RFG Advisory LLC Boosts Holdings in McDonald’s Co. (NYSE:MCD)

RFG Advisory LLC increased its holdings in shares of McDonald’s Co. (NYSE:MCD) by 17.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,814 shares of the fast-food giant’s stock after buying an additional 1,729 shares during the period. RFG Advisory LLC’s holdings in McDonald’s were worth $3,011,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. New Hampshire Trust raised its holdings in McDonald’s by 1.3% in the second quarter. New Hampshire Trust now owns 21,393 shares of the fast-food giant’s stock valued at $5,452,000 after acquiring an additional 265 shares in the last quarter. Mogy Joel R Investment Counsel Inc. increased its position in shares of McDonald’s by 5.0% in the 2nd quarter. Mogy Joel R Investment Counsel Inc. now owns 7,696 shares of the fast-food giant’s stock valued at $1,961,000 after purchasing an additional 363 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of McDonald’s by 6.3% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 11,726 shares of the fast-food giant’s stock valued at $2,987,000 after purchasing an additional 700 shares in the last quarter. Czech National Bank lifted its position in shares of McDonald’s by 7.6% during the 2nd quarter. Czech National Bank now owns 137,333 shares of the fast-food giant’s stock worth $34,998,000 after purchasing an additional 9,709 shares during the last quarter. Finally, Hurlow Wealth Management Group Inc. increased its holdings in McDonald’s by 4.3% in the second quarter. Hurlow Wealth Management Group Inc. now owns 2,788 shares of the fast-food giant’s stock valued at $710,000 after buying an additional 114 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at McDonald’s

In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of the stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $248.26, for a total transaction of $371,893.48. Following the transaction, the executive vice president now owns 1,560 shares in the company, valued at $387,285.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, EVP Marion K. Gross sold 1,498 shares of the business’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $248.26, for a total transaction of $371,893.48. Following the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at $387,285.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $260.00, for a total transaction of $285,480.00. Following the sale, the insider now owns 14,780 shares in the company, valued at $3,842,800. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,794 shares of company stock valued at $1,234,491. Insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

MCD has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft dropped their price target on shares of McDonald’s from $295.00 to $290.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. BMO Capital Markets cut their price target on shares of McDonald’s from $330.00 to $315.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 30th. JPMorgan Chase & Co. decreased their price objective on shares of McDonald’s from $290.00 to $270.00 and set an “overweight” rating for the company in a research note on Tuesday, July 30th. The Goldman Sachs Group started coverage on McDonald’s in a research report on Thursday, June 13th. They set a “neutral” rating and a $288.00 target price on the stock. Finally, Wedbush reissued an “outperform” rating and issued a $295.00 target price on shares of McDonald’s in a research report on Monday, July 29th. Eleven research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat.com, McDonald’s presently has an average rating of “Moderate Buy” and a consensus target price of $303.00.

McDonald’s Trading Up 0.2 %

NYSE:MCD traded up $0.53 during trading hours on Monday, hitting $268.44. 1,820,507 shares of the stock traded hands, compared to its average volume of 3,585,721. The firm has a 50 day moving average price of $257.41 and a 200 day moving average price of $271.61. The firm has a market cap of $193.46 billion, a price-to-earnings ratio of 22.77, a PEG ratio of 3.58 and a beta of 0.71. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $302.39.

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). McDonald’s had a negative return on equity of 178.92% and a net margin of 32.25%. The company had revenue of $6.49 billion during the quarter, compared to analysts’ expectations of $6.62 billion. During the same period last year, the company earned $3.17 earnings per share. McDonald’s’s revenue for the quarter was down .1% compared to the same quarter last year. Research analysts predict that McDonald’s Co. will post 11.71 EPS for the current year.

McDonald’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be issued a dividend of $1.67 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.49%. McDonald’s’s dividend payout ratio is currently 56.71%.

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.