First Pacific Financial Has $171,000 Stock Position in McDonald’s Corporation $MCD

First Pacific Financial lifted its position in shares of McDonald’s Corporation (NYSE:MCD) by 59.2% in the second quarter, Holdings Channel reports. The institutional investor owned 586 shares of the fast-food giant’s stock after acquiring an additional 218 shares during the period. First Pacific Financial’s holdings in McDonald’s were worth $171,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of MCD. Brighton Jones LLC raised its stake in McDonald’s by 21.6% in the fourth quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant’s stock valued at $2,692,000 after purchasing an additional 1,649 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in McDonald’s by 2.8% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant’s stock valued at $563,000 after purchasing an additional 52 shares in the last quarter. Quotient Wealth Partners LLC raised its stake in McDonald’s by 10.9% in the first quarter. Quotient Wealth Partners LLC now owns 2,616 shares of the fast-food giant’s stock valued at $817,000 after purchasing an additional 258 shares in the last quarter. Merit Financial Group LLC raised its stake in McDonald’s by 15.6% in the first quarter. Merit Financial Group LLC now owns 29,982 shares of the fast-food giant’s stock valued at $9,366,000 after purchasing an additional 4,056 shares in the last quarter. Finally, RFG Advisory LLC raised its stake in McDonald’s by 10.5% in the first quarter. RFG Advisory LLC now owns 11,651 shares of the fast-food giant’s stock valued at $3,639,000 after purchasing an additional 1,105 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on MCD shares. Evercore ISI boosted their price target on McDonald’s from $350.00 to $360.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. The Goldman Sachs Group upgraded McDonald’s from a “neutral” rating to a “buy” rating and set a $345.00 target price on the stock in a research report on Thursday, July 10th. Citigroup lifted their target price on McDonald’s from $373.00 to $381.00 and gave the company a “buy” rating in a research report on Wednesday, September 17th. Guggenheim reiterated a “neutral” rating on shares of McDonald’s in a research report on Friday, August 8th. Finally, Loop Capital cut McDonald’s from a “buy” rating to a “hold” rating and decreased their target price for the company from $346.00 to $315.00 in a research report on Friday, June 6th. Eleven 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. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $325.86.

Insider Buying and Selling

In related news, CMO Edith Morgan Flatley sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total value of $315,000.00. Following the sale, the chief marketing officer directly owned 6,858 shares in the company, valued at $2,160,270. This represents a 12.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of the 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 transaction, the executive vice president owned 8,754 shares in the company, valued at $2,713,740. The trade was a 22.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,402 shares of company stock valued at $2,273,407. Insiders own 0.25% of the company’s stock.

McDonald’s Price Performance

Shares of MCD stock opened at $300.81 on Thursday. The business’s 50 day simple moving average is $306.78 and its 200 day simple moving average is $306.21. McDonald’s Corporation has a one year low of $276.53 and a one year high of $326.32. The stock has a market capitalization of $214.66 billion, a PE ratio of 25.78, a PEG ratio of 3.09 and a beta of 0.51.

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

McDonald’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were issued a $1.77 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $7.08 annualized dividend and a yield of 2.4%. McDonald’s’s dividend payout ratio is presently 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.