Pandora Wealth Inc. Acquires Shares of 208 McDonald’s Corporation (NYSE:MCD)

Pandora Wealth Inc. acquired a new stake in shares of McDonald’s Corporation (NYSE:MCD) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 208 shares of the fast-food giant’s stock, valued at approximately $65,000.

A number of other institutional investors have also added to or reduced their stakes in MCD. Mascagni Wealth Management Inc. bought a new position in shares of McDonald’s during the 4th quarter valued at approximately $25,000. Pinney & Scofield Inc. bought a new position in shares of McDonald’s during the 4th quarter valued at approximately $29,000. GKV Capital Management Co. Inc. bought a new position in shares of McDonald’s during the 4th quarter valued at approximately $30,000. Abound Financial LLC bought a new position in shares of McDonald’s during the 1st quarter valued at approximately $30,000. Finally, Copia Wealth Management bought a new position in shares of McDonald’s during the 4th quarter valued at approximately $31,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other McDonald’s news, CMO Edith Morgan Flatley sold 1,000 shares of McDonald’s stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $300.00, for a total value of $300,000.00. Following the transaction, the chief marketing officer directly owned 8,858 shares in the company, valued at approximately $2,657,400. This trade represents a 10.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of McDonald’s stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total value of $281,221.11. Following the completion of the transaction, the insider owned 9,283 shares in the company, valued at $2,780,165.67. This trade represents a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,280 shares of company stock worth $2,215,178 in the last quarter. 0.25% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on MCD shares. Morgan Stanley increased their target price on McDonald’s from $324.00 to $326.00 and gave the company an “equal weight” rating in a research report on Monday, July 14th. The Goldman Sachs Group upgraded McDonald’s from a “neutral” rating to a “buy” rating and set a $345.00 price target for the company in a research report on Thursday, July 10th. Truist Financial raised their price target on McDonald’s from $356.00 to $360.00 and gave the stock a “buy” rating in a research report on Thursday. TD Securities restated a “hold” rating and issued a $305.00 price target on shares of McDonald’s in a research report on Thursday, June 5th. Finally, TD Cowen raised their price target on McDonald’s from $305.00 to $315.00 and gave the stock a “hold” rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $326.87.

McDonald’s Price Performance

MCD stock opened at $305.62 on Friday. The firm has a market capitalization of $218.09 billion, a P/E ratio of 26.19, a P/E/G ratio of 3.19 and a beta of 0.52. The business’s 50-day moving average is $298.57 and its two-hundred day moving average is $304.49. McDonald’s Corporation has a 1 year low of $265.33 and a 1 year high of $326.32.

McDonald’s (NYSE:MCD) last released its quarterly earnings data 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. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%. The business had revenue of $6.84 billion for the quarter, compared to the consensus estimate of $6.68 billion. During the same quarter in the prior year, the business posted $2.97 EPS. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, analysts expect that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be paid a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Tuesday, September 2nd. McDonald’s’s dividend payout ratio (DPR) is currently 60.67%.

McDonald’s Company 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.