McDonald’s Corporation $MCD Shares Acquired by PKS Advisory Services LLC

PKS Advisory Services LLC lifted its position in shares of McDonald’s Corporation (NYSE:MCD) by 10.4% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 3,854 shares of the fast-food giant’s stock after acquiring an additional 363 shares during the period. PKS Advisory Services LLC’s holdings in McDonald’s were worth $1,126,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Decker Retirement Planning Inc. lifted its holdings in shares of McDonald’s by 142.9% in the second quarter. Decker Retirement Planning Inc. now owns 85 shares of the fast-food giant’s stock valued at $25,000 after purchasing an additional 50 shares in the last quarter. Legacy Investment Solutions LLC purchased a new position in shares of McDonald’s during the 2nd quarter worth approximately $25,000. HFM Investment Advisors LLC acquired a new position in shares of McDonald’s during the 1st quarter worth approximately $26,000. Nova Wealth Management Inc. purchased a new stake in McDonald’s in the 1st quarter valued at approximately $26,000. Finally, GFG Capital LLC acquired a new stake in McDonald’s during the 2nd quarter valued at $29,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Mizuho raised shares of McDonald’s to a “hold” rating in a research note on Tuesday, October 28th. Truist Financial lowered their price objective on McDonald’s from $360.00 to $350.00 and set a “buy” rating for the company in a research report on Tuesday, October 14th. Stifel Nicolaus increased their target price on McDonald’s from $300.00 to $315.00 and gave the stock a “hold” rating in a research report on Friday, August 22nd. Citigroup lowered their price target on McDonald’s from $381.00 to $375.00 and set a “buy” rating for the company in a report on Tuesday, October 21st. Finally, KeyCorp reiterated an “overweight” rating and set a $335.00 price objective on shares of McDonald’s in a report on Monday, October 20th. Eleven investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, McDonald’s presently has an average rating of “Hold” and an average price target of $324.57.

Insider Transactions at McDonald’s

In other McDonald’s news, CMO Edith Morgan Flatley sold 1,000 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total value of $315,000.00. Following the completion of the transaction, the chief marketing officer owned 6,858 shares in the company, valued at approximately $2,160,270. This represents a 12.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Manuel Jm Steijaert sold 13,134 shares of McDonald’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $300.42, for a total value of $3,945,716.28. Following the sale, the executive vice president directly owned 4,606 shares in the company, valued at $1,383,734.52. The trade was a 74.04% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 17,329 shares of company stock worth $5,237,811. 0.25% of the stock is currently owned by company insiders.

McDonald’s Trading Down 0.7%

NYSE MCD opened at $302.50 on Thursday. McDonald’s Corporation has a 52 week low of $276.53 and a 52 week high of $326.32. The stock has a market cap of $215.43 billion, a P/E ratio of 25.92, a PEG ratio of 3.23 and a beta of 0.50. The company’s fifty day simple moving average is $302.98 and its 200-day simple moving average is $304.41.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.33 by ($0.11). McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The business had revenue of $7.08 billion for the quarter, compared to analysts’ expectations of $7.10 billion. During the same quarter in the prior year, the firm earned $3.23 earnings per share. McDonald’s’s revenue for the quarter was up 3.0% compared to the same quarter last year. On average, research analysts expect that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Increases Dividend

The business 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 $1.86 dividend. The ex-dividend date is Monday, December 1st. This is an increase from McDonald’s’s previous quarterly dividend of $1.77. This represents a $7.44 dividend on an annualized basis and a yield of 2.5%. McDonald’s’s payout ratio is presently 63.48%.

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.