Klingman & Associates LLC Has $1.59 Million Stake in McDonald’s Corporation $MCD

Klingman & Associates LLC raised its stake in shares of McDonald’s Corporation (NYSE:MCD) by 9.3% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 5,437 shares of the fast-food giant’s stock after purchasing an additional 462 shares during the period. Klingman & Associates LLC’s holdings in McDonald’s were worth $1,589,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. First American Trust FSB boosted its stake in McDonald’s by 55.9% during the 1st quarter. First American Trust FSB now owns 36,917 shares of the fast-food giant’s stock valued at $11,532,000 after purchasing an additional 13,234 shares during the last quarter. Banque Transatlantique SA boosted its stake in shares of McDonald’s by 58.0% in the 1st quarter. Banque Transatlantique SA now owns 248,826 shares of the fast-food giant’s stock worth $71,829,000 after buying an additional 91,313 shares during the last quarter. Hamilton Capital LLC boosted its stake in shares of McDonald’s by 35.2% in the 1st quarter. Hamilton Capital LLC now owns 3,145 shares of the fast-food giant’s stock worth $982,000 after buying an additional 819 shares during the last quarter. Welch Group LLC boosted its stake in shares of McDonald’s by 1.1% in the 2nd quarter. Welch Group LLC now owns 206,004 shares of the fast-food giant’s stock worth $60,188,000 after buying an additional 2,180 shares during the last quarter. Finally, Red Door Wealth Management LLC boosted its stake in shares of McDonald’s by 1.9% in the 1st quarter. Red Door Wealth Management LLC now owns 5,724 shares of the fast-food giant’s stock worth $1,788,000 after buying an additional 109 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Buying and Selling

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 2,487 shares of the firm’s stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total value of $770,970.00. Following the completion of the transaction, the executive vice president owned 8,754 shares in the company, valued at $2,713,740. This trade represents a 22.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of McDonald’s stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total value of $281,221.11. Following the transaction, the insider directly owned 9,283 shares of the company’s stock, valued at $2,780,165.67. The trade was a 9.19% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,402 shares of company stock worth $1,973,407. Company insiders own 0.25% of the company’s stock.

McDonald’s Trading Down 0.0%

NYSE:MCD opened at $307.94 on Tuesday. The stock has a market capitalization of $219.75 billion, a PE ratio of 26.39, a price-to-earnings-growth ratio of 3.25 and a beta of 0.50. The firm’s 50 day moving average is $306.36 and its 200 day moving average is $305.47. McDonald’s Corporation has a 12 month low of $276.53 and a 12 month high of $326.32.

McDonald’s (NYSE:MCD) last posted its 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 negative return on equity of 225.52% and a net margin of 32.21%.The firm had revenue of $6.84 billion for the quarter, compared to the consensus estimate of $6.68 billion. During the same quarter in the prior year, the business posted $2.97 earnings per share. The business’s quarterly revenue was up 5.4% on a year-over-year basis. Research analysts predict that McDonald’s Corporation will post 12.25 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Morgan Stanley set a $335.00 target price on McDonald’s in a research note on Friday. Barclays boosted their target price on McDonald’s from $355.00 to $360.00 and gave the stock an “overweight” rating in a research note on Thursday, August 7th. Royal Bank Of Canada assumed coverage on McDonald’s in a research note on Wednesday, October 8th. They issued a “sector perform” rating and a $320.00 target price on the stock. The Goldman Sachs Group upgraded McDonald’s from a “neutral” rating to a “buy” rating and set a $345.00 target price on the stock in a research note on Thursday, July 10th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of McDonald’s in a report on Wednesday, October 8th. Eleven investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, McDonald’s has a consensus rating of “Hold” and an average target price of $324.68.

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.