Brookmont Capital Management Has $4.11 Million Position in McDonald’s Corporation $MCD

Brookmont Capital Management decreased its position in shares of McDonald’s Corporation (NYSE:MCD) by 3.3% in the 2nd quarter, HoldingsChannel reports. The firm owned 14,078 shares of the fast-food giant’s stock after selling 478 shares during the quarter. McDonald’s accounts for 2.4% of Brookmont Capital Management’s portfolio, making the stock its 10th largest holding. Brookmont Capital Management’s holdings in McDonald’s were worth $4,113,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of MCD. Nova Wealth Management Inc. acquired a new stake in shares of McDonald’s in the 1st quarter valued at approximately $26,000. HFM Investment Advisors LLC acquired a new stake in shares of McDonald’s in the 1st quarter valued at approximately $26,000. Abound Financial LLC acquired a new stake in shares of McDonald’s in the 1st quarter valued at approximately $30,000. Redmont Wealth Advisors LLC acquired a new stake in shares of McDonald’s in the 1st quarter valued at approximately $31,000. Finally, Financial Gravity Asset Management Inc. acquired a new stake in shares of McDonald’s in the 1st quarter valued at approximately $31,000. Institutional investors own 70.29% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on MCD shares. Guggenheim restated a “neutral” rating on shares of McDonald’s in a research note on Friday, August 8th. KeyCorp reiterated an “overweight” rating and set a $335.00 target price (up from $325.00) on shares of McDonald’s in a research report on Thursday, August 7th. TD Securities reiterated a “hold” rating and set a $305.00 target price on shares of McDonald’s in a research report on Thursday, June 5th. Citigroup lifted their target price on shares of McDonald’s from $373.00 to $381.00 and gave the stock a “buy” rating in a research report on Wednesday, September 17th. Finally, Bank of America cut their target price on shares of McDonald’s from $327.00 to $322.00 and set a “neutral” rating on the stock in a research report on Friday, July 18th. Eleven equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $325.86.

McDonald’s Stock Performance

McDonald’s stock opened at $300.81 on Thursday. McDonald’s Corporation has a 52-week low of $276.53 and a 52-week high of $326.32. The firm has a 50 day moving average price of $306.78 and a two-hundred day moving average price of $306.21. The firm has a market cap of $214.66 billion, a price-to-earnings ratio of 25.78, a PEG ratio of 3.09 and a beta of 0.51.

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

McDonald’s Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were issued a dividend of $1.77 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $7.08 annualized dividend and a yield of 2.4%. McDonald’s’s dividend payout ratio (DPR) is presently 60.67%.

Insider Activity

In other news, EVP Desiree Ralls-Morrison sold 2,487 shares of McDonald’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $310.00, for a total value of $770,970.00. Following the completion of the sale, the executive vice president owned 8,754 shares in the company, valued at $2,713,740. The trade was a 22.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CMO Edith Morgan Flatley sold 1,000 shares of McDonald’s stock in a transaction 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 sale, the chief marketing officer owned 8,858 shares of the company’s stock, valued at $2,657,400. This represents a 10.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,402 shares of company stock worth $2,273,407 in the last 90 days. 0.25% of the stock is owned by company insiders.

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.