McDonald’s Co. (NYSE:MCD) Shares Purchased by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC lifted its stake in McDonald’s Co. (NYSE:MCD) by 69.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,805 shares of the fast-food giant’s stock after purchasing an additional 18,700 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in McDonald’s were worth $11,673,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MCD. Gilbert & Cook Inc. increased its holdings in McDonald’s by 20.7% during the 4th quarter. Gilbert & Cook Inc. now owns 4,384 shares of the fast-food giant’s stock valued at $1,300,000 after acquiring an additional 753 shares in the last quarter. Aveo Capital Partners LLC increased its holdings in McDonald’s by 14.5% during the 4th quarter. Aveo Capital Partners LLC now owns 1,899 shares of the fast-food giant’s stock valued at $563,000 after acquiring an additional 240 shares in the last quarter. 9258 Wealth Management LLC increased its holdings in McDonald’s by 4.2% during the 4th quarter. 9258 Wealth Management LLC now owns 2,796 shares of the fast-food giant’s stock valued at $829,000 after acquiring an additional 113 shares in the last quarter. Gryphon Financial Partners LLC increased its holdings in McDonald’s by 99.3% during the 4th quarter. Gryphon Financial Partners LLC now owns 5,892 shares of the fast-food giant’s stock valued at $1,722,000 after acquiring an additional 2,935 shares in the last quarter. Finally, Gladstone Institutional Advisory LLC increased its holdings in McDonald’s by 6.7% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 24,424 shares of the fast-food giant’s stock valued at $7,242,000 after acquiring an additional 1,524 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Citigroup lifted their price target on shares of McDonald’s from $275.00 to $301.00 and gave the stock a “neutral” rating in a report on Friday. Deutsche Bank Aktiengesellschaft lowered their price target on shares of McDonald’s from $295.00 to $290.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Bank of America lowered their price target on shares of McDonald’s from $288.00 to $278.00 and set a “neutral” rating for the company in a report on Tuesday, July 30th. KeyCorp lowered their price target 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, Tigress Financial lifted their price target on shares of McDonald’s from $355.00 to $360.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Eleven research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, McDonald’s presently has a consensus rating of “Moderate Buy” and a consensus target price of $305.37.

McDonald’s Stock Up 1.4 %

Shares of MCD stock opened at $296.53 on Monday. The stock has a market cap of $213.70 billion, a price-to-earnings ratio of 25.17, a price-to-earnings-growth ratio of 3.88 and a beta of 0.72. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $302.39. The firm’s 50 day moving average price is $272.89 and its two-hundred day moving average price is $270.47.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $6.49 billion for the quarter, compared to analyst estimates of $6.62 billion. During the same period last year, the firm earned $3.17 earnings per share. The company’s quarterly revenue was down .1% on a year-over-year basis. On average, equities analysts forecast that McDonald’s Co. will post 11.67 EPS for the current fiscal year.

McDonald’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders 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 dividend yield of 2.25%. McDonald’s’s payout ratio is currently 56.71%.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $288.70, for a total transaction of $316,992.60. Following the transaction, the insider now directly owns 12,583 shares of the company’s stock, valued at $3,632,712.10. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $288.70, for a total transaction of $316,992.60. Following the transaction, the insider now directly owns 12,583 shares of the company’s stock, valued at $3,632,712.10. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Marion K. Gross sold 1,498 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $286.36, for a total transaction of $428,967.28. Following the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at $446,721.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,291 shares of company stock valued at $1,689,073. Corporate insiders own 0.23% of the company’s stock.

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.