McDonald’s Co. (NYSE:MCD) Shares Bought by Clearwater Capital Advisors LLC

Clearwater Capital Advisors LLC grew its holdings in McDonald’s Co. (NYSE:MCD) by 18.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,217 shares of the fast-food giant’s stock after purchasing an additional 342 shares during the quarter. Clearwater Capital Advisors LLC’s holdings in McDonald’s were worth $565,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in MCD. Waddell & Associates LLC grew its holdings in shares of McDonald’s by 17.9% in the second quarter. Waddell & Associates LLC now owns 1,171 shares of the fast-food giant’s stock valued at $298,000 after purchasing an additional 178 shares during the period. Ausdal Financial Partners Inc. increased its holdings in shares of McDonald’s by 7.7% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 8,360 shares of the fast-food giant’s stock worth $2,130,000 after buying an additional 598 shares during the last quarter. tru Independence LLC raised its position in shares of McDonald’s by 2.0% during the 2nd quarter. tru Independence LLC now owns 2,247 shares of the fast-food giant’s stock valued at $573,000 after buying an additional 44 shares during the period. Koss Olinger Consulting LLC acquired a new position in McDonald’s in the second quarter valued at approximately $248,000. Finally, Caprock Group LLC lifted its holdings in McDonald’s by 84.0% in the second quarter. Caprock Group LLC now owns 12,845 shares of the fast-food giant’s stock valued at $3,274,000 after acquiring an additional 5,863 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on MCD shares. Evercore ISI lifted their target price on McDonald’s from $300.00 to $320.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. BMO Capital Markets decreased their target price on shares of McDonald’s from $330.00 to $315.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 30th. Guggenheim increased their target price on shares of McDonald’s from $280.00 to $290.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Tigress Financial boosted their price target on shares of McDonald’s from $355.00 to $360.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Finally, Bank of America cut their target price on McDonald’s from $288.00 to $278.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 30th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $303.67.

Insider Activity

In related news, EVP Marion K. Gross sold 1,498 shares of the business’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total value of $371,893.48. Following the completion of the sale, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at $387,285.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $260.00, for a total transaction of $285,740.00. Following the transaction, the insider now owns 13,681 shares in the company, valued at approximately $3,557,060. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Marion K. Gross sold 1,498 shares of McDonald’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $248.26, for a total value of $371,893.48. Following the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $387,285.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,291 shares of company stock worth $1,689,073. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Trading Up 0.5 %

NYSE:MCD traded up $1.54 during trading hours on Friday, hitting $289.51. The company’s stock had a trading volume of 3,863,559 shares, compared to its average volume of 3,505,613. The stock has a market capitalization of $208.64 billion, a P/E ratio of 24.58, a price-to-earnings-growth ratio of 3.86 and a beta of 0.72. The stock has a fifty day moving average of $268.64 and a 200-day moving average of $270.76. McDonald’s Co. has a 52-week low of $243.53 and a 52-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 the consensus estimate of $3.07 by ($0.10). The business had revenue of $6.49 billion for the quarter, compared to analyst estimates of $6.62 billion. McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. McDonald’s’s revenue was down .1% on a year-over-year basis. During the same period last year, the business posted $3.17 EPS. On average, sell-side analysts forecast that McDonald’s Co. will post 11.67 earnings per share for the current year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be given a dividend of $1.67 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $6.68 annualized dividend and a dividend yield of 2.31%. McDonald’s’s dividend payout ratio is presently 56.71%.

McDonald’s Company 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.