McDonald’s Co. (NYSE:MCD) Holdings Raised by Savoir Faire Capital Management L.P.

Savoir Faire Capital Management L.P. increased its stake in McDonald’s Co. (NYSE:MCD) by 19.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,858 shares of the fast-food giant’s stock after purchasing an additional 2,135 shares during the quarter. Savoir Faire Capital Management L.P.’s holdings in McDonald’s were worth $3,277,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of MCD. Citizens Financial Group Inc. RI raised its holdings in shares of McDonald’s by 46.1% during the second quarter. Citizens Financial Group Inc. RI now owns 22,726 shares of the fast-food giant’s stock valued at $5,791,000 after acquiring an additional 7,168 shares during the period. One Capital Management LLC grew its position in McDonald’s by 49.6% during the 2nd quarter. One Capital Management LLC now owns 6,158 shares of the fast-food giant’s stock worth $1,569,000 after purchasing an additional 2,041 shares in the last quarter. Sierra Summit Advisors LLC raised its stake in McDonald’s by 4.9% during the 2nd quarter. Sierra Summit Advisors LLC now owns 1,660 shares of the fast-food giant’s stock valued at $423,000 after purchasing an additional 77 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of McDonald’s by 8.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,772,338 shares of the fast-food giant’s stock valued at $451,689,000 after purchasing an additional 138,191 shares in the last quarter. Finally, Greenwich Wealth Management LLC boosted its position in shares of McDonald’s by 4.8% in the second quarter. Greenwich Wealth Management LLC now owns 2,309 shares of the fast-food giant’s stock worth $588,000 after buying an additional 106 shares during the period. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at McDonald’s

In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of McDonald’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total transaction of $371,893.48. Following the sale, the executive vice president now owns 1,560 shares in the company, valued at $387,285.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $288.70, for a total value of $316,992.60. Following the completion of the transaction, the insider now directly owns 12,583 shares of the company’s stock, valued at approximately $3,632,712.10. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Marion K. Gross sold 1,498 shares of the business’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total value of $371,893.48. Following the completion of the sale, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $387,285.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,291 shares of company stock worth $1,689,073. 0.23% of the stock is owned by corporate insiders.

McDonald’s Price Performance

NYSE:MCD opened at $296.66 on Tuesday. McDonald’s Co. has a one year low of $243.53 and a one year high of $302.39. The company has a fifty day moving average price of $273.87 and a 200 day moving average price of $270.50. The stock has a market cap of $213.80 billion, a P/E ratio of 25.18, a PEG ratio of 3.88 and a beta of 0.72.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Monday, July 29th. The fast-food giant reported $2.97 EPS for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.10). McDonald’s had a net margin of 32.25% and a negative return on equity of 178.68%. The company had revenue of $6.49 billion for the quarter, compared to analyst estimates of $6.62 billion. During the same period in the prior year, the company posted $3.17 EPS. The firm’s quarterly revenue was down .1% on a year-over-year basis. As a group, equities research analysts anticipate that McDonald’s Co. will post 11.67 EPS for the current year.

McDonald’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be given a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date is Tuesday, September 3rd. McDonald’s’s dividend payout ratio is presently 56.71%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on MCD shares. Jefferies Financial Group increased their price objective on McDonald’s from $310.00 to $330.00 and gave the stock a “buy” rating in a research note on Monday, September 9th. KeyCorp decreased their price target on shares of McDonald’s from $310.00 to $305.00 and set an “overweight” rating for the company in a report on Tuesday, July 30th. BMO Capital Markets lowered their price objective on shares of McDonald’s from $330.00 to $315.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 30th. Wedbush reiterated an “outperform” rating and issued a $295.00 target price on shares of McDonald’s in a research report on Monday, July 29th. Finally, Citigroup boosted their price target on shares of McDonald’s from $275.00 to $301.00 and gave the company a “neutral” rating in a report on Friday. Eleven analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $306.11.

McDonald’s Company Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.