Creekmur Asset Management LLC Buys 210 Shares of McDonald’s Corporation $MCD

Creekmur Asset Management LLC lifted its stake in McDonald’s Corporation (NYSE:MCD) by 11.0% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 2,115 shares of the fast-food giant’s stock after purchasing an additional 210 shares during the quarter. Creekmur Asset Management LLC’s holdings in McDonald’s were worth $618,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in MCD. HFM Investment Advisors LLC bought a new position in shares of McDonald’s in the first quarter worth about $26,000. Nova Wealth Management Inc. bought a new position in shares of McDonald’s in the first quarter worth about $26,000. GFG Capital LLC bought a new position in shares of McDonald’s in the second quarter worth about $29,000. Abound Financial LLC bought a new position in shares of McDonald’s in the first quarter worth about $30,000. Finally, Financial Gravity Asset Management Inc. bought a new position in shares of McDonald’s in the first quarter worth about $31,000. Institutional investors own 70.29% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on MCD shares. BTIG Research reaffirmed a “neutral” rating on shares of McDonald’s in a research note on Friday, October 24th. Evercore ISI lifted their target price on McDonald’s from $350.00 to $360.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Stifel Nicolaus lifted their target price on McDonald’s from $300.00 to $315.00 and gave the company a “hold” rating in a research note on Friday, August 22nd. Citigroup decreased their target price on McDonald’s from $381.00 to $375.00 and set a “buy” rating on the stock in a research note on Tuesday, October 21st. Finally, KeyCorp reissued an “overweight” rating and set a $335.00 target price on shares of McDonald’s in a research note on Monday, October 20th. Eleven research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $323.43.

McDonald’s Price Performance

NYSE:MCD opened at $302.25 on Friday. McDonald’s Corporation has a 1 year low of $276.53 and a 1 year high of $326.32. The stock’s 50 day simple moving average is $306.00 and its two-hundred day simple moving average is $305.63. The company has a market cap of $215.69 billion, a price-to-earnings ratio of 25.90, a PEG ratio of 3.23 and a beta of 0.50.

McDonald’s (NYSE:MCD) last released its quarterly earnings data 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 previous year, the company posted $2.97 EPS. The company’s revenue was up 5.4% compared to the same quarter last year. As a group, analysts anticipate that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a $1.86 dividend. This represents a $7.44 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Monday, December 1st. This is a positive change from McDonald’s’s previous quarterly dividend of $1.77. McDonald’s’s dividend payout ratio is presently 60.67%.

Insiders Place Their Bets

In other McDonald’s news, EVP Jonathan Banner sold 1,000 shares of McDonald’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total value of $310,000.00. Following 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CMO Edith Morgan Flatley sold 1,000 shares of McDonald’s stock in a transaction that occurred 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 completion of the sale, the chief marketing officer directly owned 6,858 shares in the company, valued at approximately $2,160,270. The trade was a 12.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 4,487 shares of company stock valued at $1,395,970 in the last quarter. 0.25% of the stock is currently 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.