McDonald’s Corporation $MCD is Atwater Malick LLC’s 10th Largest Position

Atwater Malick LLC lifted its stake in McDonald’s Corporation (NYSE:MCD) by 0.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,298 shares of the fast-food giant’s stock after purchasing an additional 117 shares during the quarter. McDonald’s accounts for approximately 3.6% of Atwater Malick LLC’s holdings, making the stock its 10th biggest position. Atwater Malick LLC’s holdings in McDonald’s were worth $11,482,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of MCD. HFM Investment Advisors LLC purchased a new position in shares of McDonald’s in the 1st quarter worth about $26,000. Nova Wealth Management Inc. purchased a new position in shares of McDonald’s in the 1st quarter worth about $26,000. Abound Financial LLC purchased a new position in shares of McDonald’s in the 1st quarter worth about $30,000. Redmont Wealth Advisors LLC purchased a new position in shares of McDonald’s in the 1st quarter worth about $31,000. Finally, Financial Gravity Asset Management Inc. purchased a new position in shares of McDonald’s in the 1st quarter worth about $31,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 939 shares of the company’s stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total transaction of $281,221.11. Following the sale, the insider directly owned 9,283 shares of the company’s stock, valued at $2,780,165.67. This represents a 9.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 trade represents a 12.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,402 shares of company stock valued at $2,273,407 over the last 90 days. Insiders own 0.25% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. TD Securities reissued a “hold” rating and issued a $305.00 target price on shares of McDonald’s in a research report on Thursday, June 5th. Evercore ISI boosted their price objective on McDonald’s from $350.00 to $360.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Piper Sandler boosted their price objective on McDonald’s from $314.00 to $325.00 and gave the company a “neutral” rating in a research note on Thursday, August 7th. Loop Capital downgraded McDonald’s from a “buy” rating to a “hold” rating and cut their price objective for the company from $346.00 to $315.00 in a research note on Friday, June 6th. Finally, Morgan Stanley boosted their price objective on McDonald’s from $324.00 to $326.00 and gave the company an “equal weight” rating in a research note on Monday, July 14th. Eleven analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $325.86.

McDonald’s Price Performance

Shares of MCD opened at $300.09 on Friday. The stock has a market capitalization of $214.15 billion, a price-to-earnings ratio of 25.71, a price-to-earnings-growth ratio of 3.06 and a beta of 0.50. McDonald’s Corporation has a 1 year low of $276.53 and a 1 year high of $326.32. The business’s 50 day simple moving average is $306.88 and its 200-day simple moving average is $306.19.

McDonald’s (NYSE:MCD) last issued 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 analysts’ expectations of $6.68 billion. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.97 EPS. On average, sell-side analysts expect that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Dividend Announcement

The company also recently disclosed 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. This represents a $7.08 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Tuesday, September 2nd. McDonald’s’s dividend payout ratio is 60.67%.

McDonald’s 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.