1620 Investment Advisors Inc. Purchases New Position in McDonald’s Co. (NYSE:MCD)

1620 Investment Advisors Inc. acquired a new position in shares of McDonald’s Co. (NYSE:MCD) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 313 shares of the fast-food giant’s stock, valued at approximately $80,000.

Several other institutional investors and hedge funds have also recently modified their holdings of MCD. Roffman Miller Associates Inc. PA raised its position in McDonald’s by 1.7% in the 4th quarter. Roffman Miller Associates Inc. PA now owns 155,740 shares of the fast-food giant’s stock valued at $46,179,000 after buying an additional 2,546 shares during the last quarter. Aigen Investment Management LP purchased a new stake in shares of McDonald’s in the fourth quarter valued at about $4,286,000. Strait & Sound Wealth Management LLC bought a new position in shares of McDonald’s during the fourth quarter valued at about $211,000. Choreo LLC lifted its position in shares of McDonald’s by 22.0% during the fourth quarter. Choreo LLC now owns 23,244 shares of the fast-food giant’s stock valued at $6,892,000 after purchasing an additional 4,190 shares in the last quarter. Finally, Vestor Capital LLC boosted its holdings in McDonald’s by 40.4% during the fourth quarter. Vestor Capital LLC now owns 74,427 shares of the fast-food giant’s stock worth $22,068,000 after purchasing an additional 21,413 shares during the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald’s Stock Performance

NYSE:MCD opened at $289.35 on Friday. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $302.39. The stock has a fifty day moving average of $261.43 and a 200 day moving average of $270.98. The firm has a market capitalization of $208.53 billion, a price-to-earnings ratio of 24.56, a P/E/G ratio of 3.58 and a beta of 0.71.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. The business’s revenue was down .1% compared to the same quarter last year. During the same quarter last year, the business posted $3.17 EPS. Equities analysts forecast that McDonald’s Co. will post 11.71 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be issued a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date is Tuesday, September 3rd. McDonald’s’s payout ratio is 56.71%.

Analyst Upgrades and Downgrades

Several research firms have commented on MCD. Wedbush reissued an “outperform” rating and set a $295.00 target price on shares of McDonald’s in a research report on Monday, July 29th. Bank of America cut their price objective on McDonald’s from $288.00 to $278.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 30th. Evercore ISI upped their price objective on McDonald’s from $300.00 to $320.00 and gave the company an “outperform” rating in a research note on Monday. JPMorgan Chase & Co. lowered their target price on McDonald’s from $290.00 to $270.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 30th. Finally, Guggenheim increased their price target on shares of McDonald’s from $280.00 to $290.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Eleven research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $303.71.

Insider Activity

In related news, EVP Marion K. Gross sold 1,498 shares of the company’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total value of $371,893.48. Following the completion of the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at $387,285.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’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 transaction, the insider now directly owns 14,780 shares of the company’s stock, valued at $3,842,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 completion of 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. In the last quarter, insiders have sold 3,695 shares of company stock worth $943,113. 0.23% of the stock is currently owned by corporate insiders.

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.