Allen Investment Management LLC Acquires 3,286 Shares of McDonald’s Corporation $MCD

Allen Investment Management LLC increased its stake in shares of McDonald’s Corporation (NYSE:MCD) by 17.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,516 shares of the fast-food giant’s stock after buying an additional 3,286 shares during the quarter. Allen Investment Management LLC’s holdings in McDonald’s were worth $6,882,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Encompass More Asset Management raised its position in shares of McDonald’s by 1.5% during the fourth quarter. Encompass More Asset Management now owns 2,120 shares of the fast-food giant’s stock worth $648,000 after acquiring an additional 32 shares during the last quarter. Physician Wealth Advisors Inc. raised its stake in shares of McDonald’s by 1.6% during the fourth quarter. Physician Wealth Advisors Inc. now owns 2,102 shares of the fast-food giant’s stock worth $642,000 after buying an additional 33 shares during the last quarter. CFO4Life Group LLC lifted its holdings in McDonald’s by 2.1% in the third quarter. CFO4Life Group LLC now owns 1,669 shares of the fast-food giant’s stock valued at $507,000 after buying an additional 34 shares during the period. American National Bank of Texas boosted its stake in McDonald’s by 2.9% in the fourth quarter. American National Bank of Texas now owns 1,191 shares of the fast-food giant’s stock valued at $364,000 after acquiring an additional 34 shares during the last quarter. Finally, Allied Investment Advisors LLC boosted its stake in McDonald’s by 2.6% in the fourth quarter. Allied Investment Advisors LLC now owns 1,366 shares of the fast-food giant’s stock valued at $417,000 after acquiring an additional 34 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Stock Down 1.1%

Shares of NYSE:MCD opened at $276.19 on Tuesday. The firm has a market cap of $196.23 billion, a price-to-earnings ratio of 22.77, a PEG ratio of 2.78 and a beta of 0.41. McDonald’s Corporation has a 12 month low of $271.98 and a 12 month high of $341.75. The company’s fifty day simple moving average is $294.66 and its 200 day simple moving average is $308.42.

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

McDonald’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd will be given a dividend of $1.86 per share. The ex-dividend date of this dividend is Tuesday, June 2nd. This represents a $7.44 annualized dividend and a yield of 2.7%. McDonald’s’s payout ratio is 61.34%.

McDonald’s News Summary

Here are the key news stories impacting McDonald’s this week:

• Positive Sentiment: McDonald’s unveiled “McDonald’s NEXT,” a companywide growth strategy focused on automation, improved restaurant design, better food quality, stronger customer service, and more effective social media marketing. Article Title
• Positive Sentiment: Analysts and recent commentary suggest McDonald’s is gaining market share in a cautious consumer environment by leaning on low-cost meals, menu innovation, and strong value marketing. Article Title
• Neutral Sentiment: McDonald’s also highlighted plans around restaurant operating efficiency and franchisee support, which could improve margins over time but will likely take time to show up in results. Article Title
• Neutral Sentiment: An executive vice president sold shares in a recent insider transaction, which is worth watching but is not necessarily a fundamental red flag on its own. Article Title

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Wells Fargo & Company reduced their price target on McDonald’s from $355.00 to $320.00 and set an “overweight” rating on the stock in a research report on Friday, May 8th. TD Cowen cut their target price on McDonald’s from $330.00 to $300.00 and set a “hold” rating on the stock in a research note on Thursday, May 7th. Rothschild & Co Redburn upgraded McDonald’s from a “sell” rating to a “neutral” rating and raised their target price for the stock from $260.00 to $306.00 in a report on Thursday, April 23rd. Argus upgraded McDonald’s from a “hold” rating to a “buy” rating and set a $380.00 target price for the company in a research report on Friday, February 13th. Finally, Jefferies Financial Group increased their price target on shares of McDonald’s from $360.00 to $375.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. Sixteen research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, McDonald’s has a consensus rating of “Hold” and a consensus target price of $334.45.

Insider Transactions at McDonald’s

In related news, insider Joseph M. Erlinger sold 2,626 shares of the business’s stock in a transaction on Friday, April 10th. The shares were sold at an average price of $307.00, for a total transaction of $806,182.00. Following the transaction, the insider directly owned 8,400 shares in the company, valued at approximately $2,578,800. The trade was a 23.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Desiree Ralls-Morrison sold 2,763 shares of the company’s stock in a transaction dated 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 ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 8,681 shares of company stock valued at $2,631,594. 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.