Optimum Investment Advisors Has $1.02 Million Stake in McDonald’s Corporation $MCD

Optimum Investment Advisors decreased its position in McDonald’s Corporation (NYSE:MCD) by 5.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 3,473 shares of the fast-food giant’s stock after selling 212 shares during the period. Optimum Investment Advisors’ holdings in McDonald’s were worth $1,015,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MCD. TD Cowen boosted their price target on McDonald’s from $305.00 to $315.00 and gave the company a “hold” rating in a research note on Wednesday, August 6th. BMO Capital Markets boosted their price target on McDonald’s from $350.00 to $360.00 and gave the company an “outperform” rating in a research note on Thursday, September 4th. Weiss Ratings reiterated a “buy (b)” rating on shares of McDonald’s in a research note on Wednesday, October 8th. Guggenheim cut their price target on McDonald’s from $310.00 to $295.00 and set a “neutral” rating for the company in a research note on Friday, October 10th. Finally, JPMorgan Chase & Co. boosted their price target on McDonald’s from $305.00 to $310.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. Eleven analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $324.50.

McDonald’s Price Performance

NYSE MCD opened at $306.05 on Friday. The business has a fifty day moving average price of $306.49 and a two-hundred day moving average price of $305.65. McDonald’s Corporation has a fifty-two week low of $276.53 and a fifty-two week high of $326.32. The stock has a market capitalization of $218.39 billion, a PE ratio of 26.23, a PEG ratio of 3.23 and a beta of 0.50.

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 negative return on equity of 225.52% and a net margin of 32.21%.The firm had revenue of $6.84 billion during the quarter, compared to analysts’ expectations of $6.68 billion. During the same period in the prior year, the company earned $2.97 earnings per share. The company’s quarterly revenue was up 5.4% on a year-over-year basis. As a group, sell-side analysts expect that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a dividend of $1.86 per share. The ex-dividend date is Monday, December 1st. This is a boost from McDonald’s’s previous quarterly dividend of $1.77. This represents a $7.44 annualized dividend and a yield of 2.4%. McDonald’s’s dividend payout ratio is currently 60.67%.

Insiders Place Their Bets

In other news, EVP Desiree Ralls-Morrison sold 2,487 shares of the company’s stock in a transaction 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 transaction, the executive vice president directly owned 8,754 shares in the company, valued at approximately $2,713,740. This represents a 22.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jonathan Banner sold 1,000 shares of the company’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 transaction, the executive vice president owned 99 shares of the company’s stock, valued at $30,690. This trade represents a 90.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,463 shares of company stock worth $1,692,186 over the last three months. Insiders own 0.25% of the company’s stock.

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.