Jackson Wealth Management LLC Increases Holdings in McDonald’s Co. (NYSE:MCD)

Jackson Wealth Management LLC boosted its stake in shares of McDonald’s Co. (NYSE:MCD) by 2.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,506 shares of the fast-food giant’s stock after acquiring an additional 758 shares during the quarter. McDonald’s accounts for 1.0% of Jackson Wealth Management LLC’s holdings, making the stock its 21st largest position. Jackson Wealth Management LLC’s holdings in McDonald’s were worth $8,319,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of MCD. Norges Bank acquired a new stake in shares of McDonald’s in the fourth quarter worth approximately $2,684,899,000. Gallagher Fiduciary Advisors LLC boosted its stake in shares of McDonald’s by 141,160.9% in the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 5,613,710 shares of the fast-food giant’s stock worth $1,664,521,000 after acquiring an additional 5,609,736 shares during the last quarter. Capital Research Global Investors boosted its stake in shares of McDonald’s by 66.9% in the first quarter. Capital Research Global Investors now owns 5,471,007 shares of the fast-food giant’s stock worth $1,542,550,000 after acquiring an additional 2,193,769 shares during the last quarter. International Assets Investment Management LLC boosted its stake in shares of McDonald’s by 10,702.5% in the fourth quarter. International Assets Investment Management LLC now owns 2,174,426 shares of the fast-food giant’s stock worth $644,739,000 after acquiring an additional 2,154,297 shares during the last quarter. Finally, Swedbank AB acquired a new stake in shares of McDonald’s in the first quarter worth approximately $348,206,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at McDonald’s

In other McDonald’s news, EVP Jonathan Banner sold 800 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $275.02, for a total value of $220,016.00. Following the completion of the transaction, the executive vice president now directly owns 19 shares in the company, valued at approximately $5,225.38. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, EVP Jonathan Banner sold 800 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $275.02, for a total value of $220,016.00. Following the completion of the sale, the executive vice president now owns 19 shares in the company, valued at $5,225.38. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Marion K. Gross sold 1,498 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $248.26, for a total transaction of $371,893.48. Following the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $387,285.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,594 shares of company stock valued at $1,454,507. Company insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on MCD. Guggenheim boosted their price objective on McDonald’s from $280.00 to $290.00 and gave the stock a “buy” rating in a research note on Friday. Jefferies Financial Group lowered their price objective on McDonald’s from $320.00 to $310.00 and set a “buy” rating on the stock in a research note on Monday, July 29th. Evercore ISI reduced their target price on McDonald’s from $330.00 to $300.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 16th. Bank of America reduced their target price on McDonald’s from $288.00 to $278.00 and set a “neutral” rating on the stock in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on McDonald’s from $295.00 to $290.00 and set a “buy” rating on the stock in a research report on Tuesday. Eleven research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat, McDonald’s currently has a consensus rating of “Moderate Buy” and a consensus target price of $303.00.

McDonald’s Stock Up 3.0 %

NYSE:MCD traded up $7.94 during trading hours on Friday, hitting $276.69. 9,585,900 shares of the stock were exchanged, compared to its average volume of 4,294,537. The company’s 50 day moving average is $255.91 and its two-hundred day moving average is $272.78. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $302.39. The company has a market capitalization of $199.40 billion, a P/E ratio of 23.49, a price-to-earnings-growth ratio of 3.58 and a beta of 0.71.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.10). McDonald’s had a negative return on equity of 178.92% and a net margin of 32.25%. The firm had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $6.62 billion. During the same period in the prior year, the business earned $3.17 earnings per share. The company’s revenue for the quarter was down .1% compared to the same quarter last year. On average, equities research analysts expect that McDonald’s Co. will post 11.71 EPS for the current year.

McDonald’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be issued a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date is Tuesday, September 3rd. McDonald’s’s dividend payout ratio (DPR) is presently 56.71%.

McDonald’s Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.