Foundations Investment Advisors LLC Grows Stock Holdings in McDonald’s Co. (NYSE:MCD)

Foundations Investment Advisors LLC lifted its position in McDonald’s Co. (NYSE:MCD) by 7.2% in the second quarter, Holdings Channel.com reports. The firm owned 12,766 shares of the fast-food giant’s stock after purchasing an additional 856 shares during the quarter. Foundations Investment Advisors LLC’s holdings in McDonald’s were worth $3,253,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of MCD. Dixon Mitchell Investment Counsel Inc. purchased a new position in McDonald’s in the 1st quarter worth $28,000. Clear Investment Research LLC purchased a new position in shares of McDonald’s in the fourth quarter worth about $38,000. Atlantic Edge Private Wealth Management LLC bought a new stake in shares of McDonald’s in the 4th quarter valued at about $39,000. Kings Path Partners LLC purchased a new stake in McDonald’s during the 2nd quarter valued at about $38,000. Finally, Accent Capital Management LLC purchased a new position in McDonald’s in the 4th quarter worth approximately $44,000. 70.29% of the stock is currently owned by institutional investors.

McDonald’s Stock Up 0.8 %

Shares of MCD opened at $287.89 on Thursday. The stock has a market cap of $206.52 billion, a P/E ratio of 24.44, a P/E/G ratio of 3.86 and a beta of 0.71. The business’s 50 day moving average price is $267.35 and its 200-day moving average price is $270.81. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $302.39.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Monday, July 29th. The fast-food giant reported $2.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.10). McDonald’s had a net margin of 32.25% and a negative return on equity of 178.68%. The company had revenue of $6.49 billion for the quarter, compared to analysts’ expectations of $6.62 billion. During the same quarter in the previous year, the firm posted $3.17 EPS. The firm’s quarterly revenue was down .1% compared to the same quarter last year. On average, equities analysts anticipate that McDonald’s Co. will post 11.67 EPS for the current year.

McDonald’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be given a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 2.32%. The ex-dividend date is Tuesday, September 3rd. McDonald’s’s dividend payout ratio (DPR) is 56.71%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Truist Financial dropped their price objective on McDonald’s from $300.00 to $295.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft cut their price target on shares of McDonald’s from $295.00 to $290.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. JPMorgan Chase & Co. decreased their price objective on shares of McDonald’s from $290.00 to $270.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 30th. The Goldman Sachs Group assumed coverage on shares of McDonald’s in a report on Thursday, June 13th. They set a “neutral” rating and a $288.00 target price for the company. Finally, TD Cowen downgraded McDonald’s from a “buy” rating to a “hold” rating and reduced their price target for the company from $285.00 to $280.00 in a report on Wednesday, July 31st. Eleven equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $303.89.

Insider Buying and Selling at McDonald’s

In other news, EVP Marion K. Gross sold 1,498 shares of the stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total transaction of $371,893.48. Following the sale, the executive vice president now owns 1,560 shares in the company, valued at $387,285.60. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $260.00, for a total value of $285,740.00. Following the completion of the transaction, the insider now owns 13,681 shares in the company, valued at $3,557,060. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Marion K. Gross sold 1,498 shares of the stock in a transaction 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 sale, the executive vice president now directly owns 1,560 shares in the company, valued at $387,285.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,291 shares of company stock worth $1,689,073. 0.23% of the stock is owned by corporate insiders.

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.