Swan Global Investments LLC Buys Shares of 879 McDonald’s Corporation $MCD

Swan Global Investments LLC purchased a new position in shares of McDonald’s Corporation (NYSE:MCD) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 879 shares of the fast-food giant’s stock, valued at approximately $257,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Nova Wealth Management Inc. bought a new stake in shares of McDonald’s during the 1st quarter worth about $26,000. HFM Investment Advisors LLC bought a new position in shares of McDonald’s in the 1st quarter valued at approximately $26,000. Abound Financial LLC acquired a new stake in McDonald’s in the 1st quarter worth approximately $30,000. GFG Capital LLC bought a new stake in McDonald’s during the second quarter worth approximately $29,000. Finally, Redmont Wealth Advisors LLC bought a new stake in McDonald’s during the first quarter worth approximately $31,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analyst Ratings Changes

MCD has been the topic of a number of recent analyst reports. The Goldman Sachs Group raised shares of McDonald’s from a “neutral” rating to a “buy” rating and set a $345.00 price target on the stock in a research report on Thursday, July 10th. Morgan Stanley set a $335.00 target price on shares of McDonald’s in a report on Friday. KeyCorp reissued an “overweight” rating and set a $335.00 target price (up previously from $325.00) on shares of McDonald’s in a research report on Thursday, August 7th. Stifel Nicolaus upped their price target on shares of McDonald’s from $300.00 to $315.00 and gave the company a “hold” rating in a report on Friday, August 22nd. Finally, TD Cowen lifted their price objective on McDonald’s from $305.00 to $315.00 and gave the stock a “hold” rating in a research note on Wednesday, August 6th. Eleven investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $324.68.

Insider Transactions at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 939 shares of McDonald’s stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total transaction of $281,221.11. Following the sale, the insider owned 9,283 shares in the company, valued at $2,780,165.67. The trade was a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CMO Edith Morgan Flatley sold 1,000 shares of the stock in a transaction 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 completion of the transaction, the chief marketing officer owned 6,858 shares of the company’s stock, valued at approximately $2,160,270. This represents a 12.73% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,402 shares of company stock worth $1,973,407 over the last quarter. 0.25% of the stock is owned by company insiders.

McDonald’s Price Performance

NYSE MCD opened at $308.02 on Monday. The company’s fifty day moving average is $306.29 and its two-hundred day moving average is $305.41. McDonald’s Corporation has a 52-week low of $276.53 and a 52-week high of $326.32. The firm has a market capitalization of $219.80 billion, a price-to-earnings ratio of 26.39, a P/E/G ratio of 3.25 and a beta of 0.50.

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, 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 analyst estimates of $6.68 billion. During the same quarter in the prior year, the business earned $2.97 earnings per share. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. As a group, sell-side analysts expect that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were issued a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Tuesday, September 2nd. McDonald’s’s dividend payout ratio (DPR) is presently 60.67%.

McDonald’s 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.