Donaldson Capital Management LLC Has $59.13 Million Stock Position in McDonald’s Co. (NYSE:MCD)

Donaldson Capital Management LLC raised its stake in McDonald’s Co. (NYSE:MCD) by 1,321.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 194,179 shares of the fast-food giant’s stock after buying an additional 180,519 shares during the period. McDonald’s accounts for 2.3% of Donaldson Capital Management LLC’s holdings, making the stock its 16th largest holding. Donaldson Capital Management LLC’s holdings in McDonald’s were worth $59,129,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Forum Financial Management LP lifted its holdings in shares of McDonald’s by 1.4% during the third quarter. Forum Financial Management LP now owns 9,543 shares of the fast-food giant’s stock worth $2,906,000 after purchasing an additional 131 shares during the period. Lansing Street Advisors grew its stake in shares of McDonald’s by 0.7% in the third quarter. Lansing Street Advisors now owns 50,332 shares of the fast-food giant’s stock worth $15,327,000 after purchasing an additional 326 shares during the last quarter. Fernwood Investment Management LLC grew its stake in shares of McDonald’s by 4.0% in the third quarter. Fernwood Investment Management LLC now owns 6,897 shares of the fast-food giant’s stock worth $2,100,000 after purchasing an additional 266 shares during the last quarter. Nvwm LLC grew its stake in shares of McDonald’s by 1.4% in the third quarter. Nvwm LLC now owns 5,961 shares of the fast-food giant’s stock worth $1,815,000 after purchasing an additional 80 shares during the last quarter. Finally, Angeles Wealth Management LLC grew its stake in shares of McDonald’s by 12.5% in the third quarter. Angeles Wealth Management LLC now owns 3,380 shares of the fast-food giant’s stock worth $1,029,000 after purchasing an additional 375 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $292.38, for a total value of $321,325.62. Following the completion of the sale, the insider now directly owns 10,385 shares of the company’s stock, valued at $3,036,366.30. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $292.38, for a total value of $321,325.62. Following the completion of the sale, the insider now directly owns 10,385 shares of the company’s stock, valued at $3,036,366.30. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CMO Edith Morgan Flatley sold 2,346 shares of the firm’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $310.00, for a total value of $727,260.00. Following the completion of the transaction, the chief marketing officer now directly owns 2,905 shares of the company’s stock, valued at $900,550. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 34,097 shares of company stock valued at $10,256,818 over the last ninety days. 0.23% of the stock is currently owned by insiders.

McDonald’s Trading Up 1.1 %

Shares of MCD opened at $295.21 on Monday. The company has a market capitalization of $211.77 billion, a price-to-earnings ratio of 25.92, a PEG ratio of 3.88 and a beta of 0.74. The stock has a 50 day moving average of $298.36 and a 200 day moving average of $275.90. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, beating analysts’ consensus estimates of $3.18 by $0.05. McDonald’s had a negative return on equity of 178.99% and a net margin of 31.79%. The company had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.82 billion. During the same period last year, the business posted $3.19 earnings per share. McDonald’s’s revenue was up 2.7% on a year-over-year basis. As a group, equities research analysts predict that McDonald’s Co. will post 11.77 earnings per share for the current year.

McDonald’s Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a $1.77 dividend. This is an increase from McDonald’s’s previous quarterly dividend of $1.67. This represents a $7.08 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend is Monday, December 2nd. McDonald’s’s dividend payout ratio (DPR) is currently 58.65%.

Analyst Ratings Changes

Several analysts recently weighed in on MCD shares. Argus raised shares of McDonald’s from a “hold” rating to a “buy” rating in a research note on Tuesday, October 8th. Bank of America boosted their price objective on shares of McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Guggenheim cut shares of McDonald’s from a “buy” rating to a “neutral” rating and cut their price target for the company from $290.00 to $285.00 in a research report on Wednesday, October 23rd. Citigroup upped their price target on shares of McDonald’s from $301.00 to $317.00 and gave the company a “neutral” rating in a research report on Wednesday, October 2nd. Finally, Wedbush reaffirmed an “outperform” rating and set a $295.00 price target on shares of McDonald’s in a research report on Wednesday, October 23rd. Thirteen equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $319.46.

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.