ORG Wealth Partners LLC Buys 109 Shares of McDonald’s Corporation $MCD

ORG Wealth Partners LLC grew its stake in McDonald’s Corporation (NYSE:MCD) by 3.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,031 shares of the fast-food giant’s stock after purchasing an additional 109 shares during the period. ORG Wealth Partners LLC’s holdings in McDonald’s were worth $902,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. First American Trust FSB raised its holdings in shares of McDonald’s by 55.9% in the first quarter. First American Trust FSB now owns 36,917 shares of the fast-food giant’s stock worth $11,532,000 after buying an additional 13,234 shares during the period. Banque Transatlantique SA raised its holdings in shares of McDonald’s by 58.0% in the first quarter. Banque Transatlantique SA now owns 248,826 shares of the fast-food giant’s stock worth $71,829,000 after buying an additional 91,313 shares during the period. Hamilton Capital LLC raised its holdings in shares of McDonald’s by 35.2% in the first quarter. Hamilton Capital LLC now owns 3,145 shares of the fast-food giant’s stock worth $982,000 after buying an additional 819 shares during the period. Red Door Wealth Management LLC raised its holdings in shares of McDonald’s by 1.9% in the first quarter. Red Door Wealth Management LLC now owns 5,724 shares of the fast-food giant’s stock worth $1,788,000 after buying an additional 109 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in McDonald’s by 5.6% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 345,319 shares of the fast-food giant’s stock worth $107,867,000 after purchasing an additional 18,393 shares during the period. 70.29% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Jonathan Banner sold 1,000 shares of the firm’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total value of $310,000.00. Following the completion of the sale, the executive vice president owned 99 shares of the company’s stock, valued at $30,690. This trade represents a 90.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Edith Morgan Flatley sold 1,000 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total value of $315,000.00. Following the completion of the sale, the chief marketing officer directly owned 6,858 shares of the company’s stock, valued at $2,160,270. The trade was a 12.73% decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,402 shares of company stock worth $2,273,407 over the last quarter. Company insiders own 0.25% of the company’s stock.

McDonald’s Price Performance

McDonald’s stock opened at $305.10 on Friday. The stock has a market capitalization of $217.72 billion, a price-to-earnings ratio of 26.14, a PEG ratio of 3.08 and a beta of 0.50. McDonald’s Corporation has a 1-year low of $276.53 and a 1-year high of $326.32. The business has a fifty day moving average price of $306.48 and a 200-day moving average price of $306.14.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, topping 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 quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.97 EPS. On average, equities research analysts anticipate that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

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

Analysts Set New Price Targets

MCD has been the topic of several research reports. The Goldman Sachs Group upgraded McDonald’s from a “neutral” rating to a “buy” rating and set a $345.00 price objective on the stock in a report on Thursday, July 10th. Stifel Nicolaus raised their price objective on McDonald’s from $300.00 to $315.00 and gave the stock a “hold” rating in a report on Friday, August 22nd. Guggenheim restated a “neutral” rating on shares of McDonald’s in a report on Friday, August 8th. TD Securities restated a “hold” rating and set a $305.00 price objective on shares of McDonald’s in a report on Thursday, June 5th. Finally, Barclays raised their price objective on McDonald’s from $355.00 to $360.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. Eleven investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus 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.