Silver Lake Advisory LLC Buys 637 Shares of McDonald’s Co. (NYSE:MCD)

Silver Lake Advisory LLC grew its stake in McDonald’s Co. (NYSE:MCD) by 5.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,616 shares of the fast-food giant’s stock after acquiring an additional 637 shares during the period. Silver Lake Advisory LLC’s holdings in McDonald’s were worth $2,960,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Magnolia Capital Advisors LLC bought a new position in McDonald’s in the second quarter worth approximately $3,663,000. Aviso Wealth Management grew its position in shares of McDonald’s by 5.8% during the 2nd quarter. Aviso Wealth Management now owns 877 shares of the fast-food giant’s stock worth $223,000 after buying an additional 48 shares in the last quarter. Ascent Group LLC increased its stake in shares of McDonald’s by 4.0% during the second quarter. Ascent Group LLC now owns 22,901 shares of the fast-food giant’s stock valued at $5,836,000 after buying an additional 881 shares during the period. Texas Capital Bank Wealth Management Services Inc increased its stake in shares of McDonald’s by 49.9% during the second quarter. Texas Capital Bank Wealth Management Services Inc now owns 2,406 shares of the fast-food giant’s stock valued at $613,000 after buying an additional 801 shares during the period. Finally, Goodman Advisory Group LLC purchased a new stake in McDonald’s in the second quarter worth about $1,575,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Christopher J. Kempczinski sold 11,727 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 49,885 shares of the company’s stock, valued at approximately $14,966,996.55. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Christopher J. Kempczinski sold 9,291 shares of the stock in a transaction on Friday, September 27th. The shares were sold at an average price of $305.00, for a total transaction of $2,833,755.00. Following the sale, the chief executive officer now directly owns 43,256 shares of the company’s stock, valued at $13,193,080. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Christopher J. Kempczinski sold 11,727 shares of McDonald’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $300.03, for a total transaction of $3,518,451.81. Following the completion of the transaction, the chief executive officer now directly owns 49,885 shares of the company’s stock, valued at approximately $14,966,996.55. The disclosure for this sale can be found here. In the last three months, insiders have sold 33,249 shares of company stock valued at $9,865,866. Company insiders own 0.23% of the company’s stock.

McDonald’s Stock Up 0.0 %

Shares of NYSE:MCD opened at $303.69 on Friday. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $306.96. The stock has a market cap of $218.86 billion, a price-to-earnings ratio of 25.78, a PEG ratio of 3.99 and a beta of 0.72. The business has a 50-day moving average price of $281.71 and a 200-day moving average price of $271.02.

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

McDonald’s Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.33%. This is a positive change from McDonald’s’s previous quarterly dividend of $1.67. The ex-dividend date is Monday, December 2nd. McDonald’s’s dividend payout ratio is presently 56.71%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on MCD shares. 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 report on Monday, September 9th. Morgan Stanley reduced their price objective on shares of McDonald’s from $312.00 to $300.00 and set an “overweight” rating for the company in a research note on Thursday, July 11th. Bank of America dropped their target price on McDonald’s from $288.00 to $278.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 30th. BMO Capital Markets reduced their price target on McDonald’s from $330.00 to $315.00 and set an “outperform” rating for the company in a research report on Tuesday, July 30th. Finally, Citigroup raised their price objective on McDonald’s from $275.00 to $301.00 and gave the company a “neutral” rating in a research report on Friday, September 13th. Eleven analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, McDonald’s presently has a consensus rating of “Moderate Buy” and an average target price of $308.22.

McDonald’s Company Profile

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.