RMR Wealth Builders Acquires 521 Shares of McDonald’s Corporation $MCD

RMR Wealth Builders grew its holdings in McDonald’s Corporation (NYSE:MCD) by 7.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,104 shares of the fast-food giant’s stock after purchasing an additional 521 shares during the quarter. RMR Wealth Builders’ holdings in McDonald’s were worth $2,076,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Mascagni Wealth Management Inc. bought a new position in shares of McDonald’s in the 4th quarter valued at about $25,000. HFM Investment Advisors LLC bought a new position in shares of McDonald’s in the 1st quarter valued at about $26,000. Nova Wealth Management Inc. bought a new position in shares of McDonald’s in the 1st quarter valued at about $26,000. Pinney & Scofield Inc. acquired a new stake in shares of McDonald’s in the 4th quarter valued at approximately $29,000. Finally, Abound Financial LLC acquired a new stake in shares of McDonald’s in the 1st quarter valued at approximately $30,000. Institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Performance

Shares of MCD stock opened at $305.49 on Monday. The company has a market capitalization of $218.00 billion, a P/E ratio of 26.18, a price-to-earnings-growth ratio of 3.11 and a beta of 0.49. The company’s 50 day moving average price is $305.33 and its two-hundred day moving average price is $306.57. McDonald’s Corporation has a 52 week low of $276.53 and a 52 week high of $326.32.

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

McDonald’s Announces Dividend

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

Insider Buying and Selling at McDonald’s

In other news, EVP Jonathan Banner sold 1,000 shares of McDonald’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 sale, the executive vice president directly owned 99 shares in the company, valued at $30,690. This trade represents a 90.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of McDonald’s stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total transaction of $281,221.11. Following the completion of the sale, the insider owned 9,283 shares in the company, valued at $2,780,165.67. This trade represents a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,341 shares of company stock valued at $2,544,327 over the last ninety days. 0.25% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on MCD shares. Melius started coverage on shares of McDonald’s in a research report on Monday, July 14th. They issued a “sell” rating and a $250.00 price target on the stock. Stifel Nicolaus increased their price target on shares of McDonald’s from $300.00 to $315.00 and gave the company a “hold” rating in a research report on Friday, August 22nd. KeyCorp reiterated an “overweight” rating and issued a $335.00 price target (up from $325.00) on shares of McDonald’s in a research report on Thursday, August 7th. Piper Sandler increased their price target on shares of McDonald’s from $314.00 to $325.00 and gave the company a “neutral” rating in a research report on Thursday, August 7th. Finally, BMO Capital Markets increased their price target on shares of McDonald’s from $350.00 to $360.00 and gave the company an “outperform” rating in a research report on Thursday, September 4th. Eleven equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, McDonald’s has a consensus rating of “Hold” and an average target price of $325.14.

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.