Folger Nolan Fleming Douglas Capital Management Inc. Grows Stock Holdings in McDonald’s Corporation $MCD

Folger Nolan Fleming Douglas Capital Management Inc. lifted its stake in McDonald’s Corporation (NYSE:MCD) by 7.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,947 shares of the fast-food giant’s stock after purchasing an additional 3,618 shares during the quarter. McDonald’s comprises approximately 1.5% of Folger Nolan Fleming Douglas Capital Management Inc.’s holdings, making the stock its 19th largest position. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in McDonald’s were worth $17,077,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Your Advocates Ltd. LLP purchased a new position in McDonald’s during the fourth quarter valued at $27,000. Park Place Capital Corp grew its stake in shares of McDonald’s by 95.7% in the fourth quarter. Park Place Capital Corp now owns 92 shares of the fast-food giant’s stock worth $28,000 after acquiring an additional 45 shares during the last quarter. IFC & Insurance Marketing Inc. purchased a new stake in shares of McDonald’s in the fourth quarter worth $29,000. Abound Financial LLC purchased a new stake in shares of McDonald’s in the fourth quarter worth $30,000. Finally, DecisionPoint Financial LLC increased its holdings in shares of McDonald’s by 1,616.7% during the fourth quarter. DecisionPoint Financial LLC now owns 103 shares of the fast-food giant’s stock valued at $31,000 after acquiring an additional 97 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

MCD has been the subject of several recent analyst reports. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of McDonald’s in a research report on Tuesday, June 23rd. Robert W. Baird set a $305.00 price objective on shares of McDonald’s in a research report on Thursday, May 7th. Sanford C. Bernstein restated a “market perform” rating on shares of McDonald’s in a research note on Monday, June 22nd. Cfra raised shares of McDonald’s to a “buy” rating in a report on Friday, May 8th. Finally, Wells Fargo & Company decreased their target price on shares of McDonald’s from $355.00 to $320.00 and set an “overweight” rating for the company in a report on Friday, May 8th. Sixteen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $335.70.

McDonald’s Trading Down 0.8%

McDonald’s stock opened at $267.60 on Tuesday. The firm has a market cap of $190.13 billion, a price-to-earnings ratio of 22.06, a PEG ratio of 2.69 and a beta of 0.41. The stock has a fifty day simple moving average of $282.64 and a two-hundred day simple moving average of $304.21. McDonald’s Corporation has a 12 month low of $264.53 and a 12 month high of $341.75.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Thursday, May 7th. The fast-food giant reported $2.83 EPS for the quarter, topping analysts’ consensus estimates of $2.74 by $0.09. McDonald’s had a net margin of 31.62% and a negative return on equity of 442.10%. The firm had revenue of $6.52 billion during the quarter, compared to analyst estimates of $6.47 billion. During the same period in the previous year, the business posted $2.67 earnings per share. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, equities research analysts forecast that McDonald’s Corporation will post 12.93 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd were given a $1.86 dividend. This represents a $7.44 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Tuesday, June 2nd. McDonald’s’s payout ratio is 61.34%.

Insiders Place Their Bets

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 2,763 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $278.36, for a total transaction of $769,108.68. Following the completion of the sale, the executive vice president directly owned 6,268 shares in the company, valued at approximately $1,744,760.48. The trade was a 30.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 5,252 shares of the stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $284.32, for a total value of $1,493,248.64. Following the transaction, the insider directly owned 7,734 shares in the company, valued at $2,198,930.88. The trade was a 40.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 11,307 shares of company stock valued at $3,262,622. Company insiders own 0.26% of the company’s stock.

McDonald’s Company Profile

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.