Orion Portfolio Solutions LLC Grows Position in McDonald’s Co. (NYSE:MCD)

Orion Portfolio Solutions LLC lifted its position in McDonald’s Co. (NYSE:MCDGet Rating) by 8.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,119 shares of the fast-food giant’s stock after acquiring an additional 821 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in McDonald’s were worth $2,745,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Artemis Wealth Advisors LLC purchased a new position in McDonald’s in the first quarter worth $28,000. Conrad Siegel Investment Advisors Inc. bought a new stake in shares of McDonald’s during the 1st quarter worth $37,000. Rational Advisors LLC boosted its holdings in shares of McDonald’s by 60.6% in the 1st quarter. Rational Advisors LLC now owns 159 shares of the fast-food giant’s stock worth $39,000 after buying an additional 60 shares during the last quarter. Cascade Investment Advisors Inc. grew its position in McDonald’s by 70.6% during the first quarter. Cascade Investment Advisors Inc. now owns 203 shares of the fast-food giant’s stock valued at $50,000 after buying an additional 84 shares during the period. Finally, Ten Capital Wealth Advisors LLC raised its position 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 worth $61,000 after acquiring an additional 46 shares during the period. Hedge funds and other institutional investors own 67.27% of the company’s stock.

McDonald’s Stock Down 1.3 %

Shares of MCD stock opened at $247.94 on Friday. The business has a 50-day moving average price of $258.22 and a two-hundred day moving average price of $249.50. McDonald’s Co. has a 12-month low of $217.68 and a 12-month high of $271.15. The firm has a market cap of $182.41 billion, a P/E ratio of 30.53, a price-to-earnings-growth ratio of 3.05 and a beta of 0.57.

McDonald’s (NYSE:MCDGet Rating) last released its earnings results 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 negative return on equity of 129.90% and a net margin of 25.77%. The company had revenue of $5.72 billion during the quarter, compared to the consensus estimate of $5.82 billion. During the same quarter in the previous year, the company posted $2.37 EPS. McDonald’s’s quarterly revenue was down 2.9% compared to the same quarter last year. As a group, research analysts expect that McDonald’s Co. will post 9.83 EPS for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Thursday, September 1st were issued a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 2.23%. The ex-dividend date was Wednesday, August 31st. McDonald’s’s dividend payout ratio is currently 67.98%.

Insider Buying and Selling

In other McDonald’s news, SVP Catherine A. Hoovel sold 2,371 shares of the company’s stock in a transaction dated Wednesday, July 27th. The shares were sold at an average price of $255.62, for a total transaction of $606,075.02. Following the completion of the sale, the senior vice president now directly owns 1,184 shares in the company, valued at $302,654.08. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other McDonald’s news, SVP Catherine A. Hoovel sold 2,371 shares of McDonald’s stock in a transaction that occurred on Wednesday, July 27th. The stock was sold at an average price of $255.62, for a total value of $606,075.02. Following the transaction, the senior vice president now directly owns 1,184 shares of the company’s stock, valued at approximately $302,654.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ian Frederick Borden sold 5,320 shares of the stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $265.00, for a total value of $1,409,800.00. Following the sale, the insider now directly owns 7,131 shares of the company’s stock, valued at approximately $1,889,715. The disclosure for this sale can be found here. Insiders have sold a total of 20,191 shares of company stock worth $5,250,365 in the last 90 days. 0.25% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

MCD has been the subject of a number of research reports. Sanford C. Bernstein initiated coverage on shares of McDonald’s in a research report on Wednesday, September 7th. They set a “market perform” rating and a $267.00 target price for the company. Truist Financial raised their target price on McDonald’s from $273.00 to $276.00 and gave the stock a “buy” rating in a research report on Wednesday, July 27th. Robert W. Baird set a $285.00 price target on McDonald’s in a research report on Tuesday, July 19th. Credit Suisse Group lifted their price objective on McDonald’s from $285.00 to $287.00 and gave the stock an “outperform” rating in a report on Wednesday, July 27th. Finally, Tigress Financial increased their target price on shares of McDonald’s from $314.00 to $320.00 and gave the stock a “buy” rating in a research report on Tuesday, August 30th. Seven analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. According to data from MarketBeat.com, McDonald’s presently has a consensus rating of “Moderate Buy” and an average price target of $285.04.

McDonald’s Company Profile

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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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