Hanlon Investment Management Inc. Makes New Investment in McDonald’s Co. (NYSE:MCD)

Hanlon Investment Management Inc. acquired a new position in McDonald’s Co. (NYSE:MCD) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 698 shares of the fast-food giant’s stock, valued at approximately $213,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Clarity Financial LLC bought a new position in McDonald’s in the 3rd quarter valued at about $333,000. United Advisor Group LLC increased its holdings in McDonald’s by 11.9% in the 3rd quarter. United Advisor Group LLC now owns 2,778 shares of the fast-food giant’s stock valued at $846,000 after buying an additional 295 shares during the period. ASB Consultores LLC bought a new position in McDonald’s in the 3rd quarter valued at about $284,000. Moloney Securities Asset Management LLC increased its holdings in McDonald’s by 9.0% in the 3rd quarter. Moloney Securities Asset Management LLC now owns 13,611 shares of the fast-food giant’s stock valued at $4,145,000 after buying an additional 1,119 shares during the period. Finally, Catalyst Capital Advisors LLC bought a new position in McDonald’s in the 3rd quarter valued at about $102,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Stock Performance

Shares of NYSE MCD opened at $297.19 on Wednesday. The company has a market capitalization of $213.19 billion, a P/E ratio of 26.09, a price-to-earnings-growth ratio of 3.92 and a beta of 0.74. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90. The company’s 50 day moving average price is $298.60 and its 200-day moving average price is $276.23.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.18 by $0.05. The firm had revenue of $6.87 billion for the quarter, compared to the consensus estimate of $6.82 billion. McDonald’s had a net margin of 31.79% and a negative return on equity of 178.99%. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.19 EPS. Analysts forecast that McDonald’s Co. will post 11.77 earnings per share for the current year.

McDonald’s Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a $1.77 dividend. 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 2.38%. This is an increase from McDonald’s’s previous quarterly dividend of $1.67. McDonald’s’s payout ratio is 58.65%.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now owns 12,583 shares in the company, valued at approximately $3,632,712.10. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Marion K. Gross sold 1,498 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $286.36, for a total transaction of $428,967.28. Following the transaction, the executive vice president now owns 1,560 shares in the company, valued at $446,721.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $288.70, for a total transaction of $316,992.60. Following the transaction, the insider now owns 12,583 shares in the company, valued at $3,632,712.10. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,596 shares of company stock worth $10,698,289. Company insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on MCD shares. JPMorgan Chase & Co. raised their target price on shares of McDonald’s from $270.00 to $290.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Robert W. Baird lowered shares of McDonald’s from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $320.00 to $290.00 in a report on Wednesday, October 23rd. Stifel Nicolaus decreased their target price on shares of McDonald’s from $285.00 to $265.00 and set a “hold” rating on the stock in a report on Monday, July 22nd. Deutsche Bank Aktiengesellschaft decreased their price target on shares of McDonald’s from $295.00 to $290.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Finally, Citigroup lifted their price target on shares of McDonald’s from $301.00 to $317.00 and gave the company a “neutral” rating in a report on Wednesday, October 2nd. Thirteen investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $319.46.

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.