Curbstone Financial Management Corp Buys 218 Shares of McDonald’s Corporation $MCD

Curbstone Financial Management Corp boosted its stake in McDonald’s Corporation (NYSE:MCD) by 4.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,344 shares of the fast-food giant’s stock after purchasing an additional 218 shares during the period. Curbstone Financial Management Corp’s holdings in McDonald’s were worth $1,561,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Nova Wealth Management Inc. bought a new position in shares of McDonald’s during the first quarter valued at $26,000. HFM Investment Advisors LLC bought a new position in shares of McDonald’s during the first quarter valued at $26,000. Abound Financial LLC bought a new position in shares of McDonald’s during the first quarter valued at $30,000. GFG Capital LLC bought a new position in shares of McDonald’s during the second quarter valued at $29,000. Finally, Redmont Wealth Advisors LLC bought a new position in shares of McDonald’s during the first quarter valued at $31,000. Institutional investors own 70.29% of the company’s stock.

Insider Activity at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 939 shares of the firm’s stock in a transaction 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 completion of the sale, the insider directly owned 9,283 shares in the company, valued at approximately $2,780,165.67. This trade represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction 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. The trade was a 90.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,402 shares of company stock valued at $1,973,407. Company insiders own 0.25% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Piper Sandler raised their price target on shares of McDonald’s from $314.00 to $325.00 and gave the company a “neutral” rating in a research note on Thursday, August 7th. Wells Fargo & Company dropped their price target on shares of McDonald’s from $350.00 to $340.00 and set an “overweight” rating for the company in a research note on Thursday. Citigroup increased their price objective on shares of McDonald’s from $373.00 to $381.00 and gave the stock a “buy” rating in a research report on Wednesday, September 17th. JPMorgan Chase & Co. increased their price objective on shares of McDonald’s from $305.00 to $310.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. Finally, Barclays increased their price objective on shares of McDonald’s from $355.00 to $360.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. Eleven investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $324.68.

McDonald’s Stock Up 0.9%

MCD opened at $308.02 on Friday. McDonald’s Corporation has a twelve month low of $276.53 and a twelve month high of $326.32. The company has a fifty day moving average of $306.29 and a 200-day moving average of $305.54. The stock has a market cap of $219.80 billion, a PE ratio of 26.39, a price-to-earnings-growth ratio of 3.22 and a beta of 0.50.

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

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders 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 2.3%. The ex-dividend date was Tuesday, September 2nd. McDonald’s’s dividend payout ratio (DPR) is presently 60.67%.

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.