Wellington Capital Management Inc. Acquires Shares of 2,822 McDonald’s Corporation $MCD

Wellington Capital Management Inc. bought a new position in shares of McDonald’s Corporation (NYSE:MCD) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,822 shares of the fast-food giant’s stock, valued at approximately $825,000. McDonald’s makes up 1.2% of Wellington Capital Management Inc.’s investment portfolio, making the stock its 20th largest holding.

A number of other hedge funds have also added to or reduced their stakes in MCD. Decker Retirement Planning Inc. grew its holdings in shares of McDonald’s by 142.9% during the second quarter. Decker Retirement Planning Inc. now owns 85 shares of the fast-food giant’s stock worth $25,000 after purchasing an additional 50 shares during the last quarter. Legacy Investment Solutions LLC acquired a new position in shares of McDonald’s during the 2nd quarter valued at $25,000. HFM Investment Advisors LLC bought a new position in McDonald’s in the first quarter worth approximately $26,000. Nova Wealth Management Inc. bought a new stake in McDonald’s during the 1st quarter valued at $26,000. Finally, GFG Capital LLC acquired a new position in McDonald’s during the 2nd quarter valued at about $29,000. 70.29% of the stock is owned by institutional investors.

Insider Buying and Selling at McDonald’s

In related news, EVP Manuel Jm Steijaert sold 13,134 shares of McDonald’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $300.42, for a total value of $3,945,716.28. Following the sale, the executive vice president owned 4,606 shares in the company, valued at $1,383,734.52. The trade was a 74.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Joseph M. Erlinger sold 3,195 shares of the business’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 transaction, the insider directly owned 6,088 shares in the company, valued at approximately $1,861,832.16. The trade was a 34.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 40,030 shares of company stock valued at $12,240,570 in the last 90 days. Insiders own 0.25% of the company’s stock.

Analysts Set New Price Targets

MCD has been the topic of several analyst reports. Mizuho upgraded shares of McDonald’s to a “hold” rating in a report on Tuesday, October 28th. Citigroup cut their target price on McDonald’s from $381.00 to $375.00 and set a “buy” rating on the stock in a research note on Tuesday, October 21st. Royal Bank Of Canada started coverage on McDonald’s in a report on Wednesday, October 8th. They set a “sector perform” rating and a $320.00 price target on the stock. Guggenheim boosted their price objective on McDonald’s from $295.00 to $310.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 19th. Finally, Robert W. Baird raised their target price on McDonald’s from $322.00 to $325.00 and gave the company a “neutral” rating in a research report on Thursday, November 6th. Eleven equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $324.57.

McDonald’s Price Performance

Shares of MCD stock opened at $316.84 on Friday. The business has a 50-day moving average of $304.98 and a 200 day moving average of $303.70. The stock has a market capitalization of $225.64 billion, a PE ratio of 27.03, a P/E/G ratio of 3.52 and a beta of 0.52. McDonald’s Corporation has a 1-year low of $276.53 and a 1-year high of $326.32.

McDonald’s (NYSE:MCD) last released 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 company posted $3.23 EPS. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. Analysts anticipate that McDonald’s Corporation will post 12.25 EPS for the current 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 issued a dividend of $1.86 per share. The ex-dividend date is Monday, December 1st. This represents a $7.44 dividend on an annualized basis and a yield of 2.3%. This is a boost from McDonald’s’s previous quarterly dividend of $1.77. McDonald’s’s dividend payout ratio (DPR) is presently 63.48%.

About McDonald’s

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.