VestGen Advisors LLC Grows Stake in McDonald’s Corporation $MCD

VestGen Advisors LLC boosted its stake in shares of McDonald’s Corporation (NYSE:MCD) by 1.3% during the 2nd quarter, HoldingsChannel reports. The fund owned 24,556 shares of the fast-food giant’s stock after purchasing an additional 310 shares during the period. VestGen Advisors LLC’s holdings in McDonald’s were worth $7,302,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. First American Trust FSB raised its stake in shares of McDonald’s by 55.9% in the first quarter. First American Trust FSB now owns 36,917 shares of the fast-food giant’s stock worth $11,532,000 after purchasing an additional 13,234 shares during the last quarter. Banque Transatlantique SA increased its holdings in McDonald’s by 58.0% in the 1st quarter. Banque Transatlantique SA now owns 248,826 shares of the fast-food giant’s stock worth $71,829,000 after buying an additional 91,313 shares during the period. Hamilton Capital LLC increased its holdings in McDonald’s by 35.2% in the 1st quarter. Hamilton Capital LLC now owns 3,145 shares of the fast-food giant’s stock worth $982,000 after buying an additional 819 shares during the period. Welch Group LLC raised its position in McDonald’s by 1.1% during the 2nd quarter. Welch Group LLC now owns 206,004 shares of the fast-food giant’s stock worth $60,188,000 after buying an additional 2,180 shares during the last quarter. Finally, Choreo LLC raised its position in McDonald’s by 1.7% during the 2nd quarter. Choreo LLC now owns 58,515 shares of the fast-food giant’s stock worth $17,096,000 after buying an additional 954 shares during the last quarter. 70.29% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CMO Edith Morgan Flatley sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total transaction of $315,000.00. Following the completion of the transaction, the chief marketing officer directly owned 6,858 shares of the company’s stock, valued at $2,160,270. This represents a 12.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Ian Frederick Borden sold 17,134 shares of the stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $310.00, for a total value of $5,311,540.00. Following the transaction, the chief financial officer owned 26,353 shares in the company, valued at $8,169,430. This trade represents a 39.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 34,463 shares of company stock valued at $10,549,351 over the last ninety days. 0.25% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Mizuho raised shares of McDonald’s to a “hold” rating in a report on Tuesday, October 28th. Stifel Nicolaus boosted their target price on shares of McDonald’s from $300.00 to $315.00 and gave the company a “hold” rating in a research report on Friday, August 22nd. JPMorgan Chase & Co. upped 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. Citigroup cut their price target on McDonald’s from $381.00 to $375.00 and set a “buy” rating on the stock in a research report on Tuesday, October 21st. Finally, Wells Fargo & Company boosted their price objective on McDonald’s from $340.00 to $345.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. Eleven analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, McDonald’s has a consensus rating of “Hold” and a consensus price target of $324.57.

McDonald’s Stock Performance

MCD stock opened at $311.75 on Friday. McDonald’s Corporation has a one year low of $276.53 and a one year high of $326.32. The firm’s fifty day moving average is $303.73 and its 200 day moving average is $304.17. The firm has a market cap of $222.01 billion, a PE ratio of 26.71, a P/E/G ratio of 3.23 and a beta of 0.50.

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

McDonald’s Increases Dividend

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

McDonald’s 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.