McDonald’s Corporation $MCD Shares Acquired by MGO One Seven LLC

MGO One Seven LLC increased its holdings in shares of McDonald’s Corporation (NYSE:MCDFree Report) by 15.7% in the 2nd quarter, Holdings Channel.com reports. The firm owned 21,950 shares of the fast-food giant’s stock after acquiring an additional 2,978 shares during the quarter. MGO One Seven LLC’s holdings in McDonald’s were worth $5,933,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Your Advocates Ltd. LLP purchased a new stake in shares of McDonald’s during the 4th quarter worth approximately $27,000. IFC & Insurance Marketing Inc. acquired a new stake in McDonald’s during the 4th quarter worth $29,000. Abound Financial LLC acquired a new stake in McDonald’s during the 4th quarter worth $30,000. DecisionPoint Financial LLC lifted its position in McDonald’s by 1,616.7% in the fourth quarter. DecisionPoint Financial LLC now owns 103 shares of the fast-food giant’s stock valued at $31,000 after acquiring an additional 97 shares during the last quarter. Finally, Entrust Financial LLC acquired a new position in McDonald’s in the fourth quarter valued at $31,000. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald’s Stock Up 0.6%

Shares of MCD stock opened at $267.15 on Wednesday. The stock’s 50-day moving average price is $273.27 and its 200 day moving average price is $294.49. The stock has a market capitalization of $189.04 billion, a PE ratio of 21.70, a price-to-earnings-growth ratio of 3.05 and a beta of 0.41. McDonald’s Corporation has a 52-week low of $260.96 and a 52-week high of $341.75.

McDonald’s (NYSE:MCDGet Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The fast-food giant reported $3.38 earnings per share for the quarter, topping analysts’ consensus estimates of $3.32 by $0.06. McDonald’s had a negative return on equity of 572.06% and a net margin of 31.72%.The company had revenue of $7.10 billion during the quarter, compared to analysts’ expectations of $7.13 billion. During the same period last year, the firm earned $3.19 EPS. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. Analysts expect that McDonald’s Corporation will post 12.88 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Tuesday, September 1st will be issued a dividend of $1.86 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $7.44 annualized dividend and a dividend yield of 2.8%. McDonald’s’s dividend payout ratio (DPR) is currently 60.44%.

Insider Buying and Selling at McDonald’s

In related news, EVP Desiree Ralls-Morrison sold 2,763 shares of McDonald’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $278.36, for a total value of $769,108.68. Following the transaction, the executive vice president directly owned 6,268 shares in the company, valued at $1,744,760.48. This trade represents a 30.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 5,252 shares of the firm’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $284.32, for a total transaction of $1,493,248.64. Following the completion of the sale, the insider owned 7,734 shares of the company’s stock, valued at $2,198,930.88. This trade represents a 40.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 8,348 shares of company stock valued at $2,355,634. Corporate insiders own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on MCD shares. Weiss Ratings lowered McDonald’s from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 23rd. Royal Bank Of Canada decreased their target price on McDonald’s from $305.00 to $295.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 5th. JPMorgan Chase & Co. dropped their price target on McDonald’s from $325.00 to $305.00 and set an “overweight” rating on the stock in a research note on Monday, May 11th. TD Cowen reiterated a “hold” rating on shares of McDonald’s in a research note on Tuesday, August 4th. Finally, KeyCorp decreased their price objective on McDonald’s from $315.00 to $305.00 and set an “overweight” rating for the company in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $325.44.

Check Out Our Latest Stock Report on McDonald’s

McDonald’s News Roundup

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About McDonald’s

(Free Report)

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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