McDonald’s Corporation (MCD) Position Lifted by Jackson Wealth Management LLC

Jackson Wealth Management LLC boosted its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 5.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,519 shares of the fast-food giant’s stock after buying an additional 770 shares during the period. McDonald’s makes up about 0.8% of Jackson Wealth Management LLC’s holdings, making the stock its 29th biggest position. Jackson Wealth Management LLC’s holdings in McDonald’s were worth $2,391,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Proficio Capital Partners LLC raised its position in McDonald’s by 0.7% during the second quarter. Proficio Capital Partners LLC now owns 745 shares of the fast-food giant’s stock valued at $117,000 after buying an additional 5 shares during the period. AlphaMark Advisors LLC raised its position in McDonald’s by 0.4% during the second quarter. AlphaMark Advisors LLC now owns 1,288 shares of the fast-food giant’s stock valued at $197,000 after buying an additional 5 shares during the period. Winch Advisory Services LLC raised its position in McDonald’s by 0.4% during the second quarter. Winch Advisory Services LLC now owns 1,598 shares of the fast-food giant’s stock valued at $245,000 after buying an additional 7 shares during the period. Valmark Advisers Inc. increased its position in McDonald’s by 0.3% in the 2nd quarter. Valmark Advisers Inc. now owns 2,381 shares of the fast-food giant’s stock worth $365,000 after purchasing an additional 8 shares during the last quarter. Finally, Allen Investment Management LLC increased its position in McDonald’s by 0.5% in the 2nd quarter. Allen Investment Management LLC now owns 1,725 shares of the fast-food giant’s stock worth $264,000 after purchasing an additional 9 shares during the last quarter. 67.40% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Stephen Easterbrook sold 171,577 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $168.32, for a total transaction of $28,879,840.64. Following the completion of the sale, the insider now owns 49,778 shares in the company, valued at approximately $8,378,632.96. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP James R. Sappington sold 8,046 shares of the stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $165.00, for a total value of $1,327,590.00. Following the sale, the vice president now owns 15,739 shares of the company’s stock, valued at approximately $2,596,935. The disclosure for this sale can be found here. 0.24% of the stock is owned by corporate insiders.

Several research analysts have weighed in on the company. ValuEngine lowered McDonald’s from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Robert W. Baird reaffirmed an “outperform” rating and issued a $170.00 target price on shares of McDonald’s in a research report on Tuesday, October 3rd. Bank of America reaffirmed a “buy” rating and issued a $175.00 target price on shares of McDonald’s in a research report on Monday, August 14th. Royal Bank Of Canada upped their target price on McDonald’s from $175.00 to $180.00 and gave the stock an “outperform” rating in a research report on Friday, October 13th. Finally, Longbow Research raised McDonald’s from a “neutral” rating to a “buy” rating and upped their target price for the stock from $154.05 to $183.00 in a research report on Thursday, September 28th. Ten investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $173.95.

McDonald’s Corporation (NYSE MCD) traded up $2.34 on Wednesday, hitting $172.99. The stock had a trading volume of 3,228,700 shares, compared to its average volume of 3,475,051. The company has a market cap of $136,039.72, a P/E ratio of 26.66, a PEG ratio of 2.79 and a beta of 0.67. McDonald’s Corporation has a 52 week low of $118.18 and a 52 week high of $174.25. The company has a debt-to-equity ratio of -8.17, a quick ratio of 1.27 and a current ratio of 1.28.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.01. The company had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.75 billion. McDonald’s had a negative return on equity of 216.45% and a net margin of 24.19%. The firm’s revenue was down 10.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.62 EPS. research analysts predict that McDonald’s Corporation will post 6.52 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a dividend of $1.01 per share. This is an increase from McDonald’s’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $4.04 annualized dividend and a yield of 2.34%. McDonald’s’s dividend payout ratio is presently 58.30%.

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McDonald’s Company Profile

McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.

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Institutional Ownership by Quarter for McDonald`s (NYSE:MCD)

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