McDonald’s Co. (NYSE:MCD) Shares Bought by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC raised its position in McDonald’s Co. (NYSE:MCD) by 69.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 45,805 shares of the fast-food giant’s stock after purchasing an additional 18,700 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in McDonald’s were worth $11,673,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Dixon Mitchell Investment Counsel Inc. acquired a new position in McDonald’s in the 1st quarter valued at about $28,000. Clear Investment Research LLC acquired a new position in McDonald’s in the 4th quarter valued at about $38,000. Kings Path Partners LLC acquired a new position in McDonald’s in the 2nd quarter valued at about $38,000. Accent Capital Management LLC acquired a new position in shares of McDonald’s in the 4th quarter worth approximately $44,000. Finally, Transcendent Capital Group LLC acquired a new position in shares of McDonald’s in the 4th quarter worth approximately $45,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald’s Price Performance

Shares of NYSE:MCD opened at $296.53 on Monday. The stock has a market cap of $213.70 billion, a P/E ratio of 25.17, a P/E/G ratio of 3.88 and a beta of 0.72. The firm has a fifty day moving average price of $272.89 and a 200 day moving average price of $270.47. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $302.39.

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

McDonald’s Announces Dividend

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

Insider Transactions at McDonald’s

In other news, EVP Marion K. Gross sold 1,498 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $286.36, for a total value of $428,967.28. Following the completion of the sale, the executive vice president now owns 1,560 shares in the company, valued at approximately $446,721.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $260.00, for a total value of $285,480.00. Following the completion of the sale, the insider now owns 14,780 shares in the company, valued at approximately $3,842,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Marion K. Gross sold 1,498 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $286.36, for a total transaction of $428,967.28. Following the completion of the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $446,721.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,291 shares of company stock worth $1,689,073. Company insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. TD Cowen lowered shares of McDonald’s from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $285.00 to $280.00 in a report on Wednesday, July 31st. BMO Capital Markets decreased their price objective on shares of McDonald’s from $330.00 to $315.00 and set an “outperform” rating on the stock in a report on Tuesday, July 30th. Bank of America reduced their target price on shares of McDonald’s from $288.00 to $278.00 and set a “neutral” rating on the stock in a report on Tuesday, July 30th. The Goldman Sachs Group started coverage on shares of McDonald’s in a research report on Thursday, June 13th. They issued a “neutral” rating and a $288.00 price objective on the stock. Finally, JPMorgan Chase & Co. dropped their price objective on shares of McDonald’s from $290.00 to $270.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 30th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, McDonald’s presently has an average rating of “Moderate Buy” and an average target price of $305.37.

About McDonald’s

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.