J.W. Cole Advisors Inc. Acquires 9,241 Shares of McDonald’s Corporation $MCD

J.W. Cole Advisors Inc. lifted its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 31.9% in the second quarter, according to its most recent filing with the SEC. The firm owned 38,184 shares of the fast-food giant’s stock after acquiring an additional 9,241 shares during the period. J.W. Cole Advisors Inc.’s holdings in McDonald’s were worth $11,156,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Decker Retirement Planning Inc. lifted its stake in McDonald’s by 142.9% during the second quarter. Decker Retirement Planning Inc. now owns 85 shares of the fast-food giant’s stock worth $25,000 after purchasing an additional 50 shares during the period. Legacy Investment Solutions LLC acquired a new position in shares of McDonald’s in the 2nd quarter worth approximately $25,000. HFM Investment Advisors LLC bought a new position in shares of McDonald’s during the 1st quarter worth approximately $26,000. Nova Wealth Management Inc. acquired a new stake in McDonald’s in the 1st quarter valued at $26,000. Finally, GFG Capital LLC bought a new stake in McDonald’s in the second quarter valued at $29,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on MCD shares. Morgan Stanley set a $335.00 price objective on McDonald’s in a report on Friday, October 17th. JPMorgan Chase & Co. lifted their price target on shares of McDonald’s from $305.00 to $310.00 and gave the company an “overweight” rating in a report on Thursday, August 7th. Mizuho upgraded shares of McDonald’s to a “hold” rating in a research report on Tuesday, October 28th. Citigroup decreased their price objective on shares of McDonald’s from $381.00 to $375.00 and set a “buy” rating on the stock in a research note on Tuesday, October 21st. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of McDonald’s in a research note on Thursday, November 6th. Eleven equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $324.57.

McDonald’s Trading Down 1.4%

MCD opened at $304.99 on Tuesday. McDonald’s Corporation has a 1-year low of $276.53 and a 1-year high of $326.32. The stock has a market capitalization of $217.20 billion, a PE ratio of 26.13, a PEG ratio of 3.23 and a beta of 0.50. The firm has a 50-day moving average price of $303.02 and a two-hundred day moving average price of $304.11.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 EPS for the quarter, missing the consensus estimate of $3.33 by ($0.11). The company had revenue of $7.08 billion for the quarter, compared to the consensus estimate of $7.10 billion. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. McDonald’s’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period last year, the company earned $3.23 earnings per share. On average, research analysts predict that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be given a $1.86 dividend. This represents a $7.44 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Monday, December 1st. This is a positive change from McDonald’s’s previous quarterly dividend of $1.77. McDonald’s’s dividend payout ratio is 63.48%.

Insider Transactions at McDonald’s

In related news, EVP Manuel Jm Steijaert sold 13,134 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $300.42, for a total value of $3,945,716.28. Following the transaction, the executive vice president 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 Securities & Exchange Commission, which is available at the SEC website. Also, CMO Edith Morgan Flatley sold 1,000 shares of McDonald’s stock in a transaction dated Tuesday, September 2nd. The stock was 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 of the company’s stock, valued at approximately $2,160,270. The trade was a 12.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 34,463 shares of company stock valued at $10,549,351 over the last quarter. Corporate insiders own 0.25% of the company’s stock.

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.