McDonald’s Corporation $MCD Shares Purchased by Reyes Financial Architecture Inc.

Reyes Financial Architecture Inc. raised its stake in McDonald’s Corporation (NYSE:MCD) by 20.3% during the second quarter, HoldingsChannel reports. The institutional investor owned 1,911 shares of the fast-food giant’s stock after purchasing an additional 323 shares during the quarter. Reyes Financial Architecture Inc.’s holdings in McDonald’s were worth $558,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Czech National Bank lifted its position in McDonald’s by 6.2% in the second quarter. Czech National Bank now owns 174,809 shares of the fast-food giant’s stock valued at $51,074,000 after buying an additional 10,213 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its stake in McDonald’s by 332.8% during the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 74,520 shares of the fast-food giant’s stock worth $21,773,000 after purchasing an additional 57,300 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in McDonald’s by 0.5% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 130,761 shares of the fast-food giant’s stock worth $38,204,000 after purchasing an additional 669 shares during the period. Range Financial Group LLC increased its stake in McDonald’s by 4.6% during the second quarter. Range Financial Group LLC now owns 11,892 shares of the fast-food giant’s stock worth $3,474,000 after purchasing an additional 521 shares during the period. Finally, Little House Capital LLC increased its stake in McDonald’s by 0.9% during the second quarter. Little House Capital LLC now owns 5,853 shares of the fast-food giant’s stock worth $1,710,000 after purchasing an additional 51 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insiders Place Their Bets

In other McDonald’s news, CMO Edith Morgan Flatley sold 1,000 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total value of $315,000.00. Following the completion of the sale, the chief marketing officer owned 6,858 shares of the company’s stock, valued at approximately $2,160,270. This trade represents a 12.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jonathan Banner sold 1,000 shares of the firm’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total value of $310,000.00. Following the completion of the sale, the executive vice president directly owned 99 shares of the company’s stock, valued at approximately $30,690. This trade represents a 90.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,341 shares of company stock worth $2,544,327 in the last ninety days. 0.25% of the stock is owned by insiders.

McDonald’s Price Performance

Shares of NYSE MCD opened at $302.08 on Tuesday. The stock has a fifty day moving average price of $305.50 and a 200 day moving average price of $306.53. McDonald’s Corporation has a 1-year low of $276.53 and a 1-year high of $326.32. The company has a market cap of $215.56 billion, a PE ratio of 25.88, a P/E/G ratio of 3.11 and a beta of 0.50.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.04. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The firm had revenue of $6.84 billion during the quarter, compared to the consensus estimate of $6.68 billion. During the same period last year, the company earned $2.97 earnings per share. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. Analysts anticipate that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be issued a $1.77 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.3%. McDonald’s’s dividend payout ratio (DPR) is 60.67%.

Analyst Ratings Changes

MCD has been the topic of a number of recent research reports. BMO Capital Markets boosted their price target on shares of McDonald’s from $350.00 to $360.00 and gave the stock an “outperform” rating in a research note on Thursday, September 4th. Erste Group Bank lowered shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Saturday, May 24th. Guggenheim restated a “neutral” rating on shares of McDonald’s in a research note on Friday, August 8th. KeyCorp restated an “overweight” rating and set a $335.00 target price (up from $325.00) on shares of McDonald’s in a research note on Thursday, August 7th. Finally, The Goldman Sachs Group upgraded shares of McDonald’s from a “neutral” rating to a “buy” rating and set a $345.00 target price on the stock in a research note on Thursday, July 10th. Eleven equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, McDonald’s currently has an average rating of “Hold” and a consensus price target of $325.14.

McDonald’s Profile

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.