Richelieu Gestion SA Has $1.38 Million Stock Holdings in McDonald’s Co. (NYSE:MCD)

Richelieu Gestion SA lessened its holdings in McDonald’s Co. (NYSE:MCD) by 13.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,881 shares of the fast-food giant’s stock after selling 739 shares during the period. Richelieu Gestion SA’s holdings in McDonald’s were worth $1,376,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in MCD. LaSalle St. Investment Advisors LLC raised its position in McDonald’s by 3.0% in the third quarter. LaSalle St. Investment Advisors LLC now owns 1,660 shares of the fast-food giant’s stock worth $437,000 after purchasing an additional 48 shares in the last quarter. PGIM Custom Harvest LLC increased its holdings in shares of McDonald’s by 13.6% during the third quarter. PGIM Custom Harvest LLC now owns 1,314 shares of the fast-food giant’s stock worth $346,000 after buying an additional 157 shares in the last quarter. Operose Advisors LLC grew its stake in shares of McDonald’s by 13.7% during the third quarter. Operose Advisors LLC now owns 5,514 shares of the fast-food giant’s stock valued at $1,453,000 after purchasing an additional 666 shares during the last quarter. OMERS ADMINISTRATION Corp bought a new position in McDonald’s in the third quarter valued at approximately $52,451,000. Finally, Mutual Advisors LLC raised its holdings in McDonald’s by 10.8% in the third quarter. Mutual Advisors LLC now owns 18,801 shares of the fast-food giant’s stock worth $4,953,000 after purchasing an additional 1,832 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on MCD. KeyCorp cut their target price on shares of McDonald’s from $315.00 to $310.00 and set an “overweight” rating on the stock in a report on Wednesday, May 1st. Guggenheim cut their target price on shares of McDonald’s from $325.00 to $315.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Erste Group Bank restated a “hold” rating on shares of McDonald’s in a report on Wednesday, April 3rd. Bank of America decreased their price target on shares of McDonald’s from $302.00 to $288.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 28th. Finally, BMO Capital Markets cut their price target on shares of McDonald’s from $335.00 to $330.00 and set an “outperform” rating for the company in a report on Wednesday, May 1st. Ten investment analysts have rated the stock with a hold rating and twenty have given 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 price target of $315.14.

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $260.00, for a total transaction of $285,480.00. Following the completion of the sale, the insider now directly owns 14,780 shares of the company’s stock, valued at approximately $3,842,800. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other McDonald’s news, EVP Jonathan Banner sold 800 shares of McDonald’s stock in a transaction dated 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 in the company, valued at $5,225.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $260.00, for a total value of $285,480.00. Following the completion of the transaction, the insider now owns 14,780 shares in the company, valued at approximately $3,842,800. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,095 shares of company stock worth $1,100,625. Company insiders own 0.23% of the company’s stock.

McDonald’s Stock Performance

NYSE:MCD traded up $0.53 during midday trading on Wednesday, reaching $257.91. 1,698,170 shares of the stock traded hands, compared to its average volume of 3,382,672. The company has a fifty day moving average of $264.15 and a 200 day moving average of $279.82. The stock has a market capitalization of $185.87 billion, a P/E ratio of 21.67, a PEG ratio of 2.90 and a beta of 0.71. McDonald’s Co. has a 12 month low of $245.73 and a 12 month high of $302.39.

McDonald’s (NYSE:MCD) 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). McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. The business had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.16 billion. During the same quarter last year, the company earned $2.63 EPS. McDonald’s’s revenue for the quarter was up 4.6% on a year-over-year basis. On average, analysts predict that McDonald’s Co. will post 12.19 EPS for the current fiscal year.

McDonald’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were paid a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date of this dividend was Monday, June 3rd. McDonald’s’s payout ratio is 56.71%.

About McDonald’s

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.