Stolper Co Increases Position in McDonald’s Co. (NYSE:MCD)

Stolper Co boosted its holdings in McDonald’s Co. (NYSE:MCD) by 3.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,996 shares of the fast-food giant’s stock after purchasing an additional 216 shares during the period. Stolper Co’s holdings in McDonald’s were worth $1,783,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. Gilbert & Cook Inc. boosted its stake 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 during the last quarter. Aveo Capital Partners LLC grew its stake in McDonald’s by 14.5% in the fourth quarter. Aveo Capital Partners LLC now owns 1,899 shares of the fast-food giant’s stock worth $563,000 after purchasing an additional 240 shares in the last quarter. 9258 Wealth Management LLC increased its holdings in McDonald’s by 4.2% in the fourth quarter. 9258 Wealth Management LLC now owns 2,796 shares of the fast-food giant’s stock valued at $829,000 after buying an additional 113 shares during the last quarter. Gryphon Financial Partners LLC raised its stake in McDonald’s by 99.3% during the fourth quarter. Gryphon Financial Partners LLC now owns 5,892 shares of the fast-food giant’s stock valued at $1,722,000 after buying an additional 2,935 shares in the last quarter. Finally, Navellier & Associates Inc. lifted its holdings in McDonald’s by 15.4% during the 4th quarter. Navellier & Associates Inc. now owns 6,348 shares of the fast-food giant’s stock worth $1,882,000 after buying an additional 845 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Trading Up 1.4 %

NYSE:MCD opened at $296.55 on Friday. The company has a 50-day moving average of $272.89 and a 200-day moving average of $270.80. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $302.39. The firm has a market cap of $213.72 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 (NYSE:MCD) last posted its quarterly earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.07 by ($0.10). The business had revenue of $6.49 billion during the quarter, compared to analyst estimates of $6.62 billion. McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter last year, the firm posted $3.17 EPS. On average, research analysts forecast that McDonald’s Co. will post 11.67 earnings per share for the current year.

McDonald’s Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be issued a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend is Tuesday, September 3rd. McDonald’s’s dividend payout ratio is 56.71%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Evercore ISI upped their price target on McDonald’s from $300.00 to $320.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. Stifel Nicolaus dropped their target price on shares of McDonald’s from $285.00 to $265.00 and set a “hold” rating on the stock in a report on Monday, July 22nd. Bank of America decreased 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. BMO Capital Markets cut their target price on shares of McDonald’s from $330.00 to $315.00 and set an “outperform” rating on the stock in a report on Tuesday, July 30th. Finally, JPMorgan Chase & Co. lowered their target price on McDonald’s from $290.00 to $270.00 and set an “overweight” rating for the company in a report on Tuesday, July 30th. Eleven research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $305.37.

Insider Activity at McDonald’s

In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $286.36, for a total transaction of $428,967.28. Following the completion of the sale, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at $446,721.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of McDonald’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were 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 approximately $446,721.60. 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 stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $260.00, for a total value of $285,740.00. Following the completion of the sale, the insider now owns 13,681 shares of the company’s stock, valued at approximately $3,557,060. The disclosure for this sale can be found here. Insiders sold 6,291 shares of company stock worth $1,689,073 in the last quarter. 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.