750 Shares in McDonald’s Corporation $MCD Acquired by Ewa LLC

Ewa LLC bought a new position in shares of McDonald’s Corporation (NYSE:MCD) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 750 shares of the fast-food giant’s stock, valued at approximately $219,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. HFM Investment Advisors LLC acquired a new stake in McDonald’s in the first quarter valued at approximately $26,000. Nova Wealth Management Inc. acquired a new stake in McDonald’s in the first quarter valued at approximately $26,000. Abound Financial LLC acquired a new stake in McDonald’s in the first quarter valued at approximately $30,000. Redmont Wealth Advisors LLC acquired a new stake in McDonald’s in the first quarter valued at approximately $31,000. Finally, Financial Gravity Asset Management Inc. acquired a new stake in McDonald’s in the first quarter valued at approximately $31,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Activity

In other news, EVP Desiree Ralls-Morrison sold 2,487 shares of the business’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $310.00, for a total transaction of $770,970.00. Following the completion of the transaction, the executive vice president owned 8,754 shares of the company’s stock, valued at approximately $2,713,740. The trade was a 22.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of the business’s stock in a transaction 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 transaction, the insider directly owned 9,283 shares of the company’s stock, valued at approximately $2,780,165.67. This trade represents a 9.19% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 7,402 shares of company stock worth $2,273,407. 0.25% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on MCD shares. Redburn Atlantic reaffirmed a “sell” rating and issued a $260.00 price objective (down previously from $319.00) on shares of McDonald’s in a research report on Tuesday, June 10th. Morgan Stanley raised 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. Argus downgraded shares of McDonald’s from a “buy” rating to a “hold” rating in a research report on Friday, June 13th. TD Cowen raised 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, Piper Sandler raised their price target on shares of McDonald’s from $314.00 to $325.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. Eleven equities 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, the company presently has a consensus rating of “Hold” and a consensus price target of $325.86.

McDonald’s Price Performance

McDonald’s stock opened at $300.81 on Thursday. The company has a market cap of $214.66 billion, a PE ratio of 25.78, a P/E/G ratio of 3.09 and a beta of 0.51. The company has a fifty day moving average price of $306.78 and a two-hundred day moving average price of $306.21. McDonald’s Corporation has a 12 month low of $276.53 and a 12 month high of $326.32.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Wednesday, August 6th. The fast-food giant reported $3.19 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $6.84 billion during the quarter, compared to the consensus estimate of $6.68 billion. During the same quarter in the previous year, the company posted $2.97 earnings per share. The firm’s revenue was up 5.4% on a year-over-year basis. Equities research analysts anticipate that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were issued a dividend of $1.77 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.4%. McDonald’s’s payout ratio is 60.67%.

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.