McDonald’s Co. (NYSE:MCD) Holdings Boosted by Birmingham Capital Management Co. Inc. AL

Birmingham Capital Management Co. Inc. AL boosted its holdings in shares of McDonald’s Co. (NYSE:MCD) by 0.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 35,506 shares of the fast-food giant’s stock after buying an additional 313 shares during the quarter. McDonald’s accounts for approximately 3.5% of Birmingham Capital Management Co. Inc. AL’s portfolio, making the stock its 4th biggest holding. Birmingham Capital Management Co. Inc. AL’s holdings in McDonald’s were worth $9,048,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MCD. Dixon Mitchell Investment Counsel Inc. bought a new position in shares of McDonald’s during the 1st quarter valued at approximately $28,000. Kings Path Partners LLC purchased a new position in McDonald’s during the second quarter valued at approximately $38,000. Accent Capital Management LLC bought a new position in shares of McDonald’s in the fourth quarter worth approximately $44,000. Transcendent Capital Group LLC purchased a new stake in shares of McDonald’s in the fourth quarter worth $45,000. Finally, Keener Financial Planning LLC raised its position 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 valued at $50,000 after purchasing an additional 43 shares during the period. 70.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on MCD shares. Evercore ISI upped their target price on shares of McDonald’s from $300.00 to $320.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. Loop Capital reaffirmed a “buy” rating and issued a $342.00 price objective on shares of McDonald’s in a research note on Tuesday, September 10th. Robert W. Baird lifted their target price on McDonald’s from $280.00 to $320.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. Guggenheim upped their price target on McDonald’s from $280.00 to $290.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Finally, Bank of America reduced their price objective on shares of McDonald’s from $288.00 to $278.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 30th. Eleven research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $308.22.

McDonald’s Stock Performance

NYSE:MCD opened at $304.37 on Tuesday. The firm has a market capitalization of $219.35 billion, a PE ratio of 25.84, a PEG ratio of 3.99 and a beta of 0.72. The stock’s fifty day moving average is $282.61 and its 200 day moving average is $271.09. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $306.96.

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

McDonald’s Increases Dividend

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

Insider Activity

In other McDonald’s news, CEO Christopher J. Kempczinski sold 9,291 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now owns 43,256 shares of the company’s stock, valued at approximately $13,193,080. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Christopher J. Kempczinski sold 11,727 shares of the 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 transaction, the chief executive officer now owns 49,885 shares of the company’s stock, valued at $14,966,996.55. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Christopher J. Kempczinski sold 9,291 shares of McDonald’s stock in a transaction 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 sale, the chief executive officer now directly owns 43,256 shares of the company’s stock, valued at $13,193,080. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 33,249 shares of company stock valued at $9,865,866. 0.23% of the stock is currently owned by 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.