Vantage Financial Partners LLC Increases Stock Position in McDonald’s Co. (NYSE:MCD)

Vantage Financial Partners LLC raised its stake in shares of McDonald’s Co. (NYSE:MCD) by 18.6% during the second quarter, HoldingsChannel reports. The fund owned 1,152 shares of the fast-food giant’s stock after acquiring an additional 181 shares during the quarter. Vantage Financial Partners LLC’s holdings in McDonald’s were worth $293,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Dixon Mitchell Investment Counsel Inc. bought a new position in McDonald’s during the 1st quarter valued at $28,000. Clear Investment Research LLC bought a new position in McDonald’s during the 4th quarter valued at $38,000. Kings Path Partners LLC bought a new position in McDonald’s during the 2nd quarter valued at $38,000. Atlantic Edge Private Wealth Management LLC bought a new position in McDonald’s during the 4th quarter valued at $39,000. Finally, Accent Capital Management LLC bought a new position in McDonald’s during the 4th quarter valued at $44,000. 70.29% of the stock is currently owned by institutional investors.

McDonald’s Stock Up 1.6 %

Shares of MCD opened at $295.82 on Tuesday. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $302.39. The firm has a 50-day moving average price of $269.47 and a 200 day moving average price of $270.57. The firm has a market capitalization of $213.19 billion, a PE ratio of 24.72, a P/E/G ratio of 3.87 and a beta of 0.72.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Monday, July 29th. The fast-food giant reported $2.97 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $6.62 billion. During the same quarter last year, the business posted $3.17 EPS. The business’s revenue for the quarter was down .1% on a year-over-year basis. On average, equities analysts expect that McDonald’s Co. will post 11.67 EPS for the current year.

McDonald’s Announces Dividend

The firm 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 dividend of $1.67 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $6.68 annualized dividend and a dividend yield of 2.26%. McDonald’s’s dividend payout ratio (DPR) is 56.71%.

Analyst Ratings Changes

MCD has been the topic of a number of research reports. BMO Capital Markets dropped their target price on shares of McDonald’s from $330.00 to $315.00 and set an “outperform” rating on the stock in a report on Tuesday, July 30th. JPMorgan Chase & Co. dropped their target price on shares of McDonald’s from $290.00 to $270.00 and set an “overweight” rating on the stock in a report on Tuesday, July 30th. The Goldman Sachs Group initiated coverage on shares of McDonald’s in a report on Thursday, June 13th. They set a “neutral” rating and a $288.00 target price on the stock. Morgan Stanley dropped their target price on shares of McDonald’s from $312.00 to $300.00 and set an “overweight” rating on the stock in a report on Thursday, July 11th. Finally, Truist Financial dropped 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. Eleven analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $304.41.

Insider Activity

In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $260.00, for a total value of $285,480.00. Following the completion of the transaction, the insider now directly owns 14,780 shares in the company, valued at $3,842,800. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $260.00, for a total value of $285,480.00. Following the completion of the transaction, the insider now directly owns 14,780 shares in the company, valued at $3,842,800. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $260.00, for a total transaction of $285,740.00. Following the completion of the transaction, the insider now owns 13,681 shares of the company’s stock, valued at $3,557,060. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,291 shares of company stock worth $1,689,073. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Company 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.