Windle Wealth LLC boosted its holdings in McDonald’s Corporation (NYSE:MCD – Free Report) by 0.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,775 shares of the fast-food giant’s stock after acquiring an additional 238 shares during the period. McDonald’s accounts for about 3.7% of Windle Wealth LLC’s portfolio, making the stock its 16th largest holding. Windle Wealth LLC’s holdings in McDonald’s were worth $7,531,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the company. Maryland State Retirement & Pension System lifted its stake in McDonald’s by 3.1% during the second quarter. Maryland State Retirement & Pension System now owns 34,745 shares of the fast-food giant’s stock worth $10,151,000 after purchasing an additional 1,049 shares in the last quarter. First Merchants Corp lifted its stake in McDonald’s by 7.7% during the second quarter. First Merchants Corp now owns 24,097 shares of the fast-food giant’s stock worth $7,040,000 after purchasing an additional 1,728 shares in the last quarter. Clear Creek Financial Management LLC lifted its stake in McDonald’s by 12.6% during the second quarter. Clear Creek Financial Management LLC now owns 2,465 shares of the fast-food giant’s stock worth $720,000 after purchasing an additional 275 shares in the last quarter. Ignite Planners LLC lifted its stake in McDonald’s by 17.2% during the second quarter. Ignite Planners LLC now owns 3,053 shares of the fast-food giant’s stock worth $907,000 after purchasing an additional 448 shares in the last quarter. Finally, Dohj LLC acquired a new position in McDonald’s during the second quarter worth $233,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
MCD has been the topic of a number of research reports. Guggenheim restated a “neutral” rating on shares of McDonald’s in a research note on Friday, August 8th. Truist Financial upped their price target on McDonald’s from $356.00 to $360.00 and gave the stock a “buy” rating in a research note on Thursday, August 7th. BMO Capital Markets upped their price target on McDonald’s from $350.00 to $360.00 and gave the stock an “outperform” rating in a research note on Thursday, September 4th. JPMorgan Chase & Co. upped their price objective on McDonald’s from $305.00 to $310.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. Finally, KeyCorp reaffirmed an “overweight” rating and set a $335.00 price objective (up previously from $325.00) on shares of McDonald’s in a research report on Thursday, August 7th. Eleven investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, McDonald’s presently has a consensus rating of “Hold” and a consensus price target of $324.73.
Insider Transactions at McDonald’s
In related news, EVP Desiree Ralls-Morrison sold 2,487 shares of the firm’s 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 transaction, the executive vice president owned 8,754 shares in the company, valued at $2,713,740. This trade represents a 22.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Jonathan Banner sold 1,000 shares of McDonald’s stock in a transaction that occurred 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 transaction, the executive vice president directly owned 99 shares in the company, valued at approximately $30,690. This trade represents a 90.99% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,402 shares of company stock worth $1,973,407. 0.25% of the stock is owned by company insiders.
McDonald’s Price Performance
NYSE:MCD opened at $294.44 on Thursday. The firm has a market capitalization of $210.11 billion, a PE ratio of 25.23, a price-to-earnings-growth ratio of 3.02 and a beta of 0.50. The business’s fifty day moving average price is $306.56 and its 200 day moving average price is $305.94. McDonald’s Corporation has a 12 month low of $276.53 and a 12 month high of $326.32.
McDonald’s (NYSE:MCD – Get Free Report) last posted its earnings results 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 firm had revenue of $6.84 billion for the quarter, compared to analyst estimates of $6.68 billion. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.McDonald’s’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.97 earnings per share. As a group, equities analysts anticipate that McDonald’s Corporation will post 12.25 EPS for the current year.
McDonald’s Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were issued a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Tuesday, September 2nd. McDonald’s’s dividend payout ratio is 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.
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