McDonald’s Co. (NYSE:MCD) Shares Purchased by Perfromance Wealth Partners LLC

Perfromance Wealth Partners LLC raised its position in McDonald’s Co. (NYSE:MCDGet Rating) by 5.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,689 shares of the fast-food giant’s stock after acquiring an additional 1,023 shares during the quarter. Perfromance Wealth Partners LLC’s holdings in McDonald’s were worth $5,355,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Hodges Capital Management Inc. grew its position in McDonald’s by 31.3% in the 1st quarter. Hodges Capital Management Inc. now owns 6,302 shares of the fast-food giant’s stock valued at $1,558,000 after acquiring an additional 1,502 shares in the last quarter. Dixon Hughes Goodman Wealth Advisors LLC grew its position in McDonald’s by 4.9% in the 1st quarter. Dixon Hughes Goodman Wealth Advisors LLC now owns 993 shares of the fast-food giant’s stock valued at $246,000 after acquiring an additional 46 shares in the last quarter. Key Financial Inc grew its position in McDonald’s by 3.9% in the 1st quarter. Key Financial Inc now owns 3,509 shares of the fast-food giant’s stock valued at $868,000 after acquiring an additional 131 shares in the last quarter. Compagnie Lombard Odier SCmA grew its position in McDonald’s by 5.1% in the 1st quarter. Compagnie Lombard Odier SCmA now owns 52,469 shares of the fast-food giant’s stock valued at $12,970,000 after acquiring an additional 2,553 shares in the last quarter. Finally, Journey Strategic Wealth LLC grew its position in McDonald’s by 5.4% in the 1st quarter. Journey Strategic Wealth LLC now owns 1,846 shares of the fast-food giant’s stock valued at $457,000 after acquiring an additional 95 shares in the last quarter. 67.27% of the stock is owned by institutional investors and hedge funds.

McDonald’s Trading Down 0.8 %

Shares of McDonald’s stock traded down $1.92 during trading hours on Friday, hitting $246.02. 145,872 shares of the company were exchanged, compared to its average volume of 2,372,805. McDonald’s Co. has a 1 year low of $217.68 and a 1 year high of $271.15. The business has a 50-day moving average of $258.22 and a 200-day moving average of $249.50. The stock has a market capitalization of $181.00 billion, a price-to-earnings ratio of 30.20, a P/E/G ratio of 3.05 and a beta of 0.57.

McDonald’s (NYSE:MCDGet Rating) last released its quarterly earnings results on Tuesday, July 26th. The fast-food giant reported $2.55 EPS for the quarter, topping the consensus estimate of $2.47 by $0.08. McDonald’s had a negative return on equity of 129.90% and a net margin of 25.77%. The business had revenue of $5.72 billion during the quarter, compared to analysts’ expectations of $5.82 billion. During the same quarter in the prior year, the business earned $2.37 earnings per share. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. As a group, research analysts anticipate that McDonald’s Co. will post 9.83 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Thursday, September 1st were paid a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 2.24%. The ex-dividend date of this dividend was Wednesday, August 31st. McDonald’s’s dividend payout ratio (DPR) is presently 67.98%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on MCD shares. Piper Sandler boosted their price objective on McDonald’s from $263.00 to $270.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 7th. Jefferies Financial Group lowered their price objective on McDonald’s from $306.00 to $298.00 and set a “buy” rating for the company in a research report on Wednesday, July 27th. Royal Bank of Canada boosted their price objective on McDonald’s from $292.00 to $305.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 27th. Cowen boosted their price objective on McDonald’s from $275.00 to $290.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 27th. Finally, Tigress Financial boosted their price objective on McDonald’s from $314.00 to $320.00 and gave the stock a “buy” rating in a research report on Tuesday, August 30th. Seven research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. Based on data from MarketBeat, McDonald’s currently has an average rating of “Moderate Buy” and an average price target of $285.39.

Insider Transactions at McDonald’s

In related news, insider Ian Frederick Borden sold 8,000 shares of the company’s stock in a transaction on Wednesday, July 27th. The stock was sold at an average price of $255.80, for a total transaction of $2,046,400.00. Following the transaction, the insider now owns 7,131 shares of the company’s stock, valued at $1,824,109.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, SVP Catherine A. Hoovel sold 2,371 shares of the company’s stock in a transaction on Wednesday, July 27th. The stock was sold at an average price of $255.62, for a total transaction of $606,075.02. Following the transaction, the senior vice president now owns 1,184 shares of the company’s stock, valued at $302,654.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ian Frederick Borden sold 8,000 shares of the company’s stock in a transaction on Wednesday, July 27th. The stock was sold at an average price of $255.80, for a total value of $2,046,400.00. Following the transaction, the insider now directly owns 7,131 shares in the company, valued at approximately $1,824,109.80. The disclosure for this sale can be found here. Insiders sold 20,191 shares of company stock worth $5,250,365 over the last 90 days. 0.25% of the stock is currently owned by insiders.

About McDonald’s

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McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer hamburgers and cheeseburgers, chicken sandwiches and nuggets, wraps, fries, salads, oatmeal, shakes, desserts, sundaes, soft serve cones, bakery items, soft drinks, coffee, and beverages and other beverages, as well as breakfast menu, including biscuit and bagel sandwiches, breakfast burritos, hotcakes, and other sandwiches.

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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