SJS Investment Consulting Inc. Grows Position in McDonald’s Corporation $MCD

SJS Investment Consulting Inc. boosted its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 16.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,796 shares of the fast-food giant’s stock after acquiring an additional 1,647 shares during the period. McDonald’s comprises about 0.5% of SJS Investment Consulting Inc.’s portfolio, making the stock its 20th largest position. SJS Investment Consulting Inc.’s holdings in McDonald’s were worth $3,585,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of MCD. Vanguard Group Inc. boosted its stake in shares of McDonald’s by 1.3% during the second quarter. Vanguard Group Inc. now owns 71,331,031 shares of the fast-food giant’s stock valued at $20,840,787,000 after purchasing an additional 921,936 shares in the last quarter. State Street Corp raised its stake in McDonald’s by 0.8% in the second quarter. State Street Corp now owns 34,828,352 shares of the fast-food giant’s stock worth $10,175,800,000 after buying an additional 272,139 shares in the last quarter. Geode Capital Management LLC lifted its holdings in McDonald’s by 1.7% during the second quarter. Geode Capital Management LLC now owns 16,828,420 shares of the fast-food giant’s stock worth $4,901,595,000 after buying an additional 276,065 shares during the period. Norges Bank bought a new stake in McDonald’s during the 2nd quarter valued at $2,780,712,000. Finally, Laurel Wealth Advisors LLC increased its holdings in shares of McDonald’s by 29,382.3% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 5,737,548 shares of the fast-food giant’s stock valued at $1,676,339,000 after acquiring an additional 5,718,087 shares during the period. Institutional investors own 70.29% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on MCD. Wells Fargo & Company boosted their price target on McDonald’s from $340.00 to $345.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. Weiss Ratings reiterated a “buy (b-)” rating on shares of McDonald’s in a report on Friday, October 31st. KeyCorp restated an “overweight” rating and issued a $335.00 price target on shares of McDonald’s in a report on Monday, October 20th. BMO Capital Markets reaffirmed an “outperform” rating on shares of McDonald’s in a research report on Thursday, November 6th. Finally, Morgan Stanley set a $335.00 price objective on shares of McDonald’s in a research note on Friday, October 17th. Eleven analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, McDonald’s has an average rating of “Hold” and an average price target of $324.57.

Insider Transactions at McDonald’s

In other McDonald’s news, EVP Manuel Jm Steijaert sold 6,567 shares of McDonald’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $305.50, for a total transaction of $2,006,218.50. Following the completion of the sale, the executive vice president directly owned 4,606 shares in the company, valued at approximately $1,407,133. The trade was a 58.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 3,195 shares of the company’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $305.82, for a total transaction of $977,094.90. Following the completion of the sale, the insider directly owned 6,088 shares in the company, valued at $1,861,832.16. This trade represents a 34.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 42,516 shares of company stock worth $13,036,090. 0.25% of the stock is owned by company insiders.

McDonald’s Stock Down 0.8%

Shares of McDonald’s stock opened at $305.65 on Friday. The firm has a market capitalization of $217.67 billion, a P/E ratio of 26.08, a PEG ratio of 3.40 and a beta of 0.53. McDonald’s Corporation has a 52 week low of $276.53 and a 52 week high of $326.32. The company has a 50 day moving average price of $307.93 and a 200 day moving average price of $304.21.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.11). McDonald’s had a net margin of 32.04% and a negative return on equity of 280.89%. The company had revenue of $7.08 billion for the quarter, compared to analysts’ expectations of $7.10 billion. During the same period last year, the firm earned $3.23 earnings per share. McDonald’s’s quarterly revenue was up 3.0% compared to the same quarter last year. As a group, research analysts anticipate that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were paid a $1.86 dividend. The ex-dividend date was Monday, December 1st. This is a positive change from McDonald’s’s previous quarterly dividend of $1.77. This represents a $7.44 annualized dividend and a dividend yield of 2.4%. McDonald’s’s dividend payout ratio (DPR) is 63.48%.

McDonald’s Profile

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.