Activest Wealth Management Purchases Shares of 219 McDonald’s Co. (NYSE:MCD)

Activest Wealth Management purchased a new stake in McDonald’s Co. (NYSE:MCDGet Rating) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 219 shares of the fast-food giant’s stock, valued at approximately $54,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Hodges Capital Management Inc. lifted its position in shares of McDonald’s by 31.3% in the first quarter. Hodges Capital Management Inc. now owns 6,302 shares of the fast-food giant’s stock valued at $1,558,000 after acquiring an additional 1,502 shares in the last quarter. Dixon Hughes Goodman Wealth Advisors LLC grew its holdings in McDonald’s by 4.9% in the 1st quarter. Dixon Hughes Goodman Wealth Advisors LLC now owns 993 shares of the fast-food giant’s stock valued at $246,000 after buying an additional 46 shares in the last quarter. Key Financial Inc increased its position in McDonald’s by 3.9% during the first quarter. Key Financial Inc now owns 3,509 shares of the fast-food giant’s stock worth $868,000 after purchasing an additional 131 shares during the last quarter. Compagnie Lombard Odier SCmA raised its stake in McDonald’s by 5.1% during the first quarter. Compagnie Lombard Odier SCmA now owns 52,469 shares of the fast-food giant’s stock worth $12,970,000 after purchasing an additional 2,553 shares during the period. Finally, Journey Strategic Wealth LLC boosted its holdings in McDonald’s by 5.4% in the 1st quarter. Journey Strategic Wealth LLC now owns 1,846 shares of the fast-food giant’s stock valued at $457,000 after purchasing an additional 95 shares during the last quarter. 67.27% of the stock is owned by hedge funds and other institutional investors.

McDonald’s Trading Down 1.3 %

Shares of NYSE:MCD traded down $3.26 during midday trading on Friday, hitting $244.68. The stock had a trading volume of 88,874 shares, compared to its average volume of 2,372,805. The company has a market capitalization of $180.02 billion, a PE ratio of 30.59, a P/E/G ratio of 3.05 and a beta of 0.57. The stock has a 50 day moving average price of $258.22 and a two-hundred day moving average price of $249.50. McDonald’s Co. has a 1 year low of $217.68 and a 1 year high of $271.15.

McDonald’s (NYSE:MCDGet Rating) last issued its earnings results on Tuesday, July 26th. The fast-food giant reported $2.55 earnings per share for the quarter, beating the consensus estimate of $2.47 by $0.08. McDonald’s had a net margin of 25.77% and a negative return on equity of 129.90%. The business had revenue of $5.72 billion for the quarter, compared to the consensus estimate of $5.82 billion. During the same quarter in the previous year, the firm earned $2.37 earnings per share. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. As a group, equities analysts expect that McDonald’s Co. will post 9.83 EPS for the current year.

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Thursday, September 1st were given a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend was Wednesday, August 31st. McDonald’s’s dividend payout ratio is presently 67.98%.

Insider Activity

In related news, SVP Catherine A. Hoovel sold 2,371 shares of the business’s stock in a transaction that occurred on Wednesday, July 27th. The shares were sold at an average price of $255.62, for a total value of $606,075.02. Following the completion of the sale, the senior vice president now directly owns 1,184 shares in the company, valued at $302,654.08. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, SVP Catherine A. Hoovel sold 2,371 shares of the business’s stock in a transaction that occurred on Wednesday, July 27th. The shares were sold at an average price of $255.62, for a total value of $606,075.02. Following the completion of the sale, the senior vice president now directly owns 1,184 shares in the company, valued at $302,654.08. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Ian Frederick Borden sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 27th. The shares were sold at an average price of $255.80, for a total transaction of $2,046,400.00. Following the completion of the sale, the insider now owns 7,131 shares of the company’s stock, valued at $1,824,109.80. The disclosure for this sale can be found here. Insiders sold a total of 20,191 shares of company stock valued at $5,250,365 over the last 90 days. Insiders own 0.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on MCD. Sanford C. Bernstein started coverage on McDonald’s in a research report on Wednesday, September 7th. They issued a “market perform” rating and a $267.00 price objective for the company. Barclays lowered their price objective on shares of McDonald’s from $289.00 to $285.00 and set an “overweight” rating for the company in a research report on Wednesday, July 27th. Tigress Financial increased their target price on shares of McDonald’s from $314.00 to $320.00 and gave the stock a “buy” rating in a report on Tuesday, August 30th. Robert W. Baird set a $285.00 target price on shares of McDonald’s in a report on Tuesday, July 19th. Finally, Royal Bank of Canada increased their target price on shares of McDonald’s from $292.00 to $305.00 and gave the stock an “outperform” rating in a report on Wednesday, July 27th. Seven research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. According to MarketBeat, McDonald’s has a consensus rating of “Moderate Buy” and a consensus price target of $285.39.

McDonald’s Company Profile

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McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer hamburgers and cheeseburgers, chicken sandwiches and nuggets, wraps, fries, salads, oatmeal, shakes, desserts, sundaes, soft serve cones, bakery items, soft drinks, coffee, and beverages and other beverages, as well as breakfast menu, including biscuit and bagel sandwiches, breakfast burritos, hotcakes, and other sandwiches.

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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