Hamel Associates Inc. Has $6.20 Million Stock Holdings in McDonald’s Corporation $MCD

Hamel Associates Inc. lowered its stake in shares of McDonald’s Corporation (NYSE:MCD) by 3.3% in the second quarter, HoldingsChannel reports. The institutional investor owned 21,214 shares of the fast-food giant’s stock after selling 715 shares during the period. McDonald’s accounts for about 2.1% of Hamel Associates Inc.’s holdings, making the stock its 17th biggest position. Hamel Associates Inc.’s holdings in McDonald’s were worth $6,198,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Nova Wealth Management Inc. purchased a new position in McDonald’s in the first quarter valued at about $26,000. HFM Investment Advisors LLC purchased a new stake in shares of McDonald’s during the 1st quarter worth about $26,000. Decker Retirement Planning Inc. lifted its holdings in shares of McDonald’s by 142.9% during the 2nd quarter. Decker Retirement Planning Inc. now owns 85 shares of the fast-food giant’s stock valued at $25,000 after buying an additional 50 shares during the last quarter. Legacy Investment Solutions LLC bought a new stake in shares of McDonald’s in the 2nd quarter valued at approximately $25,000. Finally, GFG Capital LLC bought a new position in McDonald’s during the second quarter valued at approximately $29,000. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald’s Stock Performance

Shares of NYSE:MCD opened at $311.75 on Friday. The stock’s 50-day moving average is $303.73 and its 200-day moving average is $304.17. The company has a market cap of $222.01 billion, a P/E ratio of 26.71, a P/E/G ratio of 3.23 and a beta of 0.50. McDonald’s Corporation has a 52-week low of $276.53 and a 52-week high of $326.32.

McDonald’s (NYSE:MCD) last announced its earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share for the quarter, missing the consensus estimate of $3.33 by ($0.11). The business had revenue of $7.08 billion for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.23 EPS. As a group, equities analysts predict that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Increases Dividend

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

Analysts Set New Price Targets

Several research firms have commented on MCD. Barclays decreased 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 report on Thursday, November 6th. BMO Capital Markets reissued an “outperform” rating on shares of McDonald’s in a research report on Thursday, November 6th. Evercore ISI boosted their price target on McDonald’s from $350.00 to $360.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. Robert W. Baird upped their price target on McDonald’s from $322.00 to $325.00 and gave the stock a “neutral” rating in a research note on Thursday, November 6th. Finally, Royal Bank Of Canada initiated coverage on McDonald’s in a research note on Wednesday, October 8th. They issued a “sector perform” rating and a $320.00 price objective on the stock. Eleven equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, McDonald’s presently has a consensus rating of “Hold” and an average price target of $324.57.

Insider Activity at McDonald’s

In other news, insider Joseph M. Erlinger sold 3,195 shares of the company’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $305.82, for a total transaction of $977,094.90. Following the completion of the transaction, the insider owned 6,088 shares of the company’s stock, valued at approximately $1,861,832.16. This represents a 34.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Ian Frederick Borden sold 17,134 shares of the stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $310.00, for a total transaction of $5,311,540.00. Following the completion of the sale, the chief financial officer owned 26,353 shares of the company’s stock, valued at approximately $8,169,430. The trade was a 39.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 34,463 shares of company stock worth $10,549,351. 0.25% of the stock is owned by insiders.

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.