Thompson Siegel & Walmsley LLC Raises Holdings in McDonald’s Co. (NYSE:MCD)

Thompson Siegel & Walmsley LLC raised its stake in shares of McDonald’s Co. (NYSE:MCD) by 1.4% in the third quarter, Holdings Channel.com reports. The fund owned 46,426 shares of the fast-food giant’s stock after purchasing an additional 621 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in McDonald’s were worth $14,137,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of MCD. Kings Path Partners LLC acquired a new stake in McDonald’s in the second quarter valued at approximately $38,000. Hara Capital LLC purchased a new position in McDonald’s in the 3rd quarter valued at approximately $44,000. Peterson Financial Group Inc. purchased a new stake in shares of McDonald’s in the third quarter valued at about $58,000. Opal Wealth Advisors LLC purchased a new stake in McDonald’s during the 2nd quarter worth about $59,000. Finally, Bbjs Financial Advisors LLC acquired a new position in McDonald’s in the 2nd quarter valued at $65,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $288.70, for a total value of $316,992.60. Following the sale, the insider now directly owns 12,583 shares in the company, valued at approximately $3,632,712.10. This trade represents a 8.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Christopher J. Kempczinski sold 11,727 shares of the firm’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 sale, the chief executive officer now directly owns 49,885 shares in the company, valued at approximately $14,966,996.55. This represents a 19.03 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 35,596 shares of company stock valued at $10,698,289. 0.23% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Tigress Financial upped their target price on McDonald’s from $355.00 to $360.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Baird R W lowered McDonald’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Bank of America boosted their price objective on McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Argus raised McDonald’s from a “hold” rating to a “buy” rating in a research note on Tuesday, October 8th. Finally, Robert W. Baird lowered shares of McDonald’s from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $320.00 to $290.00 in a research report on Wednesday, October 23rd. Thirteen equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $319.46.

McDonald’s Stock Performance

McDonald’s stock opened at $290.89 on Thursday. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90. The firm has a market cap of $208.46 billion, a P/E ratio of 25.54, a P/E/G ratio of 3.87 and a beta of 0.74. The business’s fifty day moving average is $300.06 and its two-hundred day moving average is $277.84.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, topping the consensus estimate of $3.18 by $0.05. The firm had revenue of $6.87 billion during the quarter, compared to analysts’ expectations of $6.82 billion. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. McDonald’s’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.19 EPS. On average, equities research analysts predict that McDonald’s Co. will post 11.77 earnings per share for the current year.

McDonald’s Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.43%. 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. McDonald’s’s dividend payout ratio (DPR) is presently 58.65%.

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.