Ignite Planners LLC Raises Stake in McDonald’s Co. (NYSE:MCD)

Ignite Planners LLC lifted its position in shares of McDonald’s Co. (NYSE:MCDGet Rating) by 3.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,735 shares of the fast-food giant’s stock after buying an additional 57 shares during the quarter. Ignite Planners LLC’s holdings in McDonald’s were worth $440,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Artemis Wealth Advisors LLC purchased a new stake in McDonald’s in the first quarter valued at approximately $28,000. Conrad Siegel Investment Advisors Inc. purchased a new stake in McDonald’s in the first quarter valued at approximately $37,000. Rational Advisors LLC grew its holdings in McDonald’s by 60.6% in the first quarter. Rational Advisors LLC now owns 159 shares of the fast-food giant’s stock valued at $39,000 after purchasing an additional 60 shares during the period. Cascade Investment Advisors Inc. grew its holdings in McDonald’s by 70.6% in the first quarter. Cascade Investment Advisors Inc. now owns 203 shares of the fast-food giant’s stock valued at $50,000 after purchasing an additional 84 shares during the period. Finally, Ten Capital Wealth Advisors LLC grew its holdings in McDonald’s by 23.0% in the first quarter. Ten Capital Wealth Advisors LLC now owns 246 shares of the fast-food giant’s stock valued at $61,000 after purchasing an additional 46 shares during the period. 67.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Ian Frederick Borden sold 8,000 shares of the stock in a transaction dated Wednesday, July 27th. The shares were sold at an average price of $255.80, for a total value of $2,046,400.00. Following the completion of the transaction, the insider now owns 7,131 shares in the company, valued at approximately $1,824,109.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Ian Frederick Borden sold 8,000 shares of the stock in a transaction dated Wednesday, July 27th. The shares were sold at an average price of $255.80, for a total value of $2,046,400.00. Following the completion of the transaction, the insider now owns 7,131 shares in the company, valued at approximately $1,824,109.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Enrique Hernandez, Jr. sold 4,500 shares of the stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $264.02, for a total transaction of $1,188,090.00. The disclosure for this sale can be found here. Insiders have sold a total of 20,191 shares of company stock valued at $5,250,365 in the last quarter. Company insiders own 0.25% of the company’s stock.

McDonald’s Stock Down 0.8 %

Shares of NYSE:MCD traded down $2.08 on Friday, reaching $245.86. 67,984 shares of the company’s stock were exchanged, compared to its average volume of 2,372,805. McDonald’s Co. has a fifty-two week low of $217.68 and a fifty-two week high of $271.15. The business’s 50-day moving average is $258.22 and its two-hundred day moving average is $249.50. The firm has a market capitalization of $180.88 billion, a price-to-earnings ratio of 30.59, a PEG ratio of 3.05 and a beta of 0.57.

McDonald’s (NYSE:MCDGet Rating) last released its quarterly earnings data on Tuesday, July 26th. The fast-food giant reported $2.55 earnings per share for the quarter, topping analysts’ consensus estimates of $2.47 by $0.08. McDonald’s had a net margin of 25.77% and a negative return on equity of 129.90%. The business had revenue of $5.72 billion for the quarter, compared to analysts’ expectations of $5.82 billion. During the same quarter last year, the company earned $2.37 EPS. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. Analysts predict that McDonald’s Co. will post 9.83 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Thursday, September 1st were issued a $1.38 dividend. The ex-dividend date was Wednesday, August 31st. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.25%. McDonald’s’s dividend payout ratio (DPR) is presently 67.98%.

Analysts Set New Price Targets

A number of research firms recently issued reports on MCD. Piper Sandler boosted their target price on shares of McDonald’s from $263.00 to $270.00 and gave the company an “overweight” rating in a report on Wednesday, September 7th. Guggenheim boosted their price objective on shares of McDonald’s to $290.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 27th. Morgan Stanley decreased their price objective on shares of McDonald’s from $287.00 to $285.00 and set an “overweight” rating for the company in a research note on Monday, July 18th. Royal Bank of Canada boosted their price objective on shares of McDonald’s from $292.00 to $305.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 27th. Finally, Citigroup upped their target price on shares of McDonald’s from $266.00 to $275.00 and gave the company a “neutral” rating in a research note on Wednesday, July 27th. Seven research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat, McDonald’s has a consensus rating of “Moderate Buy” and an average target price of $285.39.

About McDonald’s

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McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer hamburgers and cheeseburgers, chicken sandwiches and nuggets, wraps, fries, salads, oatmeal, shakes, desserts, sundaes, soft serve cones, bakery items, soft drinks, coffee, and beverages and other beverages, as well as breakfast menu, including biscuit and bagel sandwiches, breakfast burritos, hotcakes, and other sandwiches.

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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