LifePro Asset Management Acquires 432 Shares of McDonald’s Co. (NYSE:MCD)

LifePro Asset Management raised its position in McDonald’s Co. (NYSE:MCD) by 15.5% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 3,221 shares of the fast-food giant’s stock after acquiring an additional 432 shares during the period. LifePro Asset Management’s holdings in McDonald’s were worth $961,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Worth Asset Management LLC increased its holdings in shares of McDonald’s by 277.5% during the 2nd quarter. Worth Asset Management LLC now owns 151 shares of the fast-food giant’s stock worth $45,000 after acquiring an additional 111 shares during the last quarter. Buckingham Capital Management Inc. increased its holdings in shares of McDonald’s by 2.0% during the 2nd quarter. Buckingham Capital Management Inc. now owns 7,589 shares of the fast-food giant’s stock worth $2,265,000 after acquiring an additional 148 shares during the last quarter. EdgeRock Capital LLC increased its holdings in shares of McDonald’s by 18.7% during the 2nd quarter. EdgeRock Capital LLC now owns 1,039 shares of the fast-food giant’s stock worth $310,000 after acquiring an additional 164 shares during the last quarter. Ferguson Wellman Capital Management Inc. increased its holdings in shares of McDonald’s by 0.5% during the 2nd quarter. Ferguson Wellman Capital Management Inc. now owns 208,976 shares of the fast-food giant’s stock worth $62,361,000 after acquiring an additional 1,003 shares during the last quarter. Finally, Arkansas Financial Group Inc. increased its holdings in shares of McDonald’s by 20.1% during the 2nd quarter. Arkansas Financial Group Inc. now owns 1,022 shares of the fast-food giant’s stock worth $305,000 after acquiring an additional 171 shares during the last quarter. Institutional investors own 67.60% of the company’s stock.

Insider Buying and Selling at McDonald’s

In other news, insider Joseph M. Erlinger sold 4,487 shares of the stock in a transaction dated Friday, July 21st. The stock was sold at an average price of $297.87, for a total value of $1,336,542.69. Following the completion of the sale, the insider now owns 11,412 shares of the company’s stock, valued at $3,399,292.44. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, EVP Heidi B. Capozzi sold 688 shares of the stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $282.54, for a total value of $194,387.52. Following the completion of the sale, the executive vice president now owns 20,019 shares of the company’s stock, valued at $5,656,168.26. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Joseph M. Erlinger sold 4,487 shares of the stock in a transaction dated Friday, July 21st. The shares were sold at an average price of $297.87, for a total value of $1,336,542.69. Following the completion of the sale, the insider now directly owns 11,412 shares of the company’s stock, valued at approximately $3,399,292.44. The disclosure for this sale can be found here. Over the last three months, insiders sold 18,149 shares of company stock worth $5,257,201. 0.27% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have commented on MCD shares. Jefferies Financial Group upped their price objective on McDonald’s from $330.00 to $335.00 and gave the company a “buy” rating in a report on Thursday, July 20th. Guggenheim upped their price objective on McDonald’s from $325.00 to $330.00 and gave the company a “buy” rating in a report on Friday, July 28th. BMO Capital Markets upped their price objective on McDonald’s from $325.00 to $340.00 and gave the company an “outperform” rating in a report on Friday, July 28th. StockNews.com initiated coverage on McDonald’s in a report on Thursday, August 17th. They issued a “buy” rating on the stock. Finally, Loop Capital increased their target price on McDonald’s from $346.00 to $383.00 in a report on Friday, July 28th. Five research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $323.17.

McDonald’s Stock Up 0.2 %

McDonald’s stock traded up $0.45 during trading hours on Monday, hitting $278.68. The stock had a trading volume of 415,455 shares, compared to its average volume of 2,538,712. The stock has a market cap of $203.09 billion, a price-to-earnings ratio of 25.69, a P/E/G ratio of 2.78 and a beta of 0.64. McDonald’s Co. has a one year low of $230.58 and a one year high of $299.35. The business’s 50 day simple moving average is $287.27 and its 200-day simple moving average is $286.22.

McDonald’s (NYSE:MCD) last posted its earnings results on Thursday, July 27th. The fast-food giant reported $3.17 EPS for the quarter, beating the consensus estimate of $2.77 by $0.40. The firm had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.30 billion. McDonald’s had a negative return on equity of 139.57% and a net margin of 33.06%. The business’s quarterly revenue was up 13.6% on a year-over-year basis. During the same period last year, the company earned $2.55 earnings per share. Research analysts anticipate that McDonald’s Co. will post 11.49 EPS for the current fiscal year.

McDonald’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Friday, September 1st will be given a $1.52 dividend. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $6.08 annualized dividend and a yield of 2.18%. McDonald’s’s dividend payout ratio is presently 55.93%.

McDonald’s Company Profile

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