Journey Strategic Wealth LLC Buys 3,604 Shares of McDonald’s Corporation $MCD

Journey Strategic Wealth LLC increased its stake in McDonald’s Corporation (NYSE:MCD) by 40.5% in the second quarter, Holdings Channel.com reports. The firm owned 12,495 shares of the fast-food giant’s stock after purchasing an additional 3,604 shares during the quarter. Journey Strategic Wealth LLC’s holdings in McDonald’s were worth $3,651,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Nuveen LLC acquired a new position in shares of McDonald’s during the first quarter worth about $1,324,961,000. Price T Rowe Associates Inc. MD lifted its stake in McDonald’s by 16.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,341,460 shares of the fast-food giant’s stock valued at $2,917,993,000 after acquiring an additional 1,344,954 shares in the last quarter. Vanguard Group Inc. boosted its position in McDonald’s by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 71,331,031 shares of the fast-food giant’s stock worth $20,840,787,000 after acquiring an additional 921,936 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of McDonald’s by 19.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,982,825 shares of the fast-food giant’s stock worth $1,556,485,000 after acquiring an additional 815,768 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its holdings in shares of McDonald’s by 732.6% in the first quarter. T. Rowe Price Investment Management Inc. now owns 650,544 shares of the fast-food giant’s stock valued at $203,211,000 after purchasing an additional 572,408 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Transactions at McDonald’s

In other McDonald’s news, EVP Manuel Jm Steijaert sold 13,134 shares of the stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $300.42, for a total transaction of $3,945,716.28. Following the transaction, the executive vice president owned 4,606 shares in the company, valued at $1,383,734.52. This trade represents a 74.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 3,195 shares of the business’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $305.82, for a total transaction of $977,094.90. Following the completion of the sale, the insider directly owned 6,088 shares of the company’s stock, valued at approximately $1,861,832.16. The trade was a 34.42% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 17,329 shares of company stock worth $5,237,811. Company insiders own 0.25% of the company’s stock.

McDonald’s Price Performance

MCD stock opened at $303.99 on Friday. McDonald’s Corporation has a one year low of $276.53 and a one year high of $326.32. The stock has a market cap of $216.49 billion, a price-to-earnings ratio of 26.05, a price-to-earnings-growth ratio of 3.23 and a beta of 0.50. The company has a fifty day moving average price of $302.89 and a two-hundred day moving average price of $304.41.

McDonald’s (NYSE:MCD) last posted its earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.11). McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The company had revenue of $7.08 billion for the quarter, compared to analyst estimates of $7.10 billion. During the same quarter in the prior year, the business posted $3.23 EPS. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. Research analysts anticipate that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a $1.86 dividend. The ex-dividend date of this dividend is Monday, December 1st. This is a positive change from McDonald’s’s previous quarterly dividend of $1.77. This represents a $7.44 annualized dividend and a dividend yield of 2.4%. McDonald’s’s dividend payout ratio (DPR) is currently 63.48%.

Analyst Upgrades and Downgrades

MCD has been the subject of several recent research reports. Robert W. Baird increased their target price on shares of McDonald’s from $322.00 to $325.00 and gave the stock a “neutral” rating in a report on Thursday, November 6th. BMO Capital Markets reaffirmed an “outperform” rating on shares of McDonald’s in a research report on Thursday, November 6th. Citigroup reduced their price target on McDonald’s from $381.00 to $375.00 and set a “buy” rating for the company in a research report on Tuesday, October 21st. Guggenheim upped their price objective on McDonald’s from $295.00 to $310.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, Evercore ISI increased their price objective on McDonald’s from $350.00 to $360.00 and gave the company an “outperform” rating in a report on Friday, August 8th. Eleven research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $324.57.

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.