Shares of McDonald’s Co. (NYSE:MCD) bought by Holistic Financial Partners

Holistic Financial Partners raised its holdings in shares of McDonald’s Co. (NYSE:MCD – Free Report) by 3.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,178 shares of the fast-food giant’s stock after purchasing an additional 44 shares during the quarter. Holistic Financial Partners’ holdings in McDonald’s were worth $300,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Norges Bank acquired a new stake in McDonald’s in the 4th quarter valued at approximately $2,684,899,000. Gallagher Fiduciary Advisors LLC boosted its holdings in shares of McDonald’s by 141,160.9% during the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 5,613,710 shares of the fast food giant’s stock worth $1,664,521,000 after bought an additional 5,609,736 shares in the last quarter. Capital Research Global Investors raised its position in shares of McDonald’s by 66.9% in the first quarter. Capital Research Global Investors now owns 5,471,007 shares of the fast food giant’s stock valued at $1,542,550,000 after buying an additional 2,193,769 shares during the last quarter. Swedbank AB acquired a new stake in shares of McDonald’s in the first quarter valued at about $348,206,000. Finally, Capital World Investors boosted its holdings in shares of McDonald’s by 39.7% in the first quarter. Capital World Investors now owns 3,565,398 shares of the fast food giant’s stock valued at $1,005,264,000 after buying an additional 1,012,534 shares in the last quarter. 70.29% of the shares are currently owned by institutional investors and hedge funds.

McDonald’s stock performance

Shares of McDonald’s stock opened at $288.66 on Friday. The company has a 50-day simple moving average of $265.62 and a 200-day simple moving average of $271.00. McDonald’s Co. it has a one year low of $243.53 and a one year high of $302.39. The company has a market cap of $207.07 billion, a PE ratio of 24.50, a P/E/G ratio of 3.86 and a beta of 0.71.

McDonald’s (NYSE:MCD – Get Your Free Report ) last posted its quarterly earnings results on Monday, July 29th. The fast-food giant reported $2.97 EPS for the quarter, missing the consensus estimate of $3.07 by ($0.10). The firm had revenue of $6.49 billion for the quarter, compared to analyst estimates of $6.62 billion. McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. The company’s revenue fell 0.1% year over year. In the same quarter last year, the firm earned $3.17 EPS. On average, sell-side analysts predict that McDonald’s Co. will post 11.67 earnings per share for the current fiscal year.

McDonald’s dividend announcement

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

Insiders place their bets

In related news, EVP Marion K. Gross sold 1,498 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $387,285.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total value of $371,893.48. Following the completion of the transaction, the executive vice president now owns 1,560 shares in the company, valued at $387,285.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible via this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $260.00, for a total value of $285,740.00. Following the sale, the insider now owns 13,681 shares in the company, valued at approximately $3,557,060. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,793 shares of company stock worth $1,260,106. 0.23% of shares are owned by corporate insiders.

Analysts on Wall Street are forecasting an increase

A number of equities analysts have covered the company. Morgan Stanley decreased their price objective on McDonald’s from $312.00 to $300.00 and set an “overweight” rating on the stock in a research note on Thursday, July 11th. JPMorgan Chase & Co. dropped their price objective on shares of McDonald’s from $290.00 to $270.00 and set an “overweight” rating for the company in a report on Tuesday, July 30th. Evercore ISI lifted their price objective on shares of McDonald’s from $300.00 to $320.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th. Truist Financial cut their price target on shares of McDonald’s from $300.00 to $295.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Finally, Citigroup decreased their price target on shares of McDonald’s from $280.00 to $275.00 and set a “neutral” rating for the company in a research note on Tuesday, July 30th. Eleven analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. McDonald’s presently has a consensus rating of “Moderate Buy” and a consensus price target of $303.71, according to MarketBeat.com.

Check out our latest report on MCD

McDonald’s profile

(Free report)

McDonald’s Corporation operates and franchises restaurants under the McDonald’s brand in the United States and internationally. 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 selling various other items during limited-time promotions.

Featured stories

Get news and reviews for McDonald’s Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for McDonald’s and related companies with MarketBeat.com’s FREE daily email newsletter.