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Williams Jones Wealth Management LLC. Acquires 629 Shares of McDonald’s Co. (NYSE:MCD)

Williams Jones Wealth Management LLC. lifted its holdings in McDonald’s Co. (NYSE:MCDGet Rating) by 6.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,103 shares of the fast-food giant’s stock after purchasing an additional 629 shares during the quarter. Williams Jones Wealth Management LLC.’s holdings in McDonald’s were worth $2,498,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Jag Capital Management LLC boosted its holdings in shares of McDonald’s by 1.1% in the fourth quarter. Jag Capital Management LLC now owns 3,600 shares of the fast-food giant’s stock valued at $965,000 after acquiring an additional 40 shares in the last quarter. Wagner Wealth Management LLC boosted its holdings in McDonald’s by 11.2% during the fourth quarter. Wagner Wealth Management LLC now owns 408 shares of the fast-food giant’s stock worth $109,000 after buying an additional 41 shares in the last quarter. Canvas Wealth Advisors LLC boosted its holdings in McDonald’s by 3.1% during the first quarter. Canvas Wealth Advisors LLC now owns 1,385 shares of the fast-food giant’s stock worth $340,000 after buying an additional 41 shares in the last quarter. Clarkston Capital Partners LLC boosted its holdings in McDonald’s by 0.6% during the first quarter. Clarkston Capital Partners LLC now owns 6,389 shares of the fast-food giant’s stock worth $1,580,000 after buying an additional 41 shares in the last quarter. Finally, CAPROCK Group Inc. boosted its holdings in McDonald’s by 0.8% during the first quarter. CAPROCK Group Inc. now owns 5,159 shares of the fast-food giant’s stock worth $1,276,000 after buying an additional 42 shares in the last quarter. Institutional investors own 67.27% of the company’s stock.

Insider Buying and Selling

In other news, Chairman Enrique Hernandez, Jr. sold 4,500 shares of the business’s stock in a transaction on Friday, July 29th. The shares were sold at an average price of $264.02, for a total transaction of $1,188,090.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Catherine A. Hoovel sold 2,371 shares of the stock in a transaction dated Wednesday, July 27th. The shares were sold at an average price of $255.62, for a total transaction of $606,075.02. Following the sale, the senior vice president now owns 1,184 shares in the company, valued at $302,654.08. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Enrique Hernandez, Jr. sold 4,500 shares of the stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $264.02, for a total transaction of $1,188,090.00. The disclosure for this sale can be found here. Insiders sold 20,191 shares of company stock worth $5,250,365 in the last ninety days. Insiders own 0.25% of the company’s stock.

McDonald’s Price Performance

Shares of McDonald’s stock opened at $259.52 on Monday. The business has a 50 day simple moving average of $257.88 and a two-hundred day simple moving average of $248.66. McDonald’s Co. has a 12 month low of $217.68 and a 12 month high of $271.15. The stock has a market capitalization of $190.93 billion, a P/E ratio of 31.96, a PEG ratio of 3.16 and a beta of 0.57.

McDonald’s (NYSE:MCDGet Rating) last released its quarterly earnings results on Tuesday, July 26th. The fast-food giant reported $2.55 EPS for the quarter, topping the consensus estimate of $2.47 by $0.08. McDonald’s had a negative return on equity of 129.90% and a net margin of 25.77%. The business had revenue of $5.72 billion during the quarter, compared to analyst estimates of $5.82 billion. During the same period last year, the business posted $2.37 earnings per share. The company’s quarterly revenue was down 2.9% on a year-over-year basis. As a group, research analysts anticipate that McDonald’s Co. will post 9.83 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 16th. Stockholders of record on Thursday, September 1st will be given a dividend of $1.38 per share. The ex-dividend date is Wednesday, August 31st. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.13%. McDonald’s’s payout ratio is 67.98%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Citigroup raised their target price on shares of McDonald’s from $266.00 to $275.00 and gave the stock a “neutral” rating in a report on Wednesday, July 27th. Sanford C. Bernstein began coverage on shares of McDonald’s in a research report on Wednesday, September 7th. They issued a “market perform” rating and a $267.00 price target for the company. Jefferies Financial Group reduced their price target on shares of McDonald’s from $306.00 to $298.00 and set a “buy” rating for the company in a research report on Wednesday, July 27th. BMO Capital Markets raised their price target on shares of McDonald’s from $285.00 to $300.00 and gave the company an “outperform” rating in a report on Tuesday, August 16th. Finally, Royal Bank of Canada raised their price target on shares of McDonald’s from $292.00 to $305.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 27th. Eight analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $285.04.

McDonald’s Company Profile

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McDonald’s Corporation operates and franchises McDonald’s restaurants in the United States and internationally. Its restaurants offer hamburgers and cheeseburgers, chicken sandwiches and nuggets, wraps, fries, salads, oatmeal, shakes, desserts, sundaes, soft serve cones, bakery items, soft drinks, coffee, and beverages and other beverages, as well as breakfast menu, including biscuit and bagel sandwiches, breakfast burritos, hotcakes, and other sandwiches.

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