Clarkston Capital Partners LLC Raises Stock Holdings in McDonald’s Corporation $MCD

Clarkston Capital Partners LLC boosted its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 4.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,650 shares of the fast-food giant’s stock after purchasing an additional 250 shares during the quarter. Clarkston Capital Partners LLC’s holdings in McDonald’s were worth $1,651,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Groupama Asset Managment raised its holdings in McDonald’s by 105.1% in the second quarter. Groupama Asset Managment now owns 9,980 shares of the fast-food giant’s stock valued at $2,910,000 after acquiring an additional 5,115 shares in the last quarter. State Board of Administration of Florida Retirement System increased its holdings in McDonald’s by 1.3% in the second quarter. State Board of Administration of Florida Retirement System now owns 694,650 shares of the fast-food giant’s stock valued at $202,956,000 after buying an additional 9,250 shares during the last quarter. Harfst & Associates Inc. raised its stake in McDonald’s by 97.9% during the second quarter. Harfst & Associates Inc. now owns 3,932 shares of the fast-food giant’s stock valued at $1,149,000 after buying an additional 1,945 shares in the last quarter. Elgethun Capital Management lifted its holdings in McDonald’s by 1.2% during the 2nd quarter. Elgethun Capital Management now owns 3,400 shares of the fast-food giant’s stock worth $993,000 after buying an additional 39 shares during the last quarter. Finally, GM Advisory Group LLC lifted its holdings in McDonald’s by 51.9% during the 2nd quarter. GM Advisory Group LLC now owns 3,833 shares of the fast-food giant’s stock worth $1,120,000 after buying an additional 1,309 shares during the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

McDonald’s Price Performance

Shares of McDonald’s stock opened at $312.43 on Friday. McDonald’s Corporation has a 1-year low of $276.53 and a 1-year high of $326.32. The business’s fifty day moving average price is $303.55 and its two-hundred day moving average price is $304.20. The company has a market capitalization of $222.50 billion, a P/E ratio of 26.77, a PEG ratio of 3.23 and a beta of 0.50.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $7.10 billion. During the same period last year, the business posted $3.23 earnings per share. McDonald’s’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, research analysts expect that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be given a dividend of $1.86 per share. This is a positive change 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 dividend yield of 2.4%. McDonald’s’s payout ratio is presently 63.48%.

Insider Activity at McDonald’s

In other news, EVP Manuel Jm Steijaert sold 13,134 shares of the stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $300.42, for a total value of $3,945,716.28. Following the completion of the transaction, the executive vice president directly owned 4,606 shares in the company, valued at $1,383,734.52. This trade represents a 74.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CMO Edith Morgan Flatley sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total value of $315,000.00. Following the sale, the chief marketing officer directly owned 6,858 shares in the company, valued at approximately $2,160,270. The trade was a 12.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 34,463 shares of company stock valued at $10,549,351. 0.25% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

MCD has been the topic of several research reports. Piper Sandler reissued a “neutral” rating and set a $325.00 price target on shares of McDonald’s in a research report on Wednesday, October 22nd. Citigroup decreased their price target on shares of McDonald’s from $381.00 to $375.00 and set a “buy” rating for the company in a report on Tuesday, October 21st. Morgan Stanley set a $335.00 price objective on shares of McDonald’s in a research note on Friday, October 17th. Stifel Nicolaus upped their target price on McDonald’s from $300.00 to $315.00 and gave the company a “hold” rating in a report on Friday, August 22nd. Finally, JPMorgan Chase & Co. raised their price target on McDonald’s from $305.00 to $310.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. Eleven research 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’s stock. Based on data from MarketBeat.com, McDonald’s has a consensus rating of “Hold” and an average price target of $324.57.

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.