Magnolia Capital Advisors LLC Makes New $3.66 Million Investment in McDonald’s Co. (NYSE:MCD)

Magnolia Capital Advisors LLC bought a new stake in shares of McDonald’s Co. (NYSE:MCD) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 14,374 shares of the fast-food giant’s stock, valued at approximately $3,663,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Dixon Mitchell Investment Counsel Inc. purchased a new position in McDonald’s in the first quarter valued at about $28,000. Kings Path Partners LLC purchased a new stake in shares of McDonald’s during the second quarter valued at about $38,000. Accent Capital Management LLC bought a new stake in shares of McDonald’s in the 4th quarter valued at about $44,000. Transcendent Capital Group LLC purchased a new position in shares of McDonald’s in the 4th quarter worth approximately $45,000. Finally, Keener Financial Planning LLC raised its stake in shares of McDonald’s by 32.3% during the 1st quarter. Keener Financial Planning LLC now owns 176 shares of the fast-food giant’s stock worth $50,000 after acquiring an additional 43 shares in the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on MCD. Jefferies Financial Group raised their target price on shares of McDonald’s from $310.00 to $330.00 and gave the company a “buy” rating in a research note on Monday, September 9th. The Goldman Sachs Group raised their price objective on McDonald’s from $284.00 to $325.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. Stifel Nicolaus dropped their target price on McDonald’s from $285.00 to $265.00 and set a “hold” rating on the stock in a research note on Monday, July 22nd. Tigress Financial increased their price target on McDonald’s from $355.00 to $360.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Finally, Robert W. Baird boosted their price target on McDonald’s from $280.00 to $320.00 and gave the stock an “outperform” rating in a research note on Thursday. Eleven equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $308.22.

Insider Activity at McDonald’s

In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of the firm’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $248.26, for a total value of $371,893.48. Following the sale, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at $387,285.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $288.70, for a total transaction of $316,992.60. Following the completion of the transaction, the insider now directly owns 12,583 shares in the company, valued at $3,632,712.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Marion K. Gross sold 1,498 shares of McDonald’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total transaction of $371,893.48. Following the completion of the sale, the executive vice president now owns 1,560 shares in the company, valued at approximately $387,285.60. The disclosure for this sale can be found here. Insiders sold a total of 33,249 shares of company stock worth $9,865,866 in the last 90 days. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Trading Up 0.0 %

Shares of NYSE:MCD opened at $303.69 on Friday. The company has a market capitalization of $218.86 billion, a PE ratio of 25.78, a PEG ratio of 3.99 and a beta of 0.72. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $306.96. The business has a 50 day moving average of $281.71 and a two-hundred day moving average of $271.02.

McDonald’s (NYSE:MCD) last posted its earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.07 by ($0.10). The firm had revenue of $6.49 billion during the quarter, compared to analyst estimates of $6.62 billion. McDonald’s had a net margin of 32.25% and a negative return on equity of 178.68%. The business’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.17 earnings per share. Equities research analysts predict that McDonald’s Co. will post 11.69 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a dividend of $1.77 per share. The ex-dividend date of this dividend is Monday, December 2nd. This is a boost from McDonald’s’s previous quarterly dividend of $1.67. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.33%. McDonald’s’s dividend payout ratio (DPR) is 56.71%.

About McDonald’s

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.