First Command Advisory Services Inc. Buys 48 Shares of McDonald’s Corporation $MCD

First Command Advisory Services Inc. lifted its stake in shares of McDonald’s Corporation (NYSE:MCD) by 1.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,981 shares of the fast-food giant’s stock after purchasing an additional 48 shares during the quarter. First Command Advisory Services Inc.’s holdings in McDonald’s were worth $1,455,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in MCD. First American Trust FSB boosted its stake in McDonald’s by 55.9% during the 1st quarter. First American Trust FSB now owns 36,917 shares of the fast-food giant’s stock valued at $11,532,000 after purchasing an additional 13,234 shares during the last quarter. Banque Transatlantique SA boosted its stake in McDonald’s by 58.0% during the 1st quarter. Banque Transatlantique SA now owns 248,826 shares of the fast-food giant’s stock valued at $71,829,000 after purchasing an additional 91,313 shares during the last quarter. Hamilton Capital LLC boosted its stake in McDonald’s by 35.2% during the 1st quarter. Hamilton Capital LLC now owns 3,145 shares of the fast-food giant’s stock valued at $982,000 after purchasing an additional 819 shares during the last quarter. Welch Group LLC boosted its stake in McDonald’s by 1.1% during the 2nd quarter. Welch Group LLC now owns 206,004 shares of the fast-food giant’s stock valued at $60,188,000 after purchasing an additional 2,180 shares during the last quarter. Finally, Red Door Wealth Management LLC boosted its stake in McDonald’s by 1.9% during the 1st quarter. Red Door Wealth Management LLC now owns 5,724 shares of the fast-food giant’s stock valued at $1,788,000 after purchasing an additional 109 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Down 0.3%

Shares of NYSE MCD opened at $306.05 on Monday. McDonald’s Corporation has a twelve month low of $276.53 and a twelve month high of $326.32. The stock’s 50 day moving average price is $306.49 and its 200-day moving average price is $305.67. The company has a market capitalization of $218.39 billion, a PE ratio of 26.23, a PEG ratio of 3.23 and a beta of 0.50.

McDonald’s (NYSE:MCD) last announced its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, topping 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 firm had revenue of $6.84 billion for the quarter, compared to the consensus estimate of $6.68 billion. During the same quarter in the previous year, the business earned $2.97 EPS. The company’s revenue was up 5.4% compared to the same quarter last year. As a group, research analysts expect that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be issued a $1.86 dividend. This is a boost from McDonald’s’s previous quarterly dividend of $1.77. The ex-dividend date of this dividend is Monday, December 1st. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.4%. McDonald’s’s payout ratio is presently 60.67%.

Analysts Set New Price Targets

A number of research firms have issued reports on MCD. Weiss Ratings reiterated a “buy (b)” rating on shares of McDonald’s in a research note on Wednesday, October 8th. Citigroup cut their price target on McDonald’s from $381.00 to $375.00 and set a “buy” rating for the company in a research note on Tuesday, October 21st. Evercore ISI lifted their price target on McDonald’s from $350.00 to $360.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. TD Cowen lifted their price target on McDonald’s from $305.00 to $315.00 and gave the company a “hold” rating in a research note on Wednesday, August 6th. Finally, Wells Fargo & Company cut their price target on McDonald’s from $350.00 to $340.00 and set an “overweight” rating for the company in a research note on Thursday, October 16th. Eleven analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $324.50.

Insider Buying and Selling

In related news, EVP Desiree Ralls-Morrison sold 2,487 shares of McDonald’s stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $310.00, for a total value of $770,970.00. Following the sale, the executive vice president owned 8,754 shares of the company’s stock, valued at approximately $2,713,740. The trade was a 22.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Jonathan Banner sold 1,000 shares of McDonald’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total transaction of $310,000.00. Following the completion of the sale, the executive vice president directly owned 99 shares in the company, valued at $30,690. This trade represents a 90.99% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,463 shares of company stock valued at $1,692,186. 0.25% of the stock is owned by company insiders.

McDonald’s 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.