Thompson Davis & CO. Inc. Invests $670,000 in McDonald’s Corporation $MCD

Thompson Davis & CO. Inc. purchased a new position in shares of McDonald’s Corporation (NYSE:MCD) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,294 shares of the fast-food giant’s stock, valued at approximately $670,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in MCD. Nova Wealth Management Inc. purchased a new position in McDonald’s during the first quarter worth about $26,000. HFM Investment Advisors LLC purchased a new position in McDonald’s in the first quarter worth approximately $26,000. Decker Retirement Planning Inc. grew its stake in shares of 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 in the last quarter. Legacy Investment Solutions LLC acquired a new stake in shares of McDonald’s during the 2nd quarter worth about $25,000. Finally, GFG Capital LLC acquired a new position in shares of McDonald’s in the 2nd quarter valued at $29,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. BMO Capital Markets reiterated an “outperform” rating on shares of McDonald’s in a research note on Thursday, November 6th. BTIG Research restated a “neutral” rating on shares of McDonald’s in a report on Friday, October 24th. Guggenheim cut their price objective on McDonald’s from $310.00 to $295.00 and set a “neutral” rating for the company in a research report on Friday, October 10th. Robert W. Baird boosted their price objective on shares of McDonald’s from $322.00 to $325.00 and gave the company a “neutral” rating in a research report on Thursday, November 6th. Finally, Morgan Stanley set a $335.00 price target on McDonald’s in a report on Friday, October 17th. Eleven equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $323.91.

McDonald’s Stock Up 0.2%

Shares of NYSE:MCD opened at $307.43 on Thursday. The company’s 50-day moving average price is $303.72 and its 200 day moving average price is $304.76. McDonald’s Corporation has a fifty-two week low of $276.53 and a fifty-two week high of $326.32. The company has a market cap of $218.94 billion, a PE ratio of 26.29, a P/E/G ratio of 3.23 and a beta of 0.50.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data 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 business had revenue of $7.08 billion for the quarter, compared to analyst estimates of $7.10 billion. During the same quarter in the prior year, the firm posted $3.23 earnings per share. The business’s quarterly revenue was up 3.0% on a year-over-year basis. As a group, equities analysts anticipate that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Increases Dividend

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

Insider Buying and Selling at McDonald’s

In other news, 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 transaction, the executive vice president directly owned 99 shares in the company, valued at approximately $30,690. This trade represents a 90.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Edith Morgan Flatley sold 1,000 shares of the business’s stock in a transaction dated 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 sale, the chief marketing officer owned 6,858 shares in the company, valued at approximately $2,160,270. This trade represents a 12.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 15,134 shares of company stock valued at $4,570,716. Company insiders own 0.25% of the company’s stock.

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.