Shorepoint Capital Partners LLC Acquires Shares of 13,349 McDonald’s Corporation $MCD

Shorepoint Capital Partners LLC bought a new position in shares of McDonald’s Corporation (NYSE:MCD) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 13,349 shares of the fast-food giant’s stock, valued at approximately $4,057,000.

Other hedge funds have also made changes to their positions in the company. Decker Retirement Planning Inc. raised its stake in 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 acquiring an additional 50 shares during the last quarter. Legacy Investment Solutions LLC acquired a new position in shares of McDonald’s in the second quarter valued at approximately $25,000. HFM Investment Advisors LLC purchased a new stake in shares of McDonald’s during the first quarter worth approximately $26,000. Nova Wealth Management Inc. acquired a new stake in shares of McDonald’s during the first quarter worth $26,000. Finally, GFG Capital LLC purchased a new position in McDonald’s in the 2nd quarter valued at $29,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Activity at McDonald’s

In related news, insider Joseph M. Erlinger sold 3,195 shares of the company’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $305.82, for a total value of $977,094.90. Following the completion of the transaction, the insider directly owned 6,088 shares in the company, valued at approximately $1,861,832.16. This represents a 34.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, 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 stock was sold at an average price of $300.42, for a total value of $3,945,716.28. Following the completion of the sale, the executive vice president directly owned 4,606 shares in the company, valued at approximately $1,383,734.52. The trade was a 74.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 40,030 shares of company stock valued at $12,240,570. Company insiders own 0.25% of the company’s stock.

McDonald’s Price Performance

Shares of MCD opened at $318.96 on Tuesday. McDonald’s Corporation has a 1-year low of $276.53 and a 1-year high of $326.32. The stock has a market cap of $227.15 billion, a price-to-earnings ratio of 27.22, a price-to-earnings-growth ratio of 3.52 and a beta of 0.52. The firm has a 50 day simple moving average of $305.44 and a 200-day simple moving average of $303.69.

McDonald’s (NYSE:MCD) last announced its earnings results 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). McDonald’s had a net margin of 32.04% and a negative return on equity of 280.89%. The company had revenue of $7.08 billion for the quarter, compared to analyst estimates of $7.10 billion. During the same quarter last year, the company posted $3.23 EPS. McDonald’s’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, equities analysts expect that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were given a $1.86 dividend. This is a boost 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 2.3%. The ex-dividend date of this dividend was Monday, December 1st. McDonald’s’s dividend payout ratio (DPR) is presently 63.48%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. BTIG Research restated a “neutral” rating on shares of McDonald’s in a research report on Friday, October 24th. BMO Capital Markets reiterated an “outperform” rating on shares of McDonald’s in a research report on Thursday, November 6th. Morgan Stanley set a $335.00 price target on McDonald’s in a research note on Friday, October 17th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of McDonald’s in a research note on Wednesday, December 10th. Finally, Stifel Nicolaus increased their price target on shares of McDonald’s from $300.00 to $315.00 and gave the company a “hold” rating in a report on Friday, August 22nd. Eleven investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $324.57.

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.