Smith Shellnut Wilson LLC ADV Increases Holdings in McDonald's Co. (MCD)

Smith Shellnut Wilson LLC ADV boosted its holdings in shares of McDonald's Co. (NYSE:MCD) by 23.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,482 shares of the fast-food giant’s stock after acquiring an additional 470 shares during the period. Smith Shellnut Wilson LLC ADV’s holdings in McDonald's were worth $389,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in MCD. Canada Pension Plan Investment Board grew its holdings in shares of McDonald's by 1.0% during the second quarter. Canada Pension Plan Investment Board now owns 449,237 shares of the fast-food giant’s stock worth $68,805,000 after buying an additional 4,300 shares in the last quarter. Teacher Retirement System of Texas grew its holdings in shares of McDonald's by 10.6% during the second quarter. Teacher Retirement System of Texas now owns 467,212 shares of the fast-food giant’s stock worth $71,558,000 after buying an additional 44,899 shares in the last quarter. Tredje AP fonden grew its holdings in shares of McDonald's by 26.7% during the second quarter. Tredje AP fonden now owns 120,490 shares of the fast-food giant’s stock worth $18,454,000 after buying an additional 25,380 shares in the last quarter. Beaton Management Co. Inc. purchased a new stake in shares of McDonald's during the second quarter worth about $555,000. Finally, Buckingham Asset Management LLC grew its holdings in shares of McDonald's by 157.5% during the second quarter. Buckingham Asset Management LLC now owns 18,973 shares of the fast-food giant’s stock worth $2,906,000 after buying an additional 11,604 shares in the last quarter. Institutional investors own 67.43% of the company’s stock.

Shares of McDonald's Co. (NYSE:MCD) opened at $157.79 on Friday. The company has a debt-to-equity ratio of -8.17, a quick ratio of 1.27 and a current ratio of 1.28. McDonald's Co. has a 52 week low of $126.31 and a 52 week high of $178.70. The stock has a market cap of $125,790.00, a P/E ratio of 24.81, a price-to-earnings-growth ratio of 2.32 and a beta of 0.59.

McDonald's (NYSE:MCD) last released its quarterly earnings data on Tuesday, January 30th. The fast-food giant reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.12. McDonald's had a net margin of 22.75% and a negative return on equity of 217.17%. The company had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $5.22 billion. During the same period in the previous year, the firm earned $1.44 earnings per share. McDonald's’s revenue for the quarter was down 11.4% on a year-over-year basis. sell-side analysts predict that McDonald's Co. will post 7.65 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be paid a dividend of $1.01 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $4.04 annualized dividend and a yield of 2.56%. McDonald's’s dividend payout ratio is currently 63.52%.

In other McDonald's news, VP Catherine A. Hoovel sold 1,398 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $170.54, for a total transaction of $238,414.92. Following the completion of the sale, the vice president now directly owns 1,398 shares in the company, valued at $238,414.92. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Stephen Easterbrook sold 171,577 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $168.32, for a total transaction of $28,879,840.64. Following the sale, the insider now owns 49,778 shares of the company’s stock, valued at $8,378,632.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 207,550 shares of company stock valued at $35,118,055. 0.24% of the stock is owned by insiders.

A number of equities research analysts have recently commented on MCD shares. Jefferies Group upgraded shares of McDonald's from a “hold” rating to a “buy” rating and lifted their price target for the stock from $150.00 to $200.00 in a report on Tuesday, December 5th. Goldman Sachs Group set a $173.00 price target on shares of McDonald's and gave the stock a “buy” rating in a report on Wednesday, November 8th. Deutsche Bank set a $185.00 price target on shares of McDonald's and gave the stock a “buy” rating in a report on Thursday, October 26th. Zacks Investment Research upgraded shares of McDonald's from a “hold” rating to a “buy” rating and set a $196.00 price target for the company in a report on Thursday, January 18th. Finally, Credit Suisse Group lifted their price target on shares of McDonald's from $170.00 to $178.00 and gave the stock an “outperform” rating in a report on Wednesday, October 25th. Nine investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $184.95.

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About McDonald's

McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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