McDonald’s Corporation $MCD Shares Bought by Moss Adams Wealth Advisors LLC

Moss Adams Wealth Advisors LLC raised its holdings in McDonald’s Corporation (NYSE:MCD) by 8.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,717 shares of the fast-food giant’s stock after acquiring an additional 299 shares during the quarter. Moss Adams Wealth Advisors LLC’s holdings in McDonald’s were worth $1,086,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Nova Wealth Management Inc. acquired a new stake in McDonald’s in the 1st quarter valued at about $26,000. HFM Investment Advisors LLC purchased a new stake in McDonald’s during the first quarter valued at about $26,000. Abound Financial LLC purchased a new stake in McDonald’s during the first quarter valued at about $30,000. Redmont Wealth Advisors LLC purchased a new stake in McDonald’s during the first quarter valued at about $31,000. Finally, Financial Gravity Asset Management Inc. purchased a new stake in McDonald’s during the first quarter valued at about $31,000. 70.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MCD has been the subject of a number of research analyst reports. KeyCorp reissued 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. Morgan Stanley increased their price target on shares of McDonald’s from $324.00 to $326.00 and gave the stock an “equal weight” rating in a research report on Monday, July 14th. Barclays increased their price target on shares of McDonald’s from $355.00 to $360.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. TD Cowen increased their price target on shares of McDonald’s from $305.00 to $315.00 and gave the stock a “hold” rating in a research report on Wednesday, August 6th. Finally, Evercore ISI increased their price target on shares of McDonald’s from $350.00 to $360.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. Eleven research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $325.86.

Insider Activity at McDonald’s

In other news, EVP Desiree Ralls-Morrison sold 2,487 shares of the firm’s stock in a transaction on Wednesday, August 6th. The shares were 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. This trade represents a 22.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Jonathan Banner sold 1,000 shares of the firm’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total value of $310,000.00. Following the completion of the transaction, the executive vice president directly owned 99 shares of the company’s stock, valued at approximately $30,690. This trade represents a 90.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,402 shares of company stock worth $2,273,407. Insiders own 0.25% of the company’s stock.

McDonald’s Stock Up 0.9%

Shares of MCD stock opened at $305.10 on Monday. The business’s 50 day moving average is $306.48 and its two-hundred day moving average is $306.25. The company has a market cap of $217.72 billion, a PE ratio of 26.14, a price-to-earnings-growth ratio of 3.11 and a beta of 0.49. McDonald’s Corporation has a 12 month low of $276.53 and a 12 month high of $326.32.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.15 by $0.04. The business 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%. McDonald’s’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the company posted $2.97 earnings per share. As a group, equities analysts expect that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Announces Dividend

The business also recently disclosed 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 was Tuesday, September 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.3%. McDonald’s’s dividend payout ratio (DPR) is presently 60.67%.

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.