Hengehold Capital Management LLC Has $3.60 Million Stock Holdings in McDonald’s Co. (NYSE:MCD)

Hengehold Capital Management LLC grew its holdings in McDonald’s Co. (NYSE:MCD) by 0.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,772 shares of the fast-food giant’s stock after buying an additional 50 shares during the quarter. Hengehold Capital Management LLC’s holdings in McDonald’s were worth $3,601,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MCD. LaSalle St. Investment Advisors LLC increased its stake in shares of McDonald’s by 3.0% in the third quarter. LaSalle St. Investment Advisors LLC now owns 1,660 shares of the fast-food giant’s stock valued at $437,000 after buying an additional 48 shares in the last quarter. Westfield Capital Management Co. LP increased its stake in shares of McDonald’s by 7.4% in the third quarter. Westfield Capital Management Co. LP now owns 18,454 shares of the fast-food giant’s stock valued at $4,862,000 after buying an additional 1,277 shares in the last quarter. Trexquant Investment LP acquired a new stake in shares of McDonald’s in the third quarter valued at $6,283,000. Private Advisory Group LLC acquired a new stake in shares of McDonald’s in the third quarter valued at $229,000. Finally, Tower Research Capital LLC TRC increased its position in McDonald’s by 16.2% in the third quarter. Tower Research Capital LLC TRC now owns 30,093 shares of the fast-food giant’s stock worth $7,928,000 after purchasing an additional 4,197 shares during the period. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $265.13, for a total value of $291,377.87. Following the completion of the sale, the insider now owns 15,878 shares of the company’s stock, valued at approximately $4,209,734.14. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $265.13, for a total value of $291,377.87. Following the completion of the sale, the insider now owns 15,878 shares of the company’s stock, valued at approximately $4,209,734.14. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total value of $303,750.72. Following the completion of the sale, the insider now owns 16,977 shares in the company, valued at approximately $4,696,517.28. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,095 shares of company stock valued at $1,100,625. 0.23% of the stock is owned by insiders.

McDonald’s Price Performance

NYSE:MCD traded down $4.54 during trading hours on Friday, reaching $253.63. 2,007,022 shares of the stock were exchanged, compared to its average volume of 3,374,530. McDonald’s Co. has a twelve month low of $245.73 and a twelve month high of $302.39. The firm has a 50 day moving average of $263.91 and a 200 day moving average of $279.67. The stock has a market cap of $182.79 billion, a PE ratio of 21.93, a PEG ratio of 2.90 and a beta of 0.71.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. The firm had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.16 billion. During the same period last year, the company earned $2.63 EPS. The company’s revenue was up 4.6% compared to the same quarter last year. Equities research analysts anticipate that McDonald’s Co. will post 12.19 earnings per share for the current year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were issued a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 2.63%. The ex-dividend date was Monday, June 3rd. McDonald’s’s payout ratio is presently 56.71%.

Wall Street Analysts Forecast Growth

MCD has been the subject of several recent research reports. Robert W. Baird dropped their price objective on McDonald’s from $305.00 to $300.00 and set an “outperform” rating for the company in a report on Wednesday, May 1st. JPMorgan Chase & Co. boosted their price objective on McDonald’s from $290.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, June 3rd. The Goldman Sachs Group initiated coverage on McDonald’s in a report on Thursday, June 13th. They set a “neutral” rating and a $288.00 price objective for the company. Truist Financial dropped their price objective on McDonald’s from $337.00 to $320.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. Finally, KeyCorp dropped their price objective on McDonald’s from $315.00 to $310.00 and set an “overweight” rating for the company in a report on Wednesday, May 1st. Ten analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $315.14.

About McDonald’s

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.