Zhang Financial LLC Has $966,000 Position in McDonald’s Corporation $MCD

Zhang Financial LLC boosted its holdings in McDonald’s Corporation (NYSE:MCD) by 11.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,307 shares of the fast-food giant’s stock after purchasing an additional 341 shares during the quarter. Zhang Financial LLC’s holdings in McDonald’s were worth $966,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. WealthPlan Investment Management LLC grew its position in McDonald’s by 0.9% in the 1st quarter. WealthPlan Investment Management LLC now owns 3,630 shares of the fast-food giant’s stock valued at $1,134,000 after purchasing an additional 32 shares during the period. Security Financial Services INC. boosted its holdings in McDonald’s by 0.7% during the 1st quarter. Security Financial Services INC. now owns 5,043 shares of the fast-food giant’s stock worth $1,575,000 after acquiring an additional 33 shares during the last quarter. Ascent Wealth Partners LLC boosted its holdings in McDonald’s by 0.3% during the 1st quarter. Ascent Wealth Partners LLC now owns 11,588 shares of the fast-food giant’s stock worth $3,620,000 after acquiring an additional 34 shares during the last quarter. Platform Technology Partners boosted its holdings in McDonald’s by 0.4% during the 1st quarter. Platform Technology Partners now owns 8,617 shares of the fast-food giant’s stock worth $2,692,000 after acquiring an additional 35 shares during the last quarter. Finally, Alexander Labrunerie & CO. Inc. boosted its holdings in McDonald’s by 3.4% during the 1st quarter. Alexander Labrunerie & CO. Inc. now owns 1,070 shares of the fast-food giant’s stock worth $334,000 after acquiring an additional 35 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Activity at McDonald’s

In related news, CMO Edith Morgan Flatley sold 1,000 shares of the business’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 directly owned 6,858 shares in the company, valued at approximately $2,160,270. The trade was a 12.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of the business’s stock in a transaction dated 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 sale, the executive vice president owned 8,754 shares in the company, valued at $2,713,740. This represents a 22.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 5,463 shares of company stock worth $1,692,186. Company insiders own 0.25% of the company’s stock.

Analyst Upgrades and Downgrades

MCD has been the topic of a number of analyst reports. Guggenheim cut their price objective on shares of McDonald’s from $310.00 to $295.00 and set a “neutral” rating on the stock in a report on Friday, October 10th. BMO Capital Markets lifted their price objective on shares of McDonald’s from $350.00 to $360.00 and gave the stock an “outperform” rating in a report on Thursday, September 4th. Mizuho initiated coverage on shares of McDonald’s in a report on Monday. They set a “neutral” rating and a $300.00 price objective on the stock. Melius initiated 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, Piper Sandler reaffirmed a “neutral” rating and set a $325.00 price objective on shares of McDonald’s in a report on Wednesday, October 22nd. 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. According to data from MarketBeat, McDonald’s has a consensus rating of “Hold” and an average target price of $323.43.

McDonald’s Stock Performance

Shares of NYSE:MCD opened at $306.79 on Wednesday. The company’s 50-day moving average is $306.44 and its 200 day moving average is $305.71. The company has a market capitalization of $218.93 billion, a P/E ratio of 26.29, a price-to-earnings-growth ratio of 3.31 and a beta of 0.50. McDonald’s Corporation has a fifty-two week low of $276.53 and a fifty-two week high of $326.32.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results 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 company had revenue of $6.84 billion for the quarter, compared to the consensus estimate of $6.68 billion. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.97 EPS. As a group, research analysts predict that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid a $1.86 dividend. The ex-dividend date is Monday, December 1st. This represents a $7.44 dividend on an annualized basis and a yield of 2.4%. This is an increase from McDonald’s’s previous quarterly dividend of $1.77. McDonald’s’s dividend payout ratio (DPR) is presently 60.67%.

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.