Silverleafe Capital Partners LLC Acquires 65 Shares of McDonald’s Co. (NYSE:MCD)

Silverleafe Capital Partners LLC boosted its holdings in shares of McDonald’s Co. (NYSE:MCD) by 2.8% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 2,350 shares of the fast-food giant’s stock after buying an additional 65 shares during the period. Silverleafe Capital Partners LLC’s holdings in McDonald’s were worth $663,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in MCD. Signature Resources Capital Management LLC bought a new stake in McDonald’s during the fourth quarter worth about $31,000. Spartan Planning & Wealth Management bought a new stake in McDonald’s during the third quarter worth about $33,000. Clear Investment Research LLC bought a new stake in McDonald’s during the fourth quarter worth about $38,000. Keener Financial Planning LLC bought a new stake in McDonald’s during the fourth quarter worth about $39,000. Finally, Atlantic Edge Private Wealth Management LLC bought a new stake in McDonald’s during the fourth quarter worth about $39,000. Institutional investors own 70.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on MCD shares. Erste Group Bank reissued a “hold” rating on shares of McDonald’s in a research note on Wednesday, April 3rd. Bank of America lowered 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. KeyCorp lowered their target price on McDonald’s from $315.00 to $310.00 and set an “overweight” rating for the company in a research note on Wednesday, May 1st. Robert W. Baird lowered their target price on McDonald’s from $305.00 to $300.00 and set an “outperform” rating for the company in a research note on Wednesday, May 1st. Finally, Guggenheim lowered their target price on McDonald’s from $325.00 to $315.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. Ten investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $315.14.

Insider Transactions at McDonald’s

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 value of $220,016.00. Following the sale, the executive vice president now directly owns 19 shares of the company’s stock, valued at approximately $5,225.38. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now directly owns 14,780 shares of the company’s stock, valued at approximately $3,842,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jonathan Banner sold 800 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $275.02, for a total value of $220,016.00. Following the completion of the transaction, the executive vice president now directly owns 19 shares in the company, valued at $5,225.38. The disclosure for this sale can be found here. Insiders have sold a total of 4,095 shares of company stock valued at $1,100,625 in the last ninety days. 0.23% of the stock is currently owned by corporate insiders.

McDonald’s Stock Performance

MCD stock opened at $254.84 on Friday. McDonald’s Co. has a fifty-two week low of $245.73 and a fifty-two week high of $302.39. The business’s 50 day moving average price is $263.31 and its two-hundred day moving average price is $279.28. The company has a market capitalization of $183.66 billion, a price-to-earnings ratio of 21.63, a price-to-earnings-growth ratio of 2.91 and a beta of 0.71.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.16 billion. During the same period in the prior year, the firm earned $2.63 earnings per share. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. Sell-side analysts forecast that McDonald’s Co. will post 12.19 earnings per share for the current year.

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were given a $1.67 dividend. The ex-dividend date was Monday, June 3rd. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.62%. McDonald’s’s dividend 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.