Highview Capital Management LLC DE Buys 4,567 Shares of McDonald’s Corporation $MCD

Highview Capital Management LLC DE increased its position in shares of McDonald’s Corporation (NYSE:MCD) by 379.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,770 shares of the fast-food giant’s stock after acquiring an additional 4,567 shares during the quarter. Highview Capital Management LLC DE’s holdings in McDonald’s were worth $1,686,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Wealthspire Advisors LLC grew its position in shares of McDonald’s by 1.7% in the 2nd quarter. Wealthspire Advisors LLC now owns 33,702 shares of the fast-food giant’s stock valued at $9,847,000 after purchasing an additional 552 shares during the period. Perennial Investment Advisors LLC raised its holdings in shares of McDonald’s by 4.0% during the second quarter. Perennial Investment Advisors LLC now owns 1,623 shares of the fast-food giant’s stock worth $474,000 after acquiring an additional 62 shares during the period. Diversified Portfolios Inc. raised its holdings in shares of McDonald’s by 6.0% during the second quarter. Diversified Portfolios Inc. now owns 2,742 shares of the fast-food giant’s stock worth $801,000 after acquiring an additional 155 shares during the period. Purus Wealth Management LLC bought a new stake in McDonald’s in the 2nd quarter valued at $231,000. Finally, United Advisor Group LLC boosted its stake in McDonald’s by 9.6% in the 2nd quarter. United Advisor Group LLC now owns 3,885 shares of the fast-food giant’s stock worth $1,135,000 after purchasing an additional 341 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on MCD. JPMorgan Chase & Co. boosted their price target on McDonald’s from $305.00 to $310.00 and gave the company an “overweight” rating in a report on Thursday, August 7th. TD Cowen lifted their target price on McDonald’s from $305.00 to $315.00 and gave the company a “hold” rating in a research report on Wednesday, August 6th. Barclays decreased their price target 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. Evercore ISI lifted their price objective on shares of McDonald’s from $350.00 to $360.00 and gave the company an “outperform” rating in a report on Friday, August 8th. Finally, Royal Bank Of Canada initiated coverage on shares of McDonald’s in a report on Wednesday, October 8th. They set a “sector perform” rating and a $320.00 target price for the company. Eleven research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $323.91.

Insider Buying and Selling at McDonald’s

In other news, insider Joseph M. Erlinger sold 3,195 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $305.82, for a total transaction of $977,094.90. Following the completion of the sale, the insider owned 6,088 shares in the company, valued at $1,861,832.16. The trade was a 34.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CMO Edith Morgan Flatley sold 1,000 shares of the stock in a transaction that occurred 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 transaction, the chief marketing officer owned 6,858 shares in the company, valued at approximately $2,160,270. This trade represents a 12.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 17,329 shares of company stock valued at $5,237,811 in the last quarter. 0.25% of the stock is currently owned by insiders.

McDonald’s Trading Down 0.0%

NYSE:MCD opened at $304.83 on Wednesday. The stock has a market capitalization of $217.08 billion, a PE ratio of 26.12, a P/E/G ratio of 3.23 and a beta of 0.50. McDonald’s Corporation has a 1-year low of $276.53 and a 1-year high of $326.32. The firm has a fifty day simple moving average of $303.05 and a 200 day simple moving average of $304.42.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data 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). The firm had revenue of $7.08 billion during the quarter, compared to the consensus estimate of $7.10 billion. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. The business’s revenue was up 3.0% on a year-over-year basis. During the same period last year, the business earned $3.23 EPS. On average, equities analysts predict that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid a $1.86 dividend. This is a boost 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 yield of 2.4%. McDonald’s’s dividend payout ratio (DPR) is currently 63.48%.

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.