McDonald’s Corporation $MCD Shares Bought by Barrett & Company Inc.

Barrett & Company Inc. raised its stake in McDonald’s Corporation (NYSE:MCD) by 26.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 888 shares of the fast-food giant’s stock after purchasing an additional 184 shares during the quarter. Barrett & Company Inc.’s holdings in McDonald’s were worth $260,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in MCD. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in shares of McDonald’s by 1.3% during the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 17,325 shares of the fast-food giant’s stock valued at $5,062,000 after acquiring an additional 225 shares in the last quarter. Gray Private Wealth LLC lifted its holdings in shares of McDonald’s by 4.6% during the 2nd quarter. Gray Private Wealth LLC now owns 2,284 shares of the fast-food giant’s stock valued at $667,000 after acquiring an additional 100 shares in the last quarter. Atwater Malick LLC lifted its holdings in shares of McDonald’s by 0.3% during the 2nd quarter. Atwater Malick LLC now owns 39,298 shares of the fast-food giant’s stock valued at $11,482,000 after acquiring an additional 117 shares in the last quarter. Synergy Asset Management LLC lifted its holdings in shares of McDonald’s by 40.2% during the 2nd quarter. Synergy Asset Management LLC now owns 4,573 shares of the fast-food giant’s stock valued at $1,336,000 after acquiring an additional 1,312 shares in the last quarter. Finally, Verus Financial Partners Inc. lifted its holdings in shares of McDonald’s by 8.9% during the 2nd quarter. Verus Financial Partners Inc. now owns 1,040 shares of the fast-food giant’s stock valued at $305,000 after acquiring an additional 85 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

MCD has been the topic of several recent research reports. Loop Capital lowered shares of McDonald’s from a “buy” rating to a “hold” rating and reduced their target price for the company from $346.00 to $315.00 in a report on Friday, June 6th. Truist Financial lifted their target price on shares of McDonald’s from $356.00 to $360.00 and gave the company a “buy” rating in a report on Thursday, August 7th. Evercore ISI lifted 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 Friday, August 8th. Bank of America dropped their price target on shares of McDonald’s from $327.00 to $322.00 and set a “neutral” rating on the stock in a research note on Friday, July 18th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of McDonald’s in a research report on Saturday, September 27th. Twelve research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $325.86.

Insider Activity

In other McDonald’s news, CMO Edith Morgan Flatley sold 1,000 shares of the business’s stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $300.00, for a total transaction of $300,000.00. Following the completion of the transaction, the chief marketing officer directly owned 8,858 shares of the company’s stock, valued at $2,657,400. The trade was a 10.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of the business’s stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total transaction of $281,221.11. Following the transaction, the insider directly owned 9,283 shares of the company’s stock, valued at $2,780,165.67. The trade was a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,402 shares of company stock valued at $2,273,407. Company insiders own 0.25% of the company’s stock.

McDonald’s Stock Up 0.3%

Shares of NYSE:MCD opened at $300.72 on Friday. McDonald’s Corporation has a fifty-two week low of $276.53 and a fifty-two week high of $326.32. The firm has a 50-day simple moving average of $306.93 and a 200 day simple moving average of $306.17. The company has a market cap of $214.59 billion, a PE ratio of 25.77, a P/E/G ratio of 3.05 and a beta of 0.50.

McDonald’s (NYSE:MCD) last posted its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.15 by $0.04. The firm had revenue of $6.84 billion during the quarter, compared to analyst estimates of $6.68 billion. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. McDonald’s’s revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the business posted $2.97 EPS. As a group, research analysts forecast that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were paid a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Tuesday, September 2nd. McDonald’s’s payout ratio is presently 60.67%.

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.