McDonald’s Corporation $MCD Shares Acquired by Stiles Financial Services Inc

Stiles Financial Services Inc lifted its holdings in McDonald’s Corporation (NYSE:MCD) by 2.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,351 shares of the fast-food giant’s stock after acquiring an additional 90 shares during the quarter. Stiles Financial Services Inc’s holdings in McDonald’s were worth $1,271,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in MCD. Nova Wealth Management Inc. acquired a new stake in McDonald’s during the first quarter worth about $26,000. HFM Investment Advisors LLC acquired a new position in shares of McDonald’s in the first quarter valued at approximately $26,000. Abound Financial LLC purchased a new position in McDonald’s in the first quarter worth approximately $30,000. GFG Capital LLC purchased a new position in McDonald’s in the second quarter worth approximately $29,000. Finally, Redmont Wealth Advisors LLC purchased a new position in McDonald’s in the first quarter worth approximately $31,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at McDonald’s

In other McDonald’s news, CMO Edith Morgan Flatley sold 1,000 shares of McDonald’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total value of $315,000.00. Following the completion of the transaction, the chief marketing officer owned 6,858 shares of the company’s stock, valued at $2,160,270. The trade was a 12.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Jonathan Banner sold 1,000 shares of McDonald’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total transaction of $310,000.00. Following the sale, the executive vice president owned 99 shares in the company, valued at approximately $30,690. This represents a 90.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,402 shares of company stock worth $1,973,407 over the last three months. 0.25% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on MCD shares. Weiss Ratings restated a “buy (b)” rating on shares of McDonald’s in a research report on Wednesday. Truist Financial boosted their price objective on shares of McDonald’s from $356.00 to $360.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. The Goldman Sachs Group raised shares of McDonald’s from a “neutral” rating to a “buy” rating and set a $345.00 price target on the stock in a research note on Thursday, July 10th. Melius assumed coverage on shares of McDonald’s in a research note on Monday, July 14th. They set a “sell” rating and a $250.00 price target on the stock. Finally, BMO Capital Markets upped 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. Eleven investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $324.73.

McDonald’s Stock Down 0.2%

McDonald’s stock opened at $293.76 on Friday. McDonald’s Corporation has a 52 week low of $276.53 and a 52 week high of $326.32. The firm’s 50-day simple moving average is $306.43 and its 200 day simple moving average is $305.86. The firm has a market capitalization of $209.63 billion, a PE ratio of 25.17, a P/E/G ratio of 3.00 and a beta of 0.50.

McDonald’s (NYSE:MCD) last released 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 company had revenue of $6.84 billion for 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%. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.97 EPS. On average, research analysts expect that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were given a $1.77 dividend. 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 dividend payout ratio is presently 60.67%.

McDonald’s Company 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.