Whalerock Point Partners LLC Has $4.95 Million Stock Holdings in McDonald’s Co. (NYSE:MCD)

Whalerock Point Partners LLC raised its position in McDonald’s Co. (NYSE:MCD) by 1.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,549 shares of the fast-food giant’s stock after buying an additional 335 shares during the quarter. McDonald’s accounts for 1.3% of Whalerock Point Partners LLC’s holdings, making the stock its 21st biggest holding. Whalerock Point Partners LLC’s holdings in McDonald’s were worth $4,948,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Icon Wealth Advisors LLC grew its holdings in shares of McDonald’s by 10.3% during the 1st quarter. Icon Wealth Advisors LLC now owns 14,329 shares of the fast-food giant’s stock worth $4,040,000 after purchasing an additional 1,343 shares in the last quarter. Industrial Alliance Investment Management Inc. grew its holdings in shares of McDonald’s by 3.0% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 1,382 shares of the fast-food giant’s stock worth $390,000 after purchasing an additional 40 shares in the last quarter. Bridgeway Capital Management LLC grew its holdings in shares of McDonald’s by 16.1% during the 1st quarter. Bridgeway Capital Management LLC now owns 71,313 shares of the fast-food giant’s stock worth $20,107,000 after purchasing an additional 9,877 shares in the last quarter. Bayesian Capital Management LP grew its holdings in shares of McDonald’s by 109.0% during the 1st quarter. Bayesian Capital Management LP now owns 1,549 shares of the fast-food giant’s stock worth $437,000 after purchasing an additional 808 shares in the last quarter. Finally, Waverly Advisors LLC grew its holdings in shares of McDonald’s by 161.3% during the 1st quarter. Waverly Advisors LLC now owns 14,438 shares of the fast-food giant’s stock worth $4,071,000 after purchasing an additional 8,912 shares in the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Jonathan Banner sold 800 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $275.02, for a total transaction of $220,016.00. Following the completion of the sale, the executive vice president now owns 19 shares in the company, valued at $5,225.38. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, EVP Jonathan Banner sold 800 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $275.02, for a total transaction of $220,016.00. Following the completion of the sale, the executive vice president now owns 19 shares in the company, valued at $5,225.38. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $260.00, for a total value of $285,480.00. Following the sale, the insider now owns 14,780 shares of the company’s stock, valued at approximately $3,842,800. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,594 shares of company stock worth $1,454,507. 0.23% of the stock is owned by corporate insiders.

Analyst Ratings Changes

MCD has been the topic of several analyst reports. Loop Capital reduced their target price on McDonald’s from $357.00 to $342.00 and set a “buy” rating on the stock in a report on Tuesday. TD Cowen restated a “buy” rating and set a $285.00 price objective on shares of McDonald’s in a research report on Monday. UBS Group dropped their price objective on McDonald’s from $340.00 to $335.00 and set a “buy” rating for the company in a research report on Friday, April 5th. JPMorgan Chase & Co. dropped their price objective on McDonald’s from $290.00 to $270.00 and set an “overweight” rating for the company in a research report on Tuesday. Finally, Guggenheim dropped their price objective on McDonald’s from $315.00 to $280.00 and set a “buy” rating for the company in a research report on Tuesday, July 2nd. Ten analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $302.82.

McDonald’s Price Performance

Shares of McDonald’s stock traded up $5.10 during midday trading on Tuesday, reaching $266.52. The company had a trading volume of 4,924,469 shares, compared to its average volume of 3,527,371. The stock has a fifty day moving average price of $255.33 and a 200 day moving average price of $273.10. The firm has a market cap of $192.08 billion, a PE ratio of 22.62, a P/E/G ratio of 2.92 and a beta of 0.71. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $302.39.

McDonald’s (NYSE:MCD) last issued its earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.10). The business had revenue of $6.49 billion during the quarter, compared to the consensus estimate of $6.62 billion. McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.17 earnings per share. As a group, sell-side analysts forecast that McDonald’s Co. will post 12.05 EPS for the current year.

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be issued a $1.67 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $6.68 dividend on an annualized basis and a yield of 2.51%. McDonald’s’s payout ratio is currently 56.71%.

McDonald’s Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.