Fox Hill Wealth Management Acquires 2,209 Shares of McDonald's Corporation $MCD

Key Points

• Fox Hill Wealth Management increased its stake in McDonald's Corporation by 70.4%, owning 5,346 shares valued at $1.56 million as of its latest SEC filing.
• McDonald's reported earnings per share (EPS) of $3.19 for the last quarter, exceeding analyst expectations and showing a year-over-year revenue increase of 5.4%.
• The company recently declared a quarterly dividend of $1.77, resulting in an annualized yield of 2.3% for its shareholders.

Fox Hill Wealth Management boosted its stake in McDonald's Corporation (NYSE:MCD - Free Report) by 70.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,346 shares of the fast-food giant's stock after purchasing an additional 2,209 shares during the quarter. Fox Hill Wealth Management's holdings in McDonald's were worth $1,562,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Nuveen LLC purchased a new stake in shares of McDonald's during the 1st quarter valued at about $1,324,961,000. GAMMA Investing LLC raised its position in shares of McDonald's by 39,039.7% during the 1st quarter. GAMMA Investing LLC now owns 3,497,919 shares of the fast-food giant's stock valued at $1,092,645,000 after buying an additional 3,488,982 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of McDonald's by 16.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,341,460 shares of the fast-food giant's stock valued at $2,917,993,000 after buying an additional 1,344,954 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of McDonald's by 19.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,982,825 shares of the fast-food giant's stock valued at $1,556,485,000 after buying an additional 815,768 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of McDonald's during the 4th quarter valued at about $211,824,000. Hedge funds and other institutional investors own 70.29% of the company's stock.

McDonald's Price Performance

MCD stock traded up $1.60 during mid-day trading on Friday, reaching $302.74. The company had a trading volume of 2,195,792 shares, compared to its average volume of 3,533,175. The company has a market capitalization of $216.04 billion, a PE ratio of 25.94, a price-to-earnings-growth ratio of 3.11 and a beta of 0.50. The firm has a 50 day moving average of $306.01 and a 200 day moving average of $306.47. McDonald's Corporation has a 12 month low of $276.53 and a 12 month high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last issued its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 EPS for the quarter, topping analysts' consensus estimates of $3.15 by $0.04. The business had revenue of $6.84 billion for the quarter, compared to the consensus estimate of $6.68 billion. McDonald's had a net margin of 32.21% and a negative return on equity of 225.52%. The company's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.97 EPS. Analysts anticipate that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were paid a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Tuesday, September 2nd. McDonald's's dividend payout ratio is currently 60.67%.

Insider Activity at McDonald's

In other McDonald's news, CMO Edith Morgan Flatley sold 1,000 shares of the company'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 represents a 12.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total transaction of $281,221.11. Following the transaction, the insider owned 9,283 shares in the company, valued at approximately $2,780,165.67. This represents a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,341 shares of company stock valued at $2,544,327 over the last 90 days. 0.25% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on MCD shares. TD Securities restated a "hold" rating and set a $305.00 target price on shares of McDonald's in a research report on Thursday, June 5th. TD Cowen upped 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. Melius started coverage on shares of McDonald's in a research report on Monday, July 14th. They issued a "sell" rating and a $250.00 price objective on the stock. Argus lowered shares of McDonald's from a "buy" rating to a "hold" rating in a research report on Friday, June 13th. Finally, Loop Capital lowered shares of McDonald's from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $346.00 to $315.00 in a research report on Friday, June 6th. Eleven analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $325.86.

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.