Cwm LLC Acquires 6,280 Shares of McDonald’s Corporation $MCD

Cwm LLC raised its position in shares of McDonald’s Corporation (NYSE:MCD) by 6.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 97,131 shares of the fast-food giant’s stock after acquiring an additional 6,280 shares during the quarter. Cwm LLC’s holdings in McDonald’s were worth $28,379,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. HFM Investment Advisors LLC bought a new stake in McDonald’s during the 1st quarter valued at approximately $26,000. Nova Wealth Management Inc. bought a new stake in McDonald’s during the 1st quarter valued at approximately $26,000. GFG Capital LLC bought a new stake in McDonald’s during the 2nd quarter valued at approximately $29,000. Abound Financial LLC bought a new stake in McDonald’s during the 1st quarter valued at approximately $30,000. Finally, Redmont Wealth Advisors LLC bought a new stake in McDonald’s during the 1st quarter valued at approximately $31,000. 70.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on MCD shares. JPMorgan Chase & Co. lifted their price objective on McDonald’s from $305.00 to $310.00 and gave the company an “overweight” rating in a research report on Thursday, August 7th. Royal Bank Of Canada began coverage on McDonald’s in a research report on Wednesday. They set a “sector perform” rating and a $320.00 price objective on the stock. Guggenheim lowered their target price on shares of McDonald’s from $310.00 to $295.00 and set a “neutral” rating for the company in a report on Friday. Truist Financial lifted their target price on shares of McDonald’s from $356.00 to $360.00 and gave the company a “buy” rating in a report on Thursday, August 7th. Finally, Barclays lifted their target price on shares of McDonald’s from $355.00 to $360.00 and gave the company an “overweight” rating in a report on Thursday, August 7th. Eleven research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, McDonald’s has a consensus rating of “Hold” and an average target price of $325.18.

McDonald’s Stock Up 1.1%

Shares of NYSE MCD opened at $297.07 on Monday. McDonald’s Corporation has a twelve month low of $276.53 and a twelve month high of $326.32. The firm has a market cap of $211.99 billion, a P/E ratio of 25.46, a PEG ratio of 3.12 and a beta of 0.50. The company has a 50 day moving average of $306.31 and a 200 day moving average of $305.69.

McDonald’s (NYSE:MCD) last announced 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. 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 during the quarter, compared to analyst estimates of $6.68 billion. During the same period in the previous year, the business earned $2.97 EPS. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. As a group, equities analysts expect that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Tuesday, September 2nd. McDonald’s’s payout ratio is presently 60.67%.

Insider Activity

In related news, EVP Desiree Ralls-Morrison sold 2,487 shares of the business’s stock in a transaction that occurred on Wednesday, August 6th. The shares were 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 directly owned 8,754 shares in the company, valued at $2,713,740. The trade was a 22.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of the business’s stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total transaction of $281,221.11. Following the completion of the transaction, the insider owned 9,283 shares of the company’s stock, valued at approximately $2,780,165.67. The trade was a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,402 shares of company stock valued at $1,973,407 in the last quarter. Insiders own 0.25% of the company’s stock.

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.