Tsfg LLC Acquires 2,571 Shares of McDonald’s Corporation $MCD

Tsfg LLC grew its stake in shares of McDonald’s Corporation (NYSE:MCD) by 453.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,138 shares of the fast-food giant’s stock after acquiring an additional 2,571 shares during the period. Tsfg LLC’s holdings in McDonald’s were worth $917,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in MCD. HFM Investment Advisors LLC bought a new position in McDonald’s in the 1st quarter worth about $26,000. Nova Wealth Management Inc. bought a new stake in shares of McDonald’s during the first quarter valued at about $26,000. GFG Capital LLC purchased a new stake in shares of McDonald’s in the second quarter worth about $29,000. Abound Financial LLC purchased a new stake in shares of McDonald’s in the first quarter worth about $30,000. Finally, Financial Gravity Asset Management Inc. bought a new position in shares of McDonald’s in the first quarter valued at approximately $31,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at McDonald’s

In related news, CMO Edith Morgan Flatley sold 1,000 shares of the firm’s 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 transaction, the chief marketing officer directly owned 6,858 shares of the company’s stock, valued at approximately $2,160,270. This trade represents a 12.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of the company’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total value of $770,970.00. Following the completion of the sale, the executive vice president directly owned 8,754 shares of the company’s stock, valued at approximately $2,713,740. This represents a 22.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 4,487 shares of company stock valued at $1,395,970. Corporate insiders own 0.25% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of McDonald’s in a report on Friday. Mizuho upgraded shares of McDonald’s to a “hold” rating in a research report on Tuesday, October 28th. Citigroup lowered their price objective 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. Stifel Nicolaus lifted their price objective on McDonald’s from $300.00 to $315.00 and gave the company a “hold” rating in a research note on Friday, August 22nd. Finally, BTIG Research restated a “neutral” rating on shares of McDonald’s in a research report on Friday, October 24th. Eleven analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $323.43.

McDonald’s Stock Performance

NYSE MCD opened at $298.44 on Monday. McDonald’s Corporation has a 52-week low of $276.53 and a 52-week high of $326.32. The company has a fifty day moving average of $305.70 and a 200-day moving average of $305.44. The company has a market capitalization of $212.97 billion, a P/E ratio of 25.57, a P/E/G ratio of 3.23 and a beta of 0.50.

McDonald’s (NYSE:MCD) last released its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 EPS for the quarter, beating analysts’ consensus estimates of $3.15 by $0.04. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The business had revenue of $6.84 billion for the quarter, compared to analysts’ expectations of $6.68 billion. During the same quarter in the prior year, the firm earned $2.97 earnings per share. The firm’s revenue was up 5.4% 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given 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 annualized dividend and a dividend yield of 2.5%. McDonald’s’s dividend payout ratio is currently 63.75%.

McDonald’s 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.