Hengehold Capital Management LLC Buys 52 Shares of McDonald’s Corporation $MCD

Hengehold Capital Management LLC boosted its stake in McDonald’s Corporation (NYSE:MCD) by 0.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,818 shares of the fast-food giant’s stock after acquiring an additional 52 shares during the period. Hengehold Capital Management LLC’s holdings in McDonald’s were worth $4,037,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Diversified Enterprises LLC raised its position in McDonald’s by 6.8% in the second quarter. Diversified Enterprises LLC now owns 4,304 shares of the fast-food giant’s stock worth $1,257,000 after acquiring an additional 273 shares during the period. Independent Wealth Network Inc. raised its position in McDonald’s by 7.9% in the second quarter. Independent Wealth Network Inc. now owns 808 shares of the fast-food giant’s stock worth $236,000 after acquiring an additional 59 shares during the period. ORG Wealth Partners LLC raised its position in McDonald’s by 3.7% in the second quarter. ORG Wealth Partners LLC now owns 3,031 shares of the fast-food giant’s stock worth $902,000 after acquiring an additional 109 shares during the period. West Branch Capital LLC raised its position in shares of McDonald’s by 4.1% in the second quarter. West Branch Capital LLC now owns 11,127 shares of the fast-food giant’s stock valued at $3,251,000 after purchasing an additional 434 shares during the period. Finally, Valicenti Advisory Services Inc. raised its position in shares of McDonald’s by 0.9% in the second quarter. Valicenti Advisory Services Inc. now owns 12,042 shares of the fast-food giant’s stock valued at $3,518,000 after purchasing an additional 105 shares during the period. Institutional investors own 70.29% of the company’s stock.

Insiders Place Their Bets

In other McDonald’s news, EVP Jonathan Banner sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The stock was 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 owned 99 shares of the company’s stock, valued at $30,690. This represents a 90.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of the company’s stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total value of $281,221.11. Following the transaction, the insider directly owned 9,283 shares of the company’s stock, valued at $2,780,165.67. The trade was a 9.19% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,402 shares of company stock worth $2,273,407. 0.25% of the stock is currently owned by company insiders.

McDonald’s Stock Performance

MCD stock opened at $305.10 on Friday. McDonald’s Corporation has a 52 week low of $276.53 and a 52 week high of $326.32. The firm’s fifty day moving average is $306.48 and its 200 day moving average is $306.19. The firm has a market cap of $217.72 billion, a P/E ratio of 26.14, a P/E/G ratio of 3.11 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 the consensus estimate of $3.15 by $0.04. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. The company had revenue of $6.84 billion for the quarter, compared to analyst estimates of $6.68 billion. During the same quarter last year, the firm earned $2.97 EPS. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. As a group, analysts forecast that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were issued a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Tuesday, September 2nd. McDonald’s’s dividend payout ratio (DPR) is 60.67%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MCD. JPMorgan Chase & Co. boosted their price target on shares of McDonald’s from $305.00 to $310.00 and gave the company an “overweight” rating in a research report on Thursday, August 7th. Redburn Atlantic reissued a “sell” rating and issued a $260.00 price target (down previously from $319.00) on shares of McDonald’s in a research report on Tuesday, June 10th. TD Securities reissued a “hold” rating and issued a $305.00 price target on shares of McDonald’s in a research report on Thursday, June 5th. Guggenheim reaffirmed a “neutral” rating on shares of McDonald’s in a report on Friday, August 8th. Finally, Melius assumed coverage on shares of McDonald’s in a report on Monday, July 14th. They set a “sell” rating and a $250.00 target price on the stock. Eleven equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $325.86.

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.