Addenda Capital Inc. Has $6.48 Million Stake in McDonald’s Corporation $MCD

Addenda Capital Inc. decreased its position in McDonald’s Corporation (NYSE:MCD) by 0.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,186 shares of the fast-food giant’s stock after selling 133 shares during the quarter. Addenda Capital Inc.’s holdings in McDonald’s were worth $6,482,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. City Holding Co. grew its stake in shares of McDonald’s by 1.2% in the 2nd quarter. City Holding Co. now owns 22,133 shares of the fast-food giant’s stock valued at $6,466,000 after buying an additional 271 shares in the last quarter. Johnson & White Wealth Management LLC boosted its position in McDonald’s by 4.6% during the second quarter. Johnson & White Wealth Management LLC now owns 2,397 shares of the fast-food giant’s stock worth $700,000 after purchasing an additional 105 shares during the period. Grandview Asset Management LLC boosted its position in McDonald’s by 11.7% during the second quarter. Grandview Asset Management LLC now owns 1,292 shares of the fast-food giant’s stock worth $377,000 after purchasing an additional 135 shares during the period. Beacon Capital Management LLC boosted its position in McDonald’s by 4.3% during the second quarter. Beacon Capital Management LLC now owns 945 shares of the fast-food giant’s stock worth $276,000 after purchasing an additional 39 shares during the period. Finally, Patton Albertson Miller Group LLC boosted its position in McDonald’s by 6.2% during the second quarter. Patton Albertson Miller Group LLC now owns 5,012 shares of the fast-food giant’s stock worth $1,464,000 after purchasing an additional 291 shares during the period. Institutional investors own 70.29% of the company’s stock.

Insider Transactions at McDonald’s

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 2,487 shares of the company’s stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total value of $770,970.00. Following the completion of the transaction, the executive vice president owned 8,754 shares of the company’s stock, valued at $2,713,740. This represents a 22.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Joseph M. Erlinger sold 939 shares of the company’s stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total value of $281,221.11. Following the completion of the transaction, the insider directly owned 9,283 shares of the company’s stock, valued at approximately $2,780,165.67. The trade was a 9.19% decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,402 shares of company stock worth $2,273,407 in the last 90 days. 0.25% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

MCD has been the subject of several research reports. Morgan Stanley increased their price objective on McDonald’s from $324.00 to $326.00 and gave the company an “equal weight” rating in a research report on Monday, July 14th. TD Securities restated a “hold” rating and set a $305.00 target price on shares of McDonald’s in a report on Thursday, June 5th. Citigroup lifted their target price on McDonald’s from $373.00 to $381.00 and gave the company a “buy” rating in a research report on Wednesday, September 17th. JPMorgan Chase & Co. lifted their target price on McDonald’s from $305.00 to $310.00 and gave the company an “overweight” rating in a research report on Thursday, August 7th. Finally, Argus lowered McDonald’s from a “buy” rating to a “hold” rating in a research report on Friday, June 13th. Eleven investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $325.86.

McDonald’s Price Performance

Shares of NYSE MCD opened at $305.10 on Friday. McDonald’s Corporation has a fifty-two week low of $276.53 and a fifty-two week high of $326.32. The stock has a market capitalization of $217.72 billion, a PE ratio of 26.14, a P/E/G ratio of 3.11 and a beta of 0.50. The business has a fifty day moving average price of $306.48 and a two-hundred day moving average price of $306.19.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 EPS for the quarter, topping analysts’ consensus estimates of $3.15 by $0.04. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The company had revenue of $6.84 billion during the quarter, compared to analysts’ expectations of $6.68 billion. During the same quarter in the previous year, the firm earned $2.97 EPS. McDonald’s’s revenue was up 5.4% on a year-over-year basis. On average, equities analysts expect that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were issued a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Tuesday, September 2nd. McDonald’s’s dividend payout ratio is presently 60.67%.

McDonald’s Profile

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.