Advisory Services Network LLC Increases Holdings in McDonald’s Corporation $MCD

Advisory Services Network LLC increased its holdings in McDonald’s Corporation (NYSE:MCD) by 14.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 47,044 shares of the fast-food giant’s stock after buying an additional 5,934 shares during the quarter. Advisory Services Network LLC’s holdings in McDonald’s were worth $14,116,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in MCD. Decker Retirement Planning Inc. raised its stake in shares of McDonald’s by 142.9% during the 2nd quarter. Decker Retirement Planning Inc. now owns 85 shares of the fast-food giant’s stock valued at $25,000 after buying an additional 50 shares during the last quarter. Legacy Investment Solutions LLC acquired a new stake in McDonald’s during the second quarter worth about $25,000. HFM Investment Advisors LLC acquired a new stake in McDonald’s during the first quarter worth about $26,000. Nova Wealth Management Inc. purchased a new position in McDonald’s during the first quarter valued at approximately $26,000. Finally, GFG Capital LLC acquired a new position in McDonald’s in the second quarter valued at approximately $29,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald’s Stock Up 2.3%

Shares of NYSE:MCD opened at $316.84 on Friday. The business has a fifty day moving average of $304.98 and a two-hundred day moving average of $303.70. The stock has a market cap of $225.64 billion, a P/E ratio of 27.03, a PEG ratio of 3.52 and a beta of 0.52. McDonald’s Corporation has a 52-week low of $276.53 and a 52-week high of $326.32.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share for the quarter, missing the consensus estimate of $3.33 by ($0.11). The business had revenue of $7.08 billion during the quarter, compared to analysts’ expectations of $7.10 billion. McDonald’s had a negative return on equity of 280.89% and a net margin of 32.04%.The company’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.23 earnings per share. On average, equities analysts anticipate that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Increases Dividend

The company also recently declared 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 an increase from McDonald’s’s previous quarterly dividend of $1.77. This represents a $7.44 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Monday, December 1st. McDonald’s’s dividend payout ratio (DPR) is 63.48%.

Insider Activity

In related news, EVP Manuel Jm Steijaert sold 6,567 shares of the business’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $305.50, for a total value of $2,006,218.50. Following the sale, the executive vice president owned 4,606 shares in the company, valued at approximately $1,407,133. The trade was a 58.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Ian Frederick Borden sold 17,134 shares of the firm’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $310.00, for a total value of $5,311,540.00. Following the transaction, the chief financial officer owned 26,353 shares of the company’s stock, valued at $8,169,430. This trade represents a 39.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 40,030 shares of company stock valued at $12,240,570. 0.25% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently issued reports on MCD. Mizuho upgraded shares of McDonald’s to a “hold” rating in a research note on Tuesday, October 28th. Guggenheim raised their target price on McDonald’s from $295.00 to $310.00 and gave the company a “neutral” rating in a research report on Wednesday, November 19th. BTIG Research reaffirmed a “neutral” rating on shares of McDonald’s in a report on Friday, October 24th. Wells Fargo & Company increased their price target on McDonald’s from $340.00 to $345.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. Finally, KeyCorp restated an “overweight” rating and issued a $335.00 price objective on shares of McDonald’s in a research report on Monday, October 20th. Eleven analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, McDonald’s has a consensus rating of “Hold” and a consensus 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.