Hill Island Financial LLC Purchases 233 Shares of McDonald’s Co. (NYSE:MCD)

Hill Island Financial LLC increased its position in McDonald’s Co. (NYSE:MCD) by 7.6% during the second quarter, Holdings Channel.com reports. The institutional investor owned 3,309 shares of the fast-food giant’s stock after purchasing an additional 233 shares during the period. Hill Island Financial LLC’s holdings in McDonald’s were worth $843,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Alpha Financial Partners LLC grew its stake in shares of McDonald’s by 4.2% in the 2nd quarter. Alpha Financial Partners LLC now owns 965 shares of the fast-food giant’s stock worth $246,000 after buying an additional 39 shares in the last quarter. Excalibur Management Corp lifted its holdings in shares of McDonald’s by 8.9% in the 2nd quarter. Excalibur Management Corp now owns 1,709 shares of the fast-food giant’s stock valued at $436,000 after acquiring an additional 139 shares during the last quarter. Luts & Greenleigh Group Inc. purchased a new position in McDonald’s in the second quarter worth about $313,000. Savoir Faire Capital Management L.P. increased its stake in McDonald’s by 19.9% during the second quarter. Savoir Faire Capital Management L.P. now owns 12,858 shares of the fast-food giant’s stock worth $3,277,000 after acquiring an additional 2,135 shares during the last quarter. Finally, Citizens Financial Group Inc. RI raised its position in McDonald’s by 46.1% during the second quarter. Citizens Financial Group Inc. RI now owns 22,726 shares of the fast-food giant’s stock valued at $5,791,000 after purchasing an additional 7,168 shares during the period. 70.29% of the stock is owned by institutional investors.

McDonald’s Stock Performance

NYSE MCD opened at $296.66 on Tuesday. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $302.39. The firm has a market capitalization of $213.80 billion, a P/E ratio of 25.18, a PEG ratio of 3.88 and a beta of 0.72. The stock has a 50-day simple moving average of $273.87 and a two-hundred day simple moving average of $270.50.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results 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). The company had revenue of $6.49 billion for the quarter, compared to analysts’ expectations of $6.62 billion. McDonald’s had a net margin of 32.25% and a negative return on equity of 178.68%. The firm’s revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.17 earnings per share. As a group, analysts forecast that McDonald’s Co. will post 11.67 earnings per share for the current year.

McDonald’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be paid a $1.67 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $6.68 annualized dividend and a dividend yield of 2.25%. McDonald’s’s dividend payout ratio is presently 56.71%.

Analysts Set New Price Targets

MCD has been the subject of a number of recent research reports. Wedbush reiterated an “outperform” rating and issued a $295.00 target price on shares of McDonald’s in a report on Monday, July 29th. TD Cowen cut shares of McDonald’s from a “buy” rating to a “hold” rating and cut their price objective for the company from $285.00 to $280.00 in a research report on Wednesday, July 31st. Evercore ISI increased their target price on shares of McDonald’s from $300.00 to $320.00 and gave the company an “outperform” rating in a research note on Monday, August 19th. Truist Financial dropped their price target on shares of McDonald’s from $300.00 to $295.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. Finally, Stifel Nicolaus reduced their price objective on shares of McDonald’s from $285.00 to $265.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. Eleven investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat.com, McDonald’s currently has an average rating of “Moderate Buy” and an average target price of $306.11.

Insider Buying and Selling

In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $286.36, for a total value of $428,967.28. Following the sale, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at $446,721.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Marion K. Gross sold 1,498 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $286.36, for a total value of $428,967.28. Following the completion of the transaction, the executive vice president now owns 1,560 shares in the company, valued at approximately $446,721.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,291 shares of company stock valued at $1,689,073. 0.23% of the stock is owned by company insiders.

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.