Lansing Street Advisors Grows Stock Position in McDonald’s Corporation $MCD

Lansing Street Advisors boosted its position in shares of McDonald’s Corporation (NYSE:MCD) by 0.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 52,481 shares of the fast-food giant’s stock after acquiring an additional 259 shares during the period. McDonald’s accounts for about 4.6% of Lansing Street Advisors’ investment portfolio, making the stock its 3rd largest position. Lansing Street Advisors’ holdings in McDonald’s were worth $15,333,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MCD. HFM Investment Advisors LLC bought a new stake in McDonald’s during the 1st quarter worth approximately $26,000. Nova Wealth Management Inc. purchased a new stake in McDonald’s during the 1st quarter valued at approximately $26,000. Abound Financial LLC purchased a new stake in McDonald’s during the 1st quarter valued at approximately $30,000. Redmont Wealth Advisors LLC purchased a new stake in McDonald’s during the 1st quarter valued at approximately $31,000. Finally, Financial Gravity Asset Management Inc. purchased a new stake in McDonald’s during the 1st quarter valued at approximately $31,000. Institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Up 0.1%

MCD stock opened at $296.35 on Wednesday. McDonald’s Corporation has a twelve month low of $276.53 and a twelve month high of $326.32. The stock has a market capitalization of $211.47 billion, a price-to-earnings ratio of 25.39, a price-to-earnings-growth ratio of 3.01 and a beta of 0.50. The firm’s fifty day simple moving average is $306.74 and its two-hundred day simple moving average is $306.02.

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

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were given a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Tuesday, September 2nd. McDonald’s’s dividend payout ratio (DPR) is 60.67%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MCD. Evercore ISI increased 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. Melius started coverage on shares of McDonald’s in a report on Monday, July 14th. They set a “sell” rating and a $250.00 price objective for the company. BMO Capital Markets raised their target price on shares of McDonald’s from $350.00 to $360.00 and gave the company an “outperform” rating in a report on Thursday, September 4th. Guggenheim reissued a “neutral” rating on shares of McDonald’s in a report on Friday, August 8th. Finally, TD Cowen raised their target price on shares of McDonald’s from $305.00 to $315.00 and gave the company a “hold” rating in a report on Wednesday, August 6th. Twelve research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $325.86.

Insiders Place Their Bets

In related news, CMO Edith Morgan Flatley sold 1,000 shares of McDonald’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total value of $315,000.00. Following the completion of the sale, the chief marketing officer directly owned 6,858 shares in the company, valued at $2,160,270. The trade was a 12.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of McDonald’s stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total value of $281,221.11. Following the completion of the sale, the insider owned 9,283 shares of the company’s stock, valued at $2,780,165.67. The trade was a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,402 shares of company stock valued at $2,273,407 in the last three months. 0.25% of the stock is 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.