Catalina Capital Group LLC Makes New $578,000 Investment in McDonald’s Co. (NYSE:MCD)

Catalina Capital Group LLC purchased a new stake in shares of McDonald’s Co. (NYSE:MCDFree Report) during the first quarter, HoldingsChannel.com reports. The institutional investor purchased 2,050 shares of the fast-food giant’s stock, valued at approximately $578,000.

Several other hedge funds and other institutional investors have also made changes to their positions in MCD. Avidian Wealth Solutions LLC boosted its position in McDonald’s by 75.0% during the 1st quarter. Avidian Wealth Solutions LLC now owns 6,434 shares of the fast-food giant’s stock worth $1,814,000 after acquiring an additional 2,758 shares during the period. TFB Advisors LLC lifted its holdings in McDonald’s by 81.4% in the first quarter. TFB Advisors LLC now owns 1,582 shares of the fast-food giant’s stock worth $434,000 after purchasing an additional 710 shares during the period. Mediolanum International Funds Ltd bought a new position in McDonald’s in the 1st quarter valued at about $20,605,000. RIA Advisory Group LLC bought a new stake in shares of McDonald’s during the 1st quarter worth about $202,000. Finally, Callan Capital LLC lifted its stake in shares of McDonald’s by 12.6% in the 1st quarter. Callan Capital LLC now owns 1,576 shares of the fast-food giant’s stock worth $444,000 after acquiring an additional 176 shares during the period. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Citigroup lowered their price objective on shares of McDonald’s from $312.00 to $297.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 16th. JPMorgan Chase & Co. dropped their price objective on McDonald’s from $300.00 to $290.00 and set an “overweight” rating on the stock in a research note on Wednesday. Bank of America decreased their target price on McDonald’s from $302.00 to $288.00 and set a “neutral” rating for the company in a research note on Tuesday, May 28th. Wedbush dropped their price target on shares of McDonald’s from $330.00 to $300.00 and set an “outperform” rating on the stock in a research report on Friday, April 26th. Finally, The Goldman Sachs Group began coverage on shares of McDonald’s in a research report on Thursday, June 13th. They set a “neutral” rating and a $288.00 price objective for the company. Ten research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat.com, McDonald’s presently has an average rating of “Moderate Buy” and an average target price of $312.82.

Get Our Latest Stock Analysis on McDonald’s

McDonald’s Trading Up 1.9 %

MCD stock traded up $4.62 during mid-day trading on Wednesday, hitting $250.44. The stock had a trading volume of 4,090,692 shares, compared to its average volume of 3,436,493. The stock has a market capitalization of $180.49 billion, a price-to-earnings ratio of 21.26, a PEG ratio of 2.79 and a beta of 0.71. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $302.39. The company has a fifty day moving average of $259.67 and a 200 day moving average of $277.05.

McDonald’s (NYSE:MCDGet Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing the consensus estimate of $2.71 by ($0.01). The business had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.16 billion. McDonald’s had a net margin of 33.36% and a negative return on equity of 180.74%. McDonald’s’s revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business posted $2.63 EPS. As a group, sell-side analysts expect that McDonald’s Co. will post 12.19 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were given a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 2.67%. The ex-dividend date was Monday, June 3rd. McDonald’s’s payout ratio is 56.71%.

Insiders Place Their Bets

In other McDonald’s news, EVP Jonathan Banner sold 800 shares of the company’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 of the company’s stock, valued at $5,225.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of the firm’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 sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $387,285.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jonathan Banner sold 800 shares of the company’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 value of $220,016.00. Following the transaction, the executive vice president now owns 19 shares of the company’s stock, valued at $5,225.38. The disclosure for this sale can be found here. Insiders sold 5,593 shares of company stock valued at $1,472,518 over the last quarter. Insiders own 0.23% of the company’s stock.

McDonald’s Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding MCD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for McDonald’s Co. (NYSE:MCDFree Report).

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

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