McDonald’s Corporation $MCD Shares Purchased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans raised its stake in McDonald’s Corporation (NYSE:MCD) by 124.6% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 100,030 shares of the fast-food giant’s stock after buying an additional 55,490 shares during the quarter. Thrivent Financial for Lutherans’ holdings in McDonald’s were worth $29,219,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Nova Wealth Management Inc. bought a new stake in McDonald’s in the 1st quarter valued at about $26,000. HFM Investment Advisors LLC acquired a new stake in shares of McDonald’s in the first quarter valued at approximately $26,000. Decker Retirement Planning Inc. raised its holdings in shares of McDonald’s by 142.9% during the second quarter. Decker Retirement Planning Inc. now owns 85 shares of the fast-food giant’s stock valued at $25,000 after buying an additional 50 shares during the last quarter. Legacy Investment Solutions LLC acquired a new position in shares of McDonald’s during the second quarter worth approximately $25,000. Finally, GFG Capital LLC bought a new position in McDonald’s in the 2nd quarter worth approximately $29,000. Institutional investors own 70.29% of the company’s stock.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 3,195 shares of McDonald’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $305.82, for a total value of $977,094.90. Following the transaction, the insider owned 6,088 shares of the company’s stock, valued at approximately $1,861,832.16. This trade represents a 34.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Manuel Jm Steijaert sold 13,134 shares of the business’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $300.42, for a total value of $3,945,716.28. Following the sale, the executive vice president owned 4,606 shares in the company, valued at approximately $1,383,734.52. The trade was a 74.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 40,030 shares of company stock worth $12,240,570 in the last three months. 0.25% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on MCD. Royal Bank Of Canada assumed coverage on McDonald’s in a report on Wednesday, October 8th. They set a “sector perform” rating and a $320.00 price target on the stock. BTIG Research reissued a “neutral” rating on shares of McDonald’s in a research note on Friday, October 24th. Mizuho upgraded shares of McDonald’s to a “hold” rating in a research report on Tuesday, October 28th. Guggenheim increased their price objective on shares of McDonald’s from $295.00 to $310.00 and gave the company a “neutral” rating in a report on Wednesday, November 19th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of McDonald’s in a research note on Thursday, November 6th. Eleven equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $324.57.

McDonald’s Price Performance

Shares of MCD opened at $318.96 on Tuesday. The firm’s 50 day moving average is $305.44 and its 200-day moving average is $303.69. The stock has a market capitalization of $227.15 billion, a P/E ratio of 27.22, a P/E/G ratio of 3.52 and a beta of 0.52. McDonald’s Corporation has a 12-month low of $276.53 and a 12-month high of $326.32.

McDonald’s (NYSE:MCD) last released its earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 EPS for the quarter, missing the consensus estimate of $3.33 by ($0.11). The business had revenue of $7.08 billion for the quarter, compared to analyst estimates of $7.10 billion. McDonald’s had a net margin of 32.04% and a negative return on equity of 280.89%. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the prior year, the company earned $3.23 earnings per share. As a group, equities research analysts forecast that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were paid a dividend of $1.86 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $7.44 annualized dividend and a dividend yield of 2.3%. This is a boost from McDonald’s’s previous quarterly dividend of $1.77. McDonald’s’s dividend payout ratio is 63.48%.

About McDonald’s

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.