GSG Advisors LLC Takes Position in McDonald’s Corporation $MCD

GSG Advisors LLC acquired a new position in shares of McDonald’s Corporation (NYSE:MCD) in the 1st quarter, HoldingsChannel reports. The fund acquired 676 shares of the fast-food giant’s stock, valued at approximately $205,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mascagni Wealth Management Inc. purchased a new position in McDonald’s in the 4th quarter worth approximately $25,000. Pinney & Scofield Inc. acquired a new position in shares of McDonald’s in the fourth quarter worth about $29,000. Abound Financial LLC purchased a new position in McDonald’s in the first quarter valued at about $30,000. Copia Wealth Management acquired a new stake in shares of McDonald’s during the fourth quarter worth approximately $31,000. Finally, Redmont Wealth Advisors LLC bought a new stake in shares of McDonald’s in the 1st quarter worth about $31,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analysts Set New Price Targets

MCD has been the subject of a number of research reports. KeyCorp reiterated an “overweight” rating and issued a $335.00 price target (up from $325.00) on shares of McDonald’s in a research note on Thursday, August 7th. Citigroup lifted their price target on shares of McDonald’s from $364.00 to $365.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. Argus cut McDonald’s from a “buy” rating to a “hold” rating in a research note on Friday, June 13th. Morgan Stanley upped their price target 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, July 14th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $350.00 price target (up previously from $345.00) on shares of McDonald’s in a report on Thursday, August 7th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $326.87.

Insider Activity at McDonald’s

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 of the company’s stock, valued at $2,657,400. The trade was a 10.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of the 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 sale, the insider directly owned 9,283 shares of the company’s stock, valued at $2,780,165.67. This represents a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,280 shares of company stock valued at $2,215,178. Corporate insiders own 0.25% of the company’s stock.

McDonald’s Trading Down 0.1%

MCD stock opened at $308.76 on Monday. The firm has a 50-day moving average of $298.06 and a two-hundred day moving average of $305.17. The firm has a market capitalization of $220.33 billion, a PE ratio of 26.46, a P/E/G ratio of 3.15 and a beta of 0.52. McDonald’s Corporation has a one year low of $274.70 and a one 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.15 by $0.04. The firm had revenue of $6.84 billion during the quarter, compared to analysts’ expectations of $6.68 billion. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.97 earnings per share. On average, equities research analysts anticipate that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Dividend Announcement

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

About McDonald’s

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.