Beacon Financial Advisory LLC Increases Position in McDonald’s Corporation $MCD

Beacon Financial Advisory LLC grew its holdings in McDonald’s Corporation (NYSE:MCD) by 2.4% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 7,230 shares of the fast-food giant’s stock after buying an additional 169 shares during the period. Beacon Financial Advisory LLC’s holdings in McDonald’s were worth $2,112,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nova Wealth Management Inc. purchased a new stake in shares of McDonald’s in the first quarter valued at about $26,000. HFM Investment Advisors LLC purchased a new position in McDonald’s during the first quarter worth about $26,000. Abound Financial LLC purchased a new position in McDonald’s during the first quarter worth about $30,000. Redmont Wealth Advisors LLC purchased a new position in McDonald’s during the first quarter worth about $31,000. Finally, Financial Gravity Asset Management Inc. purchased a new position in McDonald’s during the first quarter worth about $31,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on MCD. Redburn Atlantic reissued a “sell” rating and set a $260.00 price target (down from $319.00) on shares of McDonald’s in a report on Tuesday, June 10th. Evercore ISI increased their price target on shares of McDonald’s from $350.00 to $360.00 and gave the stock an “outperform” rating in a report on Friday, August 8th. Piper Sandler increased their price target on shares of McDonald’s from $314.00 to $325.00 and gave the stock a “neutral” rating in a report on Thursday, August 7th. BMO Capital Markets increased their price target on shares of McDonald’s from $350.00 to $360.00 and gave the stock an “outperform” rating in a report on Thursday, September 4th. Finally, Argus cut shares of McDonald’s from a “buy” rating to a “hold” rating in a report on Friday, June 13th. Twelve research 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. Based on data from MarketBeat.com, McDonald’s presently has a consensus rating of “Hold” and an average target price of $325.86.

Insider Buying and Selling at McDonald’s

In other news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total value of $281,221.11. Following the sale, the insider directly owned 9,283 shares in the company, valued at $2,780,165.67. This represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of the stock in a transaction that occurred on Wednesday, August 6th. The shares were 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 owned 8,754 shares in the company, valued at $2,713,740. This represents a 22.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,402 shares of company stock valued at $2,273,407 over the last three months. Company insiders own 0.25% of the company’s stock.

McDonald’s Trading Up 0.3%

Shares of MCD opened at $300.72 on Friday. The firm’s 50-day moving average is $306.93 and its two-hundred day moving average is $306.16. McDonald’s Corporation has a twelve month low of $276.53 and a twelve month high of $326.32. The firm has a market capitalization of $214.59 billion, a P/E ratio of 25.77, a PEG ratio of 3.07 and a beta of 0.50.

McDonald’s (NYSE:MCD) last issued 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 company had revenue of $6.84 billion for the quarter, compared to analyst estimates of $6.68 billion. During the same period in the prior year, the business posted $2.97 earnings per share. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. Analysts predict that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Announces Dividend

The firm also recently declared 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 was Tuesday, September 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.4%. McDonald’s’s dividend payout ratio 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.