Family Capital Management Inc. Makes New Investment in McDonald’s Corporation $MCD

Family Capital Management Inc. acquired a new position in McDonald’s Corporation (NYSE:MCD) during the second quarter, HoldingsChannel reports. The institutional investor acquired 902 shares of the fast-food giant’s stock, valued at approximately $264,000.

A number of other large investors have also added to or reduced their stakes in the company. Jacobsen Capital Management increased its stake in McDonald’s by 13.2% in the 2nd quarter. Jacobsen Capital Management now owns 1,220 shares of the fast-food giant’s stock worth $356,000 after acquiring an additional 142 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in shares of McDonald’s in the 2nd quarter worth approximately $273,000. Schulhoff & Co. Inc. boosted its holdings in shares of McDonald’s by 1.6% in the 2nd quarter. Schulhoff & Co. Inc. now owns 6,058 shares of the fast-food giant’s stock worth $1,770,000 after purchasing an additional 95 shares during the period. D.A. Davidson & CO. boosted its holdings in shares of McDonald’s by 15.6% in the 2nd quarter. D.A. Davidson & CO. now owns 139,718 shares of the fast-food giant’s stock worth $40,822,000 after purchasing an additional 18,895 shares during the period. Finally, Cullen Frost Bankers Inc. boosted its holdings in shares of McDonald’s by 3.9% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 97,457 shares of the fast-food giant’s stock worth $28,474,000 after purchasing an additional 3,698 shares during the period. Institutional investors own 70.29% of the company’s stock.

Insiders Place Their Bets

In other McDonald’s news, CMO Edith Morgan Flatley sold 1,000 shares of the company’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total value of $315,000.00. Following the completion of the sale, the chief marketing officer directly owned 6,858 shares in the company, valued at approximately $2,160,270. This represents a 12.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of the company’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total value of $770,970.00. Following the completion of the sale, the executive vice president owned 8,754 shares of the company’s stock, valued at $2,713,740. This represents a 22.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,463 shares of company stock worth $1,692,186. 0.25% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

MCD has been the subject of a number of recent research reports. Royal Bank Of Canada initiated coverage on McDonald’s in a report on Wednesday, October 8th. They issued a “sector perform” rating and a $320.00 target price for the company. JPMorgan Chase & Co. lifted their target price on McDonald’s from $305.00 to $310.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. Barclays lifted their target price on McDonald’s from $355.00 to $360.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of McDonald’s in a report on Wednesday, October 8th. Finally, Stifel Nicolaus lifted their target price on McDonald’s from $300.00 to $315.00 and gave the stock a “hold” rating in a report on Friday, August 22nd. Eleven equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $324.41.

McDonald’s Stock Down 0.1%

MCD opened at $307.36 on Wednesday. The business has a fifty day moving average of $306.47 and a 200 day moving average of $305.48. McDonald’s Corporation has a 52-week low of $276.53 and a 52-week high of $326.32. The stock has a market cap of $219.33 billion, a P/E ratio of 26.34, a PEG ratio of 3.25 and a beta of 0.50.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.15 by $0.04. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The company had revenue of $6.84 billion during the quarter, compared to analysts’ expectations of $6.68 billion. During the same quarter in the previous year, the business earned $2.97 EPS. McDonald’s’s revenue was up 5.4% compared to the same quarter last year. Equities analysts anticipate that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Company Profile

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.