GM Advisory Group LLC Purchases 138 Shares of McDonald’s Corporation $MCD

GM Advisory Group LLC boosted its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 5.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,524 shares of the fast-food giant’s stock after acquiring an additional 138 shares during the period. GM Advisory Group LLC’s holdings in McDonald’s were worth $788,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. Mascagni Wealth Management Inc. bought a new position in McDonald’s in the fourth quarter worth about $25,000. Abound Financial LLC purchased a new position in shares of McDonald’s in the first quarter worth $30,000. Pinney & Scofield Inc. acquired a new stake in McDonald’s during the 4th quarter worth about $29,000. Redmont Wealth Advisors LLC acquired a new stake in shares of McDonald’s during the first quarter worth about $31,000. Finally, Financial Gravity Asset Management Inc. acquired a new stake in McDonald’s during the 1st quarter valued at approximately $31,000. Institutional investors own 70.29% of the company’s stock.

Insider Activity at McDonald’s

In other McDonald’s news, EVP Jonathan Banner sold 1,000 shares of McDonald’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total transaction of $310,000.00. Following the completion of the sale, the executive vice president directly owned 99 shares in the company, valued at $30,690. This trade represents a 90.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of the business’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 transaction of $281,221.11. Following the completion of the sale, the insider directly 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. In the last three months, insiders sold 8,280 shares of company stock worth $2,525,178. 0.25% of the stock is owned by corporate insiders.

McDonald’s Stock Performance

MCD opened at $313.13 on Thursday. The stock has a market capitalization of $223.45 billion, a PE ratio of 26.83, a P/E/G ratio of 3.17 and a beta of 0.52. McDonald’s Corporation has a one year low of $276.53 and a one year high of $326.32. The business’s 50 day moving average price is $298.57 and its 200 day moving average price is $305.40.

McDonald’s (NYSE:MCD) last posted its earnings results 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 company had revenue of $6.84 billion for the quarter, compared to the consensus estimate of $6.68 billion. During the same quarter in the previous year, the business earned $2.97 earnings per share. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. As a group, equities research analysts forecast that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on MCD shares. Argus cut McDonald’s from a “buy” rating to a “hold” rating in a report on Friday, June 13th. BMO Capital Markets reaffirmed an “outperform” rating and set a $350.00 price objective (up from $345.00) on shares of McDonald’s in a report on Thursday, August 7th. Citigroup lifted their price target on McDonald’s from $364.00 to $365.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. TD Securities restated a “hold” rating and set a $305.00 price target on shares of McDonald’s in a research report on Thursday, June 5th. Finally, Bank of America reduced their price objective on McDonald’s from $327.00 to $322.00 and set a “neutral” rating on the stock in a research report on Friday, July 18th. Thirteen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $326.87.

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.