Lodestar Private Asset Management LLC Has $689,000 Holdings in McDonald’s Corporation $MCD

Lodestar Private Asset Management LLC increased its holdings in McDonald’s Corporation (NYSE:MCD) by 4.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,358 shares of the fast-food giant’s stock after acquiring an additional 104 shares during the period. Lodestar Private Asset Management LLC’s holdings in McDonald’s were worth $689,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. HFM Investment Advisors LLC bought a new stake in McDonald’s in the 1st quarter worth about $26,000. Nova Wealth Management Inc. bought a new stake in McDonald’s in the 1st quarter worth about $26,000. GFG Capital LLC bought a new stake in McDonald’s in the 2nd quarter worth about $29,000. Abound Financial LLC bought a new stake in McDonald’s in the 1st quarter worth about $30,000. Finally, Redmont Wealth Advisors LLC bought a new stake in McDonald’s in the 1st quarter worth about $31,000. 70.29% of the stock is owned by institutional investors.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, EVP Jonathan Banner sold 1,000 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total value of $310,000.00. Following the sale, the executive vice president directly owned 99 shares in the company, valued at $30,690. This represents a 90.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total transaction of $281,221.11. Following the completion of the sale, the insider owned 9,283 shares in the company, valued at $2,780,165.67. This represents a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,402 shares of company stock valued at $1,973,407. 0.25% of the stock is owned by corporate insiders.

McDonald’s Trading Up 1.1%

Shares of MCD stock opened at $297.07 on Friday. The stock has a market capitalization of $211.99 billion, a P/E ratio of 25.46, a PEG ratio of 3.12 and a beta of 0.50. The firm’s 50 day moving average is $306.31 and its 200 day moving average is $305.74. McDonald’s Corporation has a 12 month low of $276.53 and a 12 month high of $326.32.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 EPS for the quarter, beating analysts’ consensus estimates of $3.15 by $0.04. The company had revenue of $6.84 billion for the quarter, compared to analysts’ expectations of $6.68 billion. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. McDonald’s’s revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the company posted $2.97 EPS. On average, equities analysts predict that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were paid a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Tuesday, September 2nd. McDonald’s’s dividend payout ratio is presently 60.67%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on MCD shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of McDonald’s in a research report on Wednesday. Stifel Nicolaus increased their target price on shares of McDonald’s from $300.00 to $315.00 and gave the company a “hold” rating in a research report on Friday, August 22nd. Morgan Stanley increased their target price on shares of McDonald’s from $324.00 to $326.00 and gave the company an “equal weight” rating in a research report on Monday, July 14th. Barclays increased their target price on shares of McDonald’s from $355.00 to $360.00 and gave the company an “overweight” rating in a research report on Thursday, August 7th. Finally, Truist Financial increased their target price on shares of McDonald’s from $356.00 to $360.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. Eleven equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $325.18.

McDonald’s Profile

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.