Southeast Asset Advisors LLC Has $2.04 Million Holdings in McDonald’s Corporation $MCD

Southeast Asset Advisors LLC raised its holdings in McDonald’s Corporation (NYSE:MCD) by 16.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,995 shares of the fast-food giant’s stock after buying an additional 1,007 shares during the period. Southeast Asset Advisors LLC’s holdings in McDonald’s were worth $2,044,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of MCD. Decker Retirement Planning Inc. increased its stake in McDonald’s by 142.9% in 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 bought a new stake in shares of McDonald’s in the second quarter valued at approximately $25,000. HFM Investment Advisors LLC bought a new position in shares of McDonald’s in the first quarter worth $26,000. Nova Wealth Management Inc. purchased a new position in shares of McDonald’s in the first quarter valued at $26,000. Finally, GFG Capital LLC bought a new stake in shares of McDonald’s during the 2nd quarter valued at $29,000. 70.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on MCD shares. KeyCorp reaffirmed an “overweight” rating and set a $335.00 target price on shares of McDonald’s in a report on Monday, October 20th. Barclays dropped their price target on McDonald’s from $362.00 to $358.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. JPMorgan Chase & Co. raised their target price on shares of McDonald’s from $305.00 to $310.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. Citigroup decreased their price target on shares of McDonald’s from $381.00 to $375.00 and set a “buy” rating on the stock in a report on Tuesday, October 21st. Finally, Royal Bank Of Canada began coverage on shares of McDonald’s in a research report on Wednesday, October 8th. They issued a “sector perform” rating and a $320.00 target price for the company. Eleven investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $324.57.

Insiders Place Their Bets

In related news, EVP Manuel Jm Steijaert sold 13,134 shares of McDonald’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $300.42, for a total value of $3,945,716.28. Following the sale, the executive vice president owned 4,606 shares in the company, valued at $1,383,734.52. The trade was a 74.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Ian Frederick Borden sold 17,134 shares of the company’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $310.00, for a total transaction of $5,311,540.00. Following the completion of 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 three months, insiders sold 34,463 shares of company stock worth $10,549,351. Insiders own 0.25% of the company’s stock.

McDonald’s Stock Down 1.4%

NYSE:MCD opened at $304.99 on Tuesday. The firm has a market capitalization of $217.20 billion, a P/E ratio of 26.13, a P/E/G ratio of 3.23 and a beta of 0.50. The company has a fifty day moving average of $303.02 and a 200 day moving average of $304.11. McDonald’s Corporation has a 52 week low of $276.53 and a 52 week high of $326.32.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.11). The firm had revenue of $7.08 billion during the quarter, compared to analysts’ expectations 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 was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.23 EPS. As a group, analysts anticipate that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be issued a dividend of $1.86 per share. This is a boost from McDonald’s’s previous quarterly dividend of $1.77. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Monday, December 1st. McDonald’s’s dividend payout ratio is currently 63.48%.

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.