MGO One Seven LLC Grows Stock Position in McDonald’s Corporation $MCD

MGO One Seven LLC lifted its stake in shares of McDonald’s Corporation (NYSE:MCD) by 5.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 18,610 shares of the fast-food giant’s stock after buying an additional 879 shares during the quarter. MGO One Seven LLC’s holdings in McDonald’s were worth $5,437,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. HFM Investment Advisors LLC purchased a new position in McDonald’s during the 1st quarter worth $26,000. Nova Wealth Management Inc. purchased a new position in McDonald’s during the first quarter worth about $26,000. GFG Capital LLC purchased a new position in McDonald’s during the second quarter worth about $29,000. Abound Financial LLC purchased a new position in McDonald’s during the first quarter worth about $30,000. Finally, Redmont Wealth Advisors LLC purchased a new position in McDonald’s during the first quarter worth about $31,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Analyst Ratings Changes

MCD has been the subject of a number of analyst reports. Stifel Nicolaus increased their target price on McDonald’s from $300.00 to $315.00 and gave the stock a “hold” rating in a research note on Friday, August 22nd. Citigroup increased their price objective on McDonald’s from $373.00 to $381.00 and gave the stock a “buy” rating in a research report on Wednesday, September 17th. Barclays increased their price objective on McDonald’s from $355.00 to $360.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. Piper Sandler increased their price target on shares of McDonald’s from $314.00 to $325.00 and gave the company a “neutral” rating in a report on Thursday, August 7th. Finally, Truist Financial increased their price target on shares of McDonald’s from $356.00 to $360.00 and gave the company a “buy” rating in a report on Thursday, August 7th. 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $325.18.

McDonald’s Price Performance

Shares of MCD opened at $297.07 on Monday. The firm has a 50 day simple moving average of $306.31 and a 200-day simple moving average of $305.69. McDonald’s Corporation has a 1-year low of $276.53 and a 1-year high of $326.32. The stock has a market cap of $211.99 billion, a price-to-earnings ratio of 25.46, a price-to-earnings-growth ratio of 3.12 and a beta of 0.50.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, topping analysts’ consensus estimates of $3.15 by $0.04. The business had revenue of $6.84 billion during the quarter, compared to analysts’ expectations of $6.68 billion. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. The company’s revenue was up 5.4% on a year-over-year basis. During the same period last year, the company posted $2.97 EPS. On average, equities analysts expect that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

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

Insider Buying and Selling

In related news, EVP Desiree Ralls-Morrison sold 2,487 shares of McDonald’s stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total transaction of $770,970.00. Following the completion of the sale, the executive vice president owned 8,754 shares in the company, valued at approximately $2,713,740. This trade represents a 22.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CMO Edith Morgan Flatley sold 1,000 shares of McDonald’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total value of $315,000.00. Following the sale, the chief marketing officer owned 6,858 shares of the company’s stock, valued at approximately $2,160,270. This represents a 12.73% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,402 shares of company stock worth $1,973,407. 0.25% of the stock is owned by company insiders.

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.