McDonald’s Corporation $MCD Shares Purchased by Valmark Advisers Inc.

Valmark Advisers Inc. increased its position in shares of McDonald’s Corporation (NYSE:MCD) by 2.7% during the 2nd quarter, Holdings Channel.com reports. The fund owned 16,808 shares of the fast-food giant’s stock after acquiring an additional 440 shares during the period. Valmark Advisers Inc.’s holdings in McDonald’s were worth $4,911,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. HFM Investment Advisors LLC purchased a new position in shares of McDonald’s in the 1st quarter valued at about $26,000. Nova Wealth Management Inc. purchased a new position in shares of McDonald’s in the 1st quarter valued at about $26,000. Abound Financial LLC acquired a new stake in shares of McDonald’s during the 1st quarter worth about $30,000. Redmont Wealth Advisors LLC acquired a new stake in shares of McDonald’s during the 1st quarter worth about $31,000. Finally, Financial Gravity Asset Management Inc. acquired a new stake in shares of McDonald’s during the 1st quarter worth about $31,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Stock Up 0.1%

MCD opened at $296.35 on Wednesday. The firm has a market cap of $211.47 billion, a price-to-earnings ratio of 25.39, a price-to-earnings-growth ratio of 3.01 and a beta of 0.50. McDonald’s Corporation has a 52 week low of $276.53 and a 52 week high of $326.32. The business’s 50 day moving average is $306.74 and its two-hundred day moving average is $306.02.

McDonald’s (NYSE:MCD) last announced its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, beating 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 company had revenue of $6.84 billion for the quarter, compared to the consensus estimate of $6.68 billion. During the same period last year, the business posted $2.97 EPS. The company’s revenue was up 5.4% on a year-over-year basis. Equities analysts expect that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were paid a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Tuesday, September 2nd. McDonald’s’s dividend payout ratio (DPR) is 60.67%.

Insider Buying and Selling

In other McDonald’s news, EVP Jonathan Banner sold 1,000 shares of McDonald’s stock in a transaction that occurred 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 directly owned 99 shares in the company, valued at approximately $30,690. This trade represents a 90.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of McDonald’s stock in a transaction that occurred 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 owned 8,754 shares in the company, valued at $2,713,740. This trade represents a 22.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,402 shares of company stock valued at $2,273,407. Company insiders own 0.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MCD. Piper Sandler raised their target price on McDonald’s from $314.00 to $325.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. Barclays raised their target price on McDonald’s from $355.00 to $360.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. Morgan Stanley raised their target price on McDonald’s from $324.00 to $326.00 and gave the stock an “equal weight” rating in a research report on Monday, July 14th. Redburn Atlantic reissued a “sell” rating and set a $260.00 target price (down previously from $319.00) on shares of McDonald’s in a research report on Tuesday, June 10th. Finally, The Goldman Sachs Group raised McDonald’s from a “neutral” rating to a “buy” rating and set a $345.00 target price on the stock in a research report on Thursday, July 10th. Twelve equities 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, the stock has a consensus rating of “Hold” and an average price target of $325.86.

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.