McDonald’s Co. (NYSE:MCD) Shares Bought by Archer Investment Corp

Archer Investment Corp grew its holdings in McDonald’s Co. (NYSE:MCD) by 41.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,041 shares of the fast-food giant’s stock after purchasing an additional 601 shares during the period. Archer Investment Corp’s holdings in McDonald’s were worth $520,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Founders Financial Securities LLC boosted its stake in McDonald’s by 12.3% during the second quarter. Founders Financial Securities LLC now owns 5,117 shares of the fast-food giant’s stock worth $1,304,000 after buying an additional 562 shares during the period. Naviter Wealth LLC boosted its position in shares of McDonald’s by 9.4% during the 2nd quarter. Naviter Wealth LLC now owns 5,293 shares of the fast-food giant’s stock worth $1,349,000 after purchasing an additional 454 shares during the period. Midland Wealth Advisors LLC increased its holdings in McDonald’s by 533.9% in the 2nd quarter. Midland Wealth Advisors LLC now owns 124,841 shares of the fast-food giant’s stock valued at $31,814,000 after purchasing an additional 105,148 shares during the last quarter. Magnus Financial Group LLC increased its position in shares of McDonald’s by 2.5% during the second quarter. Magnus Financial Group LLC now owns 5,010 shares of the fast-food giant’s stock worth $1,277,000 after acquiring an additional 120 shares during the period. Finally, LMG Wealth Partners LLC increased its stake in McDonald’s by 5.4% in the second quarter. LMG Wealth Partners LLC now owns 17,368 shares of the fast-food giant’s stock valued at $4,426,000 after purchasing an additional 895 shares during the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on MCD shares. JPMorgan Chase & Co. reduced their target price on McDonald’s from $290.00 to $270.00 and set an “overweight” rating for the company in a report on Tuesday, July 30th. Morgan Stanley lowered their price objective on shares of McDonald’s from $312.00 to $300.00 and set an “overweight” rating on the stock in a research report on Thursday, July 11th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of McDonald’s from $295.00 to $290.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Wedbush restated an “outperform” rating and issued a $295.00 price target on shares of McDonald’s in a research report on Monday, July 29th. Finally, Guggenheim increased their price objective on McDonald’s from $280.00 to $290.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Eleven investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $303.89.

Insider Activity at McDonald’s

In related news, EVP Marion K. Gross sold 1,498 shares of the business’s stock in a transaction dated Wednesday, July 3rd. The shares were 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 owns 1,560 shares of the company’s stock, valued at approximately $387,285.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of McDonald’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total value of $371,893.48. Following the completion of the sale, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $387,285.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $288.70, for a total value of $316,992.60. Following the transaction, the insider now directly owns 12,583 shares in the company, valued at approximately $3,632,712.10. The disclosure for this sale can be found here. Insiders have sold a total of 6,291 shares of company stock valued at $1,689,073 over the last quarter. Insiders own 0.23% of the company’s stock.

McDonald’s Trading Down 0.5 %

Shares of NYSE MCD opened at $285.52 on Wednesday. The stock has a market cap of $204.81 billion, a price-to-earnings ratio of 24.24, a PEG ratio of 3.86 and a beta of 0.71. The company’s 50-day moving average price is $266.75 and its 200 day moving average price is $270.69. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $302.39.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data 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 178.68% and a net margin of 32.25%. The business had revenue of $6.49 billion for the quarter, compared to analysts’ expectations of $6.62 billion. During the same period last year, the business earned $3.17 earnings per share. The company’s revenue for the quarter was down .1% on a year-over-year basis. As a group, research analysts expect that McDonald’s Co. will post 11.67 earnings per share for the current year.

McDonald’s Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Tuesday, September 3rd. This represents a $6.68 annualized dividend and a dividend yield of 2.34%. McDonald’s’s dividend payout ratio is currently 56.71%.

About McDonald’s

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.