eCIO Inc. Makes New Investment in McDonald’s Corporation $MCD

eCIO Inc. acquired a new stake in shares of McDonald’s Corporation (NYSE:MCD) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 343 shares of the fast-food giant’s stock, valued at approximately $107,000.

Several other large investors have also made changes to their positions in the company. Nova Wealth Management Inc. bought a new position in McDonald’s during the 1st quarter valued at about $26,000. HFM Investment Advisors LLC acquired a new stake in shares of McDonald’s during the first quarter worth approximately $26,000. Mascagni Wealth Management Inc. bought a new position in shares of McDonald’s in the fourth quarter valued at approximately $25,000. Abound Financial LLC acquired a new position in shares of McDonald’s in the 1st quarter worth approximately $30,000. Finally, Pinney & Scofield Inc. bought a new stake in McDonald’s during the 4th quarter worth approximately $29,000. Institutional investors own 70.29% of the company’s stock.

Insider Buying and Selling

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 stock was sold at an average price of $315.00, for a total transaction of $315,000.00. Following the transaction, the chief marketing officer owned 6,858 shares in the company, valued at approximately $2,160,270. This trade represents a 12.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of the business’s stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total value of $770,970.00. Following the transaction, the executive vice president owned 8,754 shares of the company’s stock, valued at $2,713,740. The trade was a 22.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,341 shares of company stock valued at $2,544,327 over the last 90 days. Company insiders own 0.25% of the company’s stock.

McDonald’s Trading Up 0.8%

McDonald’s stock opened at $308.32 on Friday. The company has a market cap of $220.02 billion, a PE ratio of 26.42, a PEG ratio of 3.12 and a beta of 0.50. McDonald’s Corporation has a 1 year low of $276.53 and a 1 year high of $326.32. The company’s 50-day moving average is $305.09 and its two-hundred day moving average is $306.61.

McDonald’s (NYSE:MCD) last issued its quarterly 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 net margin of 32.21% and a negative return on equity of 225.52%. The company had revenue of $6.84 billion during the quarter, compared to analysts’ expectations of $6.68 billion. During the same quarter in the previous year, the company earned $2.97 EPS. McDonald’s’s revenue was up 5.4% on a year-over-year basis. Research analysts forecast 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 will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be paid a $1.77 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.3%. McDonald’s’s dividend payout ratio is 60.67%.

Analysts Set New Price Targets

Several equities analysts have issued reports on MCD shares. Bank of America cut their price objective on McDonald’s from $327.00 to $322.00 and set a “neutral” rating for the company in a research report on Friday, July 18th. Erste Group Bank lowered McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Saturday, May 24th. Citigroup upped their price target on shares of McDonald’s from $364.00 to $365.00 and gave the stock a “buy” rating in a research report on Wednesday, July 9th. Melius assumed coverage on shares of McDonald’s in a report on Monday, July 14th. They set a “sell” rating and a $250.00 price objective on the stock. Finally, Truist Financial boosted their target price on shares of McDonald’s from $356.00 to $360.00 and gave the stock a “buy” rating in a research note on Thursday, August 7th. Eleven research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $325.14.

McDonald’s 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.