Jacobsen Capital Management Boosts Holdings in McDonald’s Corporation $MCD

Jacobsen Capital Management lifted its holdings in McDonald’s Corporation (NYSE:MCD) by 13.2% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,220 shares of the fast-food giant’s stock after purchasing an additional 142 shares during the period. Jacobsen Capital Management’s holdings in McDonald’s were worth $356,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. WealthPlan Investment Management LLC raised its stake in shares of McDonald’s by 0.9% in the first quarter. WealthPlan Investment Management LLC now owns 3,630 shares of the fast-food giant’s stock valued at $1,134,000 after acquiring an additional 32 shares in the last quarter. Security Financial Services INC. increased its holdings in McDonald’s by 0.7% during the 1st quarter. Security Financial Services INC. now owns 5,043 shares of the fast-food giant’s stock worth $1,575,000 after purchasing an additional 33 shares during the period. Ascent Wealth Partners LLC raised its position in McDonald’s by 0.3% in the 1st quarter. Ascent Wealth Partners LLC now owns 11,588 shares of the fast-food giant’s stock valued at $3,620,000 after purchasing an additional 34 shares in the last quarter. Platform Technology Partners boosted its stake in shares of McDonald’s by 0.4% in the 1st quarter. Platform Technology Partners now owns 8,617 shares of the fast-food giant’s stock valued at $2,692,000 after buying an additional 35 shares during the period. Finally, Alexander Labrunerie & CO. Inc. grew its position in shares of McDonald’s by 3.4% during the first quarter. Alexander Labrunerie & CO. Inc. now owns 1,070 shares of the fast-food giant’s stock worth $334,000 after buying an additional 35 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at McDonald’s

In related news, CMO Edith Morgan Flatley sold 1,000 shares of the company’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total value of $315,000.00. Following the completion of the sale, the chief marketing officer owned 6,858 shares in the company, valued at $2,160,270. This represents a 12.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jonathan Banner sold 1,000 shares of the 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 owned 99 shares of the company’s stock, valued at approximately $30,690. This represents a 90.99% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,463 shares of company stock worth $1,692,186. 0.25% of the stock is owned by insiders.

McDonald’s Price Performance

Shares of MCD opened at $307.36 on Wednesday. McDonald’s Corporation has a 1-year low of $276.53 and a 1-year high of $326.32. The stock has a market cap of $219.33 billion, a PE ratio of 26.34, a price-to-earnings-growth ratio of 3.25 and a beta of 0.50. The firm has a fifty day moving average price of $306.47 and a 200 day moving average price of $305.48.

McDonald’s (NYSE:MCD) last posted its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 EPS for the quarter, topping analysts’ consensus estimates of $3.15 by $0.04. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The business had revenue of $6.84 billion for the quarter, compared to analysts’ expectations of $6.68 billion. During the same quarter in the previous year, the firm earned $2.97 earnings per share. The business’s revenue was up 5.4% compared to the same quarter last year. As a group, equities analysts expect that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

Analysts Set New Price Targets

MCD has been the topic of several analyst reports. Bank of America reduced their target price on shares of McDonald’s from $327.00 to $322.00 and set a “neutral” rating on the stock in a report on Friday, July 18th. Morgan Stanley set a $335.00 price objective on shares of McDonald’s in a report on Friday. Stifel Nicolaus lifted their price objective on shares of McDonald’s from $300.00 to $315.00 and gave the stock a “hold” rating in a research report on Friday, August 22nd. BMO Capital Markets boosted their target price on shares of McDonald’s from $350.00 to $360.00 and gave the stock an “outperform” rating in a research note on Thursday, September 4th. Finally, Royal Bank Of Canada assumed coverage on McDonald’s in a research note on Wednesday, October 8th. They issued a “sector perform” rating and a $320.00 price target on the stock. Eleven equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, McDonald’s has a consensus rating of “Hold” and an average price target of $324.41.

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.