McDonald's Corporation $MCD Shares Purchased by GW Henssler & Associates Ltd.

Key Points

• GW Henssler & Associates Ltd. increased its stake in McDonald's Corporation by 3.8%, holding a total of 47,551 shares worth approximately $14.85 million.
• McDonald's reported earnings of $3.19 per share, exceeding analysts' expectations, and revenue of $6.84 billion for the last quarter, marking a 5.4% increase year-over-year.
• The company announced a quarterly dividend of $1.77, reflecting an annualized dividend of $7.08 and a yield of 2.3%, with a payout ratio of 60.67%.

GW Henssler & Associates Ltd. increased its holdings in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 3.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,551 shares of the fast-food giant's stock after purchasing an additional 1,730 shares during the period. GW Henssler & Associates Ltd.'s holdings in McDonald's were worth $14,854,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Mascagni Wealth Management Inc. purchased a new position in shares of McDonald's during the 4th quarter valued at approximately $25,000. Pinney & Scofield Inc. purchased a new position in shares of McDonald's during the 4th quarter valued at approximately $29,000. Abound Financial LLC purchased a new position in shares of McDonald's during the 1st quarter valued at approximately $30,000. Copia Wealth Management purchased a new position in shares of McDonald's during the 4th quarter valued at approximately $31,000. Finally, Redmont Wealth Advisors LLC purchased a new position in shares of McDonald's during the 1st quarter valued at approximately $31,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald's Stock Up 0.2%

Shares of McDonald's stock traded up $0.72 during trading hours on Thursday, reaching $317.11. 2,856,609 shares of the company's stock were exchanged, compared to its average volume of 3,569,948. McDonald's Corporation has a 1 year low of $276.53 and a 1 year high of $326.32. The company has a market capitalization of $226.29 billion, a P/E ratio of 27.17, a price-to-earnings-growth ratio of 3.19 and a beta of 0.50. The business has a fifty day moving average of $302.79 and a two-hundred day moving average of $306.33.

McDonald's (NYSE:MCD - Get Free Report) last released its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.15 by $0.04. McDonald's had a net margin of 32.21% and a negative return on equity of 225.52%. The business had revenue of $6.84 billion during the quarter, compared to analyst estimates of $6.68 billion. During the same quarter in the prior year, the firm earned $2.97 earnings per share. The company's revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, research analysts predict 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 will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $1.77 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.2%. McDonald's's dividend payout ratio is presently 60.67%.

Analysts Set New Price Targets

Several research firms have recently weighed in on MCD. Redburn Atlantic reaffirmed a "sell" rating and set a $260.00 target price (down from $319.00) on shares of McDonald's in a report on Tuesday, June 10th. Evercore ISI lifted 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 Friday, August 8th. BMO Capital Markets boosted their price target on shares of McDonald's from $350.00 to $360.00 and gave the stock an "outperform" rating in a report on Thursday. Stifel Nicolaus boosted their price target on shares of McDonald's from $300.00 to $315.00 and gave the stock a "hold" rating in a report on Friday, August 22nd. Finally, The Goldman Sachs Group raised shares of McDonald's from a "neutral" rating to a "buy" rating and set a $345.00 price target for the company in a report on Thursday, July 10th. Twelve investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, McDonald's currently has a consensus rating of "Hold" and a consensus target price of $325.35.

Insider Buying and Selling at McDonald's

In other news, insider Joseph M. Erlinger sold 939 shares of the company's stock in a transaction 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 completion of the sale, the insider owned 9,283 shares of the company's stock, valued at $2,780,165.67. This represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Edith Morgan Flatley sold 1,000 shares of the business's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total transaction of $315,000.00. Following the transaction, the chief marketing officer directly owned 6,858 shares in the company, valued at approximately $2,160,270. The trade was a 12.73% decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,341 shares of company stock worth $2,544,327 over the last three months. 0.25% of the stock is owned by corporate 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.