W.H. Cornerstone Investments Inc. Increases Stock Position in McDonald’s Corporation $MCD

W.H. Cornerstone Investments Inc. boosted its stake in McDonald’s Corporation (NYSE:MCD) by 21.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 1,427 shares of the fast-food giant’s stock after purchasing an additional 250 shares during the period. W.H. Cornerstone Investments Inc.’s holdings in McDonald’s were worth $417,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in MCD. First American Trust FSB increased its stake in McDonald’s by 55.9% in the first quarter. First American Trust FSB now owns 36,917 shares of the fast-food giant’s stock valued at $11,532,000 after purchasing an additional 13,234 shares during the last quarter. Banque Transatlantique SA lifted its position in McDonald’s by 58.0% during the 1st quarter. Banque Transatlantique SA now owns 248,826 shares of the fast-food giant’s stock worth $71,829,000 after acquiring an additional 91,313 shares during the period. Hamilton Capital LLC boosted its holdings in shares of McDonald’s by 35.2% in the first quarter. Hamilton Capital LLC now owns 3,145 shares of the fast-food giant’s stock valued at $982,000 after acquiring an additional 819 shares in the last quarter. Welch Group LLC lifted its holdings in McDonald’s by 1.1% in the second quarter. Welch Group LLC now owns 206,004 shares of the fast-food giant’s stock valued at $60,188,000 after acquiring an additional 2,180 shares during the period. Finally, Banque Cantonale Vaudoise acquired a new stake in shares of McDonald’s in the 1st quarter worth approximately $8,444,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other McDonald’s news, CMO Edith Morgan Flatley sold 1,000 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were 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 of the company’s stock, valued at $2,160,270. This represents a 12.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jonathan Banner sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total transaction of $310,000.00. Following the completion of the transaction, the executive vice president directly owned 99 shares in the company, valued at approximately $30,690. The trade was a 90.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 15,134 shares of company stock valued at $4,570,716. 0.25% of the stock is currently owned by corporate insiders.

McDonald’s Trading Up 0.5%

MCD stock traded up $1.65 during midday trading on Thursday, reaching $308.59. The company had a trading volume of 412,312 shares, compared to its average volume of 3,433,215. The company has a 50 day moving average of $303.72 and a two-hundred day moving average of $304.76. McDonald’s Corporation has a 1 year low of $276.53 and a 1 year high of $326.32. The company has a market capitalization of $219.77 billion, a P/E ratio of 26.44, a PEG ratio of 3.23 and a beta of 0.50.

McDonald’s (NYSE:MCD) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $7.10 billion. During the same period in the previous year, the firm posted $3.23 EPS. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, sell-side analysts anticipate that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid a $1.86 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $7.44 annualized dividend and a yield of 2.4%. This is a positive change from McDonald’s’s previous quarterly dividend of $1.77. McDonald’s’s payout ratio is presently 63.48%.

Analyst Ratings Changes

MCD has been the topic of several analyst reports. Bank of America decreased their price target on shares of McDonald’s from $327.00 to $322.00 and set a “neutral” rating on the stock in a research note on Friday, July 18th. Evercore ISI increased their price target on McDonald’s from $350.00 to $360.00 and gave the company an “outperform” rating in a report on Friday, August 8th. Morgan Stanley set a $335.00 target price on McDonald’s in a research note on Friday, October 17th. BTIG Research reissued a “neutral” rating on shares of McDonald’s in a research report on Friday, October 24th. Finally, Truist Financial lowered their price objective on shares of McDonald’s from $360.00 to $350.00 and set a “buy” rating for the company in a research report on Tuesday, October 14th. Eleven analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $323.91.

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.