Vise Technologies Inc. Acquires Shares of 16,828 McDonald’s Corporation $MCD

Vise Technologies Inc. bought a new position in shares of McDonald’s Corporation (NYSE:MCD) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 16,828 shares of the fast-food giant’s stock, valued at approximately $4,917,000.

Several other institutional investors and hedge funds also recently bought and sold shares of MCD. WealthPlan Investment Management LLC lifted its stake in McDonald’s by 0.9% during the 1st quarter. WealthPlan Investment Management LLC now owns 3,630 shares of the fast-food giant’s stock worth $1,134,000 after acquiring an additional 32 shares in the last quarter. Security Financial Services INC. boosted its stake in McDonald’s by 0.7% in the first quarter. Security Financial Services INC. now owns 5,043 shares of the fast-food giant’s stock valued at $1,575,000 after acquiring an additional 33 shares in the last quarter. Ascent Wealth Partners LLC grew its position in shares of McDonald’s by 0.3% during the first quarter. Ascent Wealth Partners LLC now owns 11,588 shares of the fast-food giant’s stock worth $3,620,000 after acquiring an additional 34 shares during the last quarter. Alexander Labrunerie & CO. Inc. raised its stake in McDonald’s by 3.4% during the 1st quarter. Alexander Labrunerie & CO. Inc. now owns 1,070 shares of the fast-food giant’s stock valued at $334,000 after acquiring an additional 35 shares during the last quarter. Finally, AGP Franklin LLC increased its stake in McDonald’s by 0.4% in the 1st quarter. AGP Franklin LLC now owns 10,001 shares of the fast-food giant’s stock valued at $3,125,000 after buying an additional 35 shares during the period. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at McDonald’s

In other news, CMO Edith Morgan Flatley sold 1,000 shares of the business’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 transaction of $315,000.00. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Jonathan Banner sold 1,000 shares of the company’s stock in a transaction dated Tuesday, August 19th. The shares were 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 approximately $30,690. The trade was a 90.99% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 15,134 shares of company stock worth $4,570,716. 0.25% of the stock is owned by insiders.

Wall Street Analyst Weigh In

MCD has been the subject of a number of research analyst reports. Piper Sandler reaffirmed a “neutral” rating and issued a $325.00 target price on shares of McDonald’s in a report on Wednesday, October 22nd. BTIG Research reiterated a “neutral” rating on shares of McDonald’s in a research report on Friday, October 24th. Royal Bank Of Canada started coverage on McDonald’s in a research report on Wednesday, October 8th. They set a “sector perform” rating and a $320.00 price target for the company. BMO Capital Markets reaffirmed an “outperform” rating on shares of McDonald’s in a research report on Thursday. Finally, Melius began coverage on McDonald’s in a report on Monday, July 14th. They issued a “sell” rating and a $250.00 price target for the company. Eleven research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, McDonald’s presently has a consensus rating of “Hold” and an average price target of $323.91.

McDonald’s Price Performance

NYSE MCD opened at $299.71 on Monday. The company’s 50 day simple moving average is $304.39 and its 200 day simple moving average is $304.94. McDonald’s Corporation has a 12 month low of $276.53 and a 12 month high of $326.32. The firm has a market capitalization of $213.44 billion, a PE ratio of 25.68, a P/E/G ratio of 3.23 and a beta of 0.50.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share 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 firm had revenue of $7.08 billion for the quarter, compared to analysts’ expectations of $7.10 billion. During the same quarter in the previous year, the firm posted $3.23 earnings per share. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. Sell-side analysts anticipate that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be issued a $1.86 dividend. This is a boost 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%. The ex-dividend date is Monday, December 1st. McDonald’s’s dividend payout ratio is currently 63.48%.

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.