KCM Investment Advisors LLC Purchases 2,600 Shares of McDonald’s Co. (NYSE:MCD)

KCM Investment Advisors LLC increased its position in McDonald’s Co. (NYSE:MCD) by 3.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 79,074 shares of the fast-food giant’s stock after purchasing an additional 2,600 shares during the quarter. KCM Investment Advisors LLC’s holdings in McDonald’s were worth $20,151,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of McDonald’s by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 69,049,310 shares of the fast-food giant’s stock valued at $20,473,811,000 after purchasing an additional 599,745 shares in the last quarter. Norges Bank bought a new position in McDonald’s during the 4th quarter valued at approximately $2,684,899,000. Price T Rowe Associates Inc. MD raised its stake in McDonald’s by 15.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,347,048 shares of the fast-food giant’s stock valued at $2,178,474,000 after buying an additional 987,099 shares during the last quarter. Gallagher Fiduciary Advisors LLC boosted its holdings in McDonald’s by 141,160.9% in the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 5,613,710 shares of the fast-food giant’s stock worth $1,664,521,000 after acquiring an additional 5,609,736 shares in the last quarter. Finally, Capital Research Global Investors grew its stake in shares of McDonald’s by 66.9% in the first quarter. Capital Research Global Investors now owns 5,471,007 shares of the fast-food giant’s stock worth $1,542,550,000 after acquiring an additional 2,193,769 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Marion K. Gross sold 1,498 shares of the business’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 transaction of $371,893.48. Following the transaction, 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 filing with the SEC, which is accessible through the SEC website. In related news, EVP Marion K. Gross sold 1,498 shares of McDonald’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total transaction of $371,893.48. Following the completion of the transaction, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $387,285.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction dated Tuesday, July 23rd. The shares were 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 $3,557,060. The disclosure for this sale can be found here. Insiders sold 4,793 shares of company stock valued at $1,260,106 in the last ninety days. Insiders own 0.23% of the company’s stock.

McDonald’s Stock Up 0.2 %

McDonald’s stock traded up $0.69 during midday trading on Friday, reaching $288.55. 2,528,115 shares of the stock traded hands, compared to its average volume of 3,519,216. The stock has a market cap of $207.95 billion, a P/E ratio of 24.49, a PEG ratio of 3.58 and a beta of 0.71. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $302.39. The stock’s fifty day moving average is $265.04 and its 200-day moving average is $271.00.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Monday, July 29th. The fast-food giant reported $2.97 EPS 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 the consensus estimate of $6.62 billion. McDonald’s had a net margin of 32.25% and a negative return on equity of 178.92%. McDonald’s’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter last year, the business earned $3.17 EPS. On average, equities analysts predict that McDonald’s Co. will post 11.71 EPS for the current fiscal year.

McDonald’s Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders 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 dividend on an annualized basis and a yield of 2.32%. McDonald’s’s dividend payout ratio (DPR) is presently 56.71%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Citigroup lowered their price target on McDonald’s from $280.00 to $275.00 and set a “neutral” rating for the company in a research report on Tuesday, July 30th. Stifel Nicolaus dropped their target price on shares of McDonald’s from $285.00 to $265.00 and set a “hold” rating on the stock in a research note on Monday, July 22nd. Wedbush reiterated an “outperform” rating and set a $295.00 price target on shares of McDonald’s in a report on Monday, July 29th. KeyCorp decreased their price objective on shares of McDonald’s from $310.00 to $305.00 and set an “overweight” rating for the company in a report on Tuesday, July 30th. Finally, The Goldman Sachs Group initiated coverage on McDonald’s in a research note on Thursday, June 13th. They set a “neutral” rating and a $288.00 target price on the stock. Eleven research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $303.71.

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.