McDonald’s Corporation $MCD Shares Bought by Matthew Goff Investment Advisor LLC

Matthew Goff Investment Advisor LLC raised its position in shares of McDonald’s Corporation (NYSE:MCD) by 116.8% during the 2nd quarter, Holdings Channel reports. The firm owned 1,951 shares of the fast-food giant’s stock after buying an additional 1,051 shares during the quarter. Matthew Goff Investment Advisor LLC’s holdings in McDonald’s were worth $570,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in MCD. Mascagni Wealth Management Inc. acquired a new position in McDonald’s in the 4th quarter worth about $25,000. HFM Investment Advisors LLC acquired a new position in McDonald’s in the 1st quarter worth about $26,000. Nova Wealth Management Inc. acquired a new position in McDonald’s in the 1st quarter worth about $26,000. Pinney & Scofield Inc. acquired a new position in McDonald’s in the 4th quarter worth about $29,000. Finally, Abound Financial LLC acquired a new position in McDonald’s in the 1st quarter worth about $30,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insiders Place Their Bets

In other news, CMO Edith Morgan Flatley sold 1,000 shares of McDonald’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total transaction of $315,000.00. Following the sale, the chief marketing officer owned 6,858 shares in the company, valued at approximately $2,160,270. The trade was a 12.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Joseph M. Erlinger sold 939 shares of McDonald’s stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total value of $281,221.11. Following the sale, the insider owned 9,283 shares in the company, valued at $2,780,165.67. This trade represents a 9.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,341 shares of company stock valued at $2,544,327 in the last three months. Corporate insiders own 0.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on MCD shares. Melius started coverage on McDonald’s in a report on Monday, July 14th. They set a “sell” rating and a $250.00 target price for the company. Bank of America reduced their target price on McDonald’s from $327.00 to $322.00 and set a “neutral” rating for the company in a report on Friday, July 18th. Truist Financial increased their target price on McDonald’s from $356.00 to $360.00 and gave the company a “buy” rating in a report on Thursday, August 7th. Loop Capital cut McDonald’s from a “buy” rating to a “hold” rating and reduced their target price for the company from $346.00 to $315.00 in a report on Friday, June 6th. Finally, The Goldman Sachs Group raised McDonald’s from a “neutral” rating to a “buy” rating and set a $345.00 target price for the company in a report on Thursday, July 10th. Eleven analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, McDonald’s has an average rating of “Hold” and an average price target of $325.86.

McDonald’s Stock Down 1.2%

MCD opened at $301.19 on Friday. McDonald’s Corporation has a 52 week low of $276.53 and a 52 week high of $326.32. The business has a fifty day simple moving average of $306.01 and a 200-day simple moving average of $306.47. The firm has a market cap of $214.93 billion, a P/E ratio of 25.81, a P/E/G ratio of 3.11 and a beta of 0.50.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.04. The business had revenue of $6.84 billion for 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 company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period last year, the firm earned $2.97 earnings per share. Sell-side analysts expect that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were paid a $1.77 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.4%. McDonald’s’s dividend payout ratio (DPR) is currently 60.67%.

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.