Curbstone Financial Management Corp Acquires 218 Shares of McDonald’s Corporation $MCD

Curbstone Financial Management Corp raised its holdings in McDonald’s Corporation (NYSE:MCD) by 4.3% during the second quarter, Holdings Channel reports. The institutional investor owned 5,344 shares of the fast-food giant’s stock after buying an additional 218 shares during the quarter. Curbstone Financial Management Corp’s holdings in McDonald’s were worth $1,561,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in MCD. Brighton Jones LLC lifted its stake in shares of 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 buying an additional 1,649 shares in the last quarter. Revolve Wealth Partners LLC lifted its stake in shares of 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 buying an additional 52 shares in the last quarter. Quotient Wealth Partners LLC lifted its position in shares of McDonald’s by 10.9% during 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. SSA Swiss Advisors AG bought a new position in shares of McDonald’s during the first quarter valued at about $175,000. Finally, GAMMA Investing LLC lifted its position in shares of McDonald’s by 25.3% during the first quarter. GAMMA Investing LLC now owns 11,198 shares of the fast-food giant’s stock valued at $3,498,000 after purchasing an additional 2,261 shares in the last quarter. 70.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on MCD. Weiss Ratings reissued a “buy (b)” rating on shares of McDonald’s in a research report on Wednesday, October 8th. JPMorgan Chase & Co. raised their price target on shares of McDonald’s from $305.00 to $310.00 and gave the company an “overweight” rating in a research report on Thursday, August 7th. BMO Capital Markets raised their price target on shares of McDonald’s from $350.00 to $360.00 and gave the company an “outperform” rating in a research report on Thursday, September 4th. Truist Financial dropped their price target on shares of McDonald’s from $360.00 to $350.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, TD Cowen raised their price target on shares of McDonald’s from $305.00 to $315.00 and gave the company a “hold” rating in a research report on Wednesday, August 6th. Eleven analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $324.68.

McDonald’s Stock Performance

Shares of MCD stock opened at $308.02 on Friday. The firm has a market cap of $219.80 billion, a price-to-earnings ratio of 26.39, a P/E/G ratio of 3.22 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 $306.29 and its two-hundred day simple moving average is $305.54.

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 announced 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%.

Insider Buying and Selling at McDonald’s

In other news, CMO Edith Morgan Flatley sold 1,000 shares of McDonald’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total value of $315,000.00. Following the completion of the transaction, the chief marketing officer 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of McDonald’s stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total transaction of $281,221.11. Following the completion of the transaction, the insider owned 9,283 shares of the company’s stock, valued at $2,780,165.67. The trade was a 9.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,402 shares of company stock worth $1,973,407 over the last three months. Company insiders own 0.25% of the company’s stock.

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.