Howe & Rusling Inc. Buys 1,664 Shares of McDonald’s Corporation $MCD

Howe & Rusling Inc. increased its stake in shares of McDonald’s Corporation (NYSE:MCD) by 4.6% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 37,748 shares of the fast-food giant’s stock after purchasing an additional 1,664 shares during the period. Howe & Rusling Inc.’s holdings in McDonald’s were worth $11,029,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in MCD. Decker Retirement Planning Inc. boosted its position in shares of McDonald’s by 142.9% in 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 during the period. Legacy Investment Solutions LLC purchased a new stake in McDonald’s in the 2nd quarter worth approximately $25,000. HFM Investment Advisors LLC bought a new position in McDonald’s in the 1st quarter valued at $26,000. Nova Wealth Management Inc. purchased a new position in shares of McDonald’s during the 1st quarter valued at $26,000. Finally, GFG Capital LLC bought a new position in shares of McDonald’s in the second quarter worth $29,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on MCD shares. Guggenheim lifted their price objective on McDonald’s from $295.00 to $310.00 and gave the company a “neutral” rating in a research note on Wednesday. Robert W. Baird raised their price target on McDonald’s from $322.00 to $325.00 and gave the company a “neutral” rating in a report on Thursday, November 6th. Weiss Ratings reiterated a “buy (b-)” rating on shares of McDonald’s in a research 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 report on Thursday, August 7th. Finally, TD Cowen lifted their target price on shares of McDonald’s from $305.00 to $315.00 and gave the company a “hold” rating in a research report on Wednesday, August 6th. Eleven 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 data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $324.57.

Insiders Place Their Bets

In other McDonald’s news, EVP Manuel Jm Steijaert sold 13,134 shares of the company’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $300.42, for a total transaction of $3,945,716.28. Following the completion of the sale, the executive vice president directly owned 4,606 shares in the company, valued at $1,383,734.52. This represents a 74.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CMO Edith Morgan Flatley sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total value of $315,000.00. Following the transaction, the chief marketing officer directly owned 6,858 shares in the company, valued at $2,160,270. This trade represents a 12.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 17,329 shares of company stock valued at $5,237,811 over the last three months. Insiders own 0.25% of the company’s stock.

McDonald’s Trading Down 0.7%

Shares of NYSE MCD opened at $302.50 on Thursday. The stock has a market cap of $215.43 billion, a price-to-earnings ratio of 25.92, a P/E/G ratio of 3.23 and a beta of 0.50. The stock’s 50-day moving average is $302.98 and its 200 day moving average is $304.41. McDonald’s Corporation has a 1-year low of $276.53 and a 1-year 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 analysts’ consensus estimates of $3.33 by ($0.11). The business had revenue of $7.08 billion for 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 firm’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.23 earnings per share. On average, analysts forecast that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Increases Dividend

The firm 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 $1.86 dividend. This represents a $7.44 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Monday, December 1st. This is a boost from McDonald’s’s previous quarterly dividend of $1.77. McDonald’s’s dividend payout ratio is 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.