Lockerman Financial Group Inc. Increases Holdings in McDonald’s Co. (NYSE:MCD)

Lockerman Financial Group Inc. boosted its position in McDonald’s Co. (NYSE:MCD) by 13.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,359 shares of the fast-food giant’s stock after buying an additional 163 shares during the period. Lockerman Financial Group Inc.’s holdings in McDonald’s were worth $414,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dixon Mitchell Investment Counsel Inc. acquired a new position in shares of McDonald’s during the 1st quarter worth $28,000. Kings Path Partners LLC purchased a new position in McDonald’s during the 2nd quarter valued at about $38,000. Keener Financial Planning LLC raised its position in McDonald’s by 32.3% during the first quarter. Keener Financial Planning LLC now owns 176 shares of the fast-food giant’s stock worth $50,000 after acquiring an additional 43 shares during the last quarter. Opal Wealth Advisors LLC purchased a new stake in shares of McDonald’s in the second quarter valued at about $59,000. Finally, Redmont Wealth Advisors LLC acquired a new stake in shares of McDonald’s in the first quarter valued at approximately $69,000. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald’s Stock Up 1.1 %

Shares of MCD traded up $3.50 during mid-day trading on Tuesday, reaching $313.34. 3,066,203 shares of the stock traded hands, compared to its average volume of 3,369,963. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $315.36. The firm has a market cap of $225.82 billion, a price-to-earnings ratio of 26.61, a P/E/G ratio of 4.05 and a beta of 0.73. The stock has a fifty day simple moving average of $291.04 and a 200 day simple moving average of $272.69.

McDonald’s (NYSE:MCD) last announced its 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). The business had revenue of $6.49 billion for the quarter, compared to analysts’ expectations of $6.62 billion. McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. The firm’s revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.17 earnings per share. On average, equities research analysts expect that McDonald’s Co. will post 11.71 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a dividend of $1.77 per share. This is a boost from McDonald’s’s previous quarterly dividend of $1.67. This represents a $7.08 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend is Monday, December 2nd. McDonald’s’s dividend payout ratio is 60.10%.

Insider Transactions at McDonald’s

In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of the 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 directly owns 1,560 shares in the company, valued at $446,721.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, EVP Marion K. Gross sold 1,498 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $286.36, for a total value of $428,967.28. Following the completion of the sale, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at $446,721.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Christopher J. Kempczinski sold 11,727 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The shares were 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 owns 49,885 shares in the company, valued at $14,966,996.55. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 34,097 shares of company stock valued at $10,221,233. 0.23% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on MCD shares. Wedbush restated an “outperform” rating and set a $295.00 price objective on shares of McDonald’s in a research report on Monday, July 29th. Loop Capital reissued a “buy” rating and issued a $342.00 price target on shares of McDonald’s in a report on Tuesday, September 10th. Stifel Nicolaus reduced their price objective on McDonald’s from $285.00 to $265.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. Guggenheim lifted their price objective on McDonald’s from $280.00 to $290.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Finally, Robert W. Baird upped their target price on shares of McDonald’s from $280.00 to $320.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. Ten analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $314.92.

McDonald’s 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.