McDonald’s Co. (NYSE:MCD) Shares Purchased by Financial Counselors Inc.

Financial Counselors Inc. lifted its position in McDonald’s Co. (NYSE:MCD) by 11.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 209,509 shares of the fast-food giant’s stock after purchasing an additional 21,484 shares during the quarter. McDonald’s comprises about 0.9% of Financial Counselors Inc.’s holdings, making the stock its 28th biggest holding. Financial Counselors Inc.’s holdings in McDonald’s were worth $53,391,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MCD. Dixon Mitchell Investment Counsel Inc. purchased a new position in shares of McDonald’s during the 1st quarter worth $28,000. Clear Investment Research LLC purchased a new position in McDonald’s during the fourth quarter worth about $38,000. Kings Path Partners LLC acquired a new stake in shares of McDonald’s during the second quarter valued at about $38,000. Atlantic Edge Private Wealth Management LLC acquired a new stake in shares of McDonald’s during the fourth quarter valued at about $39,000. Finally, Accent Capital Management LLC purchased a new stake in shares of McDonald’s in the 4th quarter valued at approximately $44,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald’s Price Performance

NYSE MCD opened at $288.66 on Monday. The firm’s fifty day moving average price is $265.62 and its 200 day moving average price is $270.76. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $302.39. The company has a market capitalization of $207.07 billion, a price-to-earnings ratio of 24.50, a price-to-earnings-growth ratio of 3.86 and a beta of 0.71.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Monday, July 29th. The fast-food giant reported $2.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.07 by ($0.10). McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. The firm had revenue of $6.49 billion for the quarter, compared to analysts’ expectations of $6.62 billion. During the same period in the previous year, the business posted $3.17 EPS. The business’s revenue for the quarter was down .1% compared to the same quarter last year. As a group, sell-side analysts forecast that McDonald’s Co. will post 11.67 earnings per share for the current year.

McDonald’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend is Tuesday, September 3rd. McDonald’s’s dividend payout ratio is currently 56.71%.

Insider Activity

In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of McDonald’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total value of $371,893.48. Following the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at $387,285.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, EVP Marion K. Gross sold 1,498 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $248.26, for a total value of $371,893.48. Following the transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at $387,285.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction on Friday, June 21st. The stock was sold at an average price of $260.00, for a total value of $285,480.00. Following the sale, the insider now directly owns 14,780 shares of the company’s stock, valued at $3,842,800. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,793 shares of company stock valued at $1,260,106. 0.23% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MCD. Stifel Nicolaus decreased their price target on McDonald’s from $285.00 to $265.00 and set a “hold” rating on the stock in a research note on Monday, July 22nd. Evercore ISI boosted their price objective on McDonald’s from $300.00 to $320.00 and gave the company an “outperform” rating in a report on Monday, August 19th. Citigroup lowered their target price on McDonald’s from $280.00 to $275.00 and set a “neutral” rating for the company in a report on Tuesday, July 30th. Jefferies Financial Group cut their price target on shares of McDonald’s from $320.00 to $310.00 and set a “buy” rating on the stock in a research note on Monday, July 29th. Finally, Truist Financial reduced their price target on shares of McDonald’s from $300.00 to $295.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Eleven analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat, McDonald’s presently has a consensus rating of “Moderate Buy” and an average target price of $303.71.

McDonald’s Company Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.