Taylor Financial Group Inc. Purchases 100 Shares of McDonald’s Corporation $MCD

Taylor Financial Group Inc. increased its position in shares of McDonald’s Corporation (NYSE:MCD) by 4.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,564 shares of the fast-food giant’s stock after buying an additional 100 shares during the period. Taylor Financial Group Inc.’s holdings in McDonald’s were worth $749,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in MCD. Nova Wealth Management Inc. purchased a new stake in shares of McDonald’s in the 1st quarter worth approximately $26,000. HFM Investment Advisors LLC bought a new position in McDonald’s in the first quarter worth approximately $26,000. Abound Financial LLC bought a new position in McDonald’s in the first quarter worth approximately $30,000. GFG Capital LLC bought a new position in McDonald’s in the second quarter worth approximately $29,000. Finally, Redmont Wealth Advisors LLC bought a new position in McDonald’s in the first quarter worth approximately $31,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Performance

McDonald’s stock opened at $309.97 on Tuesday. The stock has a market cap of $221.19 billion, a PE ratio of 26.56, a price-to-earnings-growth ratio of 3.23 and a beta of 0.50. McDonald’s Corporation has a one year low of $276.53 and a one year high of $326.32. The stock has a 50-day moving average of $306.52 and a two-hundred day moving average of $305.71.

McDonald’s (NYSE:MCD) last posted 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 during the quarter, compared to the consensus estimate of $6.68 billion. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.97 earnings per share. As a group, sell-side analysts predict that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a $1.86 dividend. This is a boost from McDonald’s’s previous quarterly dividend of $1.77. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, December 1st. McDonald’s’s dividend payout ratio is currently 60.67%.

Insider Activity at McDonald’s

In related news, EVP Desiree Ralls-Morrison sold 2,487 shares of the company’s 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 sale, the executive vice president owned 8,754 shares in the company, valued at $2,713,740. This represents a 22.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CMO Edith Morgan Flatley sold 1,000 shares of McDonald’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 transaction of $315,000.00. Following the sale, the chief marketing officer owned 6,858 shares of the company’s stock, valued at approximately $2,160,270. The trade was a 12.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,463 shares of company stock worth $1,692,186 over the last quarter. Insiders own 0.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on MCD shares. Piper Sandler reiterated a “neutral” rating and issued a $325.00 price target on shares of McDonald’s in a report on Wednesday, October 22nd. Morgan Stanley set a $335.00 price objective on McDonald’s in a research report on Friday, October 17th. Melius initiated coverage on McDonald’s in a research report on Monday, July 14th. They set a “sell” rating and a $250.00 price objective on the stock. Mizuho set a $300.00 price target on shares of McDonald’s in a research report on Monday. Finally, TD Cowen increased 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 equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $323.43.

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.