Paragon Capital Management LLC Has $7.32 Million Stock Position in McDonald’s Corporation $MCD

Paragon Capital Management LLC reduced its position in shares of McDonald’s Corporation (NYSE:MCD) by 1.7% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 25,036 shares of the fast-food giant’s stock after selling 442 shares during the quarter. McDonald’s accounts for 3.8% of Paragon Capital Management LLC’s investment portfolio, making the stock its 7th biggest holding. Paragon Capital Management LLC’s holdings in McDonald’s were worth $7,315,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Decker Retirement Planning Inc. lifted its stake in McDonald’s by 142.9% in the 2nd quarter. Decker Retirement Planning Inc. now owns 85 shares of the fast-food giant’s stock valued at $25,000 after purchasing an additional 50 shares during the last quarter. Legacy Investment Solutions LLC bought a new stake in McDonald’s in the second quarter valued at approximately $25,000. HFM Investment Advisors LLC acquired a new stake in shares of McDonald’s in the first quarter valued at approximately $26,000. Nova Wealth Management Inc. bought a new position in shares of McDonald’s during the 1st quarter worth approximately $26,000. Finally, GFG Capital LLC acquired a new position in shares of McDonald’s during the 2nd quarter worth approximately $29,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Buying and Selling at McDonald’s

In related news, EVP Jonathan Banner sold 1,000 shares of the business’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total value of $310,000.00. Following the completion of the transaction, the executive vice president owned 99 shares of the company’s stock, valued at $30,690. The trade was a 90.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CMO Edith Morgan Flatley sold 1,000 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total transaction of $315,000.00. Following the sale, the chief marketing officer 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 15,134 shares of company stock valued at $4,570,716 in the last three months. Corporate insiders own 0.25% of the company’s stock.

McDonald’s Stock Down 0.3%

Shares of McDonald’s stock opened at $306.74 on Friday. The stock has a market capitalization of $218.45 billion, a price-to-earnings ratio of 26.28, a price-to-earnings-growth ratio of 3.23 and a beta of 0.50. McDonald’s Corporation has a twelve month low of $276.53 and a twelve month high of $326.32. The company has a 50-day simple moving average of $303.37 and a two-hundred day simple moving average of $304.71.

McDonald’s (NYSE:MCD) last announced its earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 EPS for the quarter, missing the consensus estimate of $3.33 by ($0.11). McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The business had revenue of $7.08 billion for the quarter, compared to the consensus estimate of $7.10 billion. During the same period in the prior year, the business posted $3.23 earnings per share. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. On average, sell-side analysts anticipate that McDonald’s Corporation will post 12.25 earnings per share 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. This is a boost from McDonald’s’s previous quarterly dividend of $1.77. The ex-dividend date is Monday, December 1st. This represents a $7.44 dividend on an annualized basis and a yield of 2.4%. McDonald’s’s dividend payout ratio is 63.48%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Robert W. Baird raised their price target on McDonald’s from $322.00 to $325.00 and gave the company a “neutral” rating in a report on Thursday, November 6th. Mizuho raised shares of McDonald’s to a “hold” rating in a research report on Tuesday, October 28th. Bank of America reduced their target price on shares of McDonald’s from $327.00 to $322.00 and set a “neutral” rating for the company in a report on Friday, July 18th. Barclays decreased their price target on shares of McDonald’s from $362.00 to $358.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of McDonald’s in a research report on Friday, October 31st. Eleven investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, McDonald’s presently has an average rating of “Hold” and an average target price of $323.91.

About McDonald’s

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.