Thurston Springer Miller Herd & Titak Inc. Raises Stake in McDonald's Corporation $MCD

Key Points

• Thurston Springer Miller Herd & Titak Inc. increased its stake in McDonald's Corporation by 16.5% in the second quarter, bringing its holdings to approximately $5.4 million worth of shares.
• Insider trading activity revealed that CMO Edith Morgan Flatley and EVP Desiree Ralls-Morrison sold significant portions of their McDonald's shares, representing decreases in their ownership positions.
• McDonald's reported a quarterly earnings per share of $3.19, surpassing the consensus estimate of $3.15, while also announcing a quarterly dividend of $1.77 per share.

Thurston Springer Miller Herd & Titak Inc. boosted its position in McDonald's Corporation (NYSE:MCD - Free Report) by 16.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,479 shares of the fast-food giant's stock after buying an additional 2,611 shares during the period. McDonald's makes up approximately 0.7% of Thurston Springer Miller Herd & Titak Inc.'s investment portfolio, making the stock its 24th largest holding. Thurston Springer Miller Herd & Titak Inc.'s holdings in McDonald's were worth $5,400,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Nova Wealth Management Inc. purchased a new stake in McDonald's in the first quarter valued at approximately $26,000. HFM Investment Advisors LLC purchased a new stake in McDonald's in the first quarter valued at approximately $26,000. Mascagni Wealth Management Inc. purchased a new stake in McDonald's in the 4th quarter worth approximately $25,000. Abound Financial LLC purchased a new stake in McDonald's in the 1st quarter worth approximately $30,000. Finally, Pinney & Scofield Inc. purchased a new stake in McDonald's in the 4th quarter worth approximately $29,000. Hedge funds and other institutional investors own 70.29% of the company's stock.

Insider Buying and Selling

In other McDonald's news, CMO Edith Morgan Flatley sold 1,000 shares of the firm's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total value of $315,000.00. Following the completion of the sale, the chief marketing officer directly owned 6,858 shares of the company's stock, valued at $2,160,270. This trade represents a 12.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of the firm's stock in a transaction on Wednesday, August 6th. The stock was 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 directly owned 8,754 shares of the company's stock, valued at $2,713,740. This trade represents a 22.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,341 shares of company stock valued at $2,544,327 over the last 90 days. Insiders own 0.25% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on MCD shares. Guggenheim restated a "neutral" rating on shares of McDonald's in a research report on Friday, August 8th. KeyCorp restated an "overweight" rating and issued a $335.00 price objective (up previously from $325.00) on shares of McDonald's in a research report on Thursday, August 7th. Barclays upped their price objective on McDonald's from $355.00 to $360.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. Morgan Stanley upped their price objective on McDonald's from $324.00 to $326.00 and gave the stock an "equal weight" rating in a research report on Monday, July 14th. Finally, JPMorgan Chase & Co. upped their price objective on McDonald's from $305.00 to $310.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. Eleven equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, McDonald's has a consensus rating of "Hold" and an average price target of $325.14.

McDonald's Price Performance

Shares of MCD stock opened at $305.49 on Friday. The company has a market cap of $218.00 billion, a price-to-earnings ratio of 26.18, a PEG ratio of 3.14 and a beta of 0.50. The stock has a 50 day simple moving average of $305.33 and a 200-day simple moving average of $306.59. McDonald's Corporation has a 1-year low of $276.53 and a 1-year high of $326.32.

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

McDonald's Announces Dividend

The business 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. 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 2.3%. McDonald's's dividend payout ratio (DPR) is 60.67%.

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.

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