Old North State Trust LLC purchased a new stake in McDonald’s Corporation (NYSE:MCD – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,451 shares of the fast-food giant’s stock, valued at approximately $663,000.
A number of other large investors also recently bought and sold shares of MCD. Public Employees Retirement System of Ohio acquired a new stake in McDonald’s in the second quarter valued at approximately $72,686,000. Councilmark Asset Management LLC acquired a new position in shares of McDonald’s during the 2nd quarter worth approximately $535,000. Partners Capital Investment Group LLP acquired a new position in shares of McDonald’s during the 2nd quarter worth approximately $271,000. Cullen Capital Management LLC purchased a new position in shares of McDonald’s during the 2nd quarter valued at approximately $1,118,000. Finally, Ames National Corp purchased a new position in shares of McDonald’s during the 2nd quarter valued at approximately $1,174,000. Institutional investors and hedge funds own 70.29% of the company’s stock.
McDonald’s Stock Down 2.6%
Shares of MCD opened at $259.94 on Friday. McDonald’s Corporation has a 52-week low of $259.85 and a 52-week high of $341.75. The stock has a market cap of $183.94 billion, a PE ratio of 21.12, a price-to-earnings-growth ratio of 2.99 and a beta of 0.41. The firm’s fifty day moving average is $270.95 and its two-hundred day moving average is $291.90.
McDonald’s Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Tuesday, September 1st will be issued a dividend of $1.86 per share. This represents a $7.44 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Tuesday, September 1st. McDonald’s’s payout ratio is currently 60.44%.
Insiders Place Their Bets
In other McDonald’s news, insider Joseph M. Erlinger sold 5,252 shares of the company’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $284.32, for a total value of $1,493,248.64. Following the completion of the sale, the insider directly owned 7,734 shares in the company, valued at $2,198,930.88. This represents a 40.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.26% of the company’s stock.
More McDonald’s News
Here are the key news stories impacting McDonald’s this week:
- Positive Sentiment: A temporary waiver of tariffs on imported beef could reduce input costs for McDonald’s and other restaurant operators, potentially supporting margins. ETFs to Gain as Trump Waives Off Tariffs on Beef Imports Temporarily
- Positive Sentiment: McDonald’s is bringing back Spicy McNuggets after a two-year hiatus, supported by Mighty Hot Sauce and limited-time availability. The promotion could boost traffic, customer engagement and digital-order activity, although its financial effect is likely modest. McDonald’s to bring back Spicy McNuggets
- Positive Sentiment: Argus maintained a “buy” rating while reducing its price target to $310 from $320, still implying substantial potential upside based on the referenced price. The target cut, however, signals more cautious expectations. McDonald’s price-target update
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on MCD shares. JPMorgan Chase & Co. cut their price target on shares of McDonald’s from $325.00 to $305.00 and set an “overweight” rating for the company in a report on Monday, May 11th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $295.00 target price on shares of McDonald’s in a research report on Wednesday, August 5th. Weiss Ratings cut shares of McDonald’s from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 23rd. Deutsche Bank Aktiengesellschaft upped their price target on shares of McDonald’s from $335.00 to $345.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Finally, Evercore set a $320.00 price target on shares of McDonald’s in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, McDonald’s currently has an average rating of “Moderate Buy” and an average target price of $322.96.
View Our Latest Report on McDonald’s
McDonald’s Profile
McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.
Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.
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