Harfst & Associates Inc. Has $1.15 Million Holdings in McDonald’s Corporation $MCD

Harfst & Associates Inc. grew its holdings in McDonald’s Corporation (NYSE:MCD) by 97.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,932 shares of the fast-food giant’s stock after purchasing an additional 1,945 shares during the period. Harfst & Associates Inc.’s holdings in McDonald’s were worth $1,149,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in MCD. Nova Wealth Management Inc. acquired a new position in shares of McDonald’s in the first quarter worth $26,000. HFM Investment Advisors LLC bought a new stake in shares of McDonald’s in the 1st quarter valued at approximately $26,000. Decker Retirement Planning Inc. raised its position in McDonald’s by 142.9% during the second quarter. Decker Retirement Planning Inc. now owns 85 shares of the fast-food giant’s stock valued at $25,000 after acquiring an additional 50 shares in the last quarter. Legacy Investment Solutions LLC bought a new position in McDonald’s during the second quarter valued at approximately $25,000. Finally, GFG Capital LLC bought a new stake in McDonald’s in the second quarter worth approximately $29,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently weighed in on MCD shares. Mizuho upgraded shares of McDonald’s to a “hold” rating in a report on Tuesday, October 28th. Morgan Stanley set a $335.00 price target on McDonald’s in a research note on Friday, October 17th. Robert W. Baird boosted their target price on McDonald’s from $322.00 to $325.00 and gave the stock a “neutral” rating in a report on Thursday, November 6th. Wells Fargo & Company increased their price target on McDonald’s from $340.00 to $345.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. Finally, Barclays reduced their price objective on shares of McDonald’s from $362.00 to $358.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Eleven investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $324.57.

McDonald’s Stock Up 0.6%

MCD stock opened at $312.43 on Thursday. The business’s 50-day simple moving average is $303.32 and its 200 day simple moving average is $304.15. The company has a market cap of $222.50 billion, a PE ratio of 26.77, a price-to-earnings-growth ratio of 3.23 and a beta of 0.50. McDonald’s Corporation has a twelve month low of $276.53 and a twelve month high of $326.32.

McDonald’s (NYSE:MCD) last issued its earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 EPS for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.11). McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. The firm had revenue of $7.08 billion during the quarter, compared to analyst estimates of $7.10 billion. During the same quarter in the previous year, the company posted $3.23 earnings per share. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. On average, equities research analysts anticipate that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be given a dividend of $1.86 per share. This is an increase from McDonald’s’s previous quarterly dividend of $1.77. The ex-dividend date is Monday, December 1st. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.4%. McDonald’s’s dividend payout ratio is 63.48%.

Insider Activity

In other McDonald’s news, insider Joseph M. Erlinger sold 3,195 shares of McDonald’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $305.82, for a total value of $977,094.90. Following the completion of the transaction, the insider owned 6,088 shares in the company, valued at approximately $1,861,832.16. The trade was a 34.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Ian Frederick Borden sold 17,134 shares of the stock in a transaction on Friday, November 21st. The stock was sold at an average price of $310.00, for a total value of $5,311,540.00. Following the sale, the chief financial officer owned 26,353 shares in the company, valued at $8,169,430. The trade was a 39.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 34,463 shares of company stock valued at $10,549,351. Company insiders own 0.25% of the company’s stock.

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.