Perennial Investment Advisors LLC Buys 86 Shares of McDonald’s Co. (NYSE:MCD)

Perennial Investment Advisors LLC increased its stake in shares of McDonald’s Co. (NYSE:MCD) by 5.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,555 shares of the fast-food giant’s stock after acquiring an additional 86 shares during the period. Perennial Investment Advisors LLC’s holdings in McDonald’s were worth $396,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of MCD. Gilbert & Cook Inc. raised its position in McDonald’s by 20.7% during the fourth quarter. Gilbert & Cook Inc. now owns 4,384 shares of the fast-food giant’s stock worth $1,300,000 after acquiring an additional 753 shares in the last quarter. Aveo Capital Partners LLC raised its holdings in shares of McDonald’s by 14.5% in the 4th quarter. Aveo Capital Partners LLC now owns 1,899 shares of the fast-food giant’s stock valued at $563,000 after purchasing an additional 240 shares during the period. 9258 Wealth Management LLC raised its holdings in shares of McDonald’s by 4.2% in the 4th quarter. 9258 Wealth Management LLC now owns 2,796 shares of the fast-food giant’s stock valued at $829,000 after purchasing an additional 113 shares during the period. Gryphon Financial Partners LLC lifted its stake in McDonald’s by 99.3% in the 4th quarter. Gryphon Financial Partners LLC now owns 5,892 shares of the fast-food giant’s stock valued at $1,722,000 after purchasing an additional 2,935 shares during the last quarter. Finally, Clearbridge Investments LLC grew its holdings in McDonald’s by 272.9% during the fourth quarter. Clearbridge Investments LLC now owns 22,983 shares of the fast-food giant’s stock worth $6,815,000 after purchasing an additional 16,819 shares during the period. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald’s Trading Down 1.0 %

Shares of NYSE:MCD opened at $293.73 on Wednesday. The stock has a market capitalization of $211.69 billion, a PE ratio of 24.93, a PEG ratio of 3.88 and a beta of 0.72. The firm has a 50 day moving average of $274.83 and a 200-day moving average of $270.53. McDonald’s Co. has a 12 month low of $243.53 and a 12 month 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 EPS for the quarter, missing the consensus estimate of $3.07 by ($0.10). The firm had revenue of $6.49 billion for the quarter, compared to analyst estimates 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 for the quarter was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.17 earnings per share. On average, research analysts predict that McDonald’s Co. will post 11.67 EPS for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were paid a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend was Tuesday, September 3rd. McDonald’s’s dividend payout ratio (DPR) is presently 56.71%.

Insider Buying and Selling at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $288.70, for a total value of $316,992.60. Following the completion of the transaction, the insider now owns 12,583 shares of the company’s stock, valued at $3,632,712.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Marion K. Gross sold 1,498 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $286.36, for a total transaction of $428,967.28. Following the completion of the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at $446,721.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $288.70, for a total value of $316,992.60. Following the completion of the sale, the insider now owns 12,583 shares in the company, valued at $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 worth $1,689,073 over the last 90 days. Insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

MCD has been the topic of several research analyst reports. TD Cowen lowered McDonald’s from a “buy” rating to a “hold” rating and dropped their price objective for the company from $285.00 to $280.00 in a research note on Wednesday, July 31st. Barclays dropped their price target on McDonald’s from $320.00 to $300.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 30th. KeyCorp reduced their price objective on shares of McDonald’s from $310.00 to $305.00 and set an “overweight” rating for the company in a research report on Tuesday, July 30th. The Goldman Sachs Group assumed coverage on shares of McDonald’s in a research report on Thursday, June 13th. They issued a “neutral” rating and a $288.00 price objective on the stock. Finally, Truist Financial reduced their target price on shares of McDonald’s from $300.00 to $295.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Eleven investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, McDonald’s currently has an average rating of “Moderate Buy” and an average price target of $306.11.

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.