Advisory Alpha LLC Raises Stock Position in McDonald’s Corporation $MCD

Advisory Alpha LLC boosted its holdings in McDonald’s Corporation (NYSE:MCD) by 2.6% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 4,888 shares of the fast-food giant’s stock after buying an additional 125 shares during the period. Advisory Alpha LLC’s holdings in McDonald’s were worth $1,429,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. HFM Investment Advisors LLC purchased a new position in shares of McDonald’s during the first quarter valued at about $26,000. Nova Wealth Management Inc. purchased a new position in shares of McDonald’s during the first quarter valued at about $26,000. GFG Capital LLC purchased a new position in shares of McDonald’s during the second quarter valued at about $29,000. Abound Financial LLC purchased a new position in shares of McDonald’s during the first quarter valued at about $30,000. Finally, Redmont Wealth Advisors LLC purchased a new position in shares of McDonald’s during the first quarter valued at about $31,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on MCD. Royal Bank Of Canada began coverage on McDonald’s in a research report on Wednesday, October 8th. They set a “sector perform” rating and a $320.00 price objective for the company. Piper Sandler restated a “neutral” rating and set a $325.00 price objective on shares of McDonald’s in a research report on Wednesday, October 22nd. Stifel Nicolaus increased their price target on shares of McDonald’s from $300.00 to $315.00 and gave the company a “hold” rating in a report on Friday, August 22nd. Morgan Stanley set a $335.00 price target on shares of McDonald’s in a report on Friday, October 17th. Finally, The Goldman Sachs Group raised shares of McDonald’s from a “neutral” rating to a “buy” rating and set a $345.00 price target for the company in a report on Thursday, July 10th. Eleven equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $323.43.

Insiders Place Their Bets

In other McDonald’s news, CMO Edith Morgan Flatley sold 1,000 shares of the firm’s stock in a transaction dated 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 sale, the chief marketing officer owned 6,858 shares of the company’s stock, valued at $2,160,270. This trade represents a 12.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jonathan Banner sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total transaction of $310,000.00. Following the completion of the sale, the executive vice president directly owned 99 shares of the company’s stock, valued at approximately $30,690. The trade was a 90.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 5,463 shares of company stock valued at $1,692,186 over the last 90 days. Insiders own 0.25% of the company’s stock.

McDonald’s Trading Down 1.0%

Shares of NYSE:MCD opened at $306.79 on Wednesday. McDonald’s Corporation has a 12 month low of $276.53 and a 12 month high of $326.32. The company has a 50-day moving average price of $306.44 and a 200 day moving average price of $305.71. The company has a market cap of $218.93 billion, a price-to-earnings ratio of 26.29, a PEG ratio of 3.31 and a beta of 0.50.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 EPS for the quarter, beating 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 net margin of 32.21% and a negative return on equity of 225.52%. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.97 EPS. As a group, equities analysts forecast that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a $1.86 dividend. The ex-dividend date of this dividend is Monday, December 1st. This is an increase from McDonald’s’s previous quarterly dividend of $1.77. This represents a $7.44 annualized dividend and a yield of 2.4%. McDonald’s’s payout ratio is 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.