McDonald’s Corporation $MCD Shares Bought by Roundview Capital LLC

Roundview Capital LLC raised its holdings in McDonald’s Corporation (NYSE:MCD) by 1.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,944 shares of the fast-food giant’s stock after purchasing an additional 347 shares during the period. Roundview Capital LLC’s holdings in McDonald’s were worth $9,625,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Sunbeam Capital Management LLC raised its position in shares of McDonald’s by 3.2% in the 2nd quarter. Sunbeam Capital Management LLC now owns 1,112 shares of the fast-food giant’s stock valued at $325,000 after purchasing an additional 35 shares in the last quarter. CFM Wealth Partners LLC raised its position in shares of McDonald’s by 0.8% during the 2nd quarter. CFM Wealth Partners LLC now owns 19,530 shares of the fast-food giant’s stock valued at $5,706,000 after acquiring an additional 146 shares in the last quarter. KLP Kapitalforvaltning AS raised its position in shares of McDonald’s by 3.1% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 279,756 shares of the fast-food giant’s stock valued at $81,736,000 after acquiring an additional 8,500 shares in the last quarter. Tyche Wealth Partners LLC raised its position in shares of McDonald’s by 3.1% during the 2nd quarter. Tyche Wealth Partners LLC now owns 9,755 shares of the fast-food giant’s stock valued at $2,850,000 after acquiring an additional 293 shares in the last quarter. Finally, RMG Wealth Management LLC acquired a new stake in shares of McDonald’s during the 2nd quarter valued at approximately $778,000. 70.29% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Desiree Ralls-Morrison sold 2,487 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total value of $770,970.00. Following the completion of the transaction, the executive vice president owned 8,754 shares of the company’s stock, valued at approximately $2,713,740. This represents a 22.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total value of $281,221.11. Following the completion of the transaction, the insider directly owned 9,283 shares of the company’s stock, valued at approximately $2,780,165.67. The trade was a 9.19% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,402 shares of company stock worth $2,273,407. 0.25% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Guggenheim reissued a “neutral” rating on shares of McDonald’s in a research report on Friday, August 8th. Evercore ISI upped their price target on McDonald’s from $350.00 to $360.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. Melius assumed coverage on McDonald’s in a research report on Monday, July 14th. They set a “sell” rating and a $250.00 price target on the stock. Piper Sandler upped their price target on McDonald’s from $314.00 to $325.00 and gave the company a “neutral” rating in a research report on Thursday, August 7th. Finally, KeyCorp reissued an “overweight” rating and set a $335.00 price target (up from $325.00) on shares of McDonald’s in a research report on Thursday, August 7th. Twelve analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, McDonald’s currently has a consensus rating of “Hold” and an average price target of $325.86.

McDonald’s Price Performance

Shares of MCD opened at $296.09 on Tuesday. The company has a market cap of $211.29 billion, a P/E ratio of 25.37, a PEG ratio of 3.07 and a beta of 0.50. The stock has a fifty day moving average price of $306.87 and a 200 day moving average price of $306.09. McDonald’s Corporation has a 12 month low of $276.53 and a 12 month high of $326.32.

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

McDonald’s Announces Dividend

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

About McDonald’s

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.