McDonald’s Corporation $MCD Holdings Raised by My Legacy Advisors LLC

My Legacy Advisors LLC boosted its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 3.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,968 shares of the fast-food giant’s stock after buying an additional 166 shares during the period. My Legacy Advisors LLC’s holdings in McDonald’s were worth $1,482,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of MCD. Nuveen LLC bought a new stake in shares of McDonald’s during the first quarter worth approximately $1,324,961,000. GAMMA Investing LLC lifted its stake in McDonald’s by 39,039.7% in the first quarter. GAMMA Investing LLC now owns 3,497,919 shares of the fast-food giant’s stock worth $1,092,645,000 after purchasing an additional 3,488,982 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of McDonald’s by 16.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,341,460 shares of the fast-food giant’s stock valued at $2,917,993,000 after buying an additional 1,344,954 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of McDonald’s by 19.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,982,825 shares of the fast-food giant’s stock worth $1,556,485,000 after purchasing an additional 815,768 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in McDonald’s during the fourth quarter valued at approximately $211,824,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MCD has been the topic of several analyst reports. KeyCorp restated an “overweight” rating and set a $335.00 price target (up previously from $325.00) on shares of McDonald’s in a research report on Thursday, August 7th. Loop Capital lowered McDonald’s from a “buy” rating to a “hold” rating and lowered their price objective for the company from $346.00 to $315.00 in a research note on Friday, June 6th. Evercore ISI upped their price target on McDonald’s from $350.00 to $360.00 and gave the company an “outperform” rating in a report on Friday, August 8th. Piper Sandler lifted their price target on McDonald’s from $314.00 to $325.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. Finally, JPMorgan Chase & Co. increased their price objective on McDonald’s from $305.00 to $310.00 and gave the company an “overweight” rating in a research report on Thursday, August 7th. Eleven research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $325.86.

McDonald’s Price Performance

Shares of MCD stock opened at $302.30 on Friday. McDonald’s Corporation has a 1 year low of $276.53 and a 1 year high of $326.32. The stock has a market capitalization of $215.72 billion, a price-to-earnings ratio of 25.90, a PEG ratio of 3.07 and a beta of 0.50. The company’s fifty day simple moving average is $306.06 and its two-hundred day simple moving average is $306.45.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.15 by $0.04. The company had revenue of $6.84 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 5.4% compared to the same quarter last year. During the same period last year, the business earned $2.97 EPS. Equities research analysts anticipate that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were paid a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Tuesday, September 2nd. McDonald’s’s payout ratio is currently 60.67%.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 939 shares of the firm’s stock in a transaction dated 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 transaction, the insider directly owned 9,283 shares in the company, valued at $2,780,165.67. This trade represents a 9.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of the firm’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total transaction of $770,970.00. Following the completion of the sale, the executive vice president owned 8,754 shares of the company’s stock, valued at $2,713,740. This trade represents a 22.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,341 shares of company stock worth $2,544,327 in the last quarter. 0.25% of the stock is currently owned by insiders.

McDonald’s Company 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.