McDonald’s Corporation $MCD Shares Acquired by IFP Advisors Inc

IFP Advisors Inc increased its position in McDonald’s Corporation (NYSE:MCD) by 1.3% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,849 shares of the fast-food giant’s stock after purchasing an additional 286 shares during the period. IFP Advisors Inc’s holdings in McDonald’s were worth $6,568,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. First American Trust FSB boosted its stake in McDonald’s by 55.9% in the first quarter. First American Trust FSB now owns 36,917 shares of the fast-food giant’s stock valued at $11,532,000 after acquiring an additional 13,234 shares during the period. Banque Transatlantique SA boosted its stake in McDonald’s by 58.0% in the first quarter. Banque Transatlantique SA now owns 248,826 shares of the fast-food giant’s stock valued at $71,829,000 after acquiring an additional 91,313 shares during the period. Hamilton Capital LLC boosted its stake in McDonald’s by 35.2% in the first quarter. Hamilton Capital LLC now owns 3,145 shares of the fast-food giant’s stock valued at $982,000 after acquiring an additional 819 shares during the period. Red Door Wealth Management LLC boosted its stake in McDonald’s by 1.9% in the first quarter. Red Door Wealth Management LLC now owns 5,724 shares of the fast-food giant’s stock valued at $1,788,000 after acquiring an additional 109 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of McDonald’s by 5.6% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 345,319 shares of the fast-food giant’s stock valued at $107,867,000 after buying an additional 18,393 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MCD has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price target on McDonald’s from $305.00 to $310.00 and gave the company an “overweight” rating in a report on Thursday, August 7th. Citigroup lifted their price target on McDonald’s from $373.00 to $381.00 and gave the company a “buy” rating in a report on Wednesday, September 17th. Morgan Stanley lifted their price target on McDonald’s from $324.00 to $326.00 and gave the company an “equal weight” rating in a report on Monday, July 14th. Royal Bank Of Canada initiated coverage on McDonald’s in a report on Wednesday. They set a “sector perform” rating and a $320.00 price target on the stock. Finally, Evercore ISI lifted their price target on McDonald’s from $350.00 to $360.00 and gave the company an “outperform” rating in a report on Friday, August 8th. Eleven equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, McDonald’s has an average rating of “Hold” and an average target price of $324.73.

Insider Buying and Selling

In other McDonald’s news, EVP Jonathan Banner sold 1,000 shares of the company’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total value of $310,000.00. Following the transaction, the executive vice president owned 99 shares of the company’s stock, valued at approximately $30,690. This represents a 90.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of the company’s stock in a transaction on Wednesday, August 6th. The shares were 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 directly owned 8,754 shares in the company, valued at $2,713,740. This represents a 22.12% decrease in their position. 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. Corporate insiders own 0.25% of the company’s stock.

McDonald’s Price Performance

Shares of NYSE:MCD opened at $293.76 on Friday. McDonald’s Corporation has a 12 month low of $276.53 and a 12 month high of $326.32. The stock has a market cap of $209.63 billion, a price-to-earnings ratio of 25.17, a PEG ratio of 3.00 and a beta of 0.50. The stock’s 50 day moving average price is $306.43 and its 200 day moving average price is $305.86.

McDonald’s (NYSE:MCD) last announced its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 EPS 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 for the quarter, compared to analysts’ expectations of $6.68 billion. During the same quarter in the previous year, the company earned $2.97 earnings per share. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, sell-side analysts expect that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were issued 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 currently 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.