Chicago Capital LLC Has $4.30 Million Stock Holdings in McDonald’s Co. (NYSE:MCD)

Chicago Capital LLC boosted its position in shares of McDonald’s Co. (NYSE:MCD) by 13.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,858 shares of the fast-food giant’s stock after acquiring an additional 1,950 shares during the period. Chicago Capital LLC’s holdings in McDonald’s were worth $4,296,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Aigen Investment Management LP bought a new stake in shares of McDonald’s in the 4th quarter valued at approximately $4,286,000. Strait & Sound Wealth Management LLC bought a new stake in McDonald’s during the 4th quarter worth approximately $211,000. Hantz Financial Services Inc. bought a new stake in McDonald’s during the 2nd quarter worth approximately $6,612,000. California State Teachers Retirement System grew its position in McDonald’s by 1.4% during the 4th quarter. California State Teachers Retirement System now owns 1,180,928 shares of the fast-food giant’s stock worth $350,157,000 after acquiring an additional 15,863 shares during the last quarter. Finally, Keystone Financial Group grew its position in McDonald’s by 5.9% during the 4th quarter. Keystone Financial Group now owns 8,995 shares of the fast-food giant’s stock worth $2,667,000 after acquiring an additional 499 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors.

McDonald’s Stock Performance

NYSE:MCD traded up $1.54 during mid-day trading on Friday, hitting $289.51. The stock had a trading volume of 3,863,559 shares, compared to its average volume of 3,505,613. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $302.39. The stock has a market cap of $208.64 billion, a price-to-earnings ratio of 24.58, a PEG ratio of 3.86 and a beta of 0.72. The company’s 50 day simple moving average is $268.64 and its 200 day simple moving average is $270.91.

McDonald’s (NYSE:MCD) last issued its earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.07 by ($0.10). McDonald’s had a net margin of 32.25% and a negative return on equity of 178.68%. The firm had revenue of $6.49 billion during the quarter, compared to analyst estimates of $6.62 billion. During the same quarter last year, the business posted $3.17 earnings per share. The company’s revenue for the quarter was down .1% on a year-over-year basis. As a group, equities analysts forecast that McDonald’s Co. will post 11.67 earnings per share for the current 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 annualized dividend and a yield of 2.31%. McDonald’s’s dividend payout ratio (DPR) is presently 56.71%.

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s 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 in the company, valued at $3,842,800. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s 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 in the company, valued at $3,842,800. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction of $371,893.48. Following the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at $387,285.60. The disclosure for this sale can be found here. Insiders sold 6,291 shares of company stock worth $1,689,073 over the last three months. Insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

MCD has been the topic of several research reports. Stifel Nicolaus reduced their price objective on McDonald’s from $285.00 to $265.00 and set a “hold” rating on the stock in a report on Monday, July 22nd. Guggenheim increased their price target on McDonald’s from $280.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Truist Financial lowered their price objective on shares of McDonald’s from $300.00 to $295.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Evercore ISI upped their price objective on shares of McDonald’s from $300.00 to $320.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. Finally, Barclays lowered their price objective on shares of McDonald’s from $320.00 to $300.00 and set an “overweight” rating for the company in a research report on Tuesday, July 30th. Eleven analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to MarketBeat.com, McDonald’s presently has a consensus rating of “Moderate Buy” and a consensus target price of $303.89.

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.