners LTD purchased a new stake in McDonald’s Corporation (NYSE:MCD) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,519 shares of the fast-food giant’s stock, valued at approximately $1,069,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Decker Retirement Planning Inc. raised its stake in McDonald’s by 142.9% during the 2nd quarter. Decker Retirement Planning Inc. now owns 85 shares of the fast-food giant’s stock worth $25,000 after acquiring an additional 50 shares in the last quarter. Legacy Investment Solutions LLC purchased a new position in shares of McDonald’s during the second quarter worth about $25,000. Evergreen Private Wealth LLC increased its position in shares of McDonald’s by 162.5% during the third quarter. Evergreen Private Wealth LLC now owns 84 shares of the fast-food giant’s stock worth $26,000 after purchasing an additional 52 shares in the last quarter. Financial Gravity Companies Inc. purchased a new stake in shares of McDonald’s in the 2nd quarter valued at about $29,000. Finally, Traub Capital Management LLC acquired a new stake in shares of McDonald’s in the 2nd quarter valued at about $29,000. 70.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MCD has been the topic of several research analyst reports. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $340.00 price target on shares of McDonald’s in a research report on Thursday. TD Cowen restated a “hold” rating and set a $320.00 target price on shares of McDonald’s in a research report on Thursday, February 12th. BMO Capital Markets reiterated an “outperform” rating on shares of McDonald’s in a research report on Thursday, November 6th. KeyCorp increased their price target on shares of McDonald’s from $335.00 to $340.00 and gave the stock an “overweight” rating in a research note on Friday, January 9th. Finally, Robert W. Baird set a $335.00 price objective on shares of McDonald’s in a research note on Thursday. Fifteen investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $337.04.

McDonald’s Trading Down 1.4%

Shares of MCD opened at $327.58 on Tuesday. The stock’s 50 day moving average is $313.38 and its two-hundred day moving average is $308.53. McDonald’s Corporation has a twelve month low of $283.47 and a twelve month high of $335.67. The firm has a market capitalization of $233.29 billion, a PE ratio of 27.41, a P/E/G ratio of 3.32 and a beta of 0.52.

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. McDonald’s had a negative return on equity of 343.90% and a net margin of 31.85%.The business had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $6.81 billion. During the same period in the prior year, the business posted $2.83 EPS. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. On average, sell-side analysts predict that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Announces Dividend

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

Insider Activity at McDonald’s

In other news, insider Joseph M. Erlinger sold 2,626 shares of the stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $325.25, for a total value of $854,106.50. Following the completion of the transaction, the insider owned 5,398 shares in the company, valued at $1,755,699.50. This trade represents a 32.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Manuel Jm Steijaert sold 6,567 shares of the firm’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $305.50, for a total transaction of $2,006,218.50. Following the completion of the sale, the executive vice president owned 4,606 shares of the company’s stock, valued at $1,407,133. This trade represents a 58.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 31,439 shares of company stock valued at $9,772,464 over the last 90 days. Company insiders own 0.25% of the company’s stock.

About McDonald’s

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.