Savoir Faire Capital Management L.P. Has $3.28 Million Stake in McDonald’s Co. (NYSE:MCD)

Savoir Faire Capital Management L.P. lifted its holdings in McDonald’s Co. (NYSE:MCD) by 19.9% during the 2nd quarter, Holdings Channel reports. The fund owned 12,858 shares of the fast-food giant’s stock after acquiring an additional 2,135 shares during the quarter. Savoir Faire Capital Management L.P.’s holdings in McDonald’s were worth $3,277,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Concentric Wealth Management LLC grew its holdings in shares of McDonald’s by 1.4% during the fourth quarter. Concentric Wealth Management LLC now owns 2,551 shares of the fast-food giant’s stock worth $756,000 after purchasing an additional 35 shares during the last quarter. FinTrust Capital Advisors LLC grew its holdings in McDonald’s by 2.9% during the 4th quarter. FinTrust Capital Advisors LLC now owns 1,268 shares of the fast-food giant’s stock worth $376,000 after acquiring an additional 36 shares during the last quarter. 9258 Wealth Management LLC increased its position in McDonald’s by 1.3% in the 1st quarter. 9258 Wealth Management LLC now owns 2,833 shares of the fast-food giant’s stock valued at $799,000 after acquiring an additional 37 shares in the last quarter. MTM Investment Management LLC lifted its position in shares of McDonald’s by 3.3% during the first quarter. MTM Investment Management LLC now owns 1,174 shares of the fast-food giant’s stock worth $331,000 after purchasing an additional 38 shares in the last quarter. Finally, Weatherly Asset Management L. P. grew its stake in shares of McDonald’s by 0.9% during the first quarter. Weatherly Asset Management L. P. now owns 4,378 shares of the fast-food giant’s stock valued at $1,234,000 after purchasing an additional 38 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors.

McDonald’s Price Performance

MCD opened at $296.66 on Tuesday. The company has a market capitalization of $213.80 billion, a price-to-earnings ratio of 25.18, a P/E/G ratio of 3.88 and a beta of 0.72. The business’s 50-day moving average price is $273.87 and its two-hundred day moving average price is $270.50. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $302.39.

McDonald’s (NYSE:MCD) last released its 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 during the quarter, compared to the consensus estimate of $6.62 billion. During the same period last year, the business posted $3.17 EPS. The firm’s revenue for the quarter was down .1% on a year-over-year basis. Sell-side analysts anticipate that McDonald’s Co. will post 11.67 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be issued 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 2.25%. McDonald’s’s payout ratio is 56.71%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on MCD shares. Stifel Nicolaus dropped their price objective on shares of McDonald’s from $285.00 to $265.00 and set a “hold” rating for the company in a research report on Monday, July 22nd. Barclays cut their price target on McDonald’s from $320.00 to $300.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 30th. BMO Capital Markets lowered their price objective on McDonald’s from $330.00 to $315.00 and set an “outperform” rating for the company in a research report on Tuesday, July 30th. KeyCorp cut their target price on shares of McDonald’s from $310.00 to $305.00 and set an “overweight” rating on the stock in a research 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 research report on Tuesday, September 3rd. Eleven equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat, McDonald’s has a consensus rating of “Moderate Buy” and an average target price of $306.11.

Insider Activity

In related news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $260.00, for a total transaction of $285,480.00. Following the completion of the transaction, the insider now owns 14,780 shares in the company, valued at $3,842,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction on Friday, June 21st. The stock was 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 owns 14,780 shares of the company’s stock, valued at approximately $3,842,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $371,893.48. Following the completion of the transaction, the executive vice president now owns 1,560 shares in the company, valued at $387,285.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,291 shares of company stock valued at $1,689,073. 0.23% of the stock is owned by company insiders.

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.