Signet Investment Advisory Group Inc. Purchases 55 Shares of McDonald’s Corporation $MCD

Signet Investment Advisory Group Inc. raised its stake in shares of McDonald’s Corporation (NYSE:MCD) by 0.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,235 shares of the fast-food giant’s stock after buying an additional 55 shares during the quarter. McDonald’s comprises 1.5% of Signet Investment Advisory Group Inc.’s portfolio, making the stock its 27th biggest position. Signet Investment Advisory Group Inc.’s holdings in McDonald’s were worth $2,990,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of MCD. HFM Investment Advisors LLC acquired a new position in shares of McDonald’s during the 1st quarter worth about $26,000. Nova Wealth Management Inc. acquired a new position in shares of McDonald’s during the 1st quarter worth about $26,000. GFG Capital LLC acquired a new position in shares of McDonald’s during the 2nd quarter worth about $29,000. Abound Financial LLC acquired a new position in shares of McDonald’s during the 1st quarter worth about $30,000. Finally, Redmont Wealth Advisors LLC acquired a new position in shares of McDonald’s during the 1st quarter worth about $31,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on MCD shares. Morgan Stanley set a $335.00 target price on McDonald’s in a research report on Friday, October 17th. Evercore ISI boosted their target price on McDonald’s from $350.00 to $360.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. JPMorgan Chase & Co. boosted their target price on McDonald’s from $305.00 to $310.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. Stifel Nicolaus boosted their price objective on McDonald’s from $300.00 to $315.00 and gave the company a “hold” rating in a research report on Friday, August 22nd. Finally, Piper Sandler reiterated a “neutral” rating and issued a $325.00 price objective on shares of McDonald’s in a research report on Wednesday, October 22nd. Eleven analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, McDonald’s currently has an average rating of “Hold” and an average target price of $323.43.

McDonald’s Stock Performance

Shares of MCD opened at $309.97 on Tuesday. The stock has a 50 day simple moving average of $306.52 and a 200 day simple moving average of $305.71. McDonald’s Corporation has a 52-week low of $276.53 and a 52-week high of $326.32. The firm has a market capitalization of $221.19 billion, a PE ratio of 26.56, a P/E/G ratio of 3.23 and a beta of 0.50.

McDonald’s (NYSE:MCD) last issued 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. The business had revenue of $6.84 billion during the quarter, compared to analyst estimates of $6.68 billion. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.McDonald’s’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.97 EPS. Equities research analysts predict that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a $1.86 dividend. This represents a $7.44 annualized dividend and a yield of 2.4%. The ex-dividend date is Monday, December 1st. This is a positive change from McDonald’s’s previous quarterly dividend of $1.77. McDonald’s’s dividend payout ratio (DPR) is presently 60.67%.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 2,487 shares of the business’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total value of $770,970.00. Following the sale, the executive vice president owned 8,754 shares in the company, valued at approximately $2,713,740. The trade was a 22.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Jonathan Banner sold 1,000 shares of the business’s 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 completion of the sale, the executive vice president owned 99 shares in the company, valued at $30,690. The trade was a 90.99% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,463 shares of company stock worth $1,692,186. Corporate insiders own 0.25% of the company’s stock.

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.