Callan Family Office LLC Buys 11,101 Shares of McDonald’s Corporation $MCD

Callan Family Office LLC raised its stake in McDonald’s Corporation (NYSE:MCD) by 162.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,950 shares of the fast-food giant’s stock after purchasing an additional 11,101 shares during the period. Callan Family Office LLC’s holdings in McDonald’s were worth $5,244,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. HFM Investment Advisors LLC acquired a new position in shares of McDonald’s during the first quarter valued at about $26,000. Nova Wealth Management Inc. acquired a new position in shares of McDonald’s during the first quarter valued at about $26,000. GFG Capital LLC acquired a new position in shares of McDonald’s during the second quarter valued at about $29,000. Abound Financial LLC acquired a new position in shares of McDonald’s during the first quarter valued at about $30,000. Finally, Redmont Wealth Advisors LLC acquired a new position in shares of McDonald’s during the first quarter valued at about $31,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at McDonald’s

In other news, CMO Edith Morgan Flatley sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total value of $315,000.00. Following the sale, the chief marketing officer owned 6,858 shares of the company’s stock, valued at $2,160,270. The trade was a 12.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president directly owned 8,754 shares in the company, valued at approximately $2,713,740. This trade represents a 22.12% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,402 shares of company stock worth $1,973,407. 0.25% of the stock is currently owned by company insiders.

McDonald’s Stock Performance

Shares of MCD stock opened at $297.07 on Friday. The firm has a market cap of $211.99 billion, a price-to-earnings ratio of 25.46, a P/E/G ratio of 3.09 and a beta of 0.50. McDonald’s Corporation has a 52 week low of $276.53 and a 52 week high of $326.32. The firm’s 50-day simple moving average is $306.31 and its two-hundred day simple moving average is $305.79.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data 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 business had revenue of $6.84 billion for the quarter, compared to analyst estimates of $6.68 billion. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.97 earnings per share. 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 declared a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were given a $1.77 dividend. 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%.

Analysts Set New Price Targets

Several research analysts recently weighed in on MCD shares. Melius started coverage on shares of McDonald’s in a report on Monday, July 14th. They set a “sell” rating and a $250.00 price target on the stock. Barclays boosted their price target on shares of McDonald’s from $355.00 to $360.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. KeyCorp restated an “overweight” rating and set a $335.00 price target (up from $325.00) on shares of McDonald’s in a report on Thursday, August 7th. Truist Financial boosted their price target on shares of McDonald’s from $356.00 to $360.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. Finally, Stifel Nicolaus boosted their price target on shares of McDonald’s from $300.00 to $315.00 and gave the stock a “hold” rating in a report on Friday, August 22nd. Eleven equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $325.18.

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.