Jmac Enterprises LLC Raises Position in McDonald’s Corporation $MCD

Jmac Enterprises LLC lifted its stake in shares of McDonald’s Corporation (NYSE:MCD) by 18.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,244 shares of the fast-food giant’s stock after purchasing an additional 500 shares during the period. Jmac Enterprises LLC’s holdings in McDonald’s were worth $948,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. WealthPlan Investment Management LLC increased its stake in shares of McDonald’s by 0.9% during the 1st quarter. WealthPlan Investment Management LLC now owns 3,630 shares of the fast-food giant’s stock worth $1,134,000 after purchasing an additional 32 shares during the last quarter. CVA Family Office LLC increased its stake in shares of McDonald’s by 1.9% during the 1st quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant’s stock worth $560,000 after purchasing an additional 33 shares during the last quarter. Consilium Wealth Advisory LLC boosted its holdings in McDonald’s by 2.5% in the 1st quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant’s stock worth $417,000 after buying an additional 33 shares during the period. Security Financial Services INC. boosted its holdings in McDonald’s by 0.7% in the 1st quarter. Security Financial Services INC. now owns 5,043 shares of the fast-food giant’s stock worth $1,575,000 after buying an additional 33 shares during the period. Finally, Tealwood Asset Management Inc. boosted its holdings in McDonald’s by 0.4% in the 1st quarter. Tealwood Asset Management Inc. now owns 8,117 shares of the fast-food giant’s stock worth $2,535,000 after buying an additional 34 shares during the period. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Activity

In other news, CMO Edith Morgan Flatley sold 1,000 shares of McDonald’s stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $300.00, for a total transaction of $300,000.00. Following the completion of the sale, the chief marketing officer directly owned 8,858 shares of the company’s stock, valued at approximately $2,657,400. The trade was a 10.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Jonathan Banner sold 1,000 shares of McDonald’s stock in a transaction 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 sale, the executive vice president directly owned 99 shares of the company’s stock, valued at $30,690. This represents a 90.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,402 shares of company stock valued at $2,273,407 in the last quarter. 0.25% of the stock is currently owned by company insiders.

McDonald’s Price Performance

Shares of NYSE:MCD opened at $300.09 on Friday. The firm has a fifty day moving average price of $306.88 and a two-hundred day moving average price of $306.19. McDonald’s Corporation has a one year low of $276.53 and a one year high of $326.32. The company has a market cap of $214.15 billion, a price-to-earnings ratio of 25.71, a PEG ratio of 3.06 and a beta of 0.50.

McDonald’s (NYSE:MCD) last announced its quarterly 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 firm had revenue of $6.84 billion during the quarter, compared to the consensus estimate of $6.68 billion. During the same period last year, the firm earned $2.97 EPS. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. Equities research analysts expect that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

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 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Tuesday, September 2nd. McDonald’s’s dividend payout ratio (DPR) is presently 60.67%.

Analysts Set New Price Targets

Several research firms recently commented on MCD. Redburn Atlantic reaffirmed a “sell” rating and issued a $260.00 price objective (down from $319.00) on shares of McDonald’s in a report on Tuesday, June 10th. KeyCorp reaffirmed an “overweight” rating and issued a $335.00 price objective (up from $325.00) on shares of McDonald’s in a report on Thursday, August 7th. Evercore ISI raised their price objective on shares of McDonald’s from $350.00 to $360.00 and gave the stock an “outperform” rating in a report on Friday, August 8th. Stifel Nicolaus raised their price objective on shares of McDonald’s from $300.00 to $315.00 and gave the stock a “hold” rating in a report on Friday, August 22nd. Finally, Loop Capital downgraded shares of McDonald’s from a “buy” rating to a “hold” rating and cut their price objective for the stock from $346.00 to $315.00 in a report on Friday, June 6th. Eleven research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $325.86.

About McDonald’s

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.