McDonald’s Co. (NYSE:MCD) Position Boosted by Hamel Associates Inc.

Hamel Associates Inc. lifted its stake in McDonald’s Co. (NYSE:MCD) by 3.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,635 shares of the fast-food giant’s stock after purchasing an additional 664 shares during the quarter. McDonald’s accounts for 1.8% of Hamel Associates Inc.’s portfolio, making the stock its 25th largest position. Hamel Associates Inc.’s holdings in McDonald’s were worth $5,768,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in MCD. Gilbert & Cook Inc. increased its stake in shares of McDonald’s by 20.7% during the 4th quarter. Gilbert & Cook Inc. now owns 4,384 shares of the fast-food giant’s stock worth $1,300,000 after purchasing an additional 753 shares during the last quarter. Aveo Capital Partners LLC boosted its position in McDonald’s by 14.5% during the fourth quarter. Aveo Capital Partners LLC now owns 1,899 shares of the fast-food giant’s stock worth $563,000 after purchasing an additional 240 shares during the period. 9258 Wealth Management LLC grew its holdings in McDonald’s by 4.2% during the fourth quarter. 9258 Wealth Management LLC now owns 2,796 shares of the fast-food giant’s stock valued at $829,000 after purchasing an additional 113 shares during the last quarter. Gryphon Financial Partners LLC boosted its holdings in shares of McDonald’s by 99.3% during the 4th quarter. Gryphon Financial Partners LLC now owns 5,892 shares of the fast-food giant’s stock worth $1,722,000 after buying an additional 2,935 shares during the period. Finally, Picton Mahoney Asset Management acquired a new position in McDonald’s in the 4th quarter valued at $3,628,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald’s Price Performance

Shares of McDonald’s stock traded down $0.36 during trading on Thursday, hitting $287.67. 786,672 shares of the company were exchanged, compared to its average volume of 3,493,794. The firm has a market capitalization of $207.32 billion, a P/E ratio of 24.42, a price-to-earnings-growth ratio of 3.86 and a beta of 0.72. The firm’s fifty day moving average price is $267.35 and its 200 day moving average price is $270.81. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $302.39.

McDonald’s (NYSE:MCD) last issued its earnings results on Monday, July 29th. The fast-food giant reported $2.97 EPS for the quarter, missing the consensus estimate of $3.07 by ($0.10). McDonald’s had a net margin of 32.25% and a negative return on equity of 178.68%. The firm had revenue of $6.49 billion during the quarter, compared to the consensus estimate of $6.62 billion. During the same period in the previous year, the company posted $3.17 EPS. The firm’s revenue for the quarter was down .1% on a year-over-year basis. As a group, equities research analysts anticipate that McDonald’s Co. will post 11.67 earnings per share for the current year.

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be paid a $1.67 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $6.68 dividend on an annualized basis and a yield of 2.32%. McDonald’s’s payout ratio is 56.71%.

Analyst Ratings Changes

Several brokerages have recently issued reports on MCD. Evercore ISI raised their price target on McDonald’s from $300.00 to $320.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. Morgan Stanley cut their price target on McDonald’s from $312.00 to $300.00 and set an “overweight” rating for the company in a report on Thursday, July 11th. JPMorgan Chase & Co. dropped their target price on shares of McDonald’s from $290.00 to $270.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of McDonald’s from $295.00 to $290.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Finally, KeyCorp cut their price objective on shares of McDonald’s from $310.00 to $305.00 and set an “overweight” rating for the company in a research report on Tuesday, July 30th. Eleven analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $303.89.

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $260.00, for a total value of $285,480.00. Following the transaction, the insider now owns 14,780 shares of the company’s stock, valued at $3,842,800. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $260.00, for a total transaction of $285,740.00. Following the completion of the transaction, the insider now directly owns 13,681 shares in the company, valued at $3,557,060. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $260.00, for a total value of $285,480.00. Following the completion of the sale, the insider now owns 14,780 shares in the company, valued at approximately $3,842,800. The disclosure for this sale can be found here. Insiders sold 6,291 shares of company stock worth $1,689,073 over the last ninety days. 0.23% of the stock is currently owned by corporate insiders.

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.