McDonald’s Corporation $MCD Stock Position Lifted by Highview Capital Management LLC DE

Highview Capital Management LLC DE boosted its stake in McDonald’s Corporation (NYSE:MCD) by 379.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,770 shares of the fast-food giant’s stock after buying an additional 4,567 shares during the quarter. Highview Capital Management LLC DE’s holdings in McDonald’s were worth $1,686,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of MCD. Decker Retirement Planning Inc. grew its stake in McDonald’s by 142.9% in the second quarter. Decker Retirement Planning Inc. now owns 85 shares of the fast-food giant’s stock valued at $25,000 after purchasing an additional 50 shares in the last quarter. Legacy Investment Solutions LLC acquired a new position in McDonald’s in the second quarter worth approximately $25,000. HFM Investment Advisors LLC acquired a new stake in McDonald’s in the first quarter valued at approximately $26,000. Nova Wealth Management Inc. bought a new stake in McDonald’s in the first quarter worth approximately $26,000. Finally, GFG Capital LLC bought a new position in shares of McDonald’s during the 2nd quarter valued at $29,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

McDonald’s Stock Performance

McDonald’s stock opened at $304.83 on Wednesday. McDonald’s Corporation has a 52 week low of $276.53 and a 52 week high of $326.32. The firm has a market cap of $217.08 billion, a P/E ratio of 26.12, a P/E/G ratio of 3.23 and a beta of 0.50. The business’s fifty day moving average is $303.05 and its two-hundred day moving average is $304.42.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Wednesday, November 5th. The fast-food giant reported $3.22 EPS for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.11). The company had revenue of $7.08 billion for the quarter, compared to the consensus estimate of $7.10 billion. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The firm’s revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the company earned $3.23 EPS. On average, equities research analysts predict that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be issued a $1.86 dividend. This is an increase from McDonald’s’s previous quarterly dividend of $1.77. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, December 1st. McDonald’s’s dividend payout ratio (DPR) is 63.48%.

Insider Activity at McDonald’s

In related news, CMO Edith Morgan Flatley sold 1,000 shares of McDonald’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total value of $315,000.00. Following the completion of the sale, the chief marketing officer directly owned 6,858 shares in the company, valued at $2,160,270. This trade represents a 12.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Manuel Jm Steijaert sold 13,134 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $300.42, for a total transaction of $3,945,716.28. Following the completion of the transaction, the executive vice president directly owned 4,606 shares in the company, valued at $1,383,734.52. This trade represents a 74.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 17,329 shares of company stock valued at $5,237,811 over the last quarter. Corporate insiders own 0.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Wells Fargo & Company upped their price target on McDonald’s from $340.00 to $345.00 and gave the stock an “overweight” rating in a research note on Thursday, November 6th. JPMorgan Chase & Co. increased their price target on McDonald’s from $305.00 to $310.00 and gave the company an “overweight” rating in a report on Thursday, August 7th. Barclays dropped their price target on shares of McDonald’s from $362.00 to $358.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Mizuho raised shares of McDonald’s to a “hold” rating in a report on Tuesday, October 28th. Finally, KeyCorp reiterated an “overweight” rating and issued a $335.00 target price on shares of McDonald’s in a report on Monday, October 20th. Eleven analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, McDonald’s currently has an average rating of “Hold” and a consensus target price of $323.91.

McDonald’s 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.