Koshinski Asset Management Inc. Has $2.72 Million Stake in McDonald’s Corporation $MCD

Koshinski Asset Management Inc. increased its stake in shares of McDonald’s Corporation (NYSE:MCD) by 9.3% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 9,292 shares of the fast-food giant’s stock after acquiring an additional 794 shares during the period. Koshinski Asset Management Inc.’s holdings in McDonald’s were worth $2,715,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Citizens Business Bank increased its holdings in shares of McDonald’s by 0.5% during the 2nd quarter. Citizens Business Bank now owns 12,564 shares of the fast-food giant’s stock valued at $3,671,000 after acquiring an additional 64 shares during the last quarter. Stanley Laman Group Ltd. grew its holdings in McDonald’s by 10.5% in the 2nd quarter. Stanley Laman Group Ltd. now owns 1,571 shares of the fast-food giant’s stock valued at $459,000 after buying an additional 149 shares during the last quarter. Curbstone Financial Management Corp grew its holdings in McDonald’s by 4.3% in the 2nd quarter. Curbstone Financial Management Corp now owns 5,344 shares of the fast-food giant’s stock valued at $1,561,000 after buying an additional 218 shares during the last quarter. Nicholson Wealth Management Group LLC grew its holdings in McDonald’s by 1.9% in the 2nd quarter. Nicholson Wealth Management Group LLC now owns 6,479 shares of the fast-food giant’s stock valued at $1,893,000 after buying an additional 123 shares during the last quarter. Finally, Chevy Chase Trust Holdings LLC grew its holdings in McDonald’s by 0.5% in the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 391,553 shares of the fast-food giant’s stock valued at $114,400,000 after buying an additional 1,797 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Price Performance

Shares of MCD stock opened at $308.02 on Friday. The stock’s fifty day simple moving average is $306.29 and its 200 day simple moving average is $305.54. The firm has a market cap of $219.80 billion, a price-to-earnings ratio of 26.39, a P/E/G ratio of 3.22 and a beta of 0.50. McDonald’s Corporation has a one year low of $276.53 and a one year high of $326.32.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 EPS for the quarter, beating the consensus estimate of $3.15 by $0.04. The business had revenue of $6.84 billion for the quarter, compared to analyst estimates of $6.68 billion. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.McDonald’s’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.97 EPS. On average, research analysts anticipate that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were paid a $1.77 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $7.08 annualized dividend and a yield of 2.3%. McDonald’s’s payout ratio is currently 60.67%.

Insider Buying and Selling

In related news, EVP Desiree Ralls-Morrison sold 2,487 shares of the business’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total value of $770,970.00. Following the sale, the executive vice president owned 8,754 shares of the company’s stock, valued at $2,713,740. The trade was a 22.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of McDonald’s stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total value of $281,221.11. Following the completion of the transaction, the insider owned 9,283 shares of the company’s stock, valued at approximately $2,780,165.67. The trade was a 9.19% decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,402 shares of company stock worth $1,973,407 in the last quarter. Corporate insiders own 0.25% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Wells Fargo & Company lowered their target price on McDonald’s from $350.00 to $340.00 and set an “overweight” rating on the stock in a report on Thursday. Evercore ISI raised their target price on McDonald’s from $350.00 to $360.00 and gave the company an “outperform” rating in a report on Friday, August 8th. Guggenheim lowered their target price on McDonald’s from $310.00 to $295.00 and set a “neutral” rating on the stock in a report on Friday, October 10th. Royal Bank Of Canada initiated coverage on McDonald’s in a report on Wednesday, October 8th. They issued a “sector perform” rating and a $320.00 target price on the stock. Finally, Morgan Stanley set a $335.00 price objective on McDonald’s in a report on Friday. Eleven equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $324.68.

About McDonald’s

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.