Woodmont Investment Counsel LLC Has $3.63 Million Stock Holdings in McDonald’s Corporation $MCD

Woodmont Investment Counsel LLC decreased its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 1.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 12,432 shares of the fast-food giant’s stock after selling 138 shares during the period. Woodmont Investment Counsel LLC’s holdings in McDonald’s were worth $3,632,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. WealthPlan Investment Management LLC lifted its stake in shares of McDonald’s by 0.9% in the 1st quarter. WealthPlan Investment Management LLC now owns 3,630 shares of the fast-food giant’s stock valued at $1,134,000 after purchasing an additional 32 shares during the period. CVA Family Office LLC lifted its stake in shares of McDonald’s by 1.9% in the 1st quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant’s stock valued at $560,000 after purchasing an additional 33 shares during the period. Consilium Wealth Advisory LLC lifted its stake in shares of McDonald’s by 2.5% in the 1st quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant’s stock valued at $417,000 after purchasing an additional 33 shares during the period. Security Financial Services INC. increased its position in shares of McDonald’s by 0.7% in the 1st quarter. Security Financial Services INC. now owns 5,043 shares of the fast-food giant’s stock valued at $1,575,000 after buying an additional 33 shares in the last quarter. Finally, Stockman Wealth Management Inc. increased its position in shares of McDonald’s by 1.8% in the 1st quarter. Stockman Wealth Management Inc. now owns 1,964 shares of the fast-food giant’s stock valued at $613,000 after buying an additional 34 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Buying and Selling at McDonald’s

In other news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total transaction of $281,221.11. Following the completion of the transaction, the insider directly owned 9,283 shares in the company, valued at $2,780,165.67. This represents a 9.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Jonathan Banner sold 1,000 shares of the stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total transaction of $310,000.00. Following the transaction, the executive vice president owned 99 shares of the company’s stock, valued at approximately $30,690. This represents a 90.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,402 shares of company stock valued at $2,273,407. Corporate insiders own 0.25% of the company’s stock.

McDonald’s Trading Up 0.3%

MCD stock opened at $300.72 on Monday. The stock has a 50-day moving average price of $306.93 and a two-hundred day moving average price of $306.15. The stock has a market cap of $214.59 billion, a PE ratio of 25.77, a price-to-earnings-growth ratio of 3.07 and a beta of 0.50. McDonald’s Corporation has a 1 year low of $276.53 and a 1 year high of $326.32.

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

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were paid a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Tuesday, September 2nd. McDonald’s’s dividend payout ratio is currently 60.67%.

Analysts Set New Price Targets

MCD has been the subject of a number of recent analyst reports. Bank of America lowered their price objective on shares of McDonald’s from $327.00 to $322.00 and set a “neutral” rating for the company in a research report on Friday, July 18th. Weiss Ratings restated a “buy (b)” rating on shares of McDonald’s in a research report on Saturday, September 27th. JPMorgan Chase & Co. upped their price objective on shares of McDonald’s from $305.00 to $310.00 and gave the company an “overweight” rating in a research report on Thursday, August 7th. TD Cowen upped their price objective on shares of McDonald’s from $305.00 to $315.00 and gave the company a “hold” rating in a research report on Wednesday, August 6th. Finally, Morgan Stanley upped their price objective on shares of McDonald’s from $324.00 to $326.00 and gave the company an “equal weight” rating in a research report on Monday, July 14th. Twelve equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, McDonald’s presently has an average rating of “Hold” and an average target price of $325.86.

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.