United Advisor Group LLC Raises Holdings in McDonald’s Corporation $MCD

United Advisor Group LLC increased its stake in shares of McDonald’s Corporation (NYSE:MCD) by 9.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,885 shares of the fast-food giant’s stock after purchasing an additional 341 shares during the period. United Advisor Group LLC’s holdings in McDonald’s were worth $1,135,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MCD. First American Trust FSB raised its holdings in shares of McDonald’s by 8.5% in the second quarter. First American Trust FSB now owns 40,056 shares of the fast-food giant’s stock worth $11,703,000 after acquiring an additional 3,139 shares during the last quarter. Vanguard Group Inc. increased its position in McDonald’s by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 71,331,031 shares of the fast-food giant’s stock worth $20,840,787,000 after purchasing an additional 921,936 shares in the last quarter. Frank Rimerman Advisors LLC raised its stake in McDonald’s by 7.4% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 12,508 shares of the fast-food giant’s stock valued at $3,654,000 after purchasing an additional 866 shares during the last quarter. Nordwand Advisors LLC acquired a new position in McDonald’s in the 2nd quarter valued at about $935,000. Finally, Sykon Capital LLC lifted its holdings in McDonald’s by 5.6% in the 2nd quarter. Sykon Capital LLC now owns 937 shares of the fast-food giant’s stock valued at $274,000 after purchasing an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Trading Down 0.7%

Shares of MCD stock opened at $304.80 on Tuesday. The company has a market cap of $217.06 billion, a PE ratio of 26.12, a P/E/G ratio of 3.23 and a beta of 0.50. The company’s fifty day simple moving average is $303.21 and its 200-day simple moving average is $304.47. McDonald’s Corporation has a 52 week low of $276.53 and a 52 week high of $326.32.

McDonald’s (NYSE:MCD) last posted its earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.11). The company had revenue of $7.08 billion during the quarter, compared to analyst estimates of $7.10 billion. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. McDonald’s’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the business posted $3.23 EPS. Equities research analysts expect that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be paid a dividend of $1.86 per share. This is a boost from McDonald’s’s previous quarterly dividend of $1.77. This represents a $7.44 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Monday, December 1st. McDonald’s’s payout ratio is 63.48%.

Insider Transactions at McDonald’s

In other McDonald’s news, CMO Edith Morgan Flatley sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total value of $315,000.00. Following the transaction, the chief marketing officer directly owned 6,858 shares of the company’s stock, valued at $2,160,270. This represents a 12.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Manuel Jm Steijaert sold 13,134 shares of the stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $300.42, for a total value of $3,945,716.28. Following the transaction, the executive vice president owned 4,606 shares of the company’s stock, valued at approximately $1,383,734.52. This trade represents a 74.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.25% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on MCD. Evercore ISI lifted their price target on shares of McDonald’s from $350.00 to $360.00 and gave the stock an “outperform” rating in a report on Friday, August 8th. Barclays lowered their target price on shares of McDonald’s from $362.00 to $358.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Wells Fargo & Company boosted their price target on McDonald’s from $340.00 to $345.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. Guggenheim decreased their price objective on McDonald’s from $310.00 to $295.00 and set a “neutral” rating on the stock in a report on Friday, October 10th. Finally, JPMorgan Chase & Co. lifted their price objective on McDonald’s from $305.00 to $310.00 and gave the company an “overweight” rating in a research report on Thursday, August 7th. Eleven analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $323.91.

McDonald’s Company Profile

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.