Key Client Fiduciary Advisors LLC Purchases 93 Shares of McDonald’s Co. (NYSE:MCD)

Key Client Fiduciary Advisors LLC boosted its position in McDonald’s Co. (NYSE:MCD) by 6.5% in the second quarter, HoldingsChannel reports. The firm owned 1,525 shares of the fast-food giant’s stock after buying an additional 93 shares during the quarter. Key Client Fiduciary Advisors LLC’s holdings in McDonald’s were worth $389,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of MCD. Dixon Mitchell Investment Counsel Inc. bought a new position in shares of McDonald’s during the 1st quarter valued at approximately $28,000. Signature Resources Capital Management LLC purchased a new stake in McDonald’s in the fourth quarter worth $31,000. Clear Investment Research LLC bought a new stake in shares of McDonald’s in the fourth quarter valued at $38,000. Atlantic Edge Private Wealth Management LLC purchased a new position in shares of McDonald’s during the 4th quarter valued at $39,000. Finally, Bear Mountain Capital Inc. bought a new position in shares of McDonald’s during the 4th quarter worth $43,000. 70.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Truist Financial lowered their target price on shares of McDonald’s from $300.00 to $295.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Bank of America dropped their price objective on McDonald’s from $288.00 to $278.00 and set a “neutral” rating on the stock in a report on Tuesday, July 30th. Guggenheim lifted their target price on McDonald’s from $280.00 to $290.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Jefferies Financial Group lowered their price target on shares of McDonald’s from $320.00 to $310.00 and set a “buy” rating on the stock in a report on Monday, July 29th. Finally, Stifel Nicolaus reduced their price objective on shares of McDonald’s from $285.00 to $265.00 and set a “hold” rating for the company in a research note on Monday, July 22nd. Eleven research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $303.00.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $265.13, for a total transaction of $291,377.87. Following the completion of the sale, the insider now owns 15,878 shares of the company’s stock, valued at $4,209,734.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $265.13, for a total transaction of $291,377.87. Following the sale, the insider now directly owns 15,878 shares of the company’s stock, valued at $4,209,734.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Marion K. Gross sold 1,498 shares of the business’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $248.26, for a total value of $371,893.48. Following the completion of the transaction, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $387,285.60. The disclosure for this sale can be found here. Insiders have sold a total of 4,794 shares of company stock worth $1,234,491 in the last quarter. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Price Performance

MCD traded up $0.84 on Wednesday, hitting $271.15. The company had a trading volume of 2,235,908 shares, compared to its average volume of 3,577,602. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $302.39. The stock has a fifty day simple moving average of $257.98 and a 200-day simple moving average of $271.26. The firm has a market capitalization of $195.41 billion, a P/E ratio of 23.02, a P/E/G ratio of 3.58 and a beta of 0.71.

McDonald’s (NYSE:MCD) last released its 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 business had revenue of $6.49 billion during the quarter, compared to analysts’ expectations of $6.62 billion. During the same period in the prior year, the company earned $3.17 earnings per share. The firm’s quarterly revenue was down .1% compared to the same quarter last year. Equities research analysts expect that McDonald’s Co. will post 11.71 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be given a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 2.46%. The ex-dividend date is Tuesday, September 3rd. McDonald’s’s dividend payout ratio 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.