Saxon Interests Inc. Has $1.36 Million Holdings in McDonald’s Corporation $MCD

Saxon Interests Inc. grew its position in shares of McDonald’s Corporation (NYSE:MCD) by 166.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,362 shares of the fast-food giant’s stock after purchasing an additional 2,726 shares during the quarter. Saxon Interests Inc.’s holdings in McDonald’s were worth $1,356,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Your Advocates Ltd. LLP bought a new position in McDonald’s during the fourth quarter worth $27,000. Park Place Capital Corp boosted its position in McDonald’s by 95.7% during the fourth quarter. Park Place Capital Corp now owns 92 shares of the fast-food giant’s stock valued at $28,000 after acquiring an additional 45 shares during the last quarter. IFC & Insurance Marketing Inc. bought a new stake in McDonald’s during the fourth quarter valued at $29,000. Abound Financial LLC acquired a new stake in McDonald’s during the 4th quarter worth about $30,000. Finally, DecisionPoint Financial LLC grew its holdings in McDonald’s by 1,616.7% during the 4th quarter. DecisionPoint Financial LLC now owns 103 shares of the fast-food giant’s stock worth $31,000 after acquiring an additional 97 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on MCD shares. KeyCorp dropped their price objective on McDonald’s from $330.00 to $315.00 and set an “overweight” rating on the stock in a research note on Monday, June 29th. JPMorgan Chase & Co. decreased their target price on McDonald’s from $325.00 to $305.00 and set an “overweight” rating for the company in a research note on Monday, May 11th. Wells Fargo & Company lowered their target price on McDonald’s from $355.00 to $320.00 and set an “overweight” rating for the company in a report on Friday, May 8th. TD Cowen reissued a “hold” rating on shares of McDonald’s in a research note on Friday, June 12th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of McDonald’s in a report on Tuesday, June 23rd. 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 company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $335.70.

McDonald’s Price Performance

Shares of MCD opened at $282.30 on Wednesday. McDonald’s Corporation has a one year low of $264.53 and a one year high of $341.75. The company has a market cap of $200.57 billion, a PE ratio of 23.27, a P/E/G ratio of 2.79 and a beta of 0.41. The stock has a 50-day moving average of $279.44 and a 200-day moving average of $302.61.

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

McDonald’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Tuesday, June 2nd were issued a $1.86 dividend. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Tuesday, June 2nd. McDonald’s’s dividend payout ratio (DPR) is currently 61.34%.

Insiders Place Their Bets

In related news, insider Joseph M. Erlinger sold 5,252 shares of McDonald’s 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 completion of the sale, the insider owned 7,734 shares of the company’s stock, valued at approximately $2,198,930.88. This trade represents a 40.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 sale, the executive vice president owned 6,268 shares of the company’s stock, valued at $1,744,760.48. This trade represents a 30.59% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 11,307 shares of company stock worth $3,262,622. 0.26% of the stock is owned by company insiders.

McDonald’s News Summary

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

• Positive Sentiment: McDonald’s is rolling out a BT21 x Happy Meal collaboration tied to BTS/LINE FRIENDS, which could boost traffic and social-media buzz among younger consumers. Article Title
• Positive Sentiment: The company is also bringing back a fan-favorite product, the fried apple pie, and promoting limited-time fries giveaways, both of which can support short-term sales and restaurant traffic. Article Title Article Title
• Positive Sentiment: Several pieces framed McDonald’s as a quality, low-stress, dividend-friendly stock, reinforcing its appeal as a defensive hold during market volatility. Article Title Article Title
• Neutral Sentiment: Analysts and market commentators are debating McDonald’s versus rivals like Chipotle and Burger King, but these are mostly comparison pieces rather than fresh company-specific catalysts. Article Title
• Neutral Sentiment: Options activity and technical commentary suggest traders may be positioning for a bigger move in MCD, but the direction is not clear from the headlines alone. Article Title
• Negative Sentiment: Rival fast-food chains are stepping up competition with new chicken sandwiches and other menu pushes, which could pressure McDonald’s sales if competitors keep stealing share. Article Title Article Title

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.