McDonald’s Co. (NYSE:MCD) Shares Acquired by Lavaca Capital LLC

Lavaca Capital LLC lifted its holdings in shares of McDonald’s Co. (NYSE:MCD) by 28.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,335 shares of the fast-food giant’s stock after acquiring an additional 296 shares during the period. Lavaca Capital LLC’s holdings in McDonald’s were worth $376,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Dixon Mitchell Investment Counsel Inc. purchased a new stake in shares of McDonald’s in the first quarter valued at about $28,000. Signature Resources Capital Management LLC purchased a new stake in McDonald’s during the 4th quarter valued at approximately $31,000. Clear Investment Research LLC acquired a new stake in McDonald’s during the 4th quarter worth approximately $38,000. Keener Financial Planning LLC purchased a new position in shares of McDonald’s in the 4th quarter valued at approximately $39,000. Finally, Atlantic Edge Private Wealth Management LLC acquired a new position in shares of McDonald’s in the fourth quarter valued at approximately $39,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Price Performance

NYSE MCD traded up $9.48 during trading hours on Monday, hitting $261.48. The company had a trading volume of 9,375,198 shares, compared to its average volume of 3,517,634. The firm’s 50 day moving average is $255.32 and its 200 day moving average is $273.29. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $302.39. The company has a market capitalization of $188.44 billion, a price-to-earnings ratio of 22.20, a P/E/G ratio of 2.92 and a beta of 0.71.

McDonald’s (NYSE:MCD) last issued its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing the consensus estimate of $2.71 by ($0.01). The company had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.16 billion. McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. McDonald’s’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the company earned $2.63 EPS. On average, equities analysts anticipate that McDonald’s Co. will post 12.05 EPS for the current year.

McDonald’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be paid a dividend of $1.67 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.55%. McDonald’s’s dividend payout ratio is currently 56.71%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MCD. UBS Group dropped their price objective on shares of McDonald’s from $340.00 to $335.00 and set a “buy” rating on the stock in a research note on Friday, April 5th. Morgan Stanley cut their price target on shares of McDonald’s from $312.00 to $300.00 and set an “overweight” rating for the company in a report on Thursday, July 11th. Guggenheim dropped their target price on McDonald’s from $315.00 to $280.00 and set a “buy” rating on the stock in a research report on Tuesday, July 2nd. Jefferies Financial Group reduced their price target on McDonald’s from $320.00 to $310.00 and set a “buy” rating for the company in a report on Monday. Finally, Evercore ISI decreased their price target on McDonald’s from $330.00 to $300.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 16th. Ten equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $305.26.

Insider Transactions at McDonald’s

In other McDonald’s news, EVP Jonathan Banner sold 800 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $275.02, for a total value of $220,016.00. Following the transaction, the executive vice president now owns 19 shares in the company, valued at approximately $5,225.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $260.00, for a total value of $285,740.00. Following the sale, the insider now directly owns 13,681 shares of the company’s stock, valued at $3,557,060. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jonathan Banner sold 800 shares of the stock in a transaction on Friday, May 10th. The shares were sold at an average price of $275.02, for a total transaction of $220,016.00. Following the transaction, the executive vice president now owns 19 shares in the company, valued at $5,225.38. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,594 shares of company stock valued at $1,454,507. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Company Profile

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.