Mayflower Financial Advisors LLC Buys 191 Shares of McDonald’s Corporation $MCD

Mayflower Financial Advisors LLC increased its stake in shares of McDonald’s Corporation (NYSE:MCD) by 3.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 5,242 shares of the fast-food giant’s stock after purchasing an additional 191 shares during the quarter. Mayflower Financial Advisors LLC’s holdings in McDonald’s were worth $1,532,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of MCD. Nuveen LLC bought a new position in shares of McDonald’s during the 1st quarter valued at approximately $1,324,961,000. Price T Rowe Associates Inc. MD boosted its holdings in McDonald’s by 16.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,341,460 shares of the fast-food giant’s stock valued at $2,917,993,000 after acquiring an additional 1,344,954 shares during the period. Goldman Sachs Group Inc. boosted its holdings in McDonald’s by 19.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,982,825 shares of the fast-food giant’s stock valued at $1,556,485,000 after acquiring an additional 815,768 shares during the period. T. Rowe Price Investment Management Inc. boosted its holdings in McDonald’s by 732.6% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 650,544 shares of the fast-food giant’s stock valued at $203,211,000 after acquiring an additional 572,408 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings in McDonald’s by 204.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 607,145 shares of the fast-food giant’s stock valued at $177,390,000 after acquiring an additional 407,982 shares during the period. Institutional investors own 70.29% of the company’s stock.

McDonald’s Trading Down 1.0%

MCD opened at $306.79 on Wednesday. McDonald’s Corporation has a 12-month low of $276.53 and a 12-month high of $326.32. The business’s fifty day simple moving average is $306.44 and its 200-day simple moving average is $305.71. The company has a market capitalization of $218.93 billion, a price-to-earnings ratio of 26.29, a PEG ratio of 3.31 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $6.84 billion for the quarter, compared to the consensus estimate of $6.68 billion. During the same quarter in the prior year, the company earned $2.97 EPS. The business’s revenue was up 5.4% compared to the same quarter last year. On average, equities research analysts predict that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid a dividend of $1.86 per share. This is an increase from McDonald’s’s previous quarterly dividend of $1.77. The ex-dividend date is Monday, December 1st. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.4%. McDonald’s’s dividend payout ratio (DPR) is currently 60.67%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on MCD shares. Stifel Nicolaus boosted their price objective on McDonald’s from $300.00 to $315.00 and gave the company a “hold” rating in a report on Friday, August 22nd. Mizuho started coverage on McDonald’s in a report on Monday. They set a “neutral” rating and a $300.00 price objective for the company. BMO Capital Markets boosted their price objective on McDonald’s from $350.00 to $360.00 and gave the company an “outperform” rating in a report on Thursday, September 4th. Barclays boosted their price objective on McDonald’s from $360.00 to $362.00 and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Finally, The Goldman Sachs Group upgraded McDonald’s from a “neutral” rating to a “buy” rating and set a $345.00 price objective for the company in a report on Thursday, July 10th. Eleven analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, McDonald’s has an average rating of “Hold” and an average target price of $323.43.

Insider Buying and Selling

In related news, 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 completion of the sale, the executive vice president directly owned 99 shares in the company, valued at $30,690. This represents a 90.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CMO Edith Morgan Flatley sold 1,000 shares of the company’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total value of $315,000.00. Following the sale, the chief marketing officer owned 6,858 shares of the company’s stock, valued at $2,160,270. This trade represents a 12.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 5,463 shares of company stock worth $1,692,186 in the last three months. 0.25% of the stock is owned by insiders.

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.