869 Shares in McDonald’s Co. (NYSE:MCD) Bought by Second Line Capital LLC

Second Line Capital LLC bought a new position in McDonald’s Co. (NYSE:MCD) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 869 shares of the fast-food giant’s stock, valued at approximately $221,000.

Other large investors have also recently added to or reduced their stakes in the company. Dixon Mitchell Investment Counsel Inc. bought a new position in shares of McDonald’s during the first quarter worth about $28,000. Kings Path Partners LLC bought a new stake in McDonald’s in the 2nd quarter valued at approximately $38,000. Accent Capital Management LLC acquired a new position in McDonald’s during the 4th quarter worth approximately $44,000. Transcendent Capital Group LLC bought a new position in shares of McDonald’s during the 4th quarter worth approximately $45,000. Finally, Keener Financial Planning LLC raised its holdings in shares of McDonald’s by 32.3% in the first quarter. Keener Financial Planning LLC now owns 176 shares of the fast-food giant’s stock valued at $50,000 after purchasing an additional 43 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

Insider Buying and Selling at McDonald’s

In other news, CEO Christopher J. Kempczinski sold 9,291 shares of the business’s stock in a transaction dated Friday, September 27th. The stock was 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 in the company, valued at $13,193,080. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, EVP Marion K. Gross sold 1,498 shares of the stock in a transaction 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 completion of the sale, the executive vice president now directly owns 1,560 shares in the company, valued at $387,285.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Christopher J. Kempczinski sold 9,291 shares of McDonald’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 43,256 shares in the company, valued at $13,193,080. The disclosure for this sale can be found here. Over the last three months, insiders sold 33,249 shares of company stock worth $9,865,866. 0.23% of the stock is currently owned by insiders.

McDonald’s Trading Up 0.0 %

MCD opened at $303.69 on Monday. The company has a market cap of $218.86 billion, a P/E ratio of 25.78, a PEG ratio of 3.99 and a beta of 0.72. The company’s 50 day moving average is $281.71 and its 200-day moving average is $270.93. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $306.96.

McDonald’s (NYSE:MCD) last issued its earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.10). The company 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 quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.17 EPS. On average, equities analysts forecast that McDonald’s Co. will post 11.69 EPS for the current year.

McDonald’s Increases Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date is Monday, December 2nd. This is a boost from McDonald’s’s previous quarterly dividend of $1.67. McDonald’s’s dividend payout ratio is presently 56.71%.

Analyst Ratings Changes

A number of research firms recently weighed in on MCD. Tigress Financial raised their target price on shares of McDonald’s from $355.00 to $360.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Citigroup raised their price objective on McDonald’s from $275.00 to $301.00 and gave the company a “neutral” rating in a report on Friday, September 13th. Barclays lowered their target price on McDonald’s from $320.00 to $300.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 30th. Robert W. Baird raised their price target on McDonald’s from $280.00 to $320.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Evercore ISI upped their price objective on McDonald’s from $300.00 to $320.00 and gave the stock an “outperform” rating in a research note on Monday, August 19th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.