McDonald’s Corporation $MCD Shares Purchased by B.O.S.S. Retirement Advisors LLC

B.O.S.S. Retirement Advisors LLC boosted its position in McDonald’s Corporation (NYSE:MCD) by 15.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 786 shares of the fast-food giant’s stock after purchasing an additional 103 shares during the period. B.O.S.S. Retirement Advisors LLC’s holdings in McDonald’s were worth $230,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in MCD. HFM Investment Advisors LLC acquired a new stake in McDonald’s in the first quarter worth approximately $26,000. Nova Wealth Management Inc. bought a new position in shares of McDonald’s in the first quarter valued at $26,000. Abound Financial LLC bought a new position in shares of McDonald’s in the first quarter valued at $30,000. Redmont Wealth Advisors LLC bought a new position in shares of McDonald’s in the first quarter valued at $31,000. Finally, Financial Gravity Asset Management Inc. bought a new position in shares of McDonald’s in the first quarter valued at $31,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald’s Trading Down 0.1%

NYSE MCD opened at $300.09 on Friday. McDonald’s Corporation has a 1-year low of $276.53 and a 1-year high of $326.32. The company has a market capitalization of $214.15 billion, a PE ratio of 25.71, a price-to-earnings-growth ratio of 3.06 and a beta of 0.50. The firm’s fifty day simple moving average is $306.88 and its 200-day simple moving average is $306.19.

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

McDonald’s Dividend Announcement

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

Insider Activity at McDonald’s

In other news, CMO Edith Morgan Flatley sold 1,000 shares of the company’s stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $300.00, for a total value of $300,000.00. Following the transaction, the chief marketing officer directly owned 8,858 shares of the company’s stock, valued at approximately $2,657,400. This represents a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of the company’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 represents a 22.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,402 shares of company stock valued at $2,273,407. 0.25% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Bank of America dropped their price target on McDonald’s from $327.00 to $322.00 and set a “neutral” rating on the stock in a report on Friday, July 18th. KeyCorp reaffirmed an “overweight” rating and issued a $335.00 price target (up previously from $325.00) on shares of McDonald’s in a report on Thursday, August 7th. Redburn Atlantic reaffirmed a “sell” rating and issued a $260.00 price target (down previously from $319.00) on shares of McDonald’s in a report on Tuesday, June 10th. TD Cowen upped their price target on McDonald’s from $305.00 to $315.00 and gave the company a “hold” rating in a report on Wednesday, August 6th. Finally, BMO Capital Markets boosted their target price on shares of McDonald’s from $350.00 to $360.00 and gave the company an “outperform” rating in a research note on Thursday, September 4th. Eleven analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, McDonald’s has an average rating of “Hold” and a consensus target price of $325.86.

About McDonald’s

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.