Cora Capital Advisors LLC Purchases 54 Shares of McDonald’s Corporation $MCD

Cora Capital Advisors LLC lifted its position in McDonald’s Corporation (NYSE:MCD) by 5.6% in the second quarter, Holdings Channel.com reports. The firm owned 1,024 shares of the fast-food giant’s stock after purchasing an additional 54 shares during the quarter. Cora Capital Advisors LLC’s holdings in McDonald’s were worth $299,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Mascagni Wealth Management Inc. purchased a new stake in shares of McDonald’s in the 4th quarter valued at $25,000. HFM Investment Advisors LLC purchased a new stake in McDonald’s during the first quarter valued at about $26,000. Nova Wealth Management Inc. bought a new position in shares of McDonald’s during the first quarter valued at about $26,000. Abound Financial LLC bought a new stake in shares of McDonald’s in the 1st quarter valued at about $30,000. Finally, Copia Wealth Management purchased a new stake in McDonald’s during the 4th quarter valued at about $31,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other McDonald’s news, insider Joseph M. Erlinger sold 939 shares of McDonald’s stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total value of $281,221.11. Following the completion of the sale, the insider owned 9,283 shares of the company’s stock, valued at approximately $2,780,165.67. This trade represents a 9.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of the business’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total value of $770,970.00. Following the completion of the transaction, the executive vice president owned 8,754 shares of the company’s stock, valued at $2,713,740. This represents a 22.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,402 shares of company stock valued at $2,273,407 in the last quarter. Insiders own 0.25% of the company’s stock.

McDonald’s Price Performance

MCD opened at $304.34 on Thursday. The firm has a market cap of $217.18 billion, a PE ratio of 26.08, a P/E/G ratio of 3.09 and a beta of 0.50. The stock has a 50-day moving average price of $306.27 and a 200-day moving average price of $306.25. 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 data on Wednesday, August 6th. The fast-food giant reported $3.19 EPS for the quarter, beating the consensus estimate of $3.15 by $0.04. The company had revenue of $6.84 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.97 EPS. As a group, sell-side analysts anticipate that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were given a dividend of $1.77 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.3%. McDonald’s’s dividend payout ratio (DPR) is 60.67%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MCD. Argus lowered McDonald’s from a “buy” rating to a “hold” rating in a research note on Friday, June 13th. TD Securities reaffirmed a “hold” rating and set a $305.00 price target on shares of McDonald’s in a research report on Thursday, June 5th. Piper Sandler upped their target price on McDonald’s from $314.00 to $325.00 and gave the company a “neutral” rating in a report on Thursday, August 7th. TD Cowen upped their price objective on shares of McDonald’s from $305.00 to $315.00 and gave the stock a “hold” rating in a report on Wednesday, August 6th. Finally, Guggenheim reaffirmed a “neutral” rating on shares of McDonald’s in a research note on Friday, August 8th. Eleven analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have issued 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.

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.