Frederick Financial Consultants LLC Acquires New Shares in McDonald’s Corporation (NYSE:MCD)

Frederick Financial Consultants LLC acquired a new stake in McDonald’s Corporation (NYSE:MCD) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 780 shares of the fast-food giant’s stock, valued at approximately $244,000.

Other large investors also recently modified their holdings of the company. Mascagni Wealth Management Inc. bought a new stake in shares of McDonald’s in the fourth quarter worth about $25,000. Abound Financial LLC bought a new stake in shares of McDonald’s in the first quarter worth about $30,000. Pinney & Scofield Inc. bought a new stake in shares of McDonald’s in the fourth quarter worth about $29,000. Redmont Wealth Advisors LLC bought a new stake in shares of McDonald’s in the first quarter worth about $31,000. Finally, Financial Gravity Asset Management Inc. bought a new stake in shares of McDonald’s in the first quarter worth about $31,000. 70.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MCD. Piper Sandler increased their price target on McDonald’s from $292.00 to $314.00 and gave the stock a “neutral” rating in a report on Friday, May 2nd. Redburn Atlantic reissued a “sell” rating and issued a $260.00 price objective (down previously from $319.00) on shares of McDonald’s in a research report on Tuesday, June 10th. Morgan Stanley boosted their price objective on shares of McDonald’s from $324.00 to $326.00 and gave the stock an “equal weight” rating in a research report on Monday. BTIG Research reissued a “neutral” rating on shares of McDonald’s in a research report on Tuesday, April 22nd. Finally, Citigroup boosted their price objective on shares of McDonald’s from $364.00 to $365.00 and gave the stock a “buy” rating in a research report on Wednesday, July 9th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $319.48.

Insider Buying and Selling at McDonald’s

In other news, CMO Edith Morgan Flatley sold 1,000 shares of McDonald’s stock in a transaction 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 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 is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of McDonald’s stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $288.52, for a total value of $270,920.28. Following the completion of the transaction, the insider owned 10,222 shares in the company, valued at approximately $2,949,251.44. The trade was a 8.41% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,817 shares of company stock worth $1,165,843. Corporate insiders own 0.25% of the company’s stock.

McDonald’s Price Performance

Shares of NYSE MCD opened at $298.71 on Thursday. The stock has a market capitalization of $213.59 billion, a PE ratio of 26.36, a P/E/G ratio of 3.12 and a beta of 0.53. The business has a fifty day moving average price of $303.10 and a two-hundred day moving average price of $302.60. McDonald’s Corporation has a fifty-two week low of $246.12 and a fifty-two week high of $326.32.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.67. McDonald’s had a negative return on equity of 195.27% and a net margin of 31.75%. The company had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.17 billion. During the same quarter last year, the company posted $2.70 EPS. The company’s revenue for the quarter was down 3.5% compared to the same quarter last year. On average, equities analysts expect that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a $1.77 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.37%. McDonald’s’s payout ratio is 62.49%.

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.