GPM Growth Investors Inc. Purchases 118 Shares of McDonald’s Corporation $MCD

GPM Growth Investors Inc. grew its position in shares of McDonald’s Corporation (NYSE:MCD) by 0.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,258 shares of the fast-food giant’s stock after acquiring an additional 118 shares during the period. McDonald’s comprises 2.4% of GPM Growth Investors Inc.’s portfolio, making the stock its 17th largest position. GPM Growth Investors Inc.’s holdings in McDonald’s were worth $5,919,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in MCD. Brighton Jones LLC increased its stake in McDonald’s by 21.6% during the 4th quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant’s stock valued at $2,692,000 after purchasing an additional 1,649 shares in the last quarter. Revolve Wealth Partners LLC increased its position in shares of McDonald’s by 2.8% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant’s stock valued at $563,000 after acquiring an additional 52 shares in the last quarter. Quotient Wealth Partners LLC increased its position in shares of McDonald’s by 10.9% during the first quarter. Quotient Wealth Partners LLC now owns 2,616 shares of the fast-food giant’s stock valued at $817,000 after acquiring an additional 258 shares in the last quarter. SSA Swiss Advisors AG bought a new stake in shares of McDonald’s during the first quarter valued at approximately $175,000. Finally, Golden State Wealth Management LLC increased its position in shares of McDonald’s by 11.7% during the first quarter. Golden State Wealth Management LLC now owns 2,751 shares of the fast-food giant’s stock valued at $859,000 after acquiring an additional 289 shares in the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

McDonald’s Price Performance

Shares of McDonald’s stock opened at $309.97 on Tuesday. The company’s fifty day simple moving average is $306.52 and its 200-day simple moving average is $305.71. The stock has a market capitalization of $221.19 billion, a PE ratio of 26.56, a P/E/G ratio of 3.23 and a beta of 0.50. McDonald’s Corporation has a 1-year low of $276.53 and a 1-year high of $326.32.

McDonald’s (NYSE:MCD) last issued its quarterly 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. The business had revenue of $6.84 billion for 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 company’s revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.97 EPS. As a group, research analysts anticipate that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders 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 represents a $7.44 annualized dividend and a dividend yield of 2.4%. This is a boost from McDonald’s’s previous quarterly dividend of $1.77. McDonald’s’s dividend payout ratio is 60.67%.

Insider Activity at McDonald’s

In related news, EVP Desiree Ralls-Morrison sold 2,487 shares of McDonald’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 transaction, the executive vice president owned 8,754 shares in the company, valued at approximately $2,713,740. The trade was a 22.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Edith Morgan Flatley sold 1,000 shares of McDonald’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total transaction of $315,000.00. Following the transaction, the chief marketing officer owned 6,858 shares in the company, valued at approximately $2,160,270. This trade represents a 12.73% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,463 shares of company stock worth $1,692,186. 0.25% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

MCD has been the subject of several analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of McDonald’s in a research report on Wednesday, October 8th. Wells Fargo & Company reduced 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 report on Thursday, October 16th. Piper Sandler reissued a “neutral” rating and set a $325.00 price target on shares of McDonald’s in a research report on Wednesday, October 22nd. Evercore ISI raised their target price 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. Finally, Melius started coverage on shares of McDonald’s in a report on Monday, July 14th. They issued a “sell” rating and a $250.00 target price on the stock. Eleven research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $323.43.

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.