Steigerwald Gordon & Koch Inc. Acquires 33 Shares of McDonald’s Co. (NYSE:MCD)

Steigerwald Gordon & Koch Inc. raised its holdings in McDonald’s Co. (NYSE:MCD) by 2.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,422 shares of the fast-food giant’s stock after buying an additional 33 shares during the quarter. Steigerwald Gordon & Koch Inc.’s holdings in McDonald’s were worth $433,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

MCD has been the topic of a number of recent research reports. Wedbush reissued an “outperform” rating and issued a $295.00 target price on shares of McDonald’s in a research note on Monday, July 29th. UBS Group increased their price objective on shares of McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. lifted their target price on shares of McDonald’s from $270.00 to $290.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Jefferies Financial Group increased their price target on shares of McDonald’s from $310.00 to $330.00 and gave the company a “buy” rating in a report on Monday, September 9th. Finally, Barclays decreased their price objective on shares of McDonald’s from $320.00 to $300.00 and set an “overweight” rating for the company in a report on Tuesday, July 30th. Ten investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to MarketBeat.com, McDonald’s currently has a consensus rating of “Moderate Buy” and a consensus target price of $310.50.

McDonald’s Trading Up 0.1 %

McDonald’s stock traded up $0.43 during midday trading on Thursday, hitting $304.26. The stock had a trading volume of 390,775 shares, compared to its average volume of 3,377,836. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $306.96. The company has a market capitalization of $219.27 billion, a PE ratio of 25.79, a P/E/G ratio of 3.99 and a beta of 0.73. The firm’s fifty day moving average is $288.93 and its two-hundred day moving average is $272.20.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Monday, July 29th. The fast-food giant reported $2.97 EPS for the quarter, missing the consensus estimate of $3.07 by ($0.10). The firm had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $6.62 billion. McDonald’s had a net margin of 32.25% and a negative return on equity of 178.68%. The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.17 earnings per share. As a group, 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 disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $1.77 dividend. This is a positive change from McDonald’s’s previous quarterly dividend of $1.67. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.33%. McDonald’s’s dividend payout ratio is 60.10%.

Insider Buying and Selling

In other McDonald’s news, CEO Christopher J. Kempczinski sold 9,291 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $305.00, for a total value of $2,833,755.00. Following the completion of the transaction, the chief executive officer now directly owns 43,256 shares in the company, valued at $13,193,080. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other McDonald’s news, CEO Christopher J. Kempczinski sold 11,727 shares of McDonald’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $300.03, for a total value of $3,518,451.81. Following the sale, the chief executive officer now owns 49,885 shares of the company’s stock, valued at $14,966,996.55. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Christopher J. Kempczinski sold 9,291 shares of the stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $305.00, for a total value of $2,833,755.00. Following the transaction, the chief executive officer now owns 43,256 shares of the company’s stock, valued at $13,193,080. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 31,751 shares of company stock worth $9,493,973. 0.23% of the stock is owned by corporate insiders.

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.