McDonald’s Corporation $MCD Shares Acquired by Fairvoy Private Wealth LLC

Fairvoy Private Wealth LLC grew its holdings in McDonald’s Corporation (NYSE:MCD) by 1.8% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 10,919 shares of the fast-food giant’s stock after buying an additional 189 shares during the quarter. Fairvoy Private Wealth LLC’s holdings in McDonald’s were worth $3,190,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of MCD. Brighton Jones LLC grew its stake in shares of McDonald’s by 21.6% during the fourth quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant’s stock worth $2,692,000 after purchasing an additional 1,649 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in shares of McDonald’s by 2.8% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant’s stock worth $563,000 after purchasing an additional 52 shares in the last quarter. Quotient Wealth Partners LLC grew its stake 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 worth $817,000 after purchasing an additional 258 shares in the last quarter. Lmcg Investments LLC grew its stake in shares of McDonald’s by 7.1% during the first quarter. Lmcg Investments LLC now owns 3,693 shares of the fast-food giant’s stock worth $1,154,000 after purchasing an additional 245 shares in the last quarter. Finally, Breakwater Capital Group grew its stake in shares of McDonald’s by 14.4% during the first quarter. Breakwater Capital Group now owns 1,427 shares of the fast-food giant’s stock worth $446,000 after purchasing an additional 180 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Buying and Selling at McDonald’s

In other news, EVP Desiree Ralls-Morrison sold 2,487 shares of the business’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $310.00, for a total transaction of $770,970.00. Following the transaction, the executive vice president directly owned 8,754 shares in the company, valued at $2,713,740. The trade was a 22.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Joseph M. Erlinger sold 939 shares of the business’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 transaction, the insider owned 9,283 shares in the company, valued at approximately $2,780,165.67. This trade represents a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,402 shares of company stock valued at $2,273,407 over the last ninety days. 0.25% of the stock is currently owned by corporate insiders.

McDonald’s Stock Performance

Shares of NYSE:MCD opened at $300.72 on Friday. The company has a 50-day simple moving average of $306.93 and a 200-day simple moving average of $306.17. McDonald’s Corporation has a one year low of $276.53 and a one year high of $326.32. The stock has a market capitalization of $214.59 billion, a price-to-earnings ratio of 25.77, a PEG ratio of 3.05 and a beta of 0.50.

McDonald’s (NYSE:MCD) last announced its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 EPS for the quarter, beating analysts’ consensus estimates of $3.15 by $0.04. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. The business had revenue of $6.84 billion during the quarter, compared to analysts’ expectations of $6.68 billion. During the same period in the prior year, the company earned $2.97 earnings per share. The business’s revenue was up 5.4% compared to the same quarter last year. As a group, research analysts forecast that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were issued a $1.77 dividend. This represents a $7.08 dividend on an annualized basis 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 presently 60.67%.

Analyst Ratings Changes

A number of equities analysts recently commented on MCD shares. TD Cowen boosted their target price on shares of McDonald’s from $305.00 to $315.00 and gave the stock a “hold” rating in a research note on Wednesday, August 6th. Barclays boosted their price target on shares of McDonald’s from $355.00 to $360.00 and gave the company an “overweight” rating in a research report on Thursday, August 7th. Morgan Stanley boosted their price target on shares of McDonald’s from $324.00 to $326.00 and gave the company an “equal weight” rating in a research report on Monday, July 14th. The Goldman Sachs Group raised shares of McDonald’s from a “neutral” rating to a “buy” rating and set a $345.00 price target for the company in a research report on Thursday, July 10th. Finally, Citigroup boosted their price target on shares of McDonald’s from $373.00 to $381.00 and gave the company a “buy” rating in a research report on Wednesday, September 17th. Twelve research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, McDonald’s presently has a consensus rating of “Hold” and an average target price of $325.86.

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.