Hengehold Capital Management LLC Raises Stake in McDonald’s Co. (NYSE:MCD)

Hengehold Capital Management LLC grew its position in McDonald’s Co. (NYSE:MCD) by 0.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,772 shares of the fast-food giant’s stock after acquiring an additional 50 shares during the period. Hengehold Capital Management LLC’s holdings in McDonald’s were worth $3,601,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in MCD. LaSalle St. Investment Advisors LLC boosted its holdings in shares of McDonald’s by 3.0% in the third quarter. LaSalle St. Investment Advisors LLC now owns 1,660 shares of the fast-food giant’s stock valued at $437,000 after acquiring an additional 48 shares in the last quarter. Westfield Capital Management Co. LP lifted its stake in shares of McDonald’s by 7.4% in the third quarter. Westfield Capital Management Co. LP now owns 18,454 shares of the fast-food giant’s stock valued at $4,862,000 after purchasing an additional 1,277 shares during the period. Trexquant Investment LP acquired a new stake in shares of McDonald’s in the third quarter valued at about $6,283,000. Private Advisory Group LLC acquired a new stake in shares of McDonald’s in the third quarter valued at about $229,000. Finally, Tower Research Capital LLC TRC lifted its stake in shares of McDonald’s by 16.2% in the third quarter. Tower Research Capital LLC TRC now owns 30,093 shares of the fast-food giant’s stock valued at $7,928,000 after purchasing an additional 4,197 shares during the period. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on MCD shares. Stifel Nicolaus reduced their price objective on shares of McDonald’s from $315.00 to $300.00 and set a “hold” rating for the company in a research note on Thursday, April 11th. The Goldman Sachs Group started coverage on shares of McDonald’s in a research note on Thursday, June 13th. They issued a “neutral” rating and a $288.00 price objective for the company. Robert W. Baird reduced their price objective on shares of McDonald’s from $305.00 to $300.00 and set an “outperform” rating for the company in a research note on Wednesday, May 1st. JPMorgan Chase & Co. lifted their target price on shares of McDonald’s from $290.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, June 3rd. Finally, TD Cowen restated a “buy” rating and set a $305.00 target price on shares of McDonald’s in a research report on Thursday, June 13th. Ten research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat, McDonald’s currently has an average rating of “Moderate Buy” and a consensus target price of $315.14.

McDonald’s Trading Down 1.8 %

MCD traded down $4.54 during trading on Friday, hitting $253.63. 2,007,022 shares of the company’s stock were exchanged, compared to its average volume of 3,374,530. McDonald’s Co. has a 1 year low of $245.73 and a 1 year high of $302.39. The stock has a 50 day moving average price of $263.91 and a 200 day moving average price of $279.67. The firm has a market cap of $182.79 billion, a P/E ratio of 21.93, a price-to-earnings-growth ratio of 2.90 and a beta of 0.71.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.71 by ($0.01). McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. The business had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.16 billion. During the same quarter in the prior year, the firm earned $2.63 earnings per share. McDonald’s’s quarterly revenue was up 4.6% compared to the same quarter last year. Analysts forecast that McDonald’s Co. will post 12.19 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were paid a dividend of $1.67 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $6.68 annualized dividend and a yield of 2.63%. McDonald’s’s dividend payout ratio is currently 56.71%.

Insiders Place Their Bets

In other news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $265.13, for a total transaction of $291,377.87. Following the transaction, the insider now directly owns 15,878 shares of the company’s stock, valued at $4,209,734.14. 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 Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total transaction of $303,750.72. Following the transaction, the insider now directly owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $265.13, for a total transaction of $291,377.87. Following the transaction, the insider now directly owns 15,878 shares in the company, valued at $4,209,734.14. The disclosure for this sale can be found here. Insiders sold a total of 4,095 shares of company stock worth $1,100,625 over the last ninety days. 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.