Hibernia Wealth Partners LLC Has $641,000 Stake in McDonald’s Corporation $MCD

Hibernia Wealth Partners LLC grew its holdings in McDonald’s Corporation (NYSE:MCD) by 186.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,194 shares of the fast-food giant’s stock after purchasing an additional 1,428 shares during the quarter. Hibernia Wealth Partners LLC’s holdings in McDonald’s were worth $641,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. First American Trust FSB raised its holdings in shares of McDonald’s by 55.9% in the 1st quarter. First American Trust FSB now owns 36,917 shares of the fast-food giant’s stock worth $11,532,000 after buying an additional 13,234 shares in the last quarter. Banque Transatlantique SA boosted its stake in McDonald’s by 58.0% in the 1st quarter. Banque Transatlantique SA now owns 248,826 shares of the fast-food giant’s stock valued at $71,829,000 after buying an additional 91,313 shares in the last quarter. Hamilton Capital LLC grew its position in McDonald’s by 35.2% in the first quarter. Hamilton Capital LLC now owns 3,145 shares of the fast-food giant’s stock valued at $982,000 after acquiring an additional 819 shares during the period. Welch Group LLC raised its stake in McDonald’s by 1.1% during the second quarter. Welch Group LLC now owns 206,004 shares of the fast-food giant’s stock worth $60,188,000 after acquiring an additional 2,180 shares in the last quarter. Finally, Banque Cantonale Vaudoise bought a new position in shares of McDonald’s during the first quarter valued at $8,444,000. 70.29% of the stock is currently owned by institutional investors.

McDonald’s Stock Performance

NYSE MCD opened at $307.11 on Friday. The stock has a fifty day moving average of $303.52 and a 200-day moving average of $304.78. The stock has a market capitalization of $218.71 billion, a P/E ratio of 26.32, a price-to-earnings-growth ratio of 3.23 and a beta of 0.50. McDonald’s Corporation has a 52 week low of $276.53 and a 52 week high of $326.32.

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

McDonald’s Increases Dividend

The business also recently disclosed 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. This represents a $7.44 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Monday, December 1st. McDonald’s’s dividend payout ratio is currently 63.48%.

Wall Street Analyst Weigh In

MCD has been the topic of several analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of McDonald’s in a report on Friday, October 31st. JPMorgan Chase & Co. upped their price objective on shares of McDonald’s from $305.00 to $310.00 and gave the stock an “overweight” rating in a research note on Thursday, August 7th. Bank of America dropped their price objective on shares of McDonald’s from $327.00 to $322.00 and set a “neutral” rating for the company in a report on Friday, July 18th. Wells Fargo & Company boosted their target price on McDonald’s from $340.00 to $345.00 and gave the stock an “overweight” rating in a report on Thursday, November 6th. Finally, Mizuho upgraded McDonald’s to a “hold” rating in a research report on Tuesday, October 28th. 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $323.91.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, EVP Manuel Jm Steijaert sold 13,134 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $300.42, for a total transaction of $3,945,716.28. Following the transaction, the executive vice president owned 4,606 shares in the company, valued at approximately $1,383,734.52. This trade represents a 74.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jonathan Banner sold 1,000 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were 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 owned 99 shares in the company, valued at $30,690. This represents a 90.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 15,134 shares of company stock valued at $4,570,716. 0.25% of the stock is currently owned by company insiders.

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.