King Luther Capital Management Corp Buys 2,196 Shares of McDonald's Co. (MCD)

King Luther Capital Management Corp increased its stake in McDonald's Co. (NYSE:MCD) by 7.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 32,288 shares of the fast-food giant’s stock after buying an additional 2,196 shares during the quarter. King Luther Capital Management Corp’s holdings in McDonald's were worth $5,059,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Horan Capital Advisors LLC. acquired a new stake in McDonald's during the 3rd quarter valued at approximately $104,000. Phocas Financial Corp. acquired a new stake in McDonald's during the 2nd quarter valued at approximately $107,000. Proficio Capital Partners LLC grew its stake in McDonald's by 0.7% during the 2nd quarter. Proficio Capital Partners LLC now owns 745 shares of the fast-food giant’s stock valued at $117,000 after purchasing an additional 5 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its stake in McDonald's by 219.2% during the 3rd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 830 shares of the fast-food giant’s stock valued at $130,000 after purchasing an additional 570 shares in the last quarter. Finally, Howe & Rusling Inc. grew its stake in McDonald's by 75.0% during the 3rd quarter. Howe & Rusling Inc. now owns 840 shares of the fast-food giant’s stock valued at $132,000 after purchasing an additional 360 shares in the last quarter. Institutional investors and hedge funds own 67.53% of the company’s stock.

A number of equities research analysts have weighed in on MCD shares. Nomura set a $180.00 price objective on McDonald's and gave the company a “buy” rating in a research note on Wednesday, October 25th. Zacks Investment Research upgraded McDonald's from a “hold” rating to a “buy” rating and set a $196.00 price objective for the company in a research note on Thursday, January 18th. Stifel Nicolaus set a $172.00 price objective on McDonald's and gave the company a “neutral” rating in a research note on Wednesday, January 3rd. Piper Jaffray Companies raised their price objective on McDonald's from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, December 14th. Finally, Goldman Sachs Group set a $200.00 price objective on McDonald's and gave the company a “buy” rating in a research note on Friday, January 19th. Nine equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $184.95.

In related news, VP Catherine A. Hoovel sold 1,398 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $170.54, for a total value of $238,414.92. Following the sale, the vice president now owns 1,398 shares of the company’s stock, valued at approximately $238,414.92. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Douglas M. Goare sold 34,575 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $173.53, for a total value of $5,999,799.75. The disclosure for this sale can be found here. In the last three months, insiders sold 207,550 shares of company stock worth $35,118,055. Company insiders own 0.24% of the company’s stock.

Shares of McDonald's Co. (MCD) opened at $160.80 on Friday. The stock has a market capitalization of $130,250.00, a P/E ratio of 25.28, a P/E/G ratio of 2.43 and a beta of 0.59. McDonald's Co. has a 1-year low of $124.36 and a 1-year high of $178.70. The company has a debt-to-equity ratio of -8.17, a current ratio of 1.28 and a quick ratio of 1.27.

McDonald's (NYSE:MCD) last announced its quarterly earnings results on Tuesday, January 30th. The fast-food giant reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.12. The business had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.22 billion. McDonald's had a negative return on equity of 217.17% and a net margin of 22.75%. The business’s revenue was down 11.4% on a year-over-year basis. During the same quarter last year, the business posted $1.44 EPS. analysts forecast that McDonald's Co. will post 7.58 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be issued a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 2.51%. The ex-dividend date is Wednesday, February 28th. McDonald's’s dividend payout ratio (DPR) is 63.52%.

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McDonald's Profile

McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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