McDonald’s Corporation $MCD Shares Bought by Investment Research & Advisory Group Inc.

Investment Research & Advisory Group Inc. lifted its position in shares of McDonald’s Corporation (NYSE:MCD) by 316.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 599 shares of the fast-food giant’s stock after acquiring an additional 455 shares during the period. Investment Research & Advisory Group Inc.’s holdings in McDonald’s were worth $175,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. WealthPlan Investment Management LLC grew its holdings in McDonald’s by 0.9% in the 1st quarter. WealthPlan Investment Management LLC now owns 3,630 shares of the fast-food giant’s stock worth $1,134,000 after buying an additional 32 shares in the last quarter. Granite Bay Wealth Management LLC boosted its position in McDonald’s by 3.5% during the 1st quarter. Granite Bay Wealth Management LLC now owns 988 shares of the fast-food giant’s stock worth $309,000 after acquiring an additional 33 shares during the period. CVA Family Office LLC increased its holdings in shares of McDonald’s by 1.9% during the first quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant’s stock valued at $560,000 after purchasing an additional 33 shares during the period. Consilium Wealth Advisory LLC raised its stake in shares of McDonald’s by 2.5% during the first quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant’s stock valued at $417,000 after purchasing an additional 33 shares in the last quarter. Finally, Security Financial Services INC. lifted its holdings in McDonald’s by 0.7% in the first quarter. Security Financial Services INC. now owns 5,043 shares of the fast-food giant’s stock worth $1,575,000 after purchasing an additional 33 shares during the period. 70.29% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other McDonald’s news, CMO Edith Morgan Flatley sold 1,000 shares of McDonald’s stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $300.00, for a total transaction of $300,000.00. Following the transaction, the chief marketing officer owned 8,858 shares of the company’s stock, valued at $2,657,400. The trade was a 10.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of the stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total transaction of $770,970.00. Following the completion of the sale, the executive vice president directly owned 8,754 shares of the company’s stock, valued at $2,713,740. This trade represents a 22.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,402 shares of company stock worth $2,273,407. 0.25% of the stock is owned by corporate insiders.

McDonald’s Stock Up 0.9%

NYSE:MCD opened at $305.10 on Monday. The stock has a fifty day simple moving average of $306.48 and a 200 day simple moving average of $306.25. The firm has a market capitalization of $217.72 billion, a price-to-earnings ratio of 26.14, a price-to-earnings-growth ratio of 3.11 and a beta of 0.49. McDonald’s Corporation has a 1-year low of $276.53 and a 1-year high of $326.32.

McDonald’s (NYSE:MCD) last released its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.04. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. The business had revenue of $6.84 billion for the quarter, compared to the consensus estimate of $6.68 billion. During the same period last year, the firm posted $2.97 earnings per share. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. Equities analysts predict that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Announces Dividend

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

Analysts Set New Price Targets

A number of research firms have commented on MCD. 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. Argus cut McDonald’s from a “buy” rating to a “hold” rating in a report on Friday, June 13th. Guggenheim reaffirmed a “neutral” rating on shares of McDonald’s in a research note on Friday, August 8th. Citigroup lifted their price target on McDonald’s from $373.00 to $381.00 and gave the company a “buy” rating in a research report on Wednesday, September 17th. Finally, The Goldman Sachs Group upgraded McDonald’s from a “neutral” rating to a “buy” rating and set a $345.00 price objective for the company in a report on Thursday, July 10th. Eleven research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $325.86.

McDonald’s 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.