Ransom Advisory Ltd Buys Shares of 11,154 McDonald’s Corporation $MCD

Ransom Advisory Ltd purchased a new position in shares of McDonald’s Corporation (NYSE:MCD) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,154 shares of the fast-food giant’s stock, valued at approximately $3,484,000. McDonald’s makes up about 1.7% of Ransom Advisory Ltd’s portfolio, making the stock its 11th biggest holding.

Several other large investors have also recently made changes to their positions in the business. Brighton Jones LLC increased its stake in shares of McDonald’s by 21.6% in the fourth quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant’s stock worth $2,692,000 after buying an additional 1,649 shares during the period. Revolve Wealth Partners LLC increased its stake in shares of McDonald’s by 2.8% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant’s stock worth $563,000 after buying an additional 52 shares during the period. Bank Pictet & Cie Europe AG increased its stake in shares of McDonald’s by 15.3% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 209,464 shares of the fast-food giant’s stock worth $60,722,000 after buying an additional 27,774 shares during the period. GHE LLC increased its stake in shares of McDonald’s by 0.9% in the fourth quarter. GHE LLC now owns 14,677 shares of the fast-food giant’s stock worth $4,255,000 after buying an additional 136 shares during the period. Finally, Triumph Capital Management bought a new stake in McDonald’s in the fourth quarter valued at $331,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Jonathan Banner sold 1,000 shares of the company’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total value of $310,000.00. Following the transaction, the executive vice president owned 99 shares in the company, valued at $30,690. The trade was a 90.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of the company’s stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total transaction of $281,221.11. Following the completion of the transaction, the insider owned 9,283 shares in the company, valued at approximately $2,780,165.67. The trade was a 9.19% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,341 shares of company stock worth $2,544,327. 0.25% of the stock is currently owned by company insiders.

McDonald’s Price Performance

Shares of McDonald’s stock opened at $312.63 on Wednesday. The stock has a market cap of $223.09 billion, a price-to-earnings ratio of 26.79, a PEG ratio of 3.19 and a beta of 0.49. The firm’s 50-day moving average is $304.57 and its 200 day moving average is $306.61. McDonald’s Corporation has a 1 year low of $276.53 and a 1 year high of $326.32.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share (EPS) 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 analysts’ expectations of $6.68 billion. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. McDonald’s’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.97 EPS. On average, equities analysts expect that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Announces Dividend

The company also recently declared 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. The ex-dividend date is Tuesday, September 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.3%. McDonald’s’s payout ratio is presently 60.67%.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Guggenheim reiterated a “neutral” rating on shares of McDonald’s in a report on Friday, August 8th. TD Cowen lifted their price target on shares of McDonald’s from $305.00 to $315.00 and gave the company a “hold” rating in a report on Wednesday, August 6th. Truist Financial boosted their target price on shares of McDonald’s from $356.00 to $360.00 and gave the company a “buy” rating in a report on Thursday, August 7th. Barclays boosted their target price on shares of McDonald’s from $355.00 to $360.00 and gave the company an “overweight” rating in a report on Thursday, August 7th. Finally, Piper Sandler boosted their target price on shares of McDonald’s from $314.00 to $325.00 and gave the company a “neutral” rating in a report on Thursday, August 7th. Eleven investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $325.14.

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.