8,445 Shares in McDonald’s Corporation $MCD Acquired by S&CO Inc.

S&CO Inc. acquired a new position in shares of McDonald’s Corporation (NYSE:MCD) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 8,445 shares of the fast-food giant’s stock, valued at approximately $2,282,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Ascentis Wealth Management LLC grew its holdings in shares of McDonald’s by 4,008.8% during the 2nd quarter. Ascentis Wealth Management LLC now owns 84,230 shares of the fast-food giant’s stock valued at $22,768,000 after purchasing an additional 82,180 shares during the last quarter. Borer Denton & Associates Inc. grew its stake in shares of McDonald’s by 16.9% in the second quarter. Borer Denton & Associates Inc. now owns 13,859 shares of the fast-food giant’s stock worth $3,746,000 after purchasing an additional 2,000 shares during the last quarter. Peterson Wealth Services increased its stake in shares of McDonald’s by 3,294.5% in the fourth quarter. Peterson Wealth Services now owns 11,779 shares of the fast-food giant’s stock valued at $3,600,000 after buying an additional 11,432 shares during the period. Harbour Investments Inc. increased its position in McDonald’s by 84.4% during the 4th quarter. Harbour Investments Inc. now owns 35,510 shares of the fast-food giant’s stock valued at $10,853,000 after purchasing an additional 16,252 shares during the period. Finally, Capital International Sarl increased its position in shares of McDonald’s by 10.4% during the fourth quarter. Capital International Sarl now owns 64,256 shares of the fast-food giant’s stock worth $19,639,000 after buying an additional 6,079 shares during the period. Institutional investors own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

MCD has been the subject of several recent analyst reports. TD Cowen reaffirmed a “hold” rating on shares of McDonald’s in a research note on Tuesday, August 4th. Guggenheim decreased their target price on shares of McDonald’s from $320.00 to $290.00 and set a “neutral” rating for the company in a research report on Wednesday, August 5th. KeyCorp decreased their price target on McDonald’s from $315.00 to $305.00 and set an “overweight” rating for the company in a report on Wednesday, August 5th. Morgan Stanley reduced their price objective on shares of McDonald’s from $322.00 to $319.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on McDonald’s from $335.00 to $345.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $325.44.

Insider Buying and Selling

In other McDonald’s news, insider Joseph M. Erlinger sold 5,252 shares of McDonald’s stock in a transaction dated 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. The trade was a 40.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Desiree Ralls-Morrison sold 2,763 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $278.36, for a total value of $769,108.68. Following the completion of the sale, the executive vice president owned 6,268 shares of the company’s stock, valued at $1,744,760.48. The trade was a 30.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 8,348 shares of company stock worth $2,355,634 over the last ninety days. 0.26% of the stock is currently owned by insiders.

Key McDonald’s News

Here are the key news stories impacting McDonald’s this week:

• Positive Sentiment: McDonald’s second-quarter earnings beat expectations, with EPS of $3.38 versus the $3.32 consensus. Franchise-related strength, international growth, beverage opportunities and a planned U.S. recovery could support a rebound if management improves traffic and execution. McDonald’s Q2 Earnings Beat Puts U.S. Traffic and Margins in Focus
• Positive Sentiment: New and returning menu offerings—including a fall coffee flavor, limited-time meals and the Hello Kitty x Godzilla Happy Meal—could generate customer engagement and incremental visits. A gas-savings promotion may also enhance value perceptions. McDonald’s Has 8 New Hello Kitty x Godzilla Happy Meal Toys

McDonald’s Stock Performance

Shares of NYSE MCD opened at $266.88 on Thursday. The stock has a fifty day moving average of $272.94 and a 200-day moving average of $294.15. McDonald’s Corporation has a fifty-two week low of $260.96 and a fifty-two week high of $341.75. The stock has a market cap of $188.86 billion, a PE ratio of 21.68, a price-to-earnings-growth ratio of 2.99 and a beta of 0.41.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Tuesday, August 4th. The fast-food giant reported $3.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.32 by $0.06. McDonald’s had a net margin of 31.72% and a negative return on equity of 572.06%. The firm had revenue of $7.10 billion for the quarter, compared to the consensus estimate of $7.13 billion. During the same period in the prior year, the firm posted $3.19 earnings per share. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, sell-side analysts predict that McDonald’s Corporation will post 12.88 EPS for the current year.

McDonald’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Tuesday, September 1st will be issued a $1.86 dividend. 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 presently 60.44%.

McDonald’s Company Profile

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.