LifePro Asset Management Grows Stock Position in McDonald’s Co. (NYSE:MCD)

LifePro Asset Management boosted its stake in shares of McDonald’s Co. (NYSE:MCD) by 15.5% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 3,221 shares of the fast-food giant’s stock after buying an additional 432 shares during the quarter. LifePro Asset Management’s holdings in McDonald’s were worth $961,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. First Fiduciary Investment Counsel Inc. increased its stake in McDonald’s by 12.5% in the first quarter. First Fiduciary Investment Counsel Inc. now owns 900 shares of the fast-food giant’s stock worth $252,000 after purchasing an additional 100 shares during the period. MBE Wealth Management LLC increased its stake in shares of McDonald’s by 4.5% during the first quarter. MBE Wealth Management LLC now owns 1,825 shares of the fast-food giant’s stock valued at $510,000 after buying an additional 79 shares during the period. Avantax Advisory Services Inc. increased its stake in shares of McDonald’s by 20.3% during the first quarter. Avantax Advisory Services Inc. now owns 43,252 shares of the fast-food giant’s stock valued at $12,094,000 after buying an additional 7,312 shares during the period. Litman Gregory Wealth Management LLC purchased a new position in shares of McDonald’s during the first quarter valued at $315,000. Finally, Park Avenue Securities LLC increased its stake in shares of McDonald’s by 0.3% during the first quarter. Park Avenue Securities LLC now owns 19,390 shares of the fast-food giant’s stock valued at $5,422,000 after buying an additional 63 shares during the period. Hedge funds and other institutional investors own 67.60% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on MCD shares. Loop Capital raised their price target on McDonald’s from $346.00 to $383.00 in a research note on Friday, July 28th. KeyCorp raised their price target on McDonald’s from $320.00 to $330.00 and gave the company an “overweight” rating in a research note on Friday, July 21st. Jefferies Financial Group raised their price target on McDonald’s from $330.00 to $335.00 and gave the company a “buy” rating in a research note on Thursday, July 20th. Royal Bank of Canada raised their price objective on McDonald’s from $325.00 to $340.00 and gave the company an “outperform” rating in a research report on Friday, July 28th. Finally, BTIG Research raised their price objective on McDonald’s from $305.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, July 21st. Five equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. According to data from MarketBeat, McDonald’s has a consensus rating of “Moderate Buy” and a consensus price target of $323.17.

Insider Activity at McDonald’s

In related news, insider Joseph M. Erlinger sold 4,487 shares of McDonald’s stock in a transaction that occurred on Friday, June 23rd. The stock was sold at an average price of $291.35, for a total transaction of $1,307,287.45. Following the completion of the transaction, the insider now directly owns 12,038 shares in the company, valued at $3,507,271.30. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider Joseph M. Erlinger sold 4,487 shares of McDonald’s stock in a transaction that occurred on Friday, June 23rd. The stock was sold at an average price of $291.35, for a total transaction of $1,307,287.45. Following the completion of the transaction, the insider now directly owns 12,038 shares in the company, valued at $3,507,271.30. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CMO Edith Morgan Flatley sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $285.00, for a total value of $285,000.00. Following the completion of the sale, the chief marketing officer now owns 929 shares of the company’s stock, valued at $264,765. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,149 shares of company stock worth $5,257,201. 0.27% of the stock is owned by corporate insiders.

McDonald’s Stock Up 0.2 %

Shares of NYSE:MCD traded up $0.45 during trading on Monday, hitting $278.68. The stock had a trading volume of 415,455 shares, compared to its average volume of 2,538,712. McDonald’s Co. has a 12-month low of $230.58 and a 12-month high of $299.35. The stock has a market capitalization of $203.09 billion, a price-to-earnings ratio of 25.69, a price-to-earnings-growth ratio of 2.78 and a beta of 0.64. The stock has a 50-day simple moving average of $287.27 and a two-hundred day simple moving average of $286.22.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Thursday, July 27th. The fast-food giant reported $3.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.77 by $0.40. McDonald’s had a negative return on equity of 139.57% and a net margin of 33.06%. The firm had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $6.30 billion. During the same period last year, the business posted $2.55 earnings per share. The company’s revenue for the quarter was up 13.6% compared to the same quarter last year. As a group, sell-side analysts forecast that McDonald’s Co. will post 11.49 earnings per share for the current year.

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Friday, September 1st will be given a dividend of $1.52 per share. This represents a $6.08 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend is Thursday, August 31st. McDonald’s’s dividend payout ratio is currently 55.93%.

About McDonald’s

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. The company's restaurants offer hamburgers and cheeseburgers, chicken sandwiches and nuggets, fries, salads, shakes, frozen desserts, sundaes, soft serve cones, bakery items, soft drinks, coffee, and beverages and other beverages, as well as breakfast menu, including muffins, Sausages, biscuit and bagel sandwiches, oatmeal, hash browns, breakfast burritos and hotcakes.