Laffer Tengler Investments Inc. Has $8.68 Million Holdings in McDonald's Corporation $MCD

Key Points

• Laffer Tengler Investments Inc. reduced its stake in McDonald's Corporation by 7.4%, selling 2,236 shares during the first quarter, resulting in holdings worth $8,683,000.
• Several hedge funds increased their positions in McDonald's, with Compound Planning Inc. boosting its stake by 20.9%, highlighting ongoing investor interest.
• McDonald's reported earnings of $3.19 per share for the last quarter, exceeding estimates, and recently announced a quarterly dividend of $1.77 per share, indicating strong financial performance.

Laffer Tengler Investments Inc. cut its position in McDonald's Corporation (NYSE:MCD - Free Report) by 7.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,796 shares of the fast-food giant's stock after selling 2,236 shares during the period. McDonald's accounts for about 1.8% of Laffer Tengler Investments Inc.'s investment portfolio, making the stock its 15th biggest position. Laffer Tengler Investments Inc.'s holdings in McDonald's were worth $8,683,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MCD. Mascagni Wealth Management Inc. acquired a new position in shares of McDonald's during the fourth quarter worth approximately $25,000. Abound Financial LLC acquired a new position in shares of McDonald's during the first quarter worth approximately $30,000. Pinney & Scofield Inc. acquired a new position in shares of McDonald's during the fourth quarter worth approximately $29,000. Redmont Wealth Advisors LLC acquired a new position in shares of McDonald's during the first quarter worth approximately $31,000. Finally, Financial Gravity Asset Management Inc. acquired a new position in shares of McDonald's during the first quarter worth approximately $31,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other McDonald's news, EVP Desiree Ralls-Morrison sold 2,487 shares of the company's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $310.00, for a total value of $770,970.00. Following the completion of the sale, the executive vice president owned 8,754 shares of the company's stock, valued at approximately $2,713,740. This represents a 22.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jonathan Banner sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total transaction of $310,000.00. Following the completion of the sale, the executive vice president directly owned 99 shares of the company's stock, valued at $30,690. The trade was a 90.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,341 shares of company stock worth $2,229,327 over the last three months. Company insiders own 0.25% of the company's stock.

McDonald's Trading Up 0.2%

Shares of MCD traded up $0.5810 on Friday, reaching $313.8010. 2,796,690 shares of the company's stock were exchanged, compared to its average volume of 3,499,843. The stock has a market capitalization of $223.93 billion, a P/E ratio of 26.89, a price-to-earnings-growth ratio of 3.20 and a beta of 0.52. The business has a 50 day moving average price of $299.02 and a two-hundred day moving average price of $305.92. 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, beating the consensus estimate 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 firm had revenue of $6.84 billion during the quarter, compared to the consensus estimate of $6.68 billion. During the same quarter in the prior year, the firm earned $2.97 earnings per share. The business's quarterly revenue was up 5.4% on a year-over-year basis. Equities research analysts predict that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be paid a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 2nd. McDonald's's dividend payout ratio is presently 60.67%.

Analyst Ratings Changes

MCD has been the topic of a number of research reports. Northcoast Research lowered shares of McDonald's from a "buy" rating to a "neutral" rating in a research report on Tuesday, May 6th. Redburn Atlantic reiterated a "sell" rating and set a $260.00 target price (down from $319.00) on shares of McDonald's in a research report on Tuesday, June 10th. TD Cowen upped their target price on shares of McDonald's from $305.00 to $315.00 and gave the stock a "hold" rating in a research report on Wednesday, August 6th. Robert W. Baird upped their target price on shares of McDonald's from $300.00 to $315.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Finally, Barclays boosted their price target on shares of McDonald's from $355.00 to $360.00 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. Thirteen research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $326.38.

McDonald's 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.