McDonald’s Corporation $MCD Shares Purchased by Modus Advisors LLC

Modus Advisors LLC boosted its holdings in McDonald’s Corporation (NYSE:MCD) by 1.5% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 9,606 shares of the fast-food giant’s stock after buying an additional 140 shares during the quarter. Modus Advisors LLC’s holdings in McDonald’s were worth $2,806,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Mascagni Wealth Management Inc. acquired a new position in McDonald’s in the fourth quarter worth approximately $25,000. HFM Investment Advisors LLC acquired a new position in McDonald’s in the first quarter worth approximately $26,000. Nova Wealth Management Inc. acquired a new position in McDonald’s in the 1st quarter worth approximately $26,000. Pinney & Scofield Inc. acquired a new position in McDonald’s in the 4th quarter worth approximately $29,000. Finally, Abound Financial LLC acquired a new position in McDonald’s in the 1st quarter worth approximately $30,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Evercore ISI raised their price objective on shares of McDonald’s from $350.00 to $360.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. JPMorgan Chase & Co. raised their price objective on shares of McDonald’s from $305.00 to $310.00 and gave the stock an “overweight” rating in a research note on Thursday, August 7th. Melius assumed coverage on shares of McDonald’s in a research note on Monday, July 14th. They issued a “sell” rating and a $250.00 price objective for the company. The Goldman Sachs Group raised shares of McDonald’s from a “neutral” rating to a “buy” rating and set a $345.00 price objective for the company in a research note on Thursday, July 10th. Finally, TD Securities reaffirmed a “hold” rating and issued a $305.00 price objective on shares of McDonald’s in a research note on Thursday, June 5th. Eleven research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $325.14.

Insider Buying and Selling at McDonald’s

In related news, EVP Jonathan Banner sold 1,000 shares of McDonald’s stock in a transaction 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 completion of the sale, the executive vice president owned 99 shares of the company’s stock, valued at approximately $30,690. The trade was a 90.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Edith Morgan Flatley sold 1,000 shares of McDonald’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total transaction of $315,000.00. Following the completion of the sale, the chief marketing officer directly owned 6,858 shares of the company’s stock, valued at approximately $2,160,270. The trade was a 12.73% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,341 shares of company stock worth $2,544,327 in the last 90 days. 0.25% of the stock is currently owned by company insiders.

McDonald’s Trading Down 1.0%

MCD stock opened at $305.49 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 fifty day simple moving average of $305.33 and a 200 day simple moving average of $306.59. The firm has a market cap of $218.00 billion, a PE ratio of 26.18, a PEG ratio of 3.14 and a beta of 0.50.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $6.68 billion. During the same quarter in the previous year, the business earned $2.97 EPS. McDonald’s’s quarterly revenue was up 5.4% compared to the same quarter last year. As a group, analysts forecast that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be paid a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 2nd. McDonald’s’s payout ratio is presently 60.67%.

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.