Laffer Tengler Investments Inc. Has $5.93 Million Position in McDonald’s Corporation $MCD

Laffer Tengler Investments Inc. reduced its position in shares of McDonald’s Corporation (NYSE:MCD) by 27.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,300 shares of the fast-food giant’s stock after selling 7,496 shares during the period. Laffer Tengler Investments Inc.’s holdings in McDonald’s were worth $5,931,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. WealthPlan Investment Management LLC raised its position in shares of McDonald’s by 0.9% during the 1st quarter. WealthPlan Investment Management LLC now owns 3,630 shares of the fast-food giant’s stock valued at $1,134,000 after acquiring an additional 32 shares during the last quarter. Security Financial Services INC. boosted its position in shares of McDonald’s by 0.7% in the 1st quarter. Security Financial Services INC. now owns 5,043 shares of the fast-food giant’s stock worth $1,575,000 after purchasing an additional 33 shares during the last quarter. Ascent Wealth Partners LLC grew its stake in shares of McDonald’s by 0.3% during the first quarter. Ascent Wealth Partners LLC now owns 11,588 shares of the fast-food giant’s stock worth $3,620,000 after purchasing an additional 34 shares during the period. Alexander Labrunerie & CO. Inc. increased its holdings in McDonald’s by 3.4% in the first quarter. Alexander Labrunerie & CO. Inc. now owns 1,070 shares of the fast-food giant’s stock valued at $334,000 after purchasing an additional 35 shares during the last quarter. Finally, AGP Franklin LLC lifted its stake in McDonald’s by 0.4% in the first quarter. AGP Franklin LLC now owns 10,001 shares of the fast-food giant’s stock valued at $3,125,000 after buying an additional 35 shares during the period. 70.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MCD. TD Cowen raised their price target on shares of McDonald’s from $305.00 to $315.00 and gave the stock a “hold” rating in a research note on Wednesday, August 6th. Royal Bank Of Canada began coverage on shares of McDonald’s in a research note on Wednesday, October 8th. They issued a “sector perform” rating and a $320.00 price target on the stock. Barclays dropped their target price on McDonald’s from $362.00 to $358.00 and set an “overweight” rating on the stock in a report on Thursday. Bank of America reduced their price target on McDonald’s from $327.00 to $322.00 and set a “neutral” rating for the company in a research report on Friday, July 18th. Finally, Citigroup lowered their price target on McDonald’s from $381.00 to $375.00 and set a “buy” rating on the stock in a research report on Tuesday, October 21st. Eleven research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, McDonald’s currently has a consensus rating of “Hold” and a consensus price target of $323.91.

Insiders Place Their Bets

In other McDonald’s news, EVP Manuel Jm Steijaert sold 13,134 shares of the company’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $300.42, for a total transaction of $3,945,716.28. Following the transaction, the executive vice president owned 4,606 shares in the company, valued at approximately $1,383,734.52. This represents a 74.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Edith Morgan Flatley sold 1,000 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total value of $315,000.00. Following the transaction, the chief marketing officer directly owned 6,858 shares in the company, valued at $2,160,270. The trade was a 12.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 15,134 shares of company stock valued at $4,570,716. Insiders own 0.25% of the company’s stock.

McDonald’s Stock Performance

NYSE MCD opened at $299.71 on Monday. The company has a market capitalization of $213.44 billion, a P/E ratio of 25.68, a P/E/G ratio of 3.23 and a beta of 0.50. The company has a fifty day moving average of $304.39 and a 200-day moving average of $304.94. McDonald’s Corporation has a 52-week low of $276.53 and a 52-week high of $326.32.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.33 by ($0.11). McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. The business had revenue of $7.08 billion for the quarter, compared to analysts’ expectations of $7.10 billion. During the same quarter in the previous year, the company earned $3.23 earnings per share. The business’s quarterly revenue was up 3.0% on a year-over-year basis. As a group, analysts forecast that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a dividend of $1.86 per share. The ex-dividend date is Monday, December 1st. This is a positive change from McDonald’s’s previous quarterly dividend of $1.77. This represents a $7.44 dividend on an annualized basis and a yield of 2.5%. McDonald’s’s dividend payout ratio (DPR) is presently 63.48%.

McDonald’s Company Profile

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.