GW Henssler & Associates Ltd. Raises Position in McDonald’s Corporation $MCD

GW Henssler & Associates Ltd. lifted its stake in McDonald’s Corporation (NYSE:MCD) by 3.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,551 shares of the fast-food giant’s stock after purchasing an additional 1,730 shares during the period. GW Henssler & Associates Ltd.’s holdings in McDonald’s were worth $14,854,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. 1248 Management LLC purchased a new stake in McDonald’s during the first quarter worth about $33,000. Beck Mack & Oliver LLC boosted its holdings in McDonald’s by 73.1% during the first quarter. Beck Mack & Oliver LLC now owns 2,155 shares of the fast-food giant’s stock worth $673,000 after buying an additional 910 shares in the last quarter. ICW Investment Advisors LLC boosted its holdings in McDonald’s by 0.6% during the first quarter. ICW Investment Advisors LLC now owns 10,087 shares of the fast-food giant’s stock worth $3,151,000 after buying an additional 60 shares in the last quarter. Benchstone Capital Management LP boosted its holdings in McDonald’s by 1.2% during the first quarter. Benchstone Capital Management LP now owns 73,240 shares of the fast-food giant’s stock worth $22,878,000 after buying an additional 835 shares in the last quarter. Finally, Armistice Capital LLC purchased a new stake in McDonald’s during the first quarter worth about $12,495,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Trading Up 0.5%

Shares of MCD opened at $313.68 on Monday. The stock has a market cap of $223.85 billion, a P/E ratio of 26.88, a PEG ratio of 3.19 and a beta of 0.49. The company has a 50-day moving average of $301.22 and a two-hundred day moving average of $306.16. McDonald’s Corporation has a 12-month low of $276.53 and a 12-month high of $326.32.

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

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be given a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 2nd. McDonald’s’s payout ratio is currently 60.67%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MCD. Citigroup boosted their price objective on shares of McDonald’s from $364.00 to $365.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. Erste Group Bank downgraded shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a report on Saturday, May 24th. Barclays boosted their price objective on shares of McDonald’s from $355.00 to $360.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. Stifel Nicolaus lifted their target price on shares of McDonald’s from $300.00 to $315.00 and gave the stock a “hold” rating in a research report on Friday, August 22nd. Finally, Guggenheim restated a “neutral” rating on shares of McDonald’s in a research report on Friday, August 8th. Thirteen investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $326.38.

Insider Activity

In other news, EVP Jonathan Banner sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total value of $310,000.00. Following the completion of the transaction, the executive vice president owned 99 shares of the company’s stock, valued at $30,690. The trade was a 90.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CMO Edith Morgan Flatley sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $300.00, for a total transaction of $300,000.00. Following the completion of the transaction, the chief marketing officer directly owned 8,858 shares of the company’s stock, valued at approximately $2,657,400. This represents a 10.14% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 7,341 shares of company stock worth $2,229,327. Corporate insiders own 0.25% of the company’s stock.

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.